RoboForex Receives Expanded CySEC License, Offers New Product

RoboForex, the foreign exchange brokerage, has announced the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term license expansion for services in the field of portfolio management. As a result, the company is able to broaden its offering to copy trading and Risk Allocation Management Tool (RAMM).

Recent changes concern the license number 191/13 issued by the Cypriot financial markets regulator. According to the RoboForex press release, it will allow the company to offer clients direct access to RAMM and CopyFX trading platforms.

Thanks to CopyFX, existing customers can attach to the platform both as traders and investors. The first ones earn commissions on transactions copied by clients, while investors may choose the person they want to follow and duplicate their positions.

Within RAMM solutions the rules are highly similar. Investors using the new type of account replicates one of the strategies available in the traders’ database. At the same time traders providing its business system can earn up to 50% of the profits that customers generated.

As part of the offering, clients are able to determine the maximum level of risk and the value of individual transactions, which should largely facilitate capital management within the copy trading services.

As reported by RoboForex in a recent official statement on the license extension: “Both platforms are sure to help traders to open new investment horizons and get the most from trading on the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market, and partners to expand their affiliate networks and increase their profit from cooperation with RoboForex.”

This is another change to trade conditions announced by the brokerage this year. In January, Finance Magnates reported that RoboForex expanded its asset suite with twenty new options instruments, offering payouts between 72% and 78%.