Cyprus, regulated by CYSEC
Cyprus is one of the most famous region for setting up a FOREX broking firm. CYSEC is a well known regulatory body for FOREX regulation. Cyprus is a member of the EU and the Cypriot financial services regulatory body is the ‘Cyprus Securities and Exchange Commission – CySec. Cyprus also falls under the EU Markets in Financial Instruments Directive – MiFID, European Law.
Hence getting a cyprus FX licenses provides an access to EU market and also a passport license to setup up branches in other Eurpoean regions. CySec was the first financial regulator to recognise and regulate binary options as financial instruments. CYSEC impose administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants for those who do not adhere to their strict Stock Market legislation.
Our team of laowers and consultants provides the whole set up, from the preparation, drafting and submission of the application to CySEC and an on-going post-submission support up to granting of the EU MiFID CySEC license.
For more information, contact our license specialist