Cyprus forex broker license
The mere existence of license often becomes a key criterion when choosing a forex broker for a trader. European licenses are considered one of the most prestigious and reputable, because such brokers are regulated by European regulators such as CySec, FSC, GBOT, MFSA, IFSC, FSA, NFA, ASIC.
A European Forex license is not only a status and increased trust from clients, it is also an entry into new markets. The European license allows you to work with clients from all over the European Union. The Legarithm team suggest its clients to consider obtaining a forex license in Cyprus.
Why Cyprus forex license is interesting?
- This license is recognized by all EU countries;
- Fast and easy procedure for obtaining a license (in comparison with other EU countries);
- A real regulator that the investor can directly contact;
- Respectable and well-known jurisdiction.
However, it is worth considering that a brokerage license in Cyprus requires more preparation and a much larger share capital (125,000 EUR – 730,000 EUR).
The Legarithm team is ready to discuss your project, write to us via chat for a detailed consultation.