Wonderinterest Trading Review
Wonderinterest Trading is a new forex brokerage based in Lefkosia, Cyprus that has just been granted a license by the Cyprus Securities and Exchange Commission (CySEC). It looks like its website has also just been created and there isn’t much information about the broker’s services yet.
Cyprus is probably the most popular jurisdiction for forex brokerages due to the well-balanced regulation and favourable business climate. CySEC-licensed brokerages have to meet certain requirements, such as to hold at least €730 000, report their trades on a regular basis, and keep client money in segregated accounts, among other things. Furthermore, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation to a maximum of 20,000 EUR to its covered clients, if something goes wrong.
Additionally, every CySEC-regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU.
Wonderinterest Trading Review Conclusion
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