Regulations Depaho LTD.
Regulations Depaho LTD.
Depaho Ltd. is registered under Cyprus Company Law and is operating under the brand names of FXGM (www.fxgm.com), GTCM (www.gtcm.com), and TRADEAPP (www.tradeapp.com). Depaho Ltd. is authorised and regulated as a Cyprus Investment Firm (CIF), registered under the Cyprus Securities and Exchange Commission (CySEC) (www.cysec.gov.cy), under licence no. 161/11, under the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). To view our License please click here.
The Cyprus Securities and Exchange Commission (CySEC) is the independent public supervisory Authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in the Republic of Cyprus.
The CySEC was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. The operation of the CySEC is governed by the Laws regulating the Structure, Responsibilities, Powers, Organization of the Cyprus Securities and Exchange Commission and Other Related Matters (L73(I)/2009).
Depaho Ltd. is widely acknowledged for its corporate business transparency and respected for its commitment to business ethics. Furthermore, Depaho Ltd. operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union. MiFID provides a harmonised regulatory environment for investment services across the European Economic Area (EEA). The main objectives of the MiFID || Directive are to enhance financial transparency, increase competition, and offer greater consumer protection in investment services.
In accordance with Law 144(I)/2007, Depaho Ltd. Is a member of the Investor Compensation Fund (ICF). The ICF was established pursuant to Article 59(1) and (2) of Law 144(Ι)/2007 which provides for the Provision of Investment Services, the Exercise of Investment Activities, the Operation of Regulated Markets and other Related Matters (“the Law”) as an investor compensation fund for Cypriot Investment Firms (CIF) clients other than credit institutions and its powers and functions are regulated by the provisions of the Law and of the Directive 144-2007-15 of CySEC for the Continuance of the Operation and the Operation of the Investment Firm Investor Compensation Fund (“the Directive”).
The purpose of the ICF is to secure the claims of covered clients against the ICF members through the payment of compensation, if the necessary preconditions are fulfilled. All non-professional investor-clients of an ICF member who is covered by the ICF for claims against such member, arising out of the covered services provided by the member, may apply for compensation. Read more
Depaho Ltd. is required to disclose information relating to its capital, the risks that the Company is exposed to as well as to promote market discipline. To view the Pillar 3 Disclosures of Depaho Ltd. please click here.
Depaho Ltd. is required to disclose information relating to its Remuneration Policy. To view the Remuneration Policy of Depaho Ltd. please click here.
Depaho Ltd. is required to disclose information relating to its Order Execution Policy. To view the Order Execution Policy of Depaho Ltd. please click here.
Depaho Ltd. is required to disclose information relating to its Conflict of Interest Policy. To view the Conflict of Interest Policy of Depaho Ltd. please click here.
Depaho Ltd is required to disclose information relating to its Annual Execution Quality Summary Statement as per MIFID II regulation. To view the Company’s statements please see below:
Annual Execution Quality Summary Statement 2019 for the brand FXGM please click here.
Annual Execution Quality Summary Statement 2019 for the brand GTCM please click here.
Annual Execution Quality Summary Statement 2019 for the brand TRADEAPP please click here.
Execution Summary Tables for FXGM 2018 and 2019 please click here.
Execution Summary Tables for GTCM 2018 and 2019 please click here.
Execution Summary Tables for TRADEAPP 2018 and 2019 please click here.
QUALITY OF EXECUTION REPORTS 2019 (RTS 27) please click here.
QUALITY OF EXECUTION REPORTS 2020 – Q1 (RTS 27) please click here.
Depaho Ltd is a member of Association of Cyprus International Investment Firms (ACIIF). The Association of Cyprus International Investment Firms (ACIIF), is a representative body of Cyprus Investment Firms (CIF’s). All members of ACIIF are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). To view the Depaho Ltd. membership please click here.
Depaho Ltd. operates its business in compliance with the high financial standards set by the regulatory authorities, adheres to the regulatory standards of the European financial authorities and follows precise due diligence procedures and trading practices. As a regulated Investment Firm, clients are assured that Depaho Ltd. consistently meets the strictest standards of financial stability and proper handling of client funds.
In addition, Depaho Ltd. is also authorised as a Financial Service Provider(FSP) by the South Africa Financial Sector Conduct Authority (FSCA) ( www.fsca.co.za ), under FSP authorisation no. 47709.
The Financial Sector Conduct Authority (FSCA, South Africa) is an independent institution, established by statute to oversee the South African non-banking financial services industry in the public interest. The FSCA is committed to promote and maintain a sound financial investment in South Africa.
FSCA oversees the non-banking financial services industry, which includes, inter alia, retirement funds, short-term & long-term insurance, companies, funeral insurance, schemes, collective investment schemes (unit trusts and stock market), financial advisors and brokers and provides a registry of such authorized firms.
The FSCA maintains a strong, effective presence in the regulatory field, in South Africa and internationally, while working closely with its counterparts elsewhere in Africa to establish solid regulatory frameworks.
Furthermore, Depaho Ltd. is authorised to provide cross border services to EU member states, as well as South Africa, Switzerland and Ukraine. Depaho Ltd. is registered with several authorities. Below is a list of the authorities, among others, with which Depaho Ltd. is registered. Please note the list is not exhaustive.
Also registered with:
AFM Autoriteit Financiële Markten (Netherlands)
FMA Financial Market Authority (Austria)
FSA Finanstilsynet (Denmark)
FIN-FSA Finanssivalvonta (Finland)
MFSA Malta Financial Services Authority
Narodna banka Slovenska (Slovak Republic)
ASF Autoritatea De Supraveghere Financiara (Romania)