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FCA regulated or other reputably regulated Broker with 1:500 0 replies
MIFID Regulated Brokers 4 replies
Any Reputable Licensed/Regulated Brokers w/ 1:500 Margins 0 replies
Effects of Cyprus bailout deal on Cyprus-based Brokers 76 replies
Important Details For Major Regulated Forex Brokers 2 replies
DislikedCyprus is a popular country for forex brokers (I don't know why), and thus there are many CySEC-regulated brokers. They gain the fact that Cyprus is part of EU, and then, they are regulated at EU level. Is CySEC as reliable as FCA? Cyprus is a country in which banks bankrupts, then how much regulatory protection is reliable? There are some good brokers (services and specifications based in Cyprus, and it is not easy to ignore them, but Cyprus-based fact makes it a little bit shaky.Ignored
DislikedCyprus is an offshore zone and that usually means that brokers get licensed more easily there. But just because it's an offshore zone doesn't mean they don't have rules and regulations. Even Belize recently increased their capital requirements for a forex broker license and Cyprus' requirements are even higher than that, as far as I know. Still, if I had a choice (and thankfully I do) between working with a broker licensed in an...Ignored
DislikedCyprus is a popular country for forex brokers (I don't know why), and thus there are many CySEC-regulated brokers. They gain the fact that Cyprus is part of EU, and then, they are regulated at EU level. Is CySEC as reliable as FCA? Cyprus is a country in which banks bankrupts, then how much regulatory protection is reliable? There are some good brokers (services and specifications based in Cyprus, and it is not easy to ignore them, but Cyprus-based fact makes it a little bit shaky.Ignored
DislikedCyprus is an offshore zone and that usually means that brokers get licensed more easily there. But just because it's an offshore zone doesn't mean they don't have rules and regulations. Even Belize recently increased their capital requirements for a forex broker license and Cyprus' requirements are even higher than that, as far as I know. Still, if I had a choice (and thankfully I do) between working with a broker licensed in an...Ignored
Disliked{quote} No, this is not the same. But anyway I don't understand why people worries so much about regulation. It's important but I would not choose broker based only on regulation. It's like with many other things... it can be not original but still good.Ignored
DislikedHi all, Can someone publish an example for us to understand why we shouldn't trust the Regulator CySEC?Ignored
Disliked{quote} They don't pay compensation when your 'broker' fails to pay or goes through.Ignored
Disliked{quote} Thanks for the info. However, I don't understand. Are they supposed to pay compensation when your 'broker' fails to pay or goes through? I've been searching for some to find a post sharing the bad experience they had with CySEC and I can't find any.Ignored
Disliked{quote} They do not pay compensation. There's not much more to understand. Good luck but be careful.Ignored
Disliked{quote} Again why shall a Regulator pay compensation? As far as I know, when somebody fills a complain, they investigate and then they push the Brokers to pay compensations and force them to pay penalties. Am I mistaken? @corre71 thank you for the explanation.Ignored