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Is Cysec regulation/authority reliable in terms of financial distress?
Mitglied seit Jun 11, 2020
4 Posts
Dec 10, 2020 at 08:07
Brick_56 posted:
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.
I am looking for a platform that is easy to use and does not charge any hidden fees. Of course low coomissions would be a plus. Any recommendations from your list? TIA.
Mitglied seit Jan 11, 2019
140 Posts
Dec 24, 2020 at 10:09
Yes it is very much reliable. You can trust this regulatory authority.
Dec 24, 2020 at 12:39
adrianmatusiaks posted:Brick_56 posted:
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.
I am looking for a platform that is easy to use and does not charge any hidden fees. Of course low coomissions would be a plus. Any recommendations from your list? TIA.
If you're around EU then fxview, if ASIC is your suit then pepperstone is good. For trading platforms they have metatrader like most of the forex brokers, so you can go either for mt4 or mt5 whatever you like, metatrader is quite easy to use.
Mitglied seit Jul 23, 2020
696 Posts
May 08, 2021 at 17:07
Cysec is one of the most popular regulators in the market. It is good to choose a broker regulated by this regulator.
Mitglied seit May 27, 2021
63 Posts
May 28, 2021 at 07:37
The CySEC license is one of the most significant. People can rely on the brokers regulated by CySEC because it guarantees protection and safety for investors and traders. The regulator monitors brokerage companies’ actions and transactions to ensure that they comply with the directives of the legal and regulatory framework.
Mitglied seit Sep 12, 2017
232 Posts
May 28, 2021 at 17:08
it is one of the most reliable regulations. There are brokers offering ICF where funds are covered even if the companies goes bankrupt
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