We would like to give notice to all traders trading with CySEC regulated forex brokers, the said regulatory authority has just released a new restriction to all non-EU clients under the circular CI144-2013-22 (click the link to view).

The said document released last July 26, 2013 requests “to cease immediately the provision of services to third countries if they have not consulted with the competent authorities of those third countries that are allowed to do so within their territories“.

CySec brokers are requested to comply on or before August 13, 2013. Please coordinate with your broker regarding this to prevent any negative outcomes. As per our brokers, the CySec regulated brokers are FXNet, Roboforex, Hotforex. We believe Hotforex has been prepared for this even before as they automatically put non-EU clients under FSC regulation (instead of CySec or both).

Categories: Broker News

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