CySEC ban on linking pay to volumes, deposits or client P&L: A Step in the Right Direction LeapRate

June 28, 2016 BY LeapRate Staff

CySEC ban on linking pay to volumes, deposits or client P&L: A Step in the Right Direction

The following guest post is courtesy of CySEC and FCA regulated retail forex broker FxPro. FxPro is one of the largest Cyprus-based Forex brokerages, operating since 2006. We'd note that LeapRate broke news of CySEC's directive against linking Broker pay to volumes, deposits or client P&L two weeks ago. We will continue to bring our readers reaction…

CySEC warns on linking Broker pay to volumes, deposits or client P&L

Cyprus financial regulator CySEC has issued a directive regarding remuneration policies and practices at CIF licensed companies, which include the many regulated retail forex and binary options brokers on the island. While not directing an outright ban on such practices, CySEC stated that certain types of remuneration seem to create a conflict of interest with clients,…

Tag: forex broker remuneration

CySEC ban on linking pay to volumes, deposits or client P&L: A Step in the Right Direction

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