Introduction to this section

Through its service over the years, allFX-Consult saw a need for a more educated industry, relative to the solutions/options an investor has when deciding on how to move forward.

The aim of this section is to provide information to investors looking into EU/Offshore options to Start a Forex Brokerage or expand their current operations. Although in some regions we include broker information (trading conditions, leverage), it is not intended to be used by a forex trader as an investment advice or to compare and evidently open an account with one of our listed brokers.

Last update: December 2019

Cyprus Forex License

Economy of Cyprus
Main indicators
IndicatorValue
GDP$24.47 billion
Inflation rate-1%
External Debt€208114.48 million
Interest Rate0%
Deposit Interest Rate0%
Corporate Tax Rate1.25%
Population900K
Per capita incomeas of Nov 2019 - $30926
Unemployment Rate6.7%
Corruption Rank38

RSS Latest economy information

  • Cyprus Coronavirus Recovered April 5, 2020
    Cyprus recorded 37 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Cyprus reported 9 Coronavirus Deaths. This page includes a chart with historical data for Cyprus Coronavirus Recovered.
  • Cyprus Coronavirus Deaths April 5, 2020
    Cyprus recorded 9 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Cyprus reported 446 Coronavirus Cases. This page includes a chart with historical data for Cyprus Coronavirus Deaths.
  • Cyprus Coronavirus Cases April 5, 2020
    Cyprus recorded 446 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Cyprus reported 11 Coronavirus Deaths. This page includes a chart with historical data for Cyprus Coronavirus Cases.
  • Cyprus - Credit Rating April 5, 2020
    Standard & Poor's credit rating for Cyprus stands at BBB- with stable outlook. Moody's credit rating for Cyprus was last set at Ba2 with positive outlook. Fitch's credit rating for Cyprus was last reported at BBB- with stable outlook. DBRS's credit rating for Cyprus is BBB (low) with positive outlook. In general, a credit rating […]
Cyprus Forex License
Case in point
Average Cost for license
Over €20,000
Office requirements
Yes

