A company that provides brokerage services in financial markets is obliged to deliver quality and reliable service as well as to assure the security of financial transactions. In order to protect own funds one must make sure that the brokerage company has all necessary regulating documents confirming that its activities comply with the legislature of respective countries and international financial standards. NTFX Capital is officially registered in the Republic of Cyprus and is licensed by CySEC, license #280/15, strictly follows Market Discipline requirements and provides all necessary disclosures. The company also fully satisfies the rules and regulations imposed by Market in Financial Instruments Directive (MiFID). You can check the Annual disclosure on the quality of execution for 2017 and for 2018.
Cyprus Securities and Exchange Comission (“CySEC”) is the regulative body that controls the activities of investment firms on the territory of Cyprus. CySEC is also responsible for the control of the investment services and securities exchange operations provided on the territory of the Republic of Cyprus, a member of European Union.
Investor Compensation Fund (ICF) is the organization with its primary goal to provide investors with protection by the means of compensation in case the investment company fails to return monetary funds and financial instruments to the investor. Compensation can be up to EUR 20 000. Please click here to find out more about ICF
Markets in Financial Instruments Directive (MiFID, Directive 2004/39/EC) was adopted in April 2004 and was revised by MiFID II, taking effect in January 2018 . Its aim is to improve the competitiveness of EU financial markets by creating a single market for investment services and activities, increase transparency and ensuring a high degree of harmonized protection for investors across EU.
Foreign Account Tax Compliance Act (“FATCA”) is a US law on the taxation of US citizens’ foreign accounts with the main goal of fighting tax avoidance by American citizens residing and working outside of the United States.
The Common Reporting Standard (CRS), formally referred to as the Standard for Automatic Exchange of Financial Account Information, is an information standard for the automatic exchange of information (AEoI), developed in the context of the Organisation for Economic Co-operation and Development (OECD).