Our prime brokerage is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) – which is one of the most reliable forex licensing in the world - under license number 138/11 in accordance with the Markets in Financial Instruments Directive (MiFID).
It also holds a cross border license, authorizing the company to provide Investment and Ancillary Services to all European Union Member and to 75 third countries, such as FCA (UK), BaFin (Germany), Banque De France (France), and others. For registration include capital adequacy requirements, submission of financial reports to the regulators, and the undertaking of a detailed annual audit performed by an independent auditor.
The Cyprus Securities and Exchange Commission (CySEC) is the supervisory and regulatory authority for Investment Services firms in Cyprus and is a member of the Committee of the European Securities Regulators (CESR).
This is governed by all applicable EU and local regulations, including the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).