The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

Regulatory

Regulatory

'fxfinpro.com' is a domain owned and operated by PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840, having its principal place of business at 82 Nikou and Despina Pattichi Avenue, Maritania Court, Office 101, Kato Polemedia, 3070 Limassol, Cyprus (hereinafter the ‘Company’).

The Company is regulated as a ‘Cyprus Investment Firm’ (‘CIF’) by the ‘Cyprus Securities and Exchange Commission’ (‘CySEC’) under License nr. 193/13.


Cyprus Securities and Exchange Comission (CySEC) has been founded to maintain the proper regulation and supervision over CIFs pursuant to Paragraph 5 of the Cyprus Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001, as the same may be modified and amended from time to time. CySEC’s task encompass, inter alia, the control and supervision over the operations of currency markets and trading deals that take place in these markets. It also carries out a number of other functions in accordance with its legal powers.

As such, the legal powers of CySEC include, inter alia:

  • Supervision and control over issuers of financial securities tradable at the exchange;
  • Inspection of companies, brokers, investment consultants and managers of open-end fund companies;
  • Licensing of investment companies, investment firms and brokers;
  • License revoking due to special reasons;
  • Carrying out disciplinary actions and administrative penalties against brokers, investment consultants and other individuals and legal entities under its jurisdiction.

As a CySEC regulated firm, the Company maintains Complaints Handling Procedures, which you can find by clicking here.

Clients should notify the Company as soon as reasonably practicable if they wish to raise a complaint or dispute by e-mailing the Company at complaints@fxfinpro.com. Clients should keep their own records of any information which might be cited in their complaint, as that will assist the Company in investigating such complaints or disputes. The Company will investigate any complaint or dispute and notify Clients involved of the results of the investigation.



The Company has procedures and guidelines designed to enable it to deal with complaints fairly and quickly; Clients may contact the Company at any time for further information on such procedures and guidelines. If after receiving the Company’s final decision for the relevant complaint, a Client is dissatisfied with the Company’s handling or findings in relation to that complaint or dispute, the Client involved may (if it is categorized as a Retail Client) refer the matter to the Financial Ombudsman Service for further investigation.

An important task for CySEC is improving the transparency of regulated financial companies. You can use CySEC official website to check whether the respective license is valid: http://www.cysec.gov.cy/en-GB/entities/. The regulator also runs a list of known fraudsters and publishes warnings if any regulated company is found to be violating any regulations.

The office address of CySEC is

27 Diagorou Street, 1097 Nicosia, Cyprus Tel: +357 22 506 600 Fax: +357 22 506 700

Web:

www.cysec.gov.cy

and its postal address is

P.O BOX 24996, 1306 Nicosia, Cyprus.

DISCLOSURES

ICF

Being a CySEC regulated firm, the Company participates in the Investor Compensation Fund for clients of Cypriot Investment Firms (CIFs) and other Investment Firms (IFs), which are not credit institutions (hereinafter called the ‘Fund’). Depending on the client’s status and the circumstances of the client’s claim against the Company, clients may be entitled to compensation from the Fund, if the Company cannot meet its financial obligations to the client; in such case, the Client may receive compensation for any successful claim subject to a maximum compensation of 20000 Euro.

For any further information regarding the Fund, please refer to the Investor Compensation Fund Adherence Statement, which you can find by clicking here.

FCA: CySEC

The Financial Conduct Authority (FCA) is a regulatory body in the United Kingdom, formed as one of the successors to the Financial Services Authority (FSA) in the territory of England. It operates independently of the United Kingdom government, and is financed by charging fees to members of the financial services industry. [4] The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets. [2] It focuses on the regulation of conduct by both retail and wholesale financial services firms. [5] Like its predecessor the FSA, the FCA is structured company limited by guarantee. ‘PFX Financial Professionals Limited’ is registered with the FCA under the number №609839.

MiFID

The Markets in Financial Instruments Directive (2004/39/EC) or MiFID has been developed by the European Parliament and Council and is a part of the EU efforts to create a unified European market for financial instruments and services. MiFID establishes new regulation procedures aimed in particular at increased transparency of transactions in stocks and derivatives.

The main areas of MiFID application are:

  • Operation of exchanges and other currently non-regulated trading institutions;
  • Introduction of pre- and post-trade transparency requirements for security trading;
  • Widening the range of investment services and products requiring authorization/licensing;
  • Enabling international operation for investment firms previously authorised by national authorities through opening branch offices in other EU countries.

BaFin

The Federal Financial Supervisory Authority ( German: Bundesanstalt für Finanzdienstleistungsaufsicht ) better known by its abbreviation BaFin is the financial regulatory authority notthe StateGermany. It is an independent federal institution with headquarters in Bonn Frankfurt Federal Ministry of Finance (Germany). BaFin supervises about 2,700 banks, 800 financial services institutions and over 700 insurance undertakings. ‘PFX Financial Professionals Limited’ is registered with the BAFIN under the number №135528

We would like to remind you that although trading of derivatives on margin may offer many benefits, it is important to note that it also carries a high level of risk. Please click here to read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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