The fine, imposed by CySEC, is actually divided in two – 90,000 EURO in connection to company policies of “not acting fairly, honestly and professionally in accordance with the best interests of its clients” – here the regulator points out the use of leverage, granting of bonuses/trading benefits and issues with the clients’ negative balance protection.
Another 40 000 EUR of the fine is imposed, because Instant Trading EU Ltd has failed to ask clients to provide the necessary information regarding their knowledge and experience, to assess whether the investment service or product is appropriate for them.