Wikilix
Licence record

CySEC licence 388/20

Holder
RMS TRADE
Jurisdiction
Cyprus
Licence type
Investment Advisory License
Last checked
Aug 17, 2026

This is Wikilix's record of a licence issued by Cyprus Securities and Exchange Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Aug 17, 2026

Licence Verification Record

Cyprus Securities and Exchange Commission 388/20

Wikilix read the CySEC register on Aug 17, 2026. This is what it said.

Issuing authority
Cyprus Securities and Exchange Commission
Holder
Pepperstone Group Limited
Jurisdiction
Cyprus
Licence type
Investment Advisory License
Register status
Clone-firm claim, not held by this operator
Not found on register

Checked Aug 17, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/cyprus-securities-and-exchange-commission/rms-trade/388-20Fields on file 6 / 11

Open RMS TRADEAbout CySEC
Our check
Checked

What we checked

This licence is no longer in force, or the register did not carry it when we looked.

Wikilix check
Ended
Authority strength
Tier 2
Jurisdiction
Cyprus
Last checked
Aug 17, 2026
Register says
Clone-firm claim, not held by this operator

Finding

This Cypriot licence number belongs to an unrelated, genuinely authorised firm. WIKILIX found no evidence that the operator behind this brand holds any Cypriot authorisation.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
388/20
Licence type (Wikilix classification)
Investment Advisory License
Register status
Clone-firm claim, not held by this operator
The authority

About CySEC

Cyprus Securities and Exchange Commission is the authority that issued this licence, and the jurisdiction it applies in is Cyprus.

Full name
Cyprus Securities and Exchange Commission
Jurisdiction
Cyprus
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
2001
Oversight
A government or statutory body
Firms we track under it
216 firms
Regulates
Forex, Stocks, Options, Derivatives, Commodity, Securities, Futures, CFD
Licences it issues
CIF – Own Account / Matched Principal (CFDs)
Typical cost of a licence
€50000-100000
Public register
Searchable by the public
Transparency
High
Protection

What this licence protects

CySEC's own rules for the firms it authorises.

  • Compensation schemeUp to €20000 (ICF)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeCyprus Financial Ombudsman
  • Maximum leverage1:30
This licence is not in force, so these protections do not apply to it. They describe CySEC's regime for the firms it currently authorises.
The holder

Who holds this licence

The licence above is recorded against RMS TRADE. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Pepperstone Group Limited
Based in
Australia
Wikilix score
79.9the firm’s overall score, not a rating of this licence

Wikilix has flagged RMS TRADE as a suspected clone of another firm. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Pepperstone Group LimitedAustralia · Reg. ACN 147 055 703 · Oct 27, 2010
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences RMS TRADE holds

6 other licences are on record for RMS TRADE.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
Pepperstone Group Limited offers a wide range of regulated financial instruments including Forex, stocks, options, derivatives, commodities, futures, bonds, funds, securities, and CFDs. The exact instruments available may depend on the regulatory jurisdiction and account type.
Pepperstone Group Limited offers leverage up to 30:1 depending on the regulatory jurisdiction. For example, ASIC limits leverage to 28:1, FCA and CySEC allow up to 30:1, while the Dubai Financial Services Authority permits leverage up to 150:1. Leverage availability may vary by region and instrument.
RMS TRADE supports various funding methods including credit/debit cards, bank wire transfers, e-wallets like PayPal and Skrill, local payment methods such as POLi and MPESA, cryptocurrency (USDT on TRC20, ERC20, BEP20), and mobile payments like Apple Pay and Google Pay. Deposit processing is generally instant, while withdrawals may take 1 to 3 business days depending on the method.
Pepperstone Group Limited, operating as RMS TRADE, is regulated by several authorities including ASIC in Australia and FCA in the UK. These regulators are onshore and tier 1, providing high transparency and client fund segregation. However, there is no mandatory client fund insurance under ASIC, while FCA offers protection up to £85,000.
Licence 388/20 was issued by Cyprus Securities and Exchange Commission (CySEC), the financial authority for Cyprus.
RMS TRADE holds this CySEC licence. A licence on record means the authority published an entry; it is not an endorsement.
No. This licence is no longer in force, or the CySEC register did not carry it when we looked. It is kept on record because a closed registration is part of a firm’s history.
Wikilix rates CySEC tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
RMS TRADE has 6 other licences on record with Wikilix, across 6 jurisdictions. They are listed further down this page.
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