GTCM (www.gtcm.com) is a registered brand name of Depaho Ltd., a company authorised and regulated as a Cyprus Investment Firm (CIF), registered under the Cyprus Securities and Exchange Commission (CySEC) (www.cysec.gov.cy), under license no. 161/11, under the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). The Cyprus Securities and Exchange Commission (CySEC Cyprus ) is the independent public supervisory Authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in the Republic of Cyprus.

The CySEC was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. The operation of the CySEC is governed by the Laws regulating the Structure, Responsibilities, Powers, Organization of the Cyprus Securities and Exchange Commission and Other Related Matters (L73(I)/2009).
 

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Depaho Ltd. operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union. MiFID provides a harmonised regulatory environment for investment services across the European Economic Area (EEA). The main objectives of the MiFID Directive are to enhance financial transparency, increase competition, and offer greater consumer protection in investment services.
 

In compliance with Law 144(I)/2007, Depaho Ltd. is a member of the Investor Compensation Fund (ICF). The ICF was established pursuant to Article 59(1) and (2) of Law 144(Ι)/2007 which provides for the Provision of Investment Services, the Exercise of Investment Activities, the Operation of Regulated Markets and other Related Matters (“the Law”) as an investor compensation fund for Cypriot Investment Firms (CIF) clients other than credit institutions and its powers and functions are regulated by the provisions of the Law and of the Directive 144-2007-15 of CySEC for the Continuance of the Operation and the Operation of the Investment Firm Investor Compensation Fund (“the Directive”).

The purpose of the ICF is to secure the claims of covered clients against the ICF members through the payment of compensation, if the necessary preconditions are fulfilled. All non-professional investor-clients of an ICF member who is covered by the ICF for claims against such member, arising out of the covered services provided by the member, may apply for compensation. Read more
 

REGISTRATIONS

 

Depaho Ltd. is operating in compliance with high financial standards and is authorised to provide cross border services to various countries and does not have any physical presence in any other country apart from Cyprus. Depaho Ltd. is registered with several authorities. Below is a list of the authorities, among others, with which Depaho Ltd. is registered. Please note the list is not exhaustive.


The Financial Conduct Authority (FCA, UK)

Registration No. 593528
The Financial Conduct Authority (FCA, UK) is a non-governmental body that independently regulates the financial services industry in the UK. The FCA also plays a significant role in the regulation and authorisation of financial services firms from within the European Economic Area (EEA). Firms that are regulated within a member state of the EEA are eligible to offer financial products and services to other EEA member states, providing they have the necessary authorisations. The FCA provides a registry of such authorised firms.  Read more
Autorité des Marchés Financiers (AMF) & Banque de France (ACPR)

Registration No. 74353
The Autorité des Marchés Financiers (AMF France) regulates participants and products in France’s financial markets. It regulates, authorises, monitors, and, where necessary conducts investigations and issues sanctions. In addition, it ensures that investors receive material information, and provides a mediation service to assist them in disputes. The AMF coordinates its activities with other French regulators, especially in the banking and insurance sectors, and cooperates actively with its European and international counterparts. It consults regularly with professionals, investors and academics in an effort to take financial regulation forward.

The ACPR is a strong supervisory authority and is responsible for licensing. Its main mission is to ensure the preservation of financial stability and the protection of clients. Their aim is to strengthen the influence of France on the international and European scene.
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Commissione Nazionale per le Società e la Borsa (CONSOB)

Registration No. 3567
The Commissione Nazionale per le Società e la Borsa (CONSOB Italy) is the supervisory authority for the Italian financial products market. Its aims are to protect investors and the efficiency, transparency and development of the market. CONSOB regulates the provision of investment services and activities, the behaviors that must be kept by intermediaries and financial salesmen in dealing with investors, principles and criteria related to organization of the “Organismo per la tenuta dell’Albo dei promotori finanziari” and of the “Organismo dei consulenti finanziari”. Read more
 


The Comisión Nacional del Mercado de Valores (CNMV)

Registration No. 3321
The Comisión Nacional del Mercado de Valores (CNMV Spain) is the agency in charge of supervising and inspecting the Spanish Stock Markets and the activities of all the participants in those markets. It was created by the Securities Market Law, which instituted in-depth reforms of this segment of the Spanish financial system. The purpose of the CNMV is to ensure the transparency of the Spanish market and the correct formation of prices in them, and to protect investors. The CNMV promotes the disclosure of any information required to achieve these ends, by any means at its disposal.  Read more
 


Finansinspektionen (FI)
The FI (Finansinspektionen) Sweden is an organisation that monitors and analyses trends in the Financial market, assessing the Financial health of individual companies. FI supervises compliance with statutes, ordinances and other regulations, provides supervision regarding the Swedish Insider Act, and investigates cases of suspected offences and share price manipulations.

FI issues regulations & guidelines assessing on whether existing legislation needs to be amended. It issues permits to companies that wish to provide financial services, designs rules and regulations for financial activities and supervises on these rules and on the performance of risk assessments.

FI also is responsible for monitoring that companies disclose complete and clear information to the consumers and ensures that routines for such information function satisfactorily.
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Komisja Nadzaru Finansowego (KNF)
The Komisja Nadzaru Finansowego (KNF, Poland) is the public administration body responsible for state supervision over Polish financial market. The KNF exercises, inter alia, supervision of the financial market, including banking supervision, supervision of the capital market, supplementary supervision of financial conglomerates and supervision of electronic money institution. The mission of the KNF Office is to ensure stability and safe development of the financial market. The KNF Office is an independent body, whose tasks are aiming to limit excessive risk in the operation of supervised entities, strengthen the transparency of the financial market and assist the market in building its position in Europe.
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Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

Registration No. 130520
The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin Germany) is the integrated supervisory authority for Germany’s financial market. It is responsible for supervising credit institutions, financial services providers, asset management companies, insurance undertakings, pension funds (supervised entities) and securities trading.

BaFin sees itself as a forward-looking, risk-oriented supervisory authority. It acts decisively and judiciously to contribute to the proper functioning, stability and integrity of the German financial system in a European and international context, thus fulfilling its statutory mandate to the best of its ability.
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Finanstilsynet (Norway)

Registration No. FT00080174
Finanstilsynet is the Financial Supervisory Authority of Norway. Based on Norwegian legislation and international standards, it acts as an independent government agency and is responsible for financial regulation and supervision of enterprises and markets. Its aim is to promote financial stability and orderly market conditions and to instil confidence that financial contracts will be honoured and services performed as intended.

Finanstilsynet regulates and supervises, apart from financial market places, banks, finance companies, mortgage companies, insurance companies, pension funds, investment firms and securities fund management. Its premise is that all the above supervised enterprises must be afforded competitive conditions, which are in line with those enjoyed by institutions in other EEA member states.
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Also registered with:

  • AFM Autoriteit Financiële Markten (Netherlands)
  • FMA Financial Market Authority (Austria)
  • FSA Finanstilsynet (Denmark)
  • FIN-FSA Finanssivalvonta (Finland)
  • MFSA Malta Financial Services Authority
  • Finantsinspektsioon (Estonia)
  • Narodna banka Slovenska (Slovak Republic)
  • ASF Autoritatea De Supraveghere Financiara (Romania)
 

Important Note: The Company is not providing services to the territories of USA, Canada and Belgium.

CFDs and FX are leveraged products. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. Please refer to the full Risk Disclaimer.