Orbex Applied to Cancel its FCA License

The Financial Conduct Authority (FCA) in the UK has published an announcement that Orbex, a forex company, applied to cancel its authorisation. 

(Screenshot from the FCA)

According to the official press release, the FCA regulated firm Orbex under license number 553071, is no longer registered and authorised in the FCA.

The cancellation of Orbex’s license means the entity was failed to offer British clients its financial services as an FCA supervised firm does.

Note: Orbex is still authorized and regulated by Mauritius Financial Services Commission(FSC) and a fully licensed and regulated Cyprus Investment Firm (CIF) governed and supervised by Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10).