CySEC Warns Investors That FX TRIDENT 365 LTD, Tridentfx.com, Not Authorised In Cyprus

The latest regulatory warning in the online trading space comes today from the Nicosia-based Cyprus Securities and Exchange Commission ,

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, which has just released a circular warning investors that FX TRIDENT 365 LTD, www.tridentfx.com is not permitted to provide investment and ancillary services in Cyprus, as per the press release from the Cypriot regulator .

The finding are on the basis of local applicable financial market regulations, under the Investment Services and Activities and Regulated Markets Law, which cited how FX Trident 365 LTD has never been authorized by CySEC and is not a bank or cooperative firm established in Cyprus nor authorized to provide such services. Also noted by CySEC how no notification has been received by a competent authority of another member state pursuant to section 77 and 80 of the above mentioned law, regarding this firm.

Additionally, the press release said that the firm is not regulated by the Commission, and urged investors, before conducting business with Investment Institutions, to check the CySEC website to confirm an entities regulatory status in order to determine whether it is authorized to provide investment services in the Cypriot Republic.

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 Magnates' reporters attempted to contact the company based on a cache version of the website that depicted the latest contact information as of June 17, 2013, as its site is not currently online, and received a voice mail for Trident FX. The cached contact information listed the Company Registration Number as HE 318333 and with an address at the Gala Business Center in Paralimni, Cyprus.

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