Employees required

Yes

Capital Requirements
$125,000-$730,000
Regular reporting
Yes

Publicly Recorded Info
Yes
List of brokers
currently regulated in Cyprus
#Company Legal NameWebsite linkLicense Number*Licensed Investment ServicesOffice LocationLicense Date
13D Global Financial Services Ltd www.3dglobal.com063/06Reception and transmission
Investment advice
Limassol 29/03/2006
27Q Financial Services Ltd www.7qfs.com061/05Reception and transmission
Portfolio management
Investment advice
Nicosia 04/11/2005
3A. Eternity Capital Management Ltd www.a-eternitycapital.ltd.cy346/17Dealing on Own Account
Portfolio Management
Nicosia 11/12/2017
4A.J.K. Wealth Management Ltd www.ajkwealth.com139/11Reception and transmission
Portfolio management
Investment advice
Larnaca  19/04/2011
5A.N. Allnew Investments Ltd www.allnewinvestment.com344/17Reception and transmission
Execution of orders
Limassol 27/11/2017
6A.T.I. Associates (Cyprus) Ltdhttps://atiassociates.com/091/08Investment advicePaphos  02/07/2008
7AAA Trade Ltd www.aaatrade.com244/14Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 25/07/2014
8A-Conversio Capital Ltd www.a-conversio.com215/13Reception and transmission
Portfolio management
Nicosia  20/09/2013
9Admiral Markets Cyprus Ltd www.admiralmarkets.com.cy201/13Reception and transmission
Execution of orders
Portfolio Management
Nicosia 14/06/2013
10Aeonic Securities C.I.F. Plc www.aeonic.com.cy177/12Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol  04/09/2012
11AFX Capital Markets Ltd www.afxgroup.com119/10 (Suspended)Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 09/07/2010
12Airfinance Pro Ltd www.airfinancepro.com206/13 (Voluntary Renunciation)Reception and transmission
Execution of orders
-  11/07/2013
13AJF Financial Services Ltd www.ajf-global.com295/16 (Voluntary Renunciation)Reception and transmissionLimassol 11/02/2016
14Alfa Capital Holdings (Cyprus) Ltd www.alfacapital.com.cy025/04Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Nicosia  04/05/2004
15Amana Capital Ltd www.amanacapital.com155/11Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 21/10/2011
16AMB Prime Ltdwww.ambprime.com194/13Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  17/04/2013
17AMFF Ltd www.amffltd.com241/14 
(Under examination for voluntary renunciation of the authorisation)
-Limassol 01/07/2014
18AMG Kapital Ltd www.amgkapital.com110/10Dealing on Own Account
Portfolio Management
Limassol  14/01/2010
19AMP Global Ltd www.ampglobal.com360/18Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 04/06/2018
20APME FX Trading Europe Ltd www.apmefx.com335/17Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol  10/08/2017
21Aquilla Nummus Ltd www.aquillanummus.com345/17Portfolio ManagementNicosia 04/12/2017
22Argus Stockbrokers Ltdwww.argus.com.cy010/03Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Nicosia  12/05/2003
23ArgusFX Ltdhttps://www.argusfx.com/334/17Reception and transmission
Execution of orders
Portfolio Management
Nicosia 10/08/2017
24Aristeus Financial Services Ltd www.aristeus.cy.net324/17Portfolio Management
Investment Advice
Nicosia  15/05/2017
25Arumpro Capital Ltd www.arumcapital.eu323/17Reception and transmission
Execution of orders
Portfolio Management
Limassol 25/04/2017
26ATFX Global Markets (Cy) Ltd www.atfxgm.eu285/15Reception and transmission
Execution of orders
Limassol  17/12/2015
27Athlos Capital Investment Services Ltd www.athloscapital.com348/17Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia 11/12/2017
28Atlantic Securities Ltd www.atlanticfs.com005/03Reception and transmission
Execution of orders
Portfolio Management
Nicosia  12/05/2003
29Atlas Capital Financial Services Ltd www.acfs.eu085/07 (Withdrawn)Limassol 31/10/2007
30Atonline Ltd www.atonint.com104/09Reception and transmission
Execution of orders
Dealing on Own Account
Placing of financial instruments without a firm commitment basis
Nicosia  22/09/2009
31Axia Ventures Group Ltd www.axiavg.com086/07Reception and transmission
Execution of orders
Investment Advice
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Nicosia 31/10/2007
