CySEC

What is CYSEC?

CYSEC stands for the Cyprus Securities and Exchange Commission. It is the regulatory authority responsible for overseeing and regulating financial markets, including forex brokers, in Cyprus.

What does CYSEC regulation require from forex brokers?

CYSEC regulation requires forex brokers to obtain a license from CYSEC before offering their services in Cyprus. Brokers must meet certain criteria and adhere to specific regulations regarding capital requirements, operational standards, risk management, client fund protection, and reporting obligations.

How can I check if a forex broker is CYSEC regulated?

You can verify the CYSEC regulation of a forex broker by visiting the CYSEC’s official website and accessing their register of licensed entities. This register provides information on licensed brokers, including their license number, date of authorization, and any regulatory actions or sanctions imposed on them.

Does CYSEC provide any investor protection?

Yes, CYSEC provides investor protection by regulating forex brokers and enforcing compliance with its rules and regulations. It monitors and investigates any potential misconduct, fraud, or unethical practices by regulated entities. In case of disputes, traders can also seek resolution through the Investor Compensation Fund, which provides a certain level of compensation in case of broker insolvency.