Regency Asset Management (Cyprus) Ltd Deposit & Withdrawal

Regency Asset Management (Cyprus) Ltd is not a retail forex broker in the conventional sense. The firm holds a Cyprus Investment Firm (CIF) licence from the Cyprus Securities and Exchange Commission (CySEC) under number 089/08 and has been authorised since 2008. Its website makes clear that the core service is portfolio management, with ancillary safekeeping and administration of financial instruments. This matters enormously for a funding review: clients are not simply topping up a trading account with a debit card or e-wallet. Instead, they are likely entering into a discretionary management agreement, and their assets will be held with a regulated custodian.

The known facts in our records confirm CySEC authorisation, but also flag a risk: the firm has no verifiable independent user reviews, and its digital footprint is minimal. While this does not automatically signal danger, it means that funding—depositing and withdrawing—will operate inside a relatively opaque, relationship-driven framework rather than a fast, self-service portal. We must therefore treat the funding process as one would a traditional private-banking or investment-management relationship: formal, document-heavy, and reliant on standard anti-money-laundering (AML) checks.

Before any money changes hands, you will be required to complete an extensive account-opening package. The firm’s website lists several downloadable forms: a Client Account and Categorization Form, a Client Documentation Checklist, a Client Registration Questionnaire, an Investment Questionnaire, and a Portfolio Management Mandate. None of these are simple online fields; they suggest a formal onboarding process consistent with a MiFID II framework.

In practice, this means you will likely need to supply certified copies of identification documents, a utility bill or bank statement as proof of address, and possibly a detailed statement of your financial situation and investment objectives. The firm’s own procedure page explicitly states that it uses a ‘Client Acceptance Policy’ based on factors including country of origin, source of funds, and anticipated level of business. For a potential client, this is both a burden and a safeguard: a regulated CIF cannot open an account without performing these checks, and that due diligence extends to the origin of the funds you intend to deposit.

From a funding standpoint, the hardest part is often getting through this initial stage. Because there is no online dashboard, you should expect communication by email or phone with a relationship manager. Keep copies of every document you submit and every confirmation you receive. If the firm later raises questions about a withdrawal, that paper trail will be essential.

Regency Asset Management does not publish a list of deposit methods, minimum amounts, or processing times. There is no ‘Fund Your Account’ button on its website. That silence tells us something important: this is not a mass-market offering. Based on the firm’s public contacts—which include Citibank Moscow as its custodian—we can reasonably infer that deposits are made via wire transfer, possibly to a segregated client account held at that custodian or another bank.

Bank wires are the norm for discretionary portfolio management services in Europe. Typically, the firm provides you with its bank details, and you instruct your own bank to send the funds, quoting a reference that ties the transfer to your client agreement. Because international wires involve intermediary banks, the total time for a deposit to be credited can range from one to five business days. There may also be correspondent-bank fees that are outside the firm’s control.

What you will not find here are instant credit-card deposits, popular e-wallets, or cryptocurrency funding. The CySEC CIF licence certainly permits a range of services, but the firm’s stated business is institutional and high-net-worth portfolio management, where lump-sum bank transfers are standard. If you are considering this firm, you should budget for a deliberate, multi-step process and confirm the receiving bank details directly with a verified company representative—never rely solely on an email, which could be spoofed in a business-email compromise attack.

Our research turned up no published fee schedule for deposits, maintenance, or withdrawals. The website’s ‘Post Trade Disclosures’ and ‘F/Instruments and Risks’ pages are generic placeholders, not living documents with current fee tables. This is not unusual for a bespoke portfolio manager; fees are often negotiated individually and set out in the investment management agreement or mandate. However, it also means you must obtain a clear, written fee structure before committing a single euro.

When reviewing the mandate, look specifically for custody fees (Citibank Moscow will charge for safekeeping), management fees (often a percentage of assets under management), and any transaction costs passed through from executing brokers. The CySEC Investors Compensation Fund (ICF) covers eligible retail clients up to €20,000 in the event the firm fails, but it does not cover poor investment performance or custody fees that erode your capital. If the firm classifies you as a professional client, your ICF coverage may be limited or absent.

