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Best CBI Regulated Forex Brokers 2020

FX Empire Editorial Board
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CBI Responsibilities

The CBI is tasked with numerous responsibilities for the protection of investors and the European financial markets. In order to do this, they must create and implement many rules and regulations for all the financial entities they oversee. Which includes every Forex broker in Ireland and even some abroad. The CBI must carefully examine each and every brokerage who applies for licensing through them, making sure they meet the highly strict guidelines imposed by them. As well, The CBI is responsible for taking complaints and settling any disputes between investors and brokerages. Another important responsibility is to enforce the rules they impose on financial companies through various supervision techniques.

How CBI Regulation Protect You

The most important role of the CBI regulation is the protection of consumers and investors. They achieve this through the prevention of fraud and financial abuse in brokerages and financial companies alike. They achieve this level of protection by making it mandatory for all financial firms or entities regulated by them to adhere to their strict regulatory guidelines. All firms must pass an intense and secure licensing process, which prevents companies from participating in any financial malpractices.

Guidelines for CBI Regulated Brokers

Forex brokers governed by CBI regulation must adhere to the strict guidelines imposed on them. This is to ensure brokerages maintain safe, secure, and transparent financial practices, as well as to maintain the integrity in European financial markets. All forex brokers are required to submit annual audit reports as well as other financial information on a periodic basis. This is to ensure they are not committing any money laundering or other financial malpractices. As well, brokers are required to keep clients’ funds in segregated accounts to protect them from events such as bankruptcy. Another important guideline is for brokers to be completely transparent with their pricing structure and advertising methods.

Trade With A Regulated Broker

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