Regulatory Authority (FAQ Categories) | FAQs

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Recent FAQs

Is STICPAY regulated and licensed? Is it safe to use this online wallet?

STICPAY has been granted permission by the Financial Conduct Authority (FCA) of United Kingdom to issue electronic money (e-money) and provide payment services throughout the EEA countries. UK FCA is considered the most reputable fin...

XM, Is my profit on MT4/MT5 considered a taxable income?

It depends upon the regulations imposed by your local authorities. As a rule, normally profits from trading should be reported in your tax return. Please check the rules and regulations governing your region in regards to taxable i...

How is FXPro regulated by both UK FCA and Cypriot CySEC?

Regulation matters when it comes to protecting customers and is something that FxPro takes very seriously. FxPro is authorized and regulated in both the UK and Cyprus by the respective financial services regulatory bodies so the broke...

Tickmill, Can I open MT4 accounts from South Africa?

Yes, you can open a MT4 trading account with Tickmill while residing in South African region. Due to regulatory reasons, Tickmill cannot accept traders from only the United States, Cuba, Iraq, Myanmar, North Korea and Sudan. To con...

Which Tickmill entity/company should I choose on the official website?

When you open the Official Website of Tickmill, you will see the following choices which each option specifies different entity within Tickmill group. You may choose the entity appropriate for your country residence and trading st...

What are iForex and Vestle? What's the difference of their service?

Very soon, iFOREX will change its name to Vestle. Why is this happening and how does it affect you? Here's everything you need to know about the new branding. Combine technology with personal touch While the industry offers autom...

What's different between Retail and Professional Clients for ESMA's regulation?

Here are the main differences between 'Retail Clients' and 'Professional Clients'. Retail Clients Professional Clients Maximum leverage Between 2:1 and 30:1 depending on the instrument Up to 500:1 depending on the ins...

HotForex, Are there any changes to Negative Balance policy due to ESMA's new regulation?

HotForex is already providing its clients with negative balance protection, regardless of the classification, therefore there is no change here. As a client, you should make yourself familiar with the changes that ESMA has enforced an...

What changes by becoming a 'Professional Client' in ESMA's regulation?

When deciding whether to apply to become a Professional Client, those are the main topics to consider: Risk Warnings: your account will not be restricted with standardized risk warnings and rules that shield Retail Clients. Commu...

HotForex, How are ESMA's regulation changes affecting me as a client/trader?

The new ESMA measures concern Retail Clients. The majority of HotForex clients are classified as Retail and are informed of this classification in the welcome email they receive after the successful approval of their myHotForex accoun...