CySec Announces Six More Licensed Firms

Adding a little of new and old, CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term has announced today that six more firms received licensing from the regulator between the period of October to December 2012. The granted companies are:

1. FXNET Ltd

2. HF Markets (Europe) Ltd

3. Sloughgate Consultants Ltd

4. Forextime Ltd

5. UBK Markets Ltd

6. Ouroboros Derivatives Trading Ltd.

Leading the names is Forextime which officially launched earlier this month and is led by Alpari shareholder Andrey Dashin.

Among the other names, with the granting of CySec Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, HF Markets, AKA HotForex adds to its existing Financial Services Commission (FSC) of the Republic of Mauritius licensing. As of today though, the new CySec regulation has yet to be registered on HotForex’s, so it is unclear if HF Markets will be launching a separate CySec regulated broker or simply running dual offices for the HotForex brand.

UBK Markets is a soon to be launched broker (their Russian language only site is in beta mode). The firms was created by the founders of automated trading providers FxMarketWave.com and GelanTrawler.com that advertise to the Russian language market. Similarly, FxNet is a newly launched MT4 broker with its site up and operational.

According to Eran Chertok-Gorodezky, CEO of Ouroboros Derivatives Trading Ltd’s Linkedin page, “Ouroboros Derivatives Trading Limited is the first Cyprus Investment Firm ("CIF") to receive a license from the Cyprus Securities & Exchange Commission ("CySEC") on the bases of providing binary options trading (“license number 187/12). The company will be offering binary options trading to EU clients.” Therefore, we should be soon seeing another regulated Binary Options broker springing up shortly to join Banc De Binary among regulated options brokers.