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Reliable CySEC regulated brokers

The Cyprus Securities and Exchange Commission is the authoritative and popular regulator of the financial markets. Due to this, CySEC Forex brokers deservedly enjoy increased popularity among traders. Many regulated companies are licensed by CySEC. Among them, special attention should be paid to FxPro, RoboForex, HotForex, and a number of other well-known mediators. The Cyprus Securities and Exchange Commission has wide powers to control the activities of its members. Thanks to this, CySEC regulated brokers are seen as synonym to reliability.

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More about CySEC regulated brokers

To date, this regulator is a member of all committees that specialize in the regulation of financial markets. Thus, one of the main activities of Cyprus Securities and Exchange Commission is to issue licenses to intermediaries on the Forex market. To obtain the above document, CySEC-regulated Forex brokers must meet a number of requirements, from the charter capital to the availability of modern operational and organizational structure.

If CySEC regulated brokers violate the established norms or conduct illegal activities, the commission has a wide range of tool for the prevention and suppression of such violations. So, for example, the regulator can impose fines, disciplinary sanctions, and even revoke the license from the regulated company. CySEC regulated brokers should work transparently on the Forex market. At the same time, they are obliged to provide the commission with all the information about their activities upon the first request. The Cyprus Securities and Exchange Commission, except these areas, is also engaged in the development of legislation and supervision of other financial market participants. Forex CySEC regulated brokers are the choice of traders who are used to working with trusted intermediaries.