IronFX Expands its Regulatory Footprint with New Zealand FSP and Russian CRFIN Registration

In simultaneous news releases, Cypriot Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker IronFX, announced that it has registered as a Financial Service Provider (FSP) in New Zealand, as well as becoming a member of CRFIN, Russia’s leading self-regulating organization, whose goal is the passing of forex regulation in the country. The FSP license and CRFIN membership, adds to IronFX’s existing regulatory jurisdictions where is its regulated by 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, the FCA, and ASIC.

According to broker, the news is part of the firm’s global expansion where it is aiming to be viewed beyond just being another Cyprus broker. Back in March, when asked by Forex Magnates about the potential effects of the banking crisis in Cyprus to the country’s brokers, IronFX made reference to it being a global broker by stating “IronFX, which keeps all client and own funds outside of the country is a much safer trading counterparty than a small FX broker (often unregulated) based in a perceived “safer” jurisdiction. As a result, existing and future clients do not care if their FX broker is based in Cyprus but whether it is a large, reputable, well regulated firm that holds client funds with reputable investment grade international banks.”