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
