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ARTICLE · 27 JUNE 2022

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Maybe you have created a great algorithm that is beating the indexes consistently and you want to get funding from investors. That is great but there is a little or rather a very big problem!

CyprusFinance and Banking
Kyriakos Tramountanellis
Kyriakos Tramountanellis
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Maybe you have created a great algorithm that is beating the indexes consistently and you want to get funding from investors. That is great but there is a little or rather a very big problem!

Within the EU, you can not trade with other people's money. It is illegal.

If you are currently investing other people's money and you are not licensed, please stop it immediately. If for some reason you are currently tricking your bank by providing false information to receive money from investors, rest assured that you are misrepresenting your activities to the bank and effectively the owner of the account which is a criminal offense. In other words, if you are using other people's money in your bank account to trade you are committing a crime.

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