About that Country :
Cyprus offers a very positive environment to establish a forex broker firm within. It is a well established and respectable jurisdiction in regards to the issuing of a financial licensing. It follows very strict rules and regulations as implemented by the financial services authority of Cyprus (CySEC – The Cyprus Securities and Exchange Commission). Therefore, having a Cyprus forex license can prove to be a very positive investment, as it gives your traders the peace of mind that you are a fully licensed and regulated FX broker in an honest and reliable European jurisdiction.
Cyprus forex licenses are issued by the same body, CySEC. This is a highly stringent licensing and regulatory body, and is renowned for being one of the top licensing bodies in the world. Many of the world’s largest forex brokers hold a CySEC license. Without it, a Cyprus-based forex business will not be considered as a serious and professional institution.
About that Regulating Body :
Cyprus has brought together a comprehensive list of CySEC guidelines that are continually tweaked and updated to keep brokers in line. Forex brokers regulated by the CySEC should conform to the following rules to be able to receive a valid CySEC license :