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Is Cysec regulation/authority reliable in terms of financial distress?

yana hansen (78678676)
Nov 06 2020 at 06:02
137 投稿
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
Nov 06 2020 at 07:25
26 投稿
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
Nov 07 2020 at 06:13
22 投稿
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)
Nov 07 2020 at 08:07
30 投稿
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
Nov 07 2020 at 08:08
147 投稿
indeed the regulations are reliable. Cysec is one of them. But do make sure to check the firm on their website.
Mathewshayden
Nov 07 2020 at 08:28
41 投稿
Cysec recently added Regtech to verify identities and was earlier coined by FCA.
Freddraven
Nov 07 2020 at 09:24
26 投稿
Yeah, I also read the article lately
LyudmilLukanov
Nov 18 2020 at 13:21
796 投稿
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)
Nov 19 2020 at 13:35
5 投稿
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.
Rosstaylorr
Nov 20 2020 at 06:36
25 投稿
I like to trade with offshore brokers for the number of benefits they offer in comparison to local brokers.
Amber_0302
Nov 21 2020 at 06:59
54 投稿
I think the cysec regulated brokers are reliable in terms of security of the funds.
Adrian Matusiak (adrianmatusiaks)
Nov 23 2020 at 13:35
5 投稿
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.
EbonyJones
Nov 23 2020 at 20:56
232 投稿
Yes. They are very reliable. You can research the regulated brokers from Cysec and use them in their trading.
Christopher332
Nov 30 2020 at 09:50
23 投稿
It’s advised to go for CySEC regulated brokers. But that doesn’t mean only they are good brokers.
Johannes (Johannes92563)
Dec 08 2020 at 13:14
12 投稿
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.
Adrian Matusiak (adrianmatusiaks)
Dec 09 2020 at 10:40
5 投稿
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.
Brick_56
Dec 10 2020 at 06:09
41 投稿
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.
Adrian Matusiak (adrianmatusiaks)
Dec 10 2020 at 08:07
5 投稿
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.
Johnathankim
Dec 24 2020 at 05:11
29 投稿
Yes. whatever is regulated will be safe most of the time. This is one benefit we get from regulation. Don’t you worry.
Gracewilson1995
Dec 24 2020 at 10:09
147 投稿
Yes it is very much reliable. You can trust this regulatory authority.
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