Regulation and License
The Cyprus Securities and Exchange Commission (CySEC) is an independent financial regulatory authority responsible for controlling investment services and transactions in transferable securities carried out in Cyprus.
CySEC regulates the entities under its supervision and performs the following:
- Grants, suspends, and revokes operating licenses.
- Supervises and regulates the Cyprus Stock Exchange and other organized markets in the republic as well as the transactions carried out in these markets.
- Imposes administrative and disciplinary sanctions to those who fall under the legislation.
- Issues regulatory directives and decisions.
As a European brokerage company, Tradestone Ltd. (FBS) is in full compliance with the Markets in Financial Instruments Directive (MiFID) that provides regulation for investment services in the European Economic Area (EEA).
CySEC Benefits for Traders
Tradestone Ltd. is licensed by CySEC, which allows us to protect our clients’ interests and provide secure and reliable services to them. The traders can appreciate the following perks.
Fairness and transparency
The third-party controls the reception, transmission, and execution of orders. In case CySEC brokers fail to operate fairly, they risk of having sanctions and penalties imposed on them, and even losing the license.
The regulated brokers submit financial statements to the governing bodies to guarantee that the company is adhering to the highest compliance standards.
Tradestone Ltd. (FBS) is a member of the Investor Compensation Fund, the aim of which is to protect investors if the broker becomes bankrupt and is unable to fulfill its contractual obligations.