CYSEC Steps in to put a halt to Questionable Marketing Practices by Forex Brokers

CYSEC

CYSEC, or the Cyprus Securities and Exchange Commission is responsible for regulating many of the largest Forex brokerage companies in the European Union. In 2016, CYSEC issued several guidelines to the brokers regarding aggressive marketing practices.  It has subsequently issued a clarification to these rules in March of this year. CYSEC has been giving warnings to brokers in violation so far, and as of May 31, 2017 will begin issuing harsh penalties. Specifically, the marketing of bonuses as real cash has been addressed in a…

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4 Tips for Consumers to Avoid Getting Caught by a Scam and Avoid Fraud

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Being a consumer has become quite a difficult thing. There are so many scams and people waiting to exploit the unaware consumer. The FTC has released tips to help consumers avoid getting caught up in fraudulent scams. These tips are based on getting yourself educated and informed and being alert when buying anything or receiving claims of winnings. The consumer tips to avoid fraud include: Pay attention to the sender. Many scammers pretend to be a trustworthy authority like a bank, government official, or a…

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