The Cyprus regulator fined FXBFI, the company behind the retail broker 101investing, twice within a year — first 150 thousand euro and then a further 50 thousand — before the firm ultimately lost its licence. The 101investing CySEC record is one of repeated correction ending in the removal of the broker from the regulated system.
The Cyprus Securities and Exchange Commission first reached a 150 thousand euro settlement with FXBFI Broker Financial Invest Ltd in August 2022, over non-compliance with the authorisation conditions set out in the Cyprus directive that governs investment firms, including requirements around conflicts of interest and the information provided to clients. Less than a year later, in June 2023, the regulator imposed a further 50 thousand euro fine, this time for failing to meet anti-money laundering and counter terrorist financing requirements during a period spanning late 2020 and early 2021.
Two Different Kinds of Failure
What makes this pair of penalties telling is that they cover different territory. The first concerned authorisation conditions, conflicts of interest and client information — the everyday duties of running a fair investment firm. The second concerned anti-money laundering controls, the machinery that keeps a broker from being used to move dirty money and that verifies who its clients really are. Failing one is a problem. Failing both, in separate actions, points to weaknesses spread across the firm rather than confined to a single corner.
A broker that is fined for its authorisation conditions and its financial crime controls within a single year is not a firm that made one unlucky error. It is a firm whose compliance the regulator had to correct more than once, on more than one front. That is precisely the sort of record that tends to precede more serious action, and in this case it did.
From Repeated Fines to a Lost Licence
FXBFI's licence was ultimately withdrawn, ending 101investing's life as a regulated Cyprus broker. The arc is familiar from other troubled firms: repeated penalties, then the removal of the authorisation itself. For the clients who used 101investing, the practical outcome is the same as in every such case. The protections that came with a Cyprus licence are gone, and the entity behind the brand has exited the regime that was supposed to hold it to account.
The 101investing story is a compact illustration of how these cases build. It is rarely one dramatic event. More often it is a sequence: a fine here, another there, across different areas, until the pattern is undeniable and the licence goes. A prospective client who saw only the brand, or only one of the fines, would have missed the shape of it. The record only makes sense read in full, and read in full it is a clear warning.
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Two Fines, Two Different Failures, One Withdrawn Licence
Two CySEC fines in under a year — 150 thousand euro over authorisation conditions and client duties, then 50 thousand over anti-money laundering controls — and finally a withdrawn licence. That is the FXBFI record behind the 101investing brand.
The two fines matter because they cover different ground: the everyday duties of a fair firm and the financial crime controls that protect client money. Together they point to weakness spread across the business. The licence loss at the end is the logical conclusion.
Read the whole sequence, because any single piece of it understates the problem.
About the Company
About 101investing
Regulator
CySEC (Cyprus)
Operator
FXBFI Broker Financial Invest Ltd
Action Type
Two Fines Then Licence Withdrawal
Penalties
EUR 150,000 + EUR 50,000
FXBFI Broker Financial Invest Ltd was a Cyprus investment firm that operated the retail forex and CFD broker 101investing, supervised by the Cyprus Securities and Exchange Commission. In August 2022 CySEC reached a 150 thousand euro settlement with the firm over authorisation conditions, conflicts of interest and client information, and in June 2023 fined it a further 50 thousand euro for anti-money laundering and counter terrorist financing failings.
The firm's licence was subsequently withdrawn.
Editor's note & source: Factual points are drawn from the CySEC public decisions register. This article is not legal advice. Last updated: 14 August 2026.