32Ayers Alliance Financial Group Ltd www.aafg.co230/14Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Limassol 26/03/2014
33B.I.S. Blueport Investment Services Ltd www.blueport.cy.net302/16Portfolio Management
Investment Advice
Nicosia 07/06/2016
34Banc De Binary Ltd www.bbinary.com188/13 (Voluntary Renunciation)Reception and transmission
Execution of orders
Limassol  07/01/2013
35Bdswiss Holding Plc www.bdswiss.com199/13Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 31/05/2013
36Belight Capital Group Ltd www.belightcapitalgroup.com364/18Reception and transmission
Execution of orders
Nicosia  23/07/2018
37Best Choice FBC Ltd www.bcfxbroker.com234/14 (Withdrawn)Execution of orders
Portfolio Management
Investment Advice
 16/05/2014
38Bogofinance Capital Markets Ltd www.fxjet.com321/17Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  20/04/2017
39Boson Alfa Ltd www.bosonalfa.com314/16Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol 20/09/2016
40BrightFX Capital Ltd www.brightfxcapital.com342/17Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia  13/11/2017
41BrightPool Ltd www.brightpool-markets.com378/19Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 06/08/2019
42Broctagon Prime Ltd www.broprime.com320/17Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  20/04/2017
43BrokerCreditService (Cyprus) Ltd www.bcscyprus.com048/04Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Limassol 08/10/2004
44Capital Com SV Investments Ltd www.capital.com319/17Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  07/04/2017
45CDG Global (EU) Ltdhttp://www.cdgglobal.eu/332/17Reception and transmission
Execution of orders
Limassol 07/08/2017
46Centralspot Trading Ltd www.fxvc.eu238/14Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol  20/06/2014
47Charlgate Ltd www.icmtrader.eu367/18Reception and transmission
Execution of orders
Limassol 30/07/2018
48Chase Buchanan Ltd www.chasebuchanan.com287/15Reception and transmission
Investment Advice
Limassol  22/12/2015
49Colmex Pro Ltd www.colmexpro.com123/10Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 19/10/2010
50CommexFx Ltd www.commexfx.com153/11 (Withdrawn)Limassol  18/10/2011
51Concorde Investments (Cyprus) Ltd www.concordeinvestments.com189/13Reception and transmission
Execution of orders
Limassol 22/01/2013
52Conotoxia Ltdhttps://conotoxia.com/336/17Reception and transmission
Execution of orders
Limassol  11/09/2017
53Constance Investment Ltdwww.constancei.com263/14Reception and transmission
Execution of orders
Portfolio Management
Nicosia 29/12/2014
54Coverdeal Holdings Ltd www.coverdeal.eu231/14Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  26/03/2014
55Credit Financier Invest (CFI) Ltd www.cfifinancial.com.cy179/12Reception and transmission
Execution of orders
Dealing on Own Account
Larnaca 25/09/2012
56Crowd Tech Ltd www.trade360.com202/13Reception and transmission
Execution of orders
Limassol  14/06/2013
57D.T. Direct Investment Hub Ltd www.dtdirectinvestment.com347/17Reception and transmission
Portfolio Management
Investment Advice
Limassol 11/12/2017
58Daweda Exchange Ltd www.dawedafx.com289/16Reception and transmission
Execution of orders
Limassol  11/01/2016
59Deloitte Investment Services Ltdwww.deloitte.com068/06Investment AdviceNicosia 22/06/2006
60Depaho Ltd www.depaho.com161/11Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia  27/12/2011
61Dragon Capital (Cyprus) Ltdwww.dragon-capital.com112/10Reception and transmission
Execution of orders
Dealing on Own Account
Investment Advice
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Limassol 27/01/2010
62Easy Forex Trading Ltdwww.easymarkets.com079/07Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  29/05/2007
63ED & F Man Capital Markets CEEMA Ltd www.edfmancapital.com377/19Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 29/07/2019
64EDR Financial Ltd www.triomarkets.com268/15Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol  11/02/2015
65Emergo Wealth Ltd www.emergowealth.net232/14Reception and transmission
Portfolio Management
Investment Advice
Nicosia 27/03/2014
66Emporium Capital K.A Ltd www.emporiumcapital.com358/18Reception and transmissionNicosia  14/05/2018
