CySEC Fines Wonderinterest Trading €100,000 for Violations

CySEC has announced the imposition of administrative fines totaling €100,000 on CIF license holder Wonderinterest Trading Ltd for regulatory breaches identified between 2022 and 2024. According to the regulator, the decision reflects serious compliance shortcomings under the Investment Services and Activities and Regulated Markets Law of 2017 and related EU rules. Consequently, CySEC emphasized that firms operating under its supervision must maintain robust internal controls and transparent client practices at all times.

Wonderinterest Trading Ltd operates several CFD brokerage brands, including Investago and Zetano, and primarily targets clients across Eastern European markets such as Slovakia, Czechia, and Hungary. During the reviewed period, CySEC determined that the company failed to meet key authorization conditions and conduct standards, which ultimately affected client protection and market integrity. As a result, the regulator proceeded with a structured fine based on the nature and gravity of the violations. 

CySEC Fines Wonderinterest Trading €100,000 for Violations

CySEC imposed a €50,000 penalty after finding that the company did not maintain adequate policies and procedures to ensure continuous compliance with legal obligations. In particular, the regulator noted that Wonderinterest Trading Ltd failed to clearly define target markets for its financial instruments and did not properly assess risks relevant to those clients. Moreover, CySEC stated that these gaps weakened the firm’s product governance framework and increased exposure for end clients. 

In addition, CySEC levied a €30,000 fine for breaches related to client treatment. The regulator concluded that the company did not always act honestly, fairly, and professionally when delivering investment services, which runs contrary to the principle of serving clients’ best interests. Furthermore, CySEC added a €20,000 fine after identifying deficiencies in client communications, as marketing and informational materials did not consistently remain fair, clear, and non-misleading. When determining the total fine, CySEC explained that it considered several factors, including the importance of full compliance with regulatory requirements and the implementation of effective internal policies. 

The regulator also highlighted the critical role of transparent information in enabling informed investment decisions and strengthening investor confidence. Additionally, CySEC stressed that firms must distribute financial instruments strictly within clearly identified target markets and only after assessing all relevant risks. Ultimately, CySEC concluded that the company, during the period in question, “did not sufficiently safeguard the interests of its clients,” justifying the enforcement action.

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