Coming Soon: CySEC Regulated Boursotrade with Back Office Focus

Even as 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 industry has been affected negatively by historical low volatility, we are still seeing the birth of new brokers. Although registrations of new licensed brokers in Cyprus are below 2013 levels, the island continues to be one of the prime destinations for firms seeking regulation to allow them to market legally in the EU. When receiving lists of new registrations from 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, part of the difficulty is solving who will be the next broker set to launch a Cyprus operation, as very often the entity represents an existing broker who has decided to either expand its regulatory status, or receive its first license.

Among new registrations this year was Boursotrade, which was regulated in May but has yet to launch its operations or be affiliated with any existing broker. Recently though, the company’s activity has begun to emerge with the creation of the Boursotrade.com website indicating a pending launch. Forex Magnates connected with the firm to learn more about their upcoming operations.

Speaking with the CEO, Boursotrade was founded by individuals coming from the asset manager and tech world, as well a from the forex industry. Previous to Boursotrade, members of the investing team had managed Luxembourg based Mont Blanc Management.

While similar to other CySEC brokers as Boursotrade will be launching with the familiar MetaTrader 4 platform and using webtrader and mobile technology from a third party industry provider, the firm has developed its own in-house CRM back office which it believes will provide value to partners.