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CySEC Warns CFDs Brokers To 'Improve Practises' Or Face Disciplinary Action
Abstract：The Cyprus Securities and Exchange Commission (CySEC) issued a warning to Cyprus Investment Firms (CIFs), specifically CFD issuers, urging them to take urgent measures to "modify their procedures."
The regulator is strengthening its industry monitoring techniques.
It is enforcing new regulations to assure compliance and consumer safety.
The Cyprus Securities and Exchange Commission (CySEC) issued a warning to Cyprus Investment Firms (CIFs), specifically CFD issuers, urging them to take urgent measures to “modify their procedures.”
Brokers with lax compliance methods would face enforcement proceedings with “much larger” penalties, according to the agency. Furthermore, the regulator has the authority to suspend or revoke the firms' operating licenses.
Cyprus is home to a number of financial services firms, most of which are brokers and other trading-industry firms. To operate in the European Economic Area, the enterprises often utilize their Cyprus license.
Despite the fact that Cyprus's welcoming laws have successfully attracted financial services businesses, numerous European authorities, notably ESMA, have pointed out compliance failures on the part of Cyprus-regulated enterprises.
About CySEC
The Cyprus Securities and Exchange Commission (CySEC) was constituted as a public legal body in line with Section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001. It is an independent public supervisory institution in charge of overseeing the investment services market, transferable securities transactions in the Republic of Cyprus, and the collective investment and asset management industry. It also oversees businesses that provide administrative services but are not regulated by ICPAC or the Cyprus Bar Association.
About WikiFX
WikiFX is a worldwide corporate financial information search engine. Its primary duty is to give the included foreign exchange trading organizations with basic information search, regulatory license searching, the credit assessment, platform identification, and other services.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Garanti BBVA Securities Exposed: Traders Report Unfair Charges & Poor Customer Service
Have you been financially ruined through chargebacks allowed by Garanti BBVA Securities? Do you have to wait for hours to get your queries resolved by the broker’s customer support official? Did the same scenario prevail when you contact the officials in-person? Failed to close your account as Garanti BBVA Securities officials remained unresponsive to your calls? Many have expressed similar concerns while sharing the Garanti BBVA Securities review online. In this article, we have shared some complaints against the broker. Take a look!
Original 15h
In-Depth Review of Stonefort Securities Withdrawals and Funding Methods – What Traders Should Really
For any experienced forex and CFD trader, the mechanics of moving capital are as critical as the trading strategy itself. The efficiency, security, and transparency of a broker's funding procedures form the bedrock of a trustworthy, long-term trading relationship. A broker can offer the tightest spreads and the most advanced platform, but if depositing funds is cumbersome or withdrawing profits is a battle, all other advantages become moot. This review provides a data-driven examination of Stonefort Securities withdrawals and funding methods. We will dissect the available information on payment options, processing times, associated costs, and the real-world user experience. Our analysis is anchored primarily in data from the global broker regulatory inquiry platform, WikiFX, supplemented by a critical look at publicly available information to provide a comprehensive and unbiased perspective for traders evaluating this broker.
Original 16h
MH Markets Deposits and Withdrawals Overview: A Data-Driven Analysis for Traders
For any experienced trader, the integrity of a broker is not just measured by its spreads or platform stability, but by the efficiency and reliability of its financial plumbing. The ability to deposit and, more importantly, withdraw capital without friction is a cornerstone of trust. This review provides an in-depth, data-driven analysis of the MH Markets deposits and withdrawals overview, examining the entire fund management lifecycle—from funding methods and processing speeds to fees and potential obstacles. MH Markets, operating for 5-10 years under the name Mohicans Markets (Ltd), has established a global footprint. With a WikiFX score of 7.08/10, it positions itself as a multi-asset broker offering a range of account types and access to the popular MetaTrader platforms. However, for a discerning trader, the real test lies in the details of its payment systems and the security of their funds. This article dissects the MH Markets funding methods withdrawal experience, leveraging pr
Original 16h
GAIN Capital Review: Exploring Complaints on Withdrawal Denials, Fake Return Promises & More
Is your forex trading experience with GAIN Capital full of financial scams? Does the broker disallow you from withdrawing your funds, including profits? Have you been scammed under the guise of higher return promises by an official? Does the GAIN Capital forex broker not have an effective customer support service for your trading queries? Concerned by this, many traders have shared negative GAIN Capital reviews online. In this article, we have discussed some of them. Read on!
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