Is Cysec regulation/authority reliable in terms of financial distress?
Mitglied seit Jun 11, 2020
4 Posts
Oct 03, 2020 at 05:14
(bearbeitet Oct 03, 2020 at 05:17)
I often see the traders recommending Cysec regulated firms and brokers. Does that actually help in case of insolvency with brokers.
Mitglied seit Jun 03, 2020
15 Posts
Oct 03, 2020 at 05:31
Best thing about regulations - the safety net! Feel relieved that I have somewhere to approach if need be. I never ever take a chance with my investments, going to any hillbilly broker. Stick to CySec regulated brokers as I know they can be approached if you feel wronged. However it’s best to contact the broker first - protocol!
Mitglied seit Jun 09, 2020
14 Posts
Oct 03, 2020 at 06:13
I second your opinion, there’s a degree of control with the trader. But I guess the topic itself is overstated. Haven’t faced any issues since last 2 years with my brokers (IG, XTB) who are regulated by Cysec.
Mitglied seit Jan 11, 2019
140 Posts
Oct 03, 2020 at 07:58
Yes, Cysec reagulated brokers are more reliable if we look at the side of fund security
Oct 03, 2020 at 10:02
Yes, off course without a doubt CySec regulated brokers are the best choice. When any broker is under the surveillance of regulation, the interest of the trader is automatically protected. Your funds are secured, no trade manipulation is possible and you get a superior power to take your complaints if the broker does something against your will.
The more your practice, the more you learn.
Mitglied seit Jul 19, 2020
283 Posts
Oct 06, 2020 at 12:00
I think it is reliable. I always follow their updates.
Mitglied seit Jun 09, 2020
14 Posts
Nov 04, 2020 at 04:52
I don’t feel Fxview can be compared to established brand like IG
Mitglied seit Jun 09, 2020
14 Posts
Nov 04, 2020 at 09:12
Yeah, that is, thanks for including. IG is heavy on their offerings too - be it forex, indices, shares, commodities, cryptocurrencies, bonds, ETFs, options. It has a noticeable global footprint which is another plus. Speeds are lightning for paypal transactions too.
Mitglied seit Oct 08, 2020
22 Posts
Nov 06, 2020 at 04:15
(bearbeitet Nov 06, 2020 at 04:15)
likewise, cysec even limits the leverage and capital requirements. Any broker failing to meet these, would receive fine notifications at their premises and in worst cases, license can be suspended.
Mitglied seit Jun 03, 2020
15 Posts
Nov 06, 2020 at 05:11
right on, also keeps a check on bonus qualifications
Mitglied seit Jan 11, 2019
140 Posts
Nov 07, 2020 at 08:08
indeed the regulations are reliable. Cysec is one of them. But do make sure to check the firm on their website.
Mitglied seit Oct 08, 2020
17 Posts
Nov 20, 2020 at 06:36
I like to trade with offshore brokers for the number of benefits they offer in comparison to local brokers.
Mitglied seit Mar 16, 2020
54 Posts
Nov 21, 2020 at 06:59
I think the cysec regulated brokers are reliable in terms of security of the funds.
Mitglied seit Jun 11, 2020
4 Posts
Nov 23, 2020 at 13:35
Amber_0302 posted:
I think the cysec regulated brokers are reliable in terms of security of the funds.
I too think so. Although trading in itself in never risk-free but at least by using a highly regulated broker one can be a little bit certain on the safety part.
Mitglied seit Jul 20, 2020
172 Posts
Nov 23, 2020 at 20:56
Yes. They are very reliable. You can research the regulated brokers from Cysec and use them in their trading.
Mitglied seit Nov 05, 2020
16 Posts
Nov 30, 2020 at 09:50
It’s advised to go for CySEC regulated brokers. But that doesn’t mean only they are good brokers.
Mitglied seit Feb 11, 2020
11 Posts
Dec 08, 2020 at 13:14
I will personally express my opinion that broker regulation is a purely speculative phenomenon. Namely, the method of making money with brokers. In essence, this means that the broker pays a lot of money to some authority that issues a certificate that the broker is regulated. Essentially, it doesn't change anything. Broker qualities are important in other aspects.
Mitglied seit Jun 11, 2020
4 Posts
Dec 09, 2020 at 10:40
I don't know how true it is, but I believe a disgruntled trader can approach these financial authorities if a broker under it plays foul. If that's true, then there's a reason to have some faith in regulated brokers.
Dec 10, 2020 at 06:09
No doubt Cysec license is good but it doesn’t mean all cysec regulated brokers are good. You’ll need to test if their trading conditions fit your range. Plus, normally known brokers have multiple licenses, commonly in hand with FCA for UK or ASIC for Australia. My advice is to select some brokers of your choice, test with the list of your checklist and decide to proportionate the accounts with brokers. I’ve also diversified my funds with pepperstone, hfx, IG and fxview. Just give your efforts and you’ll be good to go.
