Cyprus Forex License

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Cyprus Forex License

Brief Overview:

Cyprus Forex broking business is licensed and regulated by the Cyprus Securities and Exchange Commission and by extension the EU Markets in Financial Instruments Directive – MiFID and the European Law since Cyprus is a member of the European Union.

License Scope and features:

  • Reception and transmission of orders in relation to one or more financial instruments
  • Execution of orders on behalf of clients
  • Dealing on own account
  • Portfolio management
  • Investment advice
  • Underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis
  • Placing of financial instruments without a firm commitment basis
  • Operation of Multilateral Trading Facility