For full information on the services and instruments eToro Europe is licensed to provide please click for Ancillary Services and Investment Services .
The relatively easy CySEC regulations provided scam Forex brokers to make false regulatory claims and trick unsuspecting users. Current CySEC regulations state that all Forex brokers are required to quote the five digit CySEC license number prominently on their website. Consumers are also encouraged to verify the authenticity of a Forex broker by confirming the license information through the official CySEC website.
CySEC frequently updates its circulars and warning notices to inform the public about members that have been fined or have their licenses revoked for any financial wrongdoings. In case the consumers are confused about the status of any particular company, they can directly contact the CySEC to get more information.
The Markets in Financial Instruments Directive (MiFID) 2004/39/EC which came into effect on 1st November 2007, is a European Union law that provides harmonized regulation for investment services across the 31 member states of the European Economic Area. The main objective of the European Union’s MiFID is to harmonize the governing of financial markets within the European Economic Area (EEA), and therefore to increase efficiency, improve financial transparency and consumer protection in investment services. MiFID allows an investment firm to freely provide its services both across the EEA and to other countries, provided that such services are covered by the investment firm’s authorization.
The ICF is CySEC’s answer to the investor compensation program that protects traders from any event of broker liquidation without any prior notice. If a broker ends up going bankrupt of if a company decides to shut down its services for any reason, traders can claim for compensation to recover a part of their trading capital. The amount compensated by the ICF is limited to a maximum of €20,000, which is not as huge as the compensation provided by other regulatory agencies. Nevertheless, CySEC does offer this option to enhance trust and confidence among traders while trading with CySEC regulated brokers.
Colmex Pro is governed by MiFID, Markets in Financial Instruments Directive, gives us a passport across the European Union states to offer our high quality brokerage/investment services, and essentially provides a cross-border regulatory environment for investment firms active within the European Economic Area (EEA ).
Risk Warning : Trading CFDs, which are leveraged products, carries a high level of risk and can result in the loss of all of your investment. It's a good practice to never invest more than you are willing to part with. Before deciding to trade, please ensure you understand all the risks associated with the OTC CFDs trading and take into account your level of experience. Therefore, Trading Forex and CFDs is a difficult to understand product and may not be suitable for all investors. Please seek independent advice if necessary. Past performance of CFDs is not a reliable indicator of future results. Please read the full Risk Disclosure .
Finally, EasyMarkets isn’t available in the following countries: US.
A Comparison of EasyMarkets vs. vs. ATFX Global Markets
Want to see how EasyMarkets stacks up against and ATFX Global Markets? We’ve compared their spreads, features, and key information below.
The CySEC is the financial regulatory authority in the Republic of Cyprus. CySEC oversees the local securities market and ensures compliance with CySEC regulations to keep the markets efficient, fair and transparent. As part of the European MiFID (Markets in Financial Instruments Directive) regulation, a CySEC license also enables trading in all EU countries.
Opteck Review Opteck appear to have their own method with which to scam their clients which involves a Belize regulator. Do not trust this lot. On the ‘About Us’ page there is mention of and a Belize regulatory license. There is no doubt that holds a regulatory license from CySEC so I have […]
Orbex is licensed by CySEC, and they offer a nice selection of auto trading software, see here . They are also popular because of their tight spreads, look here .
The investigation for which the settlement was reached evaluated the compliance of the brokerage with Article 28(1) of the Law and article 36(1), (1)(a), (1)(b) and (1)(d) of the Law. The article Article 28(1) of the Law implies a CIF has to adhere to the conditions under which the company obtained authorization. The Article to 36(1) refers to the conduct of business obligations when a firm provides investment and ancillary services.
The members of Board are named by the Council of Ministers following a proposal of the Minister of Finance and their service is a five-year term with the exception of the service of the Vice-Chairman and two from the other members that are named for first time, which is four-year and three-year respectively so as to ensure the continuity in the composition of the Commission. The service for all the members is renewable for five additional years.
Here at Is-Scam, our goal is to help everyone interested in online trading make informed decisions when choosing a broker. We research brokers to see whether they are legitimate brokerage companies or if they are simply scam.
CySEC is administrated by a five-member Board which is composed of the Chairman and the Vice-Chairman, that are employed full-time, plus three other members. In addition the Governor of the Central Bank of Cyprus is represented by a non voting board member. The members of Board are named by the Council of Ministers following a proposal of the Minister of Finance and their service is a five-year term.  
For instance, many leading binary options brokers are situated in offshore tax havens , such as Cyprus (CySEC). This characteristic alone is quite a concern when taking into consideration the delicate state of the economic and financial structures of that small country.
- A CySEC license is recognized by EU countries (Cyprus is member of the EU)
- Currently, Cyprus is the leading jurisdiction for Forex regulations
- Respectable license
- Fast and easy procedure
- Affordable to obtain and maintain
- Allows the players/investors to complain directly to CySEC
- Minimum Initial Capital Requirement – EUR 125,000
provides a simple and easy way to find information about brokers at the Forex industry. Through our regularly updated forex brokers list , you can find the best online forex brokers which suits your trading style. You can find important features and useful information, like maximum leverage, minimum deposit, regulation , broker type , payment methods , spread types .
CySEC is administered by a board consisting of five members, composed of a Chairman, a Vice Chairman and three other members, which serve on the board for a term of five years. The Governor of the Central Bank of Cyprus is represented by a non-voting board member.