Skrill Forex Brokers Regulated by the CySEC
Skrill is a simple, quick, and safe digital payment transfer. Formerly known as "Moneybookers", they have served businesses of all sizes. Skrill's focus is on low-cost international money transfers made possible through the internet. It's an online wallet where you can fund or withdraw your trading balances.
As one of the most favorable forex brokers to trade with are those regulated by CySEC (Cyprus Securities and Exchange Commission), here we provide you a list of CySEC forex brokers providing Skrill payment.
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What are the benefits of using Skrill in forex brokers?
- Very fast. Using Skrill won't take much time because every transaction is processed instantly.
- Transparent. Skrill offers a transparent report that is published weekly or monthly.
- Accepted by many brokers. It won't be difficult for you to find a decent broker that accepts deposits and withdrawals via Skrill.
- Free service. No matter the amount or the time you make the transactions, there won't be any fees charged.
- Special privileges. Many brokers have partnerships with Skrill and there are extra advantages that come with it. The rewards can be free credits, bonuses, or interesting trading features.
Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose
What is the responsibilities of CySEC?
CySEC (Cyprus Securities and Exchange Commission) is an independent public supervisory authority responsible for the following:
- overseeing the investment services market, transferable securities transactions, and the collective investment and asset management sector
- regulates firms that provide administrative services
- market surveillance and investigations
Continue Reading at 6 Best Forex Broker Regulators in the World
Yes, Skrill is just as secure as let's say, PayPal and credit cards. Skrill is regulated by the UK's FCA where it's also registered as Money Service Business. This means the company is authorized and audited by the British government, making it undoubtedly a legitimate and reliable money transfer operator.
Furthermore, being regulated by the FCA means Skrill is only allowed to partner up with other trusted companies and follow strict guidelines regarding money laundering. This is important because if Skrill gets caught doing business with scammers, they would risk losing their license and customers.
Continue Reading at Top Brokers for Stock Trading that Accept Skrill
The CySEC, also known as the Cyprus Securities and Exchange Commission, is a government-owned financial regulatory body based in Cyprus. Since Cyprus is a member state of the European Union, all states listed as members of the European Union recognize financial companies licensed by CySEC.
CySEC might happen to be the largest government-owned regulatory agency of forex and binary options brokers in the world. The agency is responsible for granting as well as monitoring operation licenses to brokerage firms.
Continue Reading at Comparing CySEC Vs FCA Regulation