The Cyprus Securities and Exchange Commission (‘CySEC’) has imposed a total fine of €130.000 to the owner of InstaForex and ForexMart forex brokers, Instant Trading EU Ltd, for non-compliance with the applicable laws. More specifically, the Company has failed to comply with certain provisions of the Investment Services and Activities and Regulated Markets Law regarding the use of leverage, the granting of bonuses to clients, and ensuring negative balance protection. For this non-compliance, the owner of InstaForex and ForexMart is fined with €90.000.