By adhering to the strict MiFID standards, UFXMarkets is committed to placing our clients' investment first ... we are constantly working to provide a better trading experience for our clients.
(PRWEB) February 15, 2012
UFXMarkets has recently become licensed and regulated under the Markets in Financial Instruments Directive (MiDID). This European Union law creates safe-practice standards, allowing individuals and companies to use UFXMarkets investment services with the utmost confidence. Complying with MiFID requires rigorous standards of conduct and trade, as exhibited by UFXMarkets.
As Dennis de Jong, executive director at UFXMarkets, explained, "By adhering to the strict MiFID standards, UFXMarkets is committed to placing our clients' investment first [...] we are constantly working to provide a better trading experience for our clients."
The Markets in Financial Instruments Directive (known as MiFID) provides one umbrella location for regulating investment services across the 20 member states of the European Economic Area (which includes the 27 Member States of the EU and Iceland, Norway and Liechtenstein).
Customers can rest assured when using UFXMarkets’ services that UFXMarkets is being held to the highest standards of business practice with their MiFID licensing and regulation. MiFID specifies what information needs to be captured with client orders, making sure that a company is acting in the best interest of the client. They require pre-trade transparency for client interactions and post-trade transparency. They require that companies use the best possible result when executing orders for clients. This means offering the best execution price, but it also means regulating and monitoring cost, speed and other important factors.
MiFID offers investor protection while also strengthening confidence in the market for investors. As part of MiFID, UFXMarkets can now offer investors in the European Economic Area their services, guaranteeing fair practices, confidence and security. In addition, the MiFID regulation allows investors in the UFXMarkets to buy investment services across national borders and to do so with ease.
UFXMarkets is operated by ReliantCo Investments Limited, a Cyprus Investment Firm (CIF) that is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC). UFXMarkets operates under license number 127/10.