Since , CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members. Their service reflects a five-year term. Cyprus has attracted significant investment in recent years with regard to online brokerage operators and in particular foreign exchange and binary options companies, as a newly emerging regulatory hub that has since evolved as the number of its regulated firms grew.
After that growth and expansion CySEC is now dealing with retroactive compliance matters which also occurs at a number of other regulatory agencies including in the US and Hong Kong, and many more, as an example, since breaches are often detected in hindsight. Recently the agency has been cracking down with enforcement and issuing hefty penalties over violations , yet, what appears to have caught the attention of local politicians is the treatment of how IronFX's recent investigations have unfolded, when compared to other firms that have been cited for non-compliance or related suspicions.
Compares Pegase Case The letter compared how IronFX had not seen the same treatment against it over similar matters that were noted against the CIF Pegase Capital, which Finance Magnates wrote about when CySEC initially suspended its license , referencing the March 4, decision to suspend the CIF Pegase Capital authorization over suspicion that it hadn't complied with provisions required during the one-month probation period. IronFX Media Reports An excerpt translated from Greek from the letter that was cited in the press release, noted: "With concern we have noticed that lately reports and related posts on electronic media include allegations of violation of relevant laws and regulations of the CIF IronFX Global Ltd.
Note that the ECC CySEC relevant decision dated November 27, that announced that it had reached a compromise with the Company for which there were reasonable suspicions of having committed possible infractions of the Investment Services and Activities and Regulated Markets Law of the 'Law' and Directives pursuant to it.
In addition, Article 38 1 was cited with regard to the execution of orders and fair dealing on behalf of clients. He was last re-elected in November and he has held the role since the start of According to his profile description, he is a member of numerous committees, and Chairman of the House Standing Committee on Internal Affairs, and was also the Head of the Delegation of the House of Representatives to the Parliamentary Assembly of the Council of Europe, among other public office roles.
How much can I get through this promotion? The maximum bonus amount you can get through this promotion is 4, USD or equivalent amount in other currencies. You can get the bonus on any deposits to the applicable account until the maximum limitation.
Can I use the bonus for trading? Can I withdraw the bonus? No, the bonus amount cannot be withdrawn, but available only for trading purpose. Any withdrawal restrictions set by the promotion? You can withdraw your own fund and profit at anytime with no limit. For more information, please refer to the section above. Can I also participate in other promotions at the same time? If you wish to participate in several promotions, you must open additional trading accounts for each promotion.
IronFX is regulated and licensed by multiple financial authorities all over the world.
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BEST EXCHANGE FOR TRADING CRYPTOCURRENCY
However, this broker falls sort in execution times and offers too many requotes. They are one of the few brokers to offer a bonus on every deposit, which makes up for some of the requotes, but professional traders will likely want to find a different broker. Gold and silver are available for trade and CFDs are offered on gas, oil, gold, and silver. For forex, there are thirty different currency pairs offered.
An Islamic account is also offered for Muslim traders. AFCX does offer a lot more international support than other foreign exchange brokers. They offer language support in the usual English, Chinese, and Arabic. But they also offer support in German, Hungarian, Italian, Polish, and Spanish, languages you will be hard pressed to find with other brokers.
On the trading side, online broker ACFX allows scalping, hedging, and automated trading systems. They also give you access to daily analysis and advice from experts. Perhaps the best feature of ACFX however, is the bonus that you receive on every single deposit that you make.
Everyone gets the same deposit bonus, but redeposit bonuses are awarded by your individual account manager. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.
Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record.
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