Licenses and Regulations
One of the client's top criteria on selecting a trading firm is to find a regulated one where EU regulations will be adhered at all times. Trading with a regulated investment firm, clients are comfortable that proper security, transparency and integrity on their daily transactions will occur.
IronFX is authorized and regulated, registered and member of the below competent authorities/ regulators as well as professional and governmental bodies:
The Cyprus Securities and Exchange Commission better known as CySEC, is the financial regulatory agency of the Republic of Cyprus. Since Cyprus became a member of the European Union in 2004, CySEC has become part of European MiFID regulation
CySEC has a number of responsibilities, some of which include: supervising and controlling the operations of the Cyprus stock exchange and the transactions carried out in the stock exchange, its listed companies, brokers and brokerage firms. Furthermore, CySEC is the supervisory body of the Cypriot investment firms and is a member of the European Securities and Markets Authority (ESMA).
IronFX is authorized and regulated by CySEC and is freely to provide investment and ancillary services or/and perform investment activities (i.e. EU Cross Border services) in the United Kingdom, Germany, Spain and in any other EEA member state.
IronFX (Australia) Pty Ltd, a subsidiary of IronFX Financial Services Limited, is authorised and regulated by the Australian Securities and Investment Commission (ASIC), under AFS licence number 417482.
ASIC is Australia’s corporate, markets and financial services regulator and contribute to Australia’s economic reputation and wellbeing by ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers. ASIC is an independent Commonwealth Government body, which is set up under and administers the Australian Securities and Investments Commission Act (ASIC Act), and it carries out most of its work under the Corporations Act. As the financial services regulator, ASIC licenses and monitors financial services businesses to ensure that they operate efficiently, honestly and fairly.
The Markets in Financial Instruments Directive 2004/39/EC (MiFID) as subsequently amended is a European Union law that provides harmonised regulation for investment services across the 30 member states of the European Economic Area (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). MiFID retained the principles of the EU 'passport' introduced by the Investment Services Directive (ISD).
IronFX is fully compliant with MiFID regulation, since the latter has been introduced by the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007)
To view MiFID regulation, please click here
IronFX is a member of the Cyprus Financial Services Firms Association (CFSFA).
CFSA is the official representative body of all Cyprus investment firms (CIFs) which are members of the Cyprus stock exchange, a number of investment firms which are members of the Athens stock exchange and remote members of the Cyprus stock exchange, as well as a number of CIFs whose main activities relate to the provision of services for investments abroad. All members of the Association are licensed and regulated by the Cyprus Securities and Exchange Commission.
To view IronFX CFSFA membership,please click here
Investor Compensation Fund
IronFX is a member of the Cyprus Investor Compensation Fund (Fund). The Fund constitutes a private legal entity and its administration is exercised by an administrative committee of five members, who are designated for a three-year term.
The object of the Fund is to secure the claims of the covered clients against investment firms that are members of the Fund by the payment of compensation for clients' claims given the failure of the member of the Fund to compensate the client.
For further detail for the membership and the fund,please click here