Abstract：D Prime, the brokerage arm of Doo Group, is closing its Limassol office after layoffs, as the firm realigns operations and faces regulatory scrutiny.
Doo Group Confirms Limassol Office Closure
D Prime, the retail and institutional brokerage arm of Doo Group, is preparing to vacate one of its two Limassol offices following a wave of staff reductions. Employees were reportedly informed that the premises would be closed within two weeks.
The company confirmed the move, stating that the decision is part of a broader restructuring effort. “Doo Group is realigning its operational structure,” a spokesperson told the outlet, underscoring that the changes are linked to its global growth strategy.
The closure follows the dismissal of the brokers Cyprus-based marketing department last month, with additional layoffs now extending to other teams.
Strategic Shift After Cyprus License Approval
The restructuring comes less than a year after Doo Group secured a Cyprus Investment Firm (CIF) license, which was granted in September and publicly announced in November. The license allows the broker to provide derivative products, including contracts for difference (CFDs), across the European market.
D Prime itself was only recently rebranded from Doo Prime, signaling the groups intent to strengthen its European presence. Despite the office closure, the company maintains multiple regulatory approvals worldwide, including in the United States, the United Kingdom, Australia, Hong Kong, Malaysia, and Indonesia.
In its statement, Doo Group emphasized that the realignment is designed to “enhance efficiency and concentrate resources within key strategic regions,” while expressing gratitude to employees affected by the transition.
Malaysian Authorities Inspect Doo Group Operations
Separately, Doo Group confirmed that its Malaysian office was recently inspected by local authorities. The visit formed part of a nationwide campaign targeting illegal call centres and unlicensed operations.
The broker stressed that its activities remain fully compliant and that it is cooperating with regulators by providing all requested documentation. The firm highlighted that governance and accountability remain central to its business model, noting that its internal standards are designed to address regulatory matters swiftly.
About Doo Group
Doo Group is a global financial services provider offering multi-asset trading solutions to retail and institutional clients. The company operates under multiple licenses across key financial jurisdictions, with a focus on compliance, technology, and client service.
