Forex Brokers Located In Cyprus
Below you will find a list of Forex Brokers based in Cyprus.
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FAQ
What is the best forex broker in Cyprus?
Finding the best forex broker in Cyprus is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from Cyprus, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.
Where can I trade forex in Cyprus?
The list in this page can be a good reference if you look to trade with in Cyprus. We have sorted specific forex brokers that accept clients from Cyprus, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.
What is the best forex broker for beginners?
If you are a beginner and looking for the right broker to trade forex in Cyprus, some aspects that you need to pay attention to are the low minimum deposit, demo account, and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.
Additional FAQ
What are the obligations of CySEC?
The following are the obligations that fall under the Securities and Exchange Commission of Cyprus:
- Control and direction of all business dealings and other activities carried out in Cyprus.
- The Stock Exchange, in addition to all the businesses and brokerages listed there.
- Control and management of licensed investment firms, funds, and other financial institutions
- Consult firms and businesses specializing in financial management.
- Grant licenses to brokerages dealing in foreign exchange, financial consultants, and investment enterprises.
- Impose fines and other punishments on businesses that, under its legislation, are supposed to be in violation of the rules, terms, and conditions.
- Help with submitting the authorizing applications for the acquisition of venture administration, including obtaining authorization to act as forex brokers.
- Manage the company's internal audits.
- Educate employees on all relevant administrative issues through training.
Continue Reading at A Guide to Cyprus Securities and Exchange Commission (CySEC)
How much money does it take to get forex license in Cyprus?
The process of obtaining a brokerage license in Cyprus typically takes three months, and the broker must have a registered capital of at least EUR200,000. The licensing fee starts at EUR125,000 in addition to legal expenses.
Continue Reading at Top Countries to Apply for Brokerage Licenses
What is the responsibilities of CySEC?
CySEC (Cyprus Securities and Exchange Commission) is an independent public supervisory authority responsible for the following:
- overseeing the investment services market, transferable securities transactions, and the collective investment and asset management sector
- regulates firms that provide administrative services
- market surveillance and investigations
Continue Reading at 6 Best Forex Broker Regulators in the World
What is the structure of CySEC?
CySEC is run by a board of five people, along with two full-time staff members, a chairman, and a vice chairman. On the highest part of that, the Central Bank of Cyprus is represented by a board member who does not have a vote. The government is also attached to CySEC, in which the Minister of Finance makes suggestions to the Ministerial Council about who should be on the boards of directors.
Continue Reading at A Guide to Cyprus Securities and Exchange Commission (CySEC)
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