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Is Cysec regulation/authority reliable in terms of financial distress?
Member Since Jun 11, 2020
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Member Since Jun 03, 2020
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Oct 03, 2020 at 05:31
Member Since Jun 03, 2020
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Best thing about regulations - the safety net! Feel relieved that I have somewhere to approach if need be. I never ever take a chance with my investments, going to any hillbilly broker. Stick to CySec regulated brokers as I know they can be approached if you feel wronged. However it’s best to contact the broker first - protocol!
Member Since Jun 09, 2020
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Oct 03, 2020 at 10:02
Member Since Apr 15, 2020
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Yes, off course without a doubt CySec regulated brokers are the best choice. When any broker is under the surveillance of regulation, the interest of the trader is automatically protected. Your funds are secured, no trade manipulation is possible and you get a superior power to take your complaints if the broker does something against your will.
The more your practice, the more you learn.
Member Since Jul 19, 2020
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Nov 04, 2020 at 09:12
Member Since Jun 09, 2020
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Yeah, that is, thanks for including. IG is heavy on their offerings too - be it forex, indices, shares, commodities, cryptocurrencies, bonds, ETFs, options. It has a noticeable global footprint which is another plus. Speeds are lightning for paypal transactions too.
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Nov 23, 2020 at 13:35
Member Since Jun 11, 2020
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Amber_0302 posted:I too think so. Although trading in itself in never risk-free but at least by using a highly regulated broker one can be a little bit certain on the safety part.
I think the cysec regulated brokers are reliable in terms of security of the funds.
Member Since Jul 20, 2020
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Dec 08, 2020 at 13:14
Member Since Feb 11, 2020
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I will personally express my opinion that broker regulation is a purely speculative phenomenon. Namely, the method of making money with brokers. In essence, this means that the broker pays a lot of money to some authority that issues a certificate that the broker is regulated. Essentially, it doesn't change anything. Broker qualities are important in other aspects.
Member Since Jun 11, 2020
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Dec 10, 2020 at 06:09
Member Since Apr 18, 2020
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No doubt Cysec license is good but it doesn’t mean all cysec regulated brokers are good. You’ll need to test if their trading conditions fit your range. Plus, normally known brokers have multiple licenses, commonly in hand with FCA for UK or ASIC for Australia. My advice is to select some brokers of your choice, test with the list of your checklist and decide to proportionate the accounts with brokers. I’ve also diversified my funds with pepperstone, hfx, IG and fxview. Just give your efforts and you’ll be good to go.
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