FAQ ABOUT US
Who is ECMarkets?
ECMarkets is operated by SafeCap Investments Limited – a Cyprus Investment Firm (CIF) – which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). SafeCap Investments Limited is also regulated under the Markets in Financial Instruments Directive (MiFID).
With a focus on safe, secure, licensed and regulated trading, ECMarkets is determined to provide our clients with the best online forex trading experience possible. We invite you to explore the site and/ or visit our about us page.
Where Is ECMarkets Located?
ECMarkets is operated by SafeCap Investments Limited, a Cyprus based company. Cyprus is a full member state of the European Union. Due to its competitive tax regime, skilled workforce and strict regulations, Cyprus has a growing financial sector which is quickly becoming a regional powerhouse.
ECMarkets’ offices are located on the 5th floor of the Treppides Tower, 9 Kafkasou Street, Aglantzia 2112, Nicosia, Cyprus
Is ECMarkets Regulated?
Yes. ECMarkets is fully licensed to provide financial services by the
Cyprus Securities and Exchange Commission (CySEC), and is regulated under the European Union Financial Services law known as the Markets in Financial Instruments Directive (MiFID).
ECMarkets is also licensed by the
FSA.
What is CySEC?
CySEC (Cyprus Securities and Exchange Commission) is the commission charged with regulating Cyprus’ financial markets. It ensures that CIF’s (Cypriot Investment Firms) adhere to strict financial guidelines in accordance with the laws and regulations of Cyprus and the European Union. CySEC is a public body that supervises and controls operations and transactions carried out in the Stock Exchange.
CySEC duties include but are not limited to:
- Supervising and Controlling licensed investment services companies
- Carrying out inspections over brokers and brokerage firms
- Granting operational licenses to investment firms
Cyprus is a full member-state of the European Union and as such shares similar powers to financial supervisory authorities in Europe (such as the UK’s FSA).
What is the MiFID?
MiFID (Markets in Financial Instruments Directive) is a European Union law with the objective of increasing competition and consumer protection in investment services. MiFID provides regulatory harmony for investment services across member-states operating in the European Economic Area.
What Security Do I Have When Trading With ECMarkets?
At ECMarkets we understand that the security of your funds is a primary concern.
Rest assured that we consider the implementation and strict adherence to financial guidelines – both internal and external – a top priority, and concrete safeguards are built within the system to ensure a safe, secure and efficient trading experience.
Safety measures include but are not limited to:
- ECMarkets is operated by Safecap Investments Limited which is licensed and regulated by CySEC under the strict EU Financial Directive (MiFID).
- SafeCap Investments Limited is a member-in-good-standing of the Investor Compensation Fund for Customers of Cypriot Investment Firms.
- Client funds are insured by the Investor Compensation Fund for Customers of Cypriot Investment Firms (up to €20,000). Full details can be obtained upon request.
- In accordance with EU financial regulations, client funds are segregated from SafeCap’s operational funds, and are monitored on a daily basis.
- SafeCap Investments Limited regularly submits financial reports to
CySEC in order to verify its financial stability and validate its full
compliance with requirements, among which is the holding of sufficient
capital in order to safeguard client fund.
- SafeCap Investments Limited uses a combination of advanced technical
and physical safeguards to protect all data systems.
- Rigorous firewalls and Secure Sockets Layer (SSL) software is used
to protect information during transmission.
- All communication between SafeCap Investments Limited clients and
data servers is encrypted.
How Does ECMarkets determine its pricing structure?
ECMarkets works closely with major banks and financial institutions operating in the forex industry. By working with several leading banks, ECMarkets is able to obtain the best Bid and Ask price on behalf of clients. Working with top-tiered banks allows ECMarkets to offer the most liquid, accurate, cost-effective and secure solutions for our customers.
I’m a Novice Trader. Can I Use ECMarkets?
From complete beginners to seasoned professionals, ECMarkets services all levels of forex traders! Providing 24/7, multi-lingual support, ECMarkets offers a flexible platform with powerful tools to assist you in all your online trading needs.
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