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

Adrian Matusiak (adrianmatusiaks)
Oct 03 2020 at 05:14
5 inlägg
I often see the traders recommending Cysec regulated firms and brokers. Does that actually help in case of insolvency with brokers.

Keaton Richards (keatonrichard)
Oct 03 2020 at 05:31
30 inlägg
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!

Jeannette Bishop (jeannettebishop)
Oct 03 2020 at 06:13
14 inlägg
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.

Gracewilson1995
Oct 03 2020 at 07:58
147 inlägg
Yes, Cysec reagulated brokers are more reliable if we look at the side of fund security

Russel Gutierrez (russellgutierrez)
Oct 03 2020 at 08:33
56 inlägg
User of Fxview so I know it is regulated as well.

But better to see the stats on the official cysec gov website.
https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/81661/

Bilagor:


caringloriana
Oct 03 2020 at 09:53
26 inlägg
FYI...The ICF compensates clients up to €20,000 if a broker is rendered insolvent. So all you people insecure with your money yet wanting to trade in the high risk biz of trading, this one’s for you.

Elena Triston (ele020)
Oct 03 2020 at 10:02
219 inlägg
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.
Willemcurtis
Oct 06 2020 at 09:21
26 inlägg
I believe Cysec follows MiFID guidelines, which if I’m not wrong further checks if the brokers are following Cysec’s financial guidelines or not.

GeorgeBischof
Oct 06 2020 at 12:00
318 inlägg
I think it is reliable. I always follow their updates.

Anoxiare
Oct 07 2020 at 06:52
22 inlägg
Why just stop at cysec, I would check for other licenses too - ACPR, FCA, etc. ?

Freddraven
Oct 07 2020 at 09:15
26 inlägg
Johnathankim
Oct 12 2020 at 04:20
29 inlägg
Nowdays, trading with IG! Looking to open an account with another trading broker. @russellgutierrez How's your experience with Fxview for executions & withdrawals?

LyudmilLukanov
Oct 29 2020 at 16:42
795 inlägg
Anoxiare posted:
Why just stop at cysec, I would check for other licenses too - ACPR, FCA, etc. ?

It depends on what country you are in. Cysec is the major regulator in Cyprus and FCA in UK.

Jeannette Bishop (jeannettebishop)
Nov 04 2020 at 04:52
14 inlägg
I don’t feel Fxview can be compared to established brand like IG

Russel Gutierrez (russellgutierrez)
Nov 04 2020 at 08:11
56 inlägg
Though I know the spreads for IG are competitive around 0.6 pips, but for Fxview they are even better.
Can see the brand in top 3 atleast for EURUSD:
https://www.myfxbook.com/forex-broker-spreads
@Johnathankim: It didn’t take me more than 2 days for withdrawals and only once or twice 3 days. Weekends are not applicable.

Jeannette Bishop (jeannettebishop)
Nov 04 2020 at 09:12
14 inlägg
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.

Russel Gutierrez (russellgutierrez)
Nov 05 2020 at 04:00
56 inlägg
You’re so spot on about IG’s worldwide presence. Still waiting for them to open up with MT5 and Acttrader (something that Fxview already has)

Johnathankim
Nov 05 2020 at 05:25
29 inlägg
Maxwelljoe
Nov 06 2020 at 04:15
29 inlägg
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.

Keaton Richards (keatonrichard)
Nov 06 2020 at 05:11
30 inlägg
right on, also keeps a check on bonus qualifications

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