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CySEC Forex Brokers

CySEC Forex Brokers

The Cyprus Securities and Exchange Commission, better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC’s financial regulations and operations comply with the European MiFID financial harmonization law. Cyprus is an island in the Mediterranean and the part of the EU truly becameย one of the main hubs of Forex Companies. The destination became popular due to a possibility to carry out operations across Europe through relatively easy establishment conditions, its perfect location andย availability of regulatory agencyย together with low Cyprus taxes.

Cyprus Securities and Exchange Commission or CySECย regulate most all of the brokers that are based and headquartered in Cyprus. Furthermore, there are a significant number of companies operating various types of financial activities out of Cyprus and complies with CySEC regulations too. CySEC operates as a subsidiary of the European MiFIDย which enables members to perform European businesses, yet throughout relatively easy regulatory guidelines and faster approval processes.

CySEC also is a broker-friendly authority that allows most of the financial practices that even showed cases indulged into some high-risk operations and resulted in criticism from the world respected authorities. However, the CySEC constantly reforms its guides in order to ensure that all CySEC Regulated Forex Brokers complies fully with the protective laws towards investors, their funds and interests.

CySEC Forex Brokers

Regulated โ€“ CySEC
Foundation Year โ€“ 2011
Minimum Deposit โ€“ $10
Headquarters โ€“ FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol
Regulated โ€“ CySEC
Foundation Year โ€“ 2011
Minimum Deposit โ€“ $500
Headquarters โ€“ 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebรจne
Regulated โ€“ CySEC
Foundation Year โ€“ 2010
Minimum Deposit โ€“ $500
Headquarters โ€“ 13/14 Basinghall Street, City of London, EC2V 5BQ
orbex
LCG
Regulated โ€“ CySEC
Foundation Year โ€“ 1996
Minimum Deposit โ€“ $500
Headquarters โ€“ 5 North Buckner Squar Olde Towne Sandyport, Sandyport Marina
orbex
FBS
Regulated โ€“ CySEC
Foundation Year โ€“ 2009
Minimum Deposit โ€“ $5
Headquarters โ€“ Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
Regulated โ€“ CySEC 292/16
Foundation Year โ€“ 2016
Minimum Deposit โ€“ $250
Headquarters โ€“ 2 Sofouli Street, Chanteclair Building, 6th Floor, Office 602, Nicosia
orbex
XM
Regulated โ€“ CySEC
Foundation Year โ€“ 2009
Minimum Deposit โ€“ $5
Headquarters โ€“ 36, Makariou & Agias Elenis, โ€˜Galaxiasโ€™ Building, 5th floor,1061, Nicosia

CySEC – Cyprus Securities and Exchange Commission

The Cyprus Securities and Exchange Commission (CySEC) is the independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

CySEC Responsibilities

The main duties and responsibilities of the CySEC are set out in Article 25 of the Law which Regulates the Structure, Duties, Powers, Organisation of the Securities and Exchange Commission and other Related Matters (L73(I)/2009)