Trading with registered CYSEC companies

[abdulla1]

Hi all

Today I am going to tell you about CYSEC. Many of the professional traders might be aware of it but for those who aren’t here are few details.

 

CYSEC stands for Cyprus Securities and Exchange commission it was launched in2001 as a public organization. The CYSEC is run and governed by a five member board, a chairman who heads this board. A vice president and three other members. In board meetings there is a representative of world bank who has the rights to make amendments to agenda of commission.

The members of board are selected by the council of ministers which is assigned by minister of Finance for a 5 year tenure. The seat of vicepresident and two other members is an exception and they are selected for a period of four and three years respectively.

 

The CYSEC has following responsibilities.

1. To supervise and control the live stock exchange market.

2. To govern and control the security issues related to stock exchange. the licensed investment trading companies as well as collective investment schemes.

3. To request and collect information necessary for the exercise of its responsibilities, to demand in writing the provision of information from all natural or legal persons or organizations that are considered to be in a position to provide such information.

4. To grant operation licenses to investment firms, including investment consultants, brokerage firms and brokers.

5. To recall these operation licenses for special reasons, as it is more specifically determined in Regulations that are published in accordance with the Law of Establishment of the Cyprus Securities and Exchange Commission.

6. To impose administrative sanctions and disciplinary penalties to brokers, brokerage firms, investment consultants as well as to in any other legal or natural person whom fall under the provisions of the Stock Market legislation.

 

What are advantages:

As you can see from the responsibilities that companies licensed by CYSEC are secure and your investment is always save . There is no risk of company getting away with your hard earned money. As every company that is licensed by CYSEC is strictly monitored you are always save against fraud.

 

 

Any good forex companies licensed with CYSEC:

One of the most trusted forex trading companies that is licensed and accredited by CYSEC is uwcfx. United world capital forex is one of the vest companies that is registered with CYSEC. They offer generous bonuses and promotions for new as well and old investors. There are currently many promotions going on which offer you bonus on your first deposit. They also offer plenty of resources for traders. Uwcfx is registered with CYSEC with license number 093/08. The Company is a member of the Investor Compensation Fund (the “Fund”) for customers of Cypriot Investment Firms (CIFs) and other Investment. if you are looking for any trusted company to trade forex with then uwcfx is your best choice.

[Vaabum]

It should immediately be understood that in order to achieve success, it is more important that the trader knows how to work correctly. This aspect is more important. For this reason, when I started working with a broker from ExpertOption, I initially used a demo account.