Is Cysec regulation/authority reliable in terms of financial distress?
78678676
Mitglied seit Oct 16, 2020
17 Beiträge
Nov 06 2020 at 06:02
Cysec regulation is indeed reliable when it comes to your funds. The ICF is an extra layer of protection. You can approach the regulation if you feel the need of it.
caringloriana
Mitglied seit Jun 23, 2020
10 Beiträge
Nov 06 2020 at 07:25
bonuses are just a trap to attract more traders. Be careful with the broker who provides that. Gone through a lot of scam stories.
Anoxiare
Mitglied seit Jun 25, 2020
6 Beiträge
Nov 07 2020 at 06:13
Also note Cysec only works if you fall under the jurisdiction of Europe. I see the point in having a Cysec regulated broker but should also have in view the other authorities, take CFTC agency for US.
Keaton Richards
(keatonrichard)
Mitglied seit Jun 03, 2020
11 Beiträge
Nov 07 2020 at 08:07
Anoxiare posted:
Also note Cysec only works if you fall under the jurisdiction of Europe. I see the point in having a Cysec regulated broker but should also have in view the other authorities, take CFTC agency for US.
atleast better than having no regulations at all.
Gracewilson1995
Mitglied seit Jan 11, 2019
111 Beiträge
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.
Mathewshayden
Mitglied seit Oct 23, 2020
28 Beiträge
Nov 07 2020 at 08:28
Cysec recently added Regtech to verify identities and was earlier coined by FCA.
Freddraven
Mitglied seit Jun 29, 2020
6 Beiträge
Nov 07 2020 at 09:24
Yeah, I also read the article lately
LyudmilLukanov
Mitglied seit Jul 23, 2020
199 Beiträge
Nov 18 2020 at 13:21
Mathewshayden posted:
Cysec recently added Regtech to verify identities and was earlier coined by FCA.
I think that's good. Cysec is stepping up into their game to safeguard investors from scam.
Adrian Matusiak
(adrianmatusiaks)
Mitglied seit Jun 11, 2020
5 Beiträge
Nov 19 2020 at 13:35
LyudmilLukanov posted:Mathewshayden posted:
Cysec recently added Regtech to verify identities and was earlier coined by FCA.
I think that's good. Cysec is stepping up into their game to safeguard investors from scam.
that's one of the reasons I have always shown faith in certain regulatory bodies. Forex is surely a risky business but from our end we can still try and safeguard ourselves. Till date I keep hearing scam stories despite such binding laws, it's only up to us traders to stop using unregulated brokers.