First applied init is currently undergoing a process of revision, with a new Directive to come into force possibly in All these charges have to be taken into account as they can have a significant impact on your profit margin. The length of the contract here extends up to 3 months. The most popular type of forward transaction is definitely Swap.
Eventually, you can file a complaint against a broker and as HCMC takes the process very seriously you can feel confidence about security of your funds even if some damage was caused to you.
For the purpose, no particular exchange rate has been set. This allows such brokers to offer their services across all EEA member countries. The HCMC was instrumental in stemming a total collapse in the Athens stock exchange by banning the concept of short selling of shares during the financial meltdown ofand the rule was upheld for 60 days before the commission restored market order.
It is flourishing and has really great potentialities. They will also not be able to use their funds as they wish without any restrictions.
Considered as main participans of the forex market in Greece are the investment banks, commercial banks, brokers, global money managers and registered dealers. Being a type of forward transaction, the future is preferred tool as well. One of these is the Markets in Financial Instruments Directive, or MiFID, which regulates firms providing services relating to the buying and selling of financial instruments such as bonds, shares, and derivatives.
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- First applied init is currently undergoing a process of revision, with a new Directive to come into force possibly in
MiFID was created with the aim to harmonise European financial markets and to increase the number of cross-border investment orders. So how does the HCMC work to protect the traders under its purview? HCMC regulated brokers and companies contain firms from a broad range of metatrader cfd demo sectors, which include portfolio management companies, real estate investment companies, portfolio management firms, mutual fund management companies, investment companies, hedge funds, stock brokers, and other participants of the Athens Stock Exchange.
HCMC also studies professional suitability of financial service providers to ensure stability of the markets and thoroughly investigates claims made by investors trading with companies under its supervision.
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Greece Forex Brokers - Best Greek Brokers
Regardless of the economic turmoil that affects Greece in the present era, Greece had an illustrious history in the global markets. Despite the fact that Greece has been in significant financial turmoil for a number of years, financial markets are strictly regulated in the country and if you choose one of the Forex intermediaries under HCMC supervision you will be able to trade without fear for your capital.
There will also be certain procedures in place to deal with customer complaint,s as well as compensation best trading strategies for bitcoin to cover certain types of losses. More Forex Brokers by Regulation Authority. Deposits have to be handled in a certain way, which often means they are kept in segregated accounts, and the broker will comply with an accepted code of conduct; whereas choosing an unregulated broker means you will be running the risk of never seeing your money again.
Other Popular Articles. HCMC also studies professional suitability of financial service providers to ensure stability of the markets and thoroughly investigates claims made by investors trading with companies under its supervision.
HCMC Regulated Forex Brokers
Greece Forex Brokers May 20, forex trading free bonus Last Update: You need to feel confident that your funds are safe and will be accessible when you need them. They must also have to have enough substantial capital set aside for covering risk or unexpected losses.
Mar 25, 4: Overseas brokers are banned from offering their services to Forex traders from Greece; unless such brokers originate from the EU and are regulated by a MiFID approved regulatory organization.
Charges are often levied via the spread, but your broker could also charge additional fees and commissions. Several industry experts and large organizations claimed the inefficiency of the Central Bank of Greece and other regulatory organizations to be a major downfall that aided the decline of the Greek economy.
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The liquidity that is provided by the market to the currency traders is good. The regulator supervises both Greek and foreign investment companies operating in local financial markets: Nevertheless, the future of HCMC Forex brokers looks bright in light of the recent reformatory guidelines and the intervention of the EU on the performance and oversight of financial companies operating in the Greek financial system.