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Regulation

One of the client’s top criteria on selecting a trading firm is to find a regulated entity where regulations will be adhered at all times. Trading with a regulated investment firm, clients are comfortable that proper security, transparency and integrity on their daily transactions will occur.

PriorFX Limited is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC), under license reference: 221/13.

PriorFX is regulated under MiFID (Markets in Financial Instruments Directive), a European Union law effective as of 1 November 2007, which provides a harmonized regulatory regime for investment services across the European Economic Area. The main objectives of the Directive are to increase competition and consumer protection in investment services.

All companies regulated by the CySEC are obliged to meet strict financial standards including capital adequacy requirements. As such, PriorFX must adhere to a strict reporting schedule and regularly submit financial reports performed by an independent auditor. CySEC has the right to fine companies and/or terminate a company’s regulatory status in case of violations. The strict regulatory environment that PriorFX complies with serves to protect the client. It is a guarantee that business is carried out according to a number of firm rules and standards that have the purpose of limiting fraud and thereby also protecting client funds.

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We Understand,

What Traders Want

Online forex trading should be easy, fast and convenient. Combining years of market intelligence and high speed processing under the umbrella of the world's preferred trading platform, Metatrader 4, PriorFX has established a new standard in forex trading. All with spreads from as low as 0.1 pips.

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Risk Warning: Margin FX and CFD products are considered speculative products which are highly leveraged and carry significantly greater risks than non-geared investments, such as shares. You should not invest in Margin FX or CFD products unless you properly understand the nature of Margin FX and CFD products, and are comfortable with the attendant risks.    read more