Any FX trader wants to work with a reliable FX broker. This is the very FX company that can guarantee security and safety of client funds on top of offering competitive trading conditions and innovative solutions for more efficient trading. With that said, only a licensed FX broker can give you all of that.
According to Masterforex-V Academy experts, there are few FX brokers that can comply with the mentioned criteria. These are reputable and regulated brokers offering world-class services and security along with highly competitive trading conditions.
This can be explained in a simple way. Obtaining a license for respected financial regulators such as the FCA (UK), FINMA (Switzerland) and the CySEC (Cyprus ) requires full transparency and independent audits. If there are any violations, they are followed by heavy penalties. This means that licensed brokers are supervised at all times to avoid any dirty tricks.
Despite the fact that the international Forex industry is quite mature, there are still fake and disreputable FX companies that rely purely on making their client lose their money. They do play various dirty tricks on their clients and do their best to make them lose. That is why it is crucial to go with a reputable FX broker licensed by a major financial watchdog like those mentioned above.
Unfortunately, most of the FX companies operating online are NOT transparent and regulated. This means that you should be very careful when choosing an FX broker to trade currencies with. A licensed broker equals a reliable partner working to help you succeed in FX trading in the long run.
NordFX is one of such reputable and regulated brokers. Hundreds of thousands of retail traders and investors trust NordFX. They value the company for the exceptional quality of its services, top-notch solutions for more efficient trading and well as responsive support, security and truly competitive trading conditions.
It is not accidental that NordFX has won a lot of prestigious awards over the last we years. This is true recognition of the company’s efforts to make Forex a better place and source of income for thousands of people around the globe. By the way, NordFX is one of the few brokers recommended by Masterforex-V Academy and pro-rebate.com.
Not so long ago, NordFX introduced NordFXCY (NFXCapitalCYLtd.), which is a company included in the NordFX Group. NordFXCY got a license from the CySEC one of the major European financial regulators when it comes to FX and binary options. This is another proof that NordFX strives to be transparent and open in terms of cooperating with the client.
I hope that if you have been in the trading industry for a while, you are aware of the fact that the CySEC is a major financial regulator in Europe. It regulates binary options and Forex brokers. A CySEC license give the trader the confidence that the chosen FX broker licensed by it is going to be a truly reliable partner in trading. The CySEC operates on the basis of the Markets in Financial Instruments Directive (MiFID). This is strict financial regulation. That is why all of those disreputable brokers who applied for a CySEC license got refusals and had to put up with the outsider status. Indeed, only the best representative of the industry can count on a CySEC license since this is true recognition of reliability and transparency in today’s highly competitive and rough financial world.