67Etoro (Europe) Ltdwww.etoro.com109/10Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 14/01/2010
68Eurivex Ltd www.eurivex.com114/10Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia  02/03/2010
69Eurotrade Investments RGB Ltd www.eurotrader.eu279/15Reception and transmission
Execution of orders
Limassol 07/09/2015
70Exclusive Change Capital Ltdhttps://www.exclusivecapital.com/330/17Reception and transmission
Execution of orders
Portfolio Management
Limassol  08/08/2017
71Exelcius Prime Ltd www.exelciusprime.com366/18Reception and transmission
Execution of orders
Portfolio Management
Limassol 16/07/2018
72Exness (Cy) Ltdwww.exness.com178/12Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  05/09/2012
73EXT Ltdhttps://ext.com.cy/165/12Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 28/02/2012
74F1Markets Ltd www.f1markets.com267/15Reception and transmission
Execution of orders
Portfolio Management
Limassol  13/01/2015
75Falcon Brokers Ltdwww.falconbrokers.com128/10 (Withdrawn)Limassol 22/12/2010
76Fathom Wealth Management Advisors Ltdwww.fathomwma.com306/16Reception and transmission
Portfolio Management
Investment Advice
Nicosia  05/08/2016
77Felicitas Management Investment Services Ltdwww.fmgroupinternational.com157/11Reception and transmission
Investment Advice
Limassol
78Fenix Capital Markets Trading Ltd www.fenix-cmt.com308/16Reception and transmission
Investment Advice
Limassol  11/08/2016
79FF Simple and Smart Trades Investment Services Ltd www.smart-trades.net080/07Portfolio Management
Investment Advice
Nicosia 07/09/2007
80FIBO Group Holdings Ltd www.fibogroup.eu118/10Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  14/06/2010
81Fidelisco Capital Markets Ltd www.fidelisco.eu181/12 (Under examination for voluntary renunciation of the authorisation)Nicosia 26/10/2012
82Fidus Investments Cyprus Ltd www.fidusinvestments.eu326/17Reception and transmission
Execution of orders
Nicosia  12/05/2017
83Fintailor Investments Ltd www.fintailor.com133/11Reception and transmission
Execution of orders
Portfolio Management
Limassol 08/02/2011
84First Prudential Markets Ltdwww.fpmarkets.eu371/18Reception and transmission
Execution of orders
Limassol  19/11/2018
85Forex TB Ltd www.forextb.com272/15Reception and transmission
Execution of orders
Nicosia 07/04/2015
86Forextime Ltd www.forextime.com185/12Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol  13/12/2012
87FP Asset Management Cyprus Ltd www.fp-am.com317/17Portfolio Management
Investment Advice
Limassol 20/01/2017
88Freedom Finance Cyprus Ltd www.ffineu.eu275/15Reception and transmission
Execution of orders
Dealing on Own Account
Investment Advice
Limassol  20/05/2015
89FX Central Clearing Ltdwww.fxcc.com121/10Reception and transmission
Execution of orders
Limassol 03/09/2010
90Fxbfi Broker Financial Invest Ltd www.fxbfi.com315/16Reception and transmission
Execution of orders
Limassol  20/09/2016
91Fxglobe Ltd www.fxglobe.com205/13Reception and transmission
Execution of orders
Limassol 20/06/2013
92Fxnet Ltd www.fxnet.com182/12Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol  01/11/2012
93FXPRO Financial Services Ltd www.fxpro.com078/07Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 05/03/2007
94Galactus Ltd www.fx88.com322/17Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  25/04/2017
95GBE Brokers Ltd www.gbebrokers.com240/14Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 27/06/2014
96General Capital Brokers (GCB) Ltd www.gcb.com.cy333/17Reception and transmission
Execution of orders
Limassol  10/08/2017
97Global Capital Securities & Financial Services Ltd www.globalcapital.com.cy015/03Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Nicosia 12/05/2003
98Globia Wealth Ltd www.globiawealth.com318/17 
(Under examination for voluntary renunciation of the authorisation)
Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
-  21/02/2017
99Goldenburg Group Ltdhttps://goldenburggroup.eu/242/14Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol 14/07/2014
100GPB Financial Services Ltdwww.gpbfs.com.cy113/10Reception and transmission
Execution of orders
Dealing on Own Account
