Regulatory Authority
Cyprus Securities & Exchange Commission (CySEC)
License Type
Cyprus Investment Firm (CIF)
Required Capital
- EUR 75,000 for Reception & Transmission, Execution of Orders, Portfolio Management, Investment Advice, without holding client funds
- EUR 150,000 STP License (Reception & Transmission, Execution of Orders, Portfolio Management, Investment Advice), with holding client funds.
- EUR 750,000 Market Maker (Reception & Transmission, Execution of Orders, Portfolio Management, Investment Advice, Dealing on own), with holding client funds.
Leverage
- 30:1 for major currency pairs
- 20:1 for non-major currency pairs, gold and major indices
- 10:1 for commodities other than gold and non-major equity indices
- 5:1 for individual equities and other reference values
- 2:1 for cryptocurrencies
Physical presence
Local office required
Timeframe
6-7 months
Shareholders
Corporate body or individual
Staff requirements
- 4 Directors (2 executives, 2 non-executives), at least 3 of them must be residents.
- Compliance Officer
- Risk Manager
- Finance Manager
Let's work together
We are open for new projects.