If you are new to the cryptocurrency trading industry then it is obvious you do not have much information about the crypto brokerages. This is when you need a platform that can make things easier for you. If that is the case, then you can carry on reading my Crypto Conduct Authority review so you no longer have to look around. The platform has a list of brokerages you can go through. You can view the details of each brokerage and then choose the one you like.
Brokerage List Offered by Crypto Conduct Authority
Crypto Conduct Authority maintains a long list of cryptocurrency brokerages. The list has more than 50 brokerages so you can choose the one you wish to trade with.
The best thing about the list is that all of these cryptocurrency brokerages are accredited, meaning that they have gone through a proper screening process to make it to the list.
These brokerages are highly regulated and are very trustworthy, at least when they are accredited and added to the list.
You Have Broker Safety from Crypto Conduct Authority
If you are connected with any of the CCA-listed brokers, which does not agree with you against your compensation claim, you can refer to the committee.
You can raise a complaint with the CCA after getting a response from the brokerage. The Crypto Conduct Authority then takes the matter into its own hands and checks with the brokerage about its decision.
It gathers all the necessary information about the matter to try and establish the cause of the complaint and then find a solution. It acts as a middle-man between you and the brokerage, bringing you on the same page, and finding the right resolution.
You have Coverage from Compensation Fund
If a brokerage is on CCA’s list but does not admit to paying the compensation that you deserve, the platform pays it from its end. However, the funds it uses are from the compensation fund Crypto Conduct Authority has put in place just for this purpose.
The maximum compensation the Crypto Conduct Authority can pay you from the compensation fund for each case is €100,000.
You must remember that prior to filing a complaint at the Crypto Conduct Authority, you raise the complaint internally with the broker. If the broker responds with its resolution (Internal Dispute Resolution – IDR), which is not satisfactory for you, you can provide it to the Crypto Conduct Authority while submitting your complaint.
More Benefits for Traders
If you are a trader, then you have many more benefits from Crypto Conduct Authority. It offers you the ability to check the prices of cryptocurrencies, learn about cryptocurrencies, get tips from the platform, and become a student a the traders’ education program.
Benefits for Brokers
If you are a broker and are eager to gain exposure in the crypto trading market to experience a great influx of investors, you can join Crypto Conduct Authority. You can apply to become a member of the list of brokers at CCA.
You will be required to provide the necessary and required information about your business and the services you offer before being enlisted. You will have to be regulated and accredited before you are certified to become a brokerage enlisted at Crypto Conduct Authority.
Being enlisted on CCA means you are among the highly trustworthy and certified cryptocurrency brokerages. Like the traders, you are also covered by Crypto Conduct Authority when it comes to disputes and complaints coming in from the traders’ side.
Time to reach out to Crypto Conduct Authority
If you are feeling compelled to join Crypto Conduct Authority as a broker or a trader, you can reach out to them via their email or write them your query from their website. Someone from Crypto Conduct Authority will revert with a response to your query.
Ending Thoughts
You must keep in mind that although CCA is offering you a list of trustable firms, it does not mean that you can expect guaranteed gains. The gains are completely dependent on your trading skills and understanding of the market. Therefore, you have to first decide whether you are prepared to trade or not, and then proceed with joining a brokerage.
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