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Limassol  27/01/2010
101Grandis Securities Ltd www.grandissecurities.com.cy343/17Reception and transmission
Execution of orders
Nicosia 13/11/2017
102Granfeld Wealth Management Ltd www.granfeld.com260/14Reception and transmission
Portfolio Management
Investment Advice
Nicosia  16/12/2014
103Growell Capital Ltd www.fxgrow.com214/13Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 17/09/2013
104GWG (Cyprus) Ltd www.gwglobalfx.com291/16Reception and transmission
Execution of orders
Nicosia  20/01/2016
105H.C.F.S. High Capital Financial Services Ltd www.highcapital.trade368/18Reception and transmission
Execution of orders
Limassol 30/07/2018
106HF Markets (Europe) Ltdwww.hotforex.com183/12Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Larnaca  20/11/2012
107Hoch Capital Ltd www.hochcapital.com198/13Reception and transmission
Execution of orders
Portfolio Management
Limassol 13/05/2013
108Holiway Investments Ltdwww.holiwayltd.com248/14Reception and transmission
Execution of orders
Nicosia  10/10/2014
109Hua Ren (Cyprus) Financial Ltd www.huarencyprus.com374/19Reception and transmission
Execution of orders
Limassol 15/04/2019
110HYCM (Europe) Ltd www.hycm.com259/14Reception and transmission
Execution of orders
Limassol  26/11/2014
111IC Markets (EU) Ltd www.icmarkets.com362/18Reception and transmission
Portfolio Management
Investment Advice
Limassol 25/06/2018
112ICC Intercertus Capital Ltd www.everfx.com301/16Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  27/04/2016
113ICFD Ltd www.vestle.com143/11Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 23/05/2011
114IFC Investments Cyprus Ltd www.ifc-center.com327/16Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol  21/09/2016
115IFCM Cyprus Ltdwww.infinmarkets.com147/11Investment AdviceLimassol 22/06/2011
116IGM Forex Ltd www.igmforex.com309/16Reception and transmission
Execution of orders
Limassol  16/08/2016
117IKOS CIF Ltdwww.ikos.com.cy060/05Portfolio Management
Investment Advice
Limassol 01/11/2005
118Indication Investments Ltd www.libertex.com164/12Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia  31/01/2012
119Initial Merit Secure Ltd www.imsmarkets.com229/14Reception and transmission
Execution of orders
Limassol 21/03/2014
120Instant Trading EU Ltd www.instafxgroup.com266/15Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  13/01/2015
121IQOption Europe Ltd www.iqoption.com247/14Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 30/07/2014
122ISEC Wealth Management Ltd www.is-wm.com356/18Portfolio ManagementLimassol  30/04/2018
123Itrade Global (Cy) Ltd www.tradefw.com298/16Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol 08/04/2016
124JFD Group Ltd www.jfdbrokers.com150/11Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol  05/08/2011
125Jin Daocheng Ltd www.jdcmarkets.com316/16Reception and transmission
Execution of orders
Portfolio Management
Limassol 20/09/2016
126Just2trade Online Ltd www.just2trade.online281/15Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol  25/09/2015
127KAB Strategy Ltd www.kabonline.com058/05Reception and transmission
Execution of orders
Portfolio Management
Larnaca 16/06/2005
128K-DNA Financial Services Ltd www.kdna-investment.com273/15Reception and transmission
Execution of orders
Limassol  23/04/2015
129Key Way Investments Ltd www.keywayinvestments.com292/16Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia 21/01/2016
130L.F. Investment Ltdwww.purple-trading.com271/15Reception and transmission
Execution of orders
Portfolio Management
Limassol  06/04/2015
131Leadtrade Ltd www.leadtradeltd.com296/16 
(Voluntary Renunciation)
Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Nicosia 16/02/2016
132Leon Mfo Investments Ltd leonmfo@leonmfo.com245/14Portfolio Management
Investment Advice
Limassol  29/07/2014
133Leverate Financial Services Ltd www.leverate.com160/11Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 27/12/2011
134Lirunex Ltd www.lirunex.eu338/17Reception and transmission
Execution of orders
Portfolio Management
Larnaca  25/09/2017
135Liteforex (Europe) Ltdwww.liteforex.eu093/08Reception and transmission
