What the new CySEC rules mean to the FX industry | Forex Factory

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What the new CySEC rules mean to the FX industry

  • #1
  • First Post: Aug 17, 2016 12:54pm Aug 17, 2016 12:54pm
LeapRate Special Guest Post... The winds of change have been blowing hard in the Forex world lately, and nowhere more so than in Cyprus.

Cyprus financial regulator CySEC has certainly been flexing its muscles lately. Increased fines. License suspensions. New rules such as those regarding location of call centers and incentive compensation.

In a special guest post, Advanced Markets’ Managing Director Bjorn Enqvist takes a look at what is changing in Cyprus and at CySEC, and what that means for the Retail Forex world

https://www.leaprate.com/2016/08/wha...e-fx-industry/
  • #2
  • Aug 17, 2016 11:28pm Aug 17, 2016 11:28pm
Quoting PoundTrader
LeapRate Special Guest Post... The winds of change have been blowing hard in the Forex world lately, and nowhere more so than in Cyprus. Cyprus financial regulator CySEC has certainly been flexing its muscles lately. Increased fines. License suspensions. New rules such as those regarding location of call centers and incentive compensation. In a special guest post, Advanced Markets Managing Director Bjorn Enqvist takes a look at what is changing in Cyprus and at CySEC, and what that means for the Retail Forex world https://www.leaprate.com/2016/08/wha...e-fx-industry/...
OMG...those articles are always an invitation to a nice yawn.

People suggesting what regulators should do as if regulators cared!!

I stopped day-trading Forex a while back because of the volatility collapse so I couldn't care less what the "regulators" do with it .

Now I can't help myself but to be curious about the reasons why they are killing retail.

Anyways, till volatility comes round again i'm quite happy in equities which is where the money is right now.
So, you think you have rights? LOL
  • #3
  • Aug 18, 2016 2:12am Aug 18, 2016 2:12am
Clearly Your Sum Electronically Ceased - What i understand as
Never Gamble Forex
  • #4
  • Aug 21, 2016 11:05am Aug 21, 2016 11:05am
Quoting ForexOracle
{quote} OMG...those articles are always an invitation to a nice yawn. People suggesting what regulators should do as if regulators cared!! I stopped day-trading Forex a while back because of the volatility collapse so I couldn't care less what the "regulators" do with it . Now I can't help myself but to be curious about the reasons why they are killing retail. Anyways, till volatility comes round again i'm quite happy in equities which is where the money is right now.

ForexOracle but you dont trade forex ?

Brokers in Cyprus were doing some pretty illegitimate activities, just look online. Im all for less regulatory over sight but when brokers literally screw people out of there money, they got issues.
Learn, a forex trader must, unlearn and relearn he will.
  • #5
  • Last Post: Aug 21, 2016 11:14am Aug 21, 2016 11:14am
will Cyprus Brokers ever be trustworthy ? why do all those brokers flock to Cyprus ?
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