How do I know that the money on my trading account is safe?

Tuesday, 29 March 2011 01:21

The Republic of Cyprus is a full member of the European Union, and this means that all investment companies licensed in Cyprus should fully comply with the EU MiFID (Markets in Financial Instruments Directive) regulations for the activity of investment companies in the 27 countries of the European Economic Zone. The main aim of this law is to increase competition in the investment sector and protect the interests of the investment company clients. According to MiFID regulations, investment companies should also become members of the Investor's Compensation Fund, which ensures that the client interests are protected should the company ever become insolvent.