Is BCFXBroker A Regulated Company? We Give You The True Facts In This BCFXBroker Review
BCFXBroker is a Forex broker that has its corporate office in Limassol, Cyprus, which is one of the major investment destinations for a number of popular Forex brokers and other financial companies. The Cyprus Securities and Exchanges Commission (CySEC) is responsible for regulating and supervising financial entities according to the guidelines and derivatives issued by the European MiFID. Cyprus joined the European Union during the mid-2000s and had ever since been an integral part of the European Economy and its financial markets. Therefore, brokers located in Cyprus are free to conduct their business in any part of Europe through their CySEC license under the EEA agreement. BCFXBroker is also bound by the rules and regulations imposed by the CySEC for having a valid Cypriot license. Therefore, it is safe to mention that BCFXBroker is regulated by the CySEC under the brand name Best Choice FBC Ltd. Regardless; there has been recent news that the CySEC had suspended the broker’s license due to non-conformity with the rules mentioned by the CySEC.