EvestMarkets is a newly-licensed forex broker by the Cyprus Securities and Exchange Comission (CySEC). Its website is still inactive, so further information on tradable products, accounts and conditions will be added in the future.
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. Brokerages licensed in Cyprus must hold at least €730,000, to keep customer funds in segregated accounts (separated from the company’s operating funds), and to report all transactions, among other things.
Furthermore, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to €20 000, If the company is in default.
EvestMarkets Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about EvestMarkets Review.