The CySEC regulator was established in 2001 in accordance with the law “On Securities and Exchanges”. The regulator checks, controls, licenses, audits and regulates companies that are associated with investments in the securities market.
At the moment CySEC is the most popular regulator among the companies providing services in the forex market. This became possible thanks to the accession of Cyprus to the European Union in 2004.
To obtain a CySEC license, a company must fulfill a number of requirements that have been tightened in recent years.
CySEC has repeatedly revoked the licenses of companies for violating the established rules for carrying out financial activities.
Conclusions: The degree of trust of traders and investors in CySEC can be assessed as average. The regulator has a compensation fund and regularly audits companies, but Cyprus is still offshore, with all the ensuing consequences.
Forex brokers with CySEC license