By following international standards put in motion by the big regulatory agencies, brokers can help fight against the market’s biggest threat: Asymmetric Information. Traders have a right to access information equally, to assess the news and base their investing strategy on that.
Brokers that publish periodic statements are perceived as more transparent and reliable, attracting a bigger market share. Although many claims to be transparent-oriented and promote ethical services, not all are recognized for such feats. FxGrow, a Cyprus based FX brokerage authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), has been honored with numerous international awards in recognition of its excellence in services and trading offerings.
Such awards are granted based on many criteria that reflects the broker’s influence and popularity. A rewarded broker is an exemplary leader when it comes to the quality of management, service, and security. Such platform would be adopting cutting edge technologies ensuring financial strength and dependability.
Going with licensed brokers is always a safer approach. They will be regulated and governed by strict rules that safeguard the trader while offering the best trading services and tools like FxGrow’s negative balance protection, encrypted payment system. Many platforms including FxGrow are CySEC CIF licensed with a Financial Conduct Authority license and directives set out by MiFID, Markets in Financial Instruments Directive.