Because there are no external reviews, we cannot benchmark the minimum deposit. In comparable Cypriot discretionary managers, initial portfolio sizes typically start at €100,000 or more. You should ask explicitly: what is the minimum accepted investment, and are there any ongoing liquidity requirements or lock-up periods? If the answer is vague or comes only verbally, press for an email confirmation that you can archive.

Withdrawal procedures are the great unknown at any firm with no user track record. The regulator’s public register lists Regency Asset Management as ‘Authorised’, with no record of licence suspension. That is reassuring but tells you nothing about how quickly a client can get money back. In a traditional portfolio management relationship, you typically submit a written redemption request—perhaps by email or a signed form—and the manager liquidates enough of your portfolio to meet the request. Settlement then depends on the underlying instruments: liquid equities might settle in two days, while less liquid bonds or structured products could take longer.

The involvement of a custodian (Citibank Moscow) adds another layer. Once your instruction is processed, the custodian must release the funds. International sanctions, banking holidays, and compliance checks can introduce delays that are not the fault of the manager but that nonetheless affect you.

As a prudent measure, we advise all investors dealing with a low-visibility firm to make a small, early withdrawal—even if you do not need the cash—purely to validate that the process works. Try withdrawing, say, 10% of your deposited amount after a few months. If the money arrives within a reasonable timeframe without excessive chasers, you have a baseline for future confidence.

Because Regency Asset Management is a Cypriot CIF, it is a member of the Investors Compensation Fund (ICF). If the firm becomes insolvent, the ICF covers claims of covered clients up to €20,000. That is a statutory benefit, but it is not a blanket protection. It does not protect you from investment losses, fraud, or malpractice unless the firm’s licence is revoked and it cannot return your assets.

More practically, your assets should be segregated from the firm’s own assets under CySEC rules. The fact that Regency has an external custodian—Citibank Moscow—is a strong structural protection: the firm itself does not hold your securities. However, sanctions and geopolitical risk involving Russia could affect custodial operations. You should verify, at least annually, that the custodian arrangement remains in place and that the account is held in your name (or a designated client omnibus account) rather than the firm’s own name.

If you ever suspect that your withdrawal is being unreasonably delayed, CySEC provides a complaints procedure. You can file a complaint directly with the regulator, which will investigate whether the CIF has breached its obligations. Because no independent review record exists, this external oversight is your primary assurance beyond the firm’s own word.

With no community reviews to lean on, your own habits become the first line of defence. Start by verifying that the bank account you are wiring money to is indeed in the name of the regulated entity, ideally held at a major recognised bank. Ask the firm to provide a recent bank statement or a letter from its compliance officer confirming the account details. If you get a last-minute change of bank details, stop and independently verify the new instructions—this is a classic sign of a payment-redirection scam.

Keep a detailed log: date and amount of each deposit, any confirmation emails, and the names of the staff you interact with. Take screenshots of the forms you submit and the acknowledgements you receive. When the firm eventually reports your portfolio value, reconcile it against your own deposit records. If something seems off, raise it immediately in writing.

Because wire transfers leave an unambiguous audit trail, they are actually safer than many instant methods for preserving evidence. The downside is the slower speed and potential bank fees. Factor those costs into your decision: if the promised returns are modest, high bank charges on small wires could eat into your net deposit significantly. Consider consolidating your investment into one larger transfer to minimise the proportional fee impact.

FXCanary’s review finds a firm that is genuinely regulated and has operated under the same licence since 2008, yet one that leaves virtually no independent footprint. For an investor, that means the funding experience will be slow, manual, and entirely relationship-dependent. There is no instant online access, no published fee schedule, and no crowd-sourced wisdom to consult.

We do not view this as a reason to automatically avoid the firm. Many legitimate private wealth managers operate in exactly this quiet, low-profile manner. However, the absence of verifiable withdrawal experiences means you must treat the first funding round as an experiment. Begin with a sum you could afford to have tied up for weeks or months. Test the firm’s responsiveness, transparency, and will to process a partial withdrawal before making a full commitment.

Ultimately, with Regency Asset Management (Cyprus) Ltd, your funding safety rests on the public regulatory framework, the custodian’s integrity, and your own meticulous record-keeping. Do not rely on the firm’s marketing or a polished website—there isn’t one. Instead, lean on the formal CySEC licence, demand written answers to every funding question, and never wire money that you aren’t prepared to chase through formal channels if the silence on the other end becomes uncomfortable.