Regulations

Charlgate Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), license No. 367/18 to provide the following investment and ancillary services:

Investment Services
Reception and transmission of orders in relation to one or more financial instruments.
Execution of orders on behalf of Clients.

Ancillary Services
Safekeeping and administration of financial instruments, including custodianship and related services.
Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction. Foreign exchange services where these are connected to the provision of investment services.

CySEC
CySEC (Cyprus Securities and Exchange Commission) is a financial regulator of the Republic of Cyprus established in 2001 with “The Cyprus Securities and Exchange Commission” law enactment.
The purpose of CySEC is to provide the licensing, regulation, and control of brokers, brokerage companies, dealing centers, and operations carried out on the stock and currency exchange as well as development and implementation of regulations and laws that make the financial market of Cyprus more reliable and transparent.
Regulator website: Cyprus Securities and Exchange Commission.

Market in Financial Instruments Directive (MiFID)
Markets in Financial Instruments Directive (MiFID) is a European legislation which provides a harmonized regulatory environment for investment services and activities across member states of the EEA.
The main objectives of the MiFID Directive are to enhance financial transparency, increase competition, and offer greater consumer protection in investment services.
It creates a level playing field across markets belonging to the European Economic Area, and serves to protect investors while boosting market transparency.

Investor Compensation Fund (ICF)
Charlgate Ltd is a member of the Investor Compensation Fund (ICF), in compliance with Law 144(I)/2007 as amended to Law 87(Ι)/2017.
Investor Compensation Fund (ICF) of Cyprus is an organization, which provides insured clients of the companies registered in CySEC with compensation payments, if the companies aren't able to pay them on their own. In these cases, the compensation may be up to 20,000 euros for one client, regardless how many trading accounts they have, the base currencies of these accounts, and the place where the investment service is provided.