A newly established brokerage that claims to offer a full spectrum of investment services, Fidus Investments Cyprus (FIC) has little information on its website, and does not offer demo trading accounts yet.
Fidus Investments Cyprus Ltd., which operates the FIC site and brand, is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Cyprus is becoming more and more popular destination for forex and binary options brokers, especially now that UK is exiting the European Union.
Financial regulation on this sunny Greek island includes certain rules and standards and the CySEC sees to their compliance. Cyprus Investment Firms (CIF) must hold at least €730,000 in order to prove their good financial standing. Moreover, brokerage firms are required to report all transactions and to keep customer funds in segregated accounts, separated from the company’s operating funds.
As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the company is in default.
Additionally, every CySEC-regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU.
FIC Review Conclusion
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