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Trade
CROFR is a task certification requirements
The centre for regulation of relations in financial markets (FMRRC) is a non - profit organization that monitors the quality of services of brokerage companies and dealing centers. The companies that are reviewed by the regulator and fulfilled its conditions, issued a special certificate of compliance.
For example, the broker could receive FMRRC certificate, he needs to work on the market for at least 2 years, have more than 2,500 commercial accounts and at least 5,000 registrations. Necessarily the presence of offices in several countries.
Not necessarily, but it is very desirable that the broker was regulated by one organization, it will be a positive factor in the issuance of the certificate. In addition, each participant makes a cash contribution to hold the controller, and transfers funds in a special compensation Fund.
Example of certificate for a major binary options broker:
What is the FMRRC
Here are the main tasks of the regulator FMRRC:
• evaluation of companies at fin. the markets, which has applied for a certificate of certificate holders are also held periodically check);
• issuance of certificate of conformity;
• modernization of the assessment system for analysis of financial markets participants;
• the establishment and maintenance of a compensation Fund to cover possible losses of clients of the companies with a certificate from the centre of regulation of relations in the fin. markets.
With all the requirements of the regulator in relation to companies operating in the financial markets, can be found on the official website of FMRRC. Unfortunately, we were unable to find information about all organizations that have a certificate, as well as members of the regulator (Commission). We only know that the existing certificates Jan 2015 21 thing.
Among the companies that received certificates of conformity to the requirements of the Center, you can find brokers market binary options brokers for Forex and investment projects. Company regulated by FMRRC, as a rule, place this information on their websites, for example:
Other regulators in the financial markets:
• CySEC
• CRFIN
In addition to trading risks, which meets every trader there are also non-trading, and to take them into account as necessary. To minimize non-commercial risks, it is necessary to look for reliable brokers whose activities will be governed by special organizations. CROFR is a regulator carefully examines the activities of certified companies.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 341
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