CYSEC FOREX BROKERS

For the last years, Cyprus, which is an island in the Mediterranean and part of the EU truly became one of the main hubs of Forex Companies. The destination became popular due to a possibility to carry out operations across Europe through relatively easy establishment conditions, its perfect location and availability of regulatory agency together with low Cyprus taxes.

• Cyprus Securities and Exchange Commission or CySEC regulates almost all of the Forex Companies in Cyprus.
• Furthermore, there are a significant number of companies operating various types of financial activities out of Cyprus and complies with CySEC regulations too.
• CySEC operates as a subsidiary of the European MiFID which enables members to perform European businesses, yet throughout relatively easy regulatory guidelines and faster approval processes. 

CySEC also is a broker-friendly authority that allows most of the financial practices that even showed cases indulged into some high-risk operations and resulted in criticism from the world respected authorities. However, the CySEC constantly reforms its guides in order to ensure that all CySEC Regulated Forex Brokers comply fully with the protective laws towards investors, their funds and interests.

Even though there are still many forex broker scams establishing their headquarters in Cyprus, CySEC makes its best to assist and not to fall into trouble throughout their official website, where all necessary information about the company or another is listed. It is always strongly advised to choose among regulated brokers, as this is the only possibility to be covered and receive assistance in case the Broker is unscrupulous one.