The Cyprus regulator has withdrawn the licence of Itrade Global, the company behind the retail trading brands TradedWell and InvestFW, closing the book on a broker that had already been hit with one of the larger fines the regulator has handed out. The Itrade Global licence withdrawal was decided in April 2025 and published in June.
The Cyprus Securities and Exchange Commission withdrew the authorisation of Itrade Global (CY) Ltd after the company expressly asked to renounce it. On paper this is a voluntary exit. In practice it followed years of trouble. The TradedWell website had already stopped serving clients in January 2023, hiding behind a notice about an operational optimisation process, and its sister brand InvestFW had likewise wound down.
The One Million Euro Fine Behind It
The withdrawal cannot be read apart from what came before it. In 2023 CySEC fined Itrade Global one million euro for a series of violations connected to a tied agent operating in Spain. The regulator found that, through that agent, the firm failed to take proper steps to identify and manage a conflict of interest, did not act fairly, honestly and professionally in serving clients, and did not ensure that the information put in front of clients was fair, clear and not misleading.
Those are not peripheral failings. Acting honestly, managing conflicts and telling clients the truth are the core obligations that a licence exists to enforce. A one million euro fine for failing them, followed two years later by the surrender of the licence itself, is the arc of a broker that lost the confidence of its regulator and then stepped out of the regime rather than continue under it.
Renunciation Is Not Redemption
Firms often prefer to renounce a licence rather than have it stripped, because a voluntary exit reads more cleanly than a forced one. But the substance here is plain. This is a broker that was fined a large sum for serious conduct failings through its Spanish agent, whose consumer facing brands went dark, and which then handed its authorisation back. For any client who dealt with TradedWell or InvestFW, the practical protections of a Cyprus licence are now gone, and the entity behind them has left the regulated European system.
The Itrade Global story is a compact lesson in how these cases actually unfold. The dramatic moment, the one million euro fine, came first. The quiet moment, the licence withdrawal, came later and drew far less attention. But both belong to the same firm and the same failure. A prospective client scanning only the recent headlines might see a routine licence renunciation and miss the fine that sat behind it. The record has to be read as a whole.
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A Quiet Exit Is Not a Clean One.
A licence renunciation looks tidy on its own, which is exactly why it should not be read on its own. Itrade Global did not simply decide Cyprus no longer suited it. It was fined one million euro in 2023 for conduct failings through a Spanish agent that went to the heart of what a licence protects — honesty, conflict management and fair information — its consumer brands TradedWell and InvestFW went dark, and only then did it hand the licence back.
The withdrawal is the last chapter of a bad story, not a neutral administrative step.
Anyone assessing a broker should learn to connect the quiet exit to the loud fine that preceded it, because the firms hope you will not.
About the Company
About Itrade Global
Regulator
CySEC (Cyprus)
Jurisdiction
Cyprus (EU)
Action Type
CIF Licence Withdrawal (renunciation)
Prior Penalty
EUR 1,000,000 (2023)
Itrade Global (CY) Ltd was a Cyprus investment firm that operated the retail forex and CFD trading brands TradedWell and InvestFW, supervised by the Cyprus Securities and Exchange Commission. In 2023 CySEC fined the firm one million euro over multiple violations connected to a tied agent in Spain, including failures to manage conflicts of interest and to provide fair and clear information to clients.
Its trading websites ceased serving clients in early 2023, and in 2025 CySEC withdrew its licence following the company's request to renounce it.
Frequently Asked Questions
Is Itrade Global still regulated?
No. CySEC withdrew Itrade Global's Cyprus licence in 2025 after the firm asked to renounce it, so it is no longer an authorised Cyprus broker.
Why was Itrade Global fined one million euro?
In 2023 CySEC fined the firm one million euro over violations connected to a tied agent in Spain, including failures to manage a conflict of interest and to give clients fair, clear and not misleading information.
What happened to TradedWell and InvestFW?
Both were retail trading brands of Itrade Global. TradedWell stopped serving clients in January 2023, and InvestFW wound down as well.
Is Itrade Global safe for traders?
No. The firm was fined heavily, its brands closed, and its licence has been withdrawn. Compare safer, active brokers in our Best Forex Brokers in 2026 ranking.
Editor's note & source: Factual points are drawn from the CySEC board decision and public announcement. Primary source: CySEC Decision 99844. This article is not legal advice. Last updated: 10 August 2026.