Regulation and License

CySEC Responsibilities

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.

Regular reporting

The regulated brokers submit financial statements to the governing bodies to guarantee that the company is adhering to the highest compliance standards.

Insurance

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.

Details of the Temporary Permissions Regime

Tradestone Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission of the Republic of Cyprus. Deemed authorised by the Prudential Regulatory Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. The nature and extent of consumer protections may differ from those for firms based in the United Kingdom. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the United Kingdom for a limited period while seeking full authorisation, are available on the Financial Conduct Authority's website.

We would like to inform our UK clients that there are no changes in the Investor Compensation Fund. Tradestone Ltd. will continue to protect investors, secure the claims of third-country nationals if the broker becomes bankrupt and is unable to fulfill its contractual obligations.

For full TPR information on our Company, please visit the site of the Financial Conduct Authority