If your brokerage is looking to obtain a forex license in Cyprus, don’t hesitate to contact Atomiq Consulting today. After receiving some basic information about your business plans, we are happy to provide a price for our forex license consultation services as well as comprehensive overview of the license application process.

Founded in 2014, our team of license consultants at Atomiq Consulting have decades of experience in the foreign exchange industry, making us the ideal partner to assist your firm with a forex broker license application in Cyprus. Finally, via our Forex Marketplace we can aid your business with the acquisition of a currently licensed CySEC forex broker.

To learn more about applying for a forex broker license in Cyprus, discuss ongoing fees, and address any other questions you may have, don’t hesitate to contact us today!

Are there any ready made CySEC licenses for sale?

Via our Forex Marketplace, we list the current Cyprus forex license we have on sale.

What is the maximum amount of leverage that CySEC licensed forex brokers are able to offer?

20:1 on CFDs and 30:1 on FX.

How is forex trading regulated in Cyprus?

The Cyprus Securities and Exchange Commission (CySEC) is the regulatory body that oversees all forex & CFD trading in Cyprus.

Is forex trading legal in Cyprus?

Yes. Forex trading is overseen by the Cyprus Securities and Exchange Commission (CySEC). Following the guidelines set forth by MifID II, Cyprus offers a comprehensive legal framework for forex & CFD activity.

What is the CySEC “Fast Track” examination scheme and how does it work?

CySEC has recently brought back the “fast track” authorization process for new forex broker license applications. License applicants that are willing to pay an additional fee of €25,000 will receive priority review of their application by CySEC in order to speed up the application process.

Can Atomiq Consulting assist in becoming a Tied Agent in Cyprus?

Absolutely. In addition to guidance in obtaining a CySEC forex license, we can also help you to become a CySEC Tied Agent.

Is it possible to find a directory of all forex brokers regulated in Cyprus?

Yes, the Cyprus Securities and Exchange Commission offers a complete list of all licensed brokers on their website.

What are the capital requirements needed in Cyprus?

The capital requirements for obtaining a Cyprus Investment Firm (CIF) license vary based on the type of brokerage activities:

• Straight-Through Processing (STP) Brokers: A minimum paid-up capital of €150,000 is required.
• Market Makers / Dealing on Own Account: A higher capital threshold of €750,000 is mandated.

These funds must be deposited into a corporate bank account in Cyprus and are typically frozen during the licensing process to demonstrate financial stability.

Additionally, firms are required to contribute to the Investor Compensation Fund (ICF), which provides protection to clients in case of broker insolvency.

Can Atomiq Consulting assist with locating an office in Cyprus and appointing local directors?

Absolutely. As part of our services, we’ll help to locate office space and guide you in selecting the required directors.

Why Are There So Many Forex Companies in Cyprus?

Cyprus has emerged as a premier destination for forex brokers due to its strategic combination of regulatory advantages and business-friendly environment. Key factors include:

• EU Membership & MiFID Compliance: As an EU member state, Cyprus adheres to the Markets in Financial Instruments Directive (MiFID), allowing firms licensed by the Cyprus Securities and Exchange Commission (CySEC) to operate across the European Economic Area (EEA) through passporting rights.
• Attractive Tax Regime: With a corporate tax rate of 12.5%, Cyprus offers one of the most competitive tax environments in Europe, appealing to financial services companies seeking cost efficiency.
• Efficient Licensing Process: CySEC provides a streamlined and relatively swift licensing procedure compared to other EU regulators, enabling quicker market entry for forex brokers.
• Skilled Workforce & Infrastructure: The country boasts a well-educated, multilingual workforce and robust financial infrastructure, supporting the operational needs of forex firms.

How Much is a Forex License in Cyprus?

The cost of a forex broker license in Cyprus depends on the type of permissions required. For example, a dealing on own account license, often known as “market making,” will require €750,000 in capital. Additional cost considerations are office rent, local staff, accounting, and government fees. In order to obtain a full price quote, we suggest contacting our team of consultants.

Which license jurisdictions are similar to Cyprus?

Brokers seeking regulatory options in Europe should also consider a forex broker license in Malta. Another jurisdiction in the European Union worth exploring would be a forex broker license in Bulgaria.

Is a CySEC License Good?

Yes, obtaining forex license in Cyprus regulated by CySEC is considered reputable and beneficial for FX brokers: 

Market Access: A CySEC license allows firms to offer services across the EEA, leveraging passporting rights to expand their client base within the EU.

Investor Confidence: Being regulated by CySEC enhances a firm’s credibility, as the commission is known for its rigorous oversight and enforcement actions against non-compliant entities.

Operational Efficiency: CySEC’s licensing process is noted for its efficiency, providing a balance between thorough regulatory scrutiny and timely approvals.

Regulatory Credibility: CySEC operates under EU financial regulations, ensuring that licensed entities adhere to stringent standards for investor protection and market integrity.