Cysec regulated forex brokers

Therefore, there is no chance of using your money by the broker for other purpose. It means if somehow broker lose the regulation or somehow want to abuse your money, they have no way to do so. Furthermore, brokers need to submit regular financial activities to confirm the daily trade transparency.

They are also remain under strict supervision and for any misbehave or dishonesty CySEC has the full right to cancel their license also. So to become regulated by this institution, try to have a handsome capital. Maintain regular financial statement even after getting approval from CySEC.

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Otherwise, anytime your membership can be taken from you. Try not to take part in unethical practice because for these kinds of issues you can be banned from the market permanently. Conclusion CySEC may not be a globally powerful regulatory body. Show More. Open Account Overview. The data on the website includes general news, and publications, promotional offer, reviews, our analysis and opinions, and contents provided by third parties, which are intended for informational, educational and research purposes only.

The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. But it is not so easy to get a CySEC license.

Introduction to Forex Regulations

The main difficulty is that this regulator makes strict demands on its applicants and it is a real challenge to meet them all. To begin with, a potential applicant must operate in the market for at least three years. The applicant also must be able to pay an initial membership fee and an annual fee to support the activities of the regulator. As for technical support, the applicant must have a high-quality trading platform, a certain number of registered trading accounts and be able to provide its customers with everything necessary for comfortable work.

Perhaps the most important requirement of CySEC is the mandatory presence of a representative office in Cyprus. If the broker, for some reason, does not want or cannot register a physical office in Cyprus, then licensure by the Cyprus regulator will be declined. Every year, all licensed firms are checked for compliance with the requirements, and the regulator issues fines for certain violations.

Note that the amount of fines is quite large. For a minor violation, the regulatory body may fine the violator euros. In some cases, the regulator may even revoke the license and shut down the company. Often, licensure can become an additional advertising tool for a broker that focuses on online trading. This information is usually indicated on the website with the certificate number and date of issue. It is advisable to additionally confirm this data on the official website of the regulator.

To check the license of any financial institution that claims to be CySEC-regulated, just go to this page , where you can search by license number. Do not be surprised if under the number indicated on the broker's website you find an unknown company name. The regulator shows the legal name of the company and not the broker's trading name.

You can find out the legal name of the broker in the support service or on the broker's official website. Many reviews on the Internet contain misleading information about brokerage companies. We invest our personal involvement in verifying all trading conditions to avoid publishing false information on our website. We focus on honest, objective, and consistent broker information.

Cyprus Securities Exchange Commission

In our materials, we recommend only reputable brokers who actually provide licensed services. A CySEC license gives many advantages to a brokerage company and its clients. It also confirms that the broker operates legally. Every year, all licensed firms are checked for compliance with the requirements, and in the case of certain violations, are fined.

Leverage: HQ: Cyprus. Platforms: MT4, MT5. FXTM offers their clients convenience by means of separate accounts for Forex trading and Invest Accounts in the form of 6 account types. FXTM Shares Account is specifically designed for traders who prefer trading on stocks over US shared, allowed hedging and as spreads as low as 0.

Web trading software is a great option for beginners and regular size traders alike, as the platform is accessible from the browser, and does not require any installation, is easy to save and to navigated. If a trader requires more tools along with powerful customization, they can choose the Desktop version. All necessary tools are included in the package, from risk management to analysis. The design is clear and customizable. FXTM offers a quality trading platform for both beginners and experienced traders or investors. Trading with ForexTime carries many other advantages including the account variety is very impressive.

Pepperstone Limited is an online forex and CFD broker which providers traders with low-cost pricing across all forex, CFDs and commodities. Pepperstone offers a range of online trading platforms which include:. Recently, Pepperstone has made the announcement that they will in future also be offering the MetaTrader 5 MT5 platform. Pepperstone also offers traders over different instruments to trade, including over 61 currency pairs.

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The FP Markets was established in and serves over 12, clients across the globe. FP Markets is marked safe as it is an established Australian broker. In addition, the platform offers one click trading, algorithmic rules, indicators, also newly launched Autochartist which allows traders to participate with comprehensive trading capabilities.

FP Markets is among the most awarded CFD and FX trading providers in the world and establishes a direct access to markets through sophisticated technology which provides a wide range of instruments to trade and competitive pricing. HQ: Cyprus , Australia, Belize. XM operates with clients from over countries and offers support in 30 languages. You may be a new or professional trader so XM made an ideal choice between account types to suit your trading potential, also with a potential capability to magnify your income with a correct selection of the account type.

You may open an account following simple steps of verification and submit through a fully digital process simple to navigate. If you are new to trading a demo accoun t is another useful tool to test trading potential which XM is offering for free use. As for the account base currencies, traders can select the base currency of their preference from a large selection on offer. The most popular industry platforms MT4 and MT5 are available. Accounts are directly accessible and all platforms are integrated with a full site of technical analysis, indicators and comprehensive tools, stop or trailing orders.

Because XM uses MT4 or its newer version MT5 traders are able to use its powerful capabilities along with automated trading or the trading robots.

XM is a well-regulated broker which offers truly transparent conditions and is extremely customer friendly. Plus Ltd is based in Israel. Plus is one of the leading providers of Contracts for Difference CFDs , delivering trading facilities on shares, forex, commodities, ETFs , options and indices, partnered with a range of trading technology.

Plus offers over different CFD instruments to trade. Plus offer traders a user-friendly custom trading platform. XTB is a European broker which was founded in , and has offices in 13 countries across the globe.

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