Lot of questions I got about CFTC
Below you can find the answer..
Official Response from Trading Point of Financial Instruments Ltd.
Trading Point of Financial instruments is aware of the September 8th complaint by CFTC for failure to register according to the new legislation, this complaint is already been discussed with the CFTC hence we have stopped accepting clients with permanent residence in the USA. We consider the matter resolved since November 2011.
Trading Point of Financial Instruments is a European regulated company licensed by CYSEC and in strict compliance with the Markets in Financial Instruments Directive 2004/39/EC.
The main objectives of the Directive are to increase competition and consumer protection in investment service. The key aspects of MiFID are to ensure amongst others:
Authorization, regulation and pass-porting, client categorization, client order handling, pre-trade transparency, post-trade transparency, best execution and Systematic Internaliser.
MIFID consumer protection regulation is by no means inferior to any non EU equivalent. Moreover the EU directive respects the rights of any responsible trader to trade under the conditions he chooses as long as the substantial risks of financial loss are clearly made known to him.
Trading Point prides itself on its reputation for having the client’s best interests as its cornerstone. The company respects and does its best to be in line with the laws of every country.
