Regulation & Licensing
ABF Trade is authorised and regulated by the Cyprus Securities and Exchange Commission. Below you can find key licensing and jurisdiction details to support your due diligence.
CySEC Licensed Regulated
CySEC, Cyprus Securities and Exchange Commission is the financial regulatory body that grants operating licenses, inspects the securities of companies listed on the Stock Exchange, and imposes administrative sanctions to brokerage service firms, investment consultants and to other legal entities. ABF Trade is a licensed CySEC Broker with license no. 171/12 and a holder of the Cyprus Investment Firm (CIF) license under the control of Cyprus Securities and Exchange Commission (CySEC).
Registered Jurisdictions
KNF: The Komisji Nadzoru Finansowego is the financial regulator of Poland and is responsible for regulating the financial services industry within the country. ABF Trade is registered with the KNF through the MiFID passport and can be looked up on the KNF website.
BaFin-Federal Financial Supervisory Authority: The financial supervisory authority of Germany oversees the financial markets in Germany. ABF Trade is registered with BaFIN to provide investment services within Germany with BaFIN ID 132843.
In addition to registration with BaFIN and KNF, ABF Trade is registered with every EEA regulator and maintains a registration number with each competent body within the EEA. For details of the registration in other regions please contact support and they will happily provide further information.
MiFID, MiFID II & MiFIR
As a European investment firm, ABF Trade legal infrastructure and operational policies are in line with MiFID II directives. The EU accession has automatically granted CySEC a member of the Markets in Financial Instruments Directive which it has over the years become the financial lynchpin of the European Commission's Financial Actions Plan. It provides coherent regulation of all financial investment services among the 30 member states of the European Economic Area under EU law for the primary purpose of providing consumer protection.
Segregated Accounts
The protection of client funds is of paramount importance for ABF Trade, which is why all client funds are held in segregated accounts within secure banking institutions, thereby safeguarding against their use for any other purpose. ABF Trade as a segregated account broker operates this kind of separate account principally to shield client investments from circumstances resulting from risk of any force majeure relating to company's activity. Therefore, rest assured that all clients' funds are intact with us.
Investor Compensation Fund
ABF Trade is a member of the Investor Compensation Fund. The Fund was established under the Investment Firms Law of 2002 and the establishment and Operation of an Investor Compensation Fund for customers of Cyprus Investment Firms Regulations of 2004 which were issued under the Law. All retail clients have their funds insured to a maximum of 20,000 Euros each, in the unlikely event that the company cannot fulfill its obligations due to insolvency.
Audits
In order to safeguard our clients' best interests and to ensure that all company operations are in full compliance with European laws & regulations, we work closely with our internal and external auditors who have each been selected based on their international reputations as leaders in their sector. Our audits are carried out by Baker Tilly and FAI Comply.