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Is Cysec regulation/authority reliable in terms of financial distress?
Anggota Sejak Jun 11, 2020
5 pos
Anggota Sejak Jun 03, 2020
30 pos
Oct 03, 2020 at 05:31
Anggota Sejak Jun 03, 2020
30 pos
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!
Anggota Sejak Jun 09, 2020
14 pos
Anggota Sejak Jan 11, 2019
147 pos
Oct 03, 2020 at 10:02
Anggota Sejak Apr 15, 2020
219 pos
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.
Anggota Sejak Jul 19, 2020
318 pos
Anggota Sejak Jun 09, 2020
14 pos
Anggota Sejak Jun 09, 2020
14 pos
Nov 04, 2020 at 09:12
Anggota Sejak Jun 09, 2020
14 pos
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.
Anggota Sejak Oct 08, 2020
29 pos
Anggota Sejak Jun 03, 2020
30 pos
Anggota Sejak Jan 11, 2019
147 pos
Anggota Sejak Oct 08, 2020
25 pos
Anggota Sejak Mar 16, 2020
54 pos
Anggota Sejak Jun 11, 2020
5 pos
Nov 23, 2020 at 13:35
Anggota Sejak Jun 11, 2020
5 pos
Amber_0302 posted: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.
I think the cysec regulated brokers are reliable in terms of security of the funds.
Anggota Sejak Jul 20, 2020
232 pos
Anggota Sejak Nov 05, 2020
23 pos
Anggota Sejak Feb 11, 2020
12 pos
Dec 08, 2020 at 13:14
Anggota Sejak Feb 11, 2020
12 pos
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.
Anggota Sejak Jun 11, 2020
5 pos
Dec 10, 2020 at 06:09
Anggota Sejak Apr 18, 2020
54 pos
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.
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