Fibo Markets Officially Withdraws CySEC License

Cyprus‘ securities regulator has confirmed the formal withdrawal of Fibo Markets Ltd.’s authorization as a Cyprus Investment Firm, finalizing a process triggered by the broker‘s express decision to renounce its license under CySEC rules. The decision was taken at a CySEC meeting on 25 August 2025 pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of Directive DI87-05, aligning the regulator’s action with the firms voluntary surrender of authorization.

Regulatory Decision and Basis

CySEC‘s decision records that Fibo Markets renounced its CIF authorization number 118/10, prompting the regulator’s withdrawal consistent with DI87-05 procedures governing suspension and withdrawal of licenses. The directive outlines requirements for firms exiting the market, including investor notifications, return of client funds, and supervisory oversight during wind‑down, providing the legal framework for voluntary license termination.

Company Notice and Client Impact

Fibo Markets previously notified clients of a voluntary renunciation plan and indicated the wind‑down was expected to conclude by 30 April 2025, with instructions posted in client portals and sent via registered email, and support available by phone and email during the transition. The brokers approved domains included fibogroup.eu, fibomarkets.eu, fibomarkets.com, and fibo-promo.com, with at least one domain displaying the surrender notice at publication time, though others were intermittently inaccessible.

Context Within CySEC Actions

The withdrawal arrives amid broader supervisory moves from CySEC, which, around the same period confirmed additional license removals and ICF membership terminations for multiple firms following prior revocations or inactivity-based withdrawals. CySEC has emphasized that loss of ICF membership after a CIF withdrawal does not retroactively strip eligible clients of compensation rights for covered periods, reflecting established practice in prior announcements.

Verification and Compliance Notes

CySEC‘s public register and posted decisions provide the authoritative record of Fibo Markets’ CIF license termination, including the 25 August 2025 decision reference. Practitioners can confirm termination status and applicable conditions by reviewing CySECs decision notice and DI87-05 requirements on firm communications, client fund returns, and cessation of regulated activities.

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