CentroFX is a brand operated and owned by R Capital Solutions Limited, a company registered under Cyprus Company Law (HE329922) and regulated by Cyprus Securities and Exchange Commission (License 246/14), the supervisory and regulatory authority for Investment Firms in Cyprus.
R Capital Solutions Ltd is in compliance with the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 Law 144 (I)/2007, and exercised its right for cross border services to all EEA member states as well as to various third countries.
What is CySEC?
The Cyprus Securities and Exchange Commission (CySEC) is the independent public supervisory Authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in the Republic of Cyprus.
Komisja Nadzoru Finansowego
Czech National Bank
The National Bank of Slovakia
Markets in Financial Instruments Directive (MiFID) 2004/39/EC In force since November 2007, this directive governs the provision of investment services in financial instruments by banks and investment firms. The key objectives of MiFID are to provide a harmonized regulatory environment for investment services and activities across the member states of the EEA, to enhance financial transparency, to increase competition and to offer greater consumer protection in investment services.
R Capital Solutions Ltd is a member of the Investor Compensation Fund (ICF), set up by the Central Bank of Cyprus and the Cyprus Securities and Exchange Commission (CySec) for clients of Cyprus Investment Firms (CIFs).
The ICF was established to secure the claims of covered clients against a CIF through the payment of compensation in the event that the CIF in question was unable to return to covered Clients funds owed to them or funds which belong to them but are held by the CIF in the context of providing investment services to the said Clients or hand over to covered Clients financial instruments which belong to them and which the CIF concerned holds, manages or keeps on their account.
Membership of the ICF ensures that clients of R Capital Solutions Ltd can claim compensation in the event that R Capital Solutions Ltd is unable to compensate its clients for a claim. This provides R Capital Solutions Ltd clients with an extra measure of insurance for their funds.
The ICF does not cover Institutional or Professional investors but only retail Clients.
Under the Rules and Regulations of the ICF, the total payable compensation to each covered Client may not exceed €20.000, irrespective of the number of accounts held, currency and place of offering the investment service.
In accordance with EU financial regulations, clients funds are kept in reputable licensed financial institutions within the EU and are at all times segregated from the company's operational funds.
CentroFX has put in place an automated negative balance protection mechanism, a margin call, which is set to automatically close all of the trader’s open losing positions, ensuring that the client’s risk is limited only to the funds originally deposited into the account.