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Announcement to clients of BCM Begin Capital Markets CY Ltd (BCM). More information

Lesson 1 | Choosing your broker
  • The broker must be authorized to provide investment services in your country and provide you with its licence details. You shall be able to verify the licence with your national regulator. In Cyprus, for example, the market is regulated by CySEC and you can verify your broker with the regulator’s lists.

  • The broker should provide services in your language and should be able to communicate in the way you prefer (in person, by phone, email or chat). Check its competence not only on the broker’s website, but you can also use an independent comparison websites and reviewers, however be aware of the fact that they may also contain advertisement. Examples: https://forbino.com/en/broker-comparison/, Trader-magazine.com

  • The broker should provide you, among others, with the following information in advance: Risk disclosure, Trading terms and conditions, Privacy rules. An overview of the legal framework can be found in educational articles, e.g. on Investopedia (https://www.investopedia.com/terms/m/mifid.asp).

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 92.38% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the Risk Disclosure.


BCM Begin Capital Markets Cy Ltd. currently does not accept registrations from Slovenian nationals or residents.