Execution of orders
Portfolio Management
Limassol 08/08/2008
136LMax Broker Europe Ltd www.cbcapital.eu310/16Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  08/08/2016
137London Capital Group (Cyprus) Ltd www.lcg.com341/17Reception and transmission
Execution of orders
Portfolio Management
Limassol 23/10/2017
138Lttrader Ltd www.lt-markets.com350/17Reception and transmission
Execution of orders
Limassol  11/12/2017
139Luna Wealth Asset Management Ltd www.lunawealth.com379/19Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Nicosia 23/08/2019
140Lydya Financial Ltd www.lydyafinancial.com300/16Reception and transmission
Execution of orders
Investment Advice
Limassol  22/04/2016
141Lykke Cyprus Ltd www.lykke.com.cy363/18 
(Under examination for voluntary renunciation of the authorisation)
-Limassol 25/06/2018
142M.G.T.M. Financial Services Ltd www.mgtmfs.com270/15 
(Under examination for voluntary renunciation of the authorisation)
Reception and transmission
Execution of orders
Dealing on Own Account
Investment Advice
Limassol  26/03/2015
143Magic Compass Ltd www.magiccompass.com299/16Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 12/04/2016
144Magnasale Trading Ltd www.maganasaleltd.com264/15Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia  07/01/2015
145Magnum FX (Cyprus) Ltd www.magnumfx.eu359/18Reception and transmission
Execution of orders
Limassol 04/06/2018
146Marcuard Ηeritage (Europe) Ltdwww.marcuardheritage.com131/11Portfolio Management
Investment Advice
Limassol  13/01/2011
147Maxiflex Ltd www.maxiflexglobal.com258/14Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol 10/11/2014
148Maxigrid Ltd www.agmmarkets.com145/11Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  31/05/2011
149MCA Intelifunds Ltd www.fxoro.com126/10Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 21/12/2010
150Mega Equity Securities and Financial Services Public Ltd www.megaequity.com011/03Reception and transmission
Execution of orders
Dealing on Own Account
Investment Advice
Nicosia  12/05/2003
151Menasecurities Ltd www.menasecurities.com370/18Reception and transmission
Execution of orders
Limassol 05/11/2018
152MeritKapital Ltd www.meritkapital.com077/06Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Limassol  30/11/2006
153Mexem Ltd www.mexem.com325/17Reception and transmissionLimassol 15/05/2017
154Monecor (Europe) Ltd www.mindenadvisers.com096/08Investment AdviceNicosia  09/12/2008
155Mount Nico Corp Ltd www.nicofx.com226/14Execution of orders
Portfolio Management
Larnaca 07/02/2014
156MPS Marketplace Securities Ltd www.mps.exchange170/12 (Suspended)Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  30/05/2012
157Naga Markets Ltd www.nagamarkets.com204/13Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 20/06/2013
158NBH Markets EU Ltdwww.fideliscm.eu208/13Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  22/07/2013
159NBI Investments Ltdwww.nbinvest.com162/12Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol 04/01/2012
160NFS Network Financial Services Ltd www.nfseurope.com328/17Reception and transmission
Investment Advice
Limassol  16/06/2017
161NFX Capital Cy Ltdwww.nordfx.com.cy209/13Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 08/08/2013
162Notesco Financial Services Ltd www.ironfx.com125/10Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  16/11/2010
163Novox Capital Ltd www.novoxcapital.com224/14Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Nicosia 04/02/2014
164NTFX Capital Ltd www.ntfxpro.com280/15 (Under examination for voluntary renunciation of the authorisation)Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  29/07/2015
165Numisma Capital Ltd www.numismacap.com122/10Portfolio Management
Investment Advice
Nicosia 07/09/2010
166OBR Investments Ltd www.obrinvest.com217/13Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  07/10/2013
167Octa Markets Cyprus Ltd www.octafx.eu372/18Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 10/12/2018
168Olikriet Capital Ltd www.olikrietcapital.com166/12Reception and transmissionNicosia  21/03/2012
169Omega Funds Investment Ltd www.omegainvest.com.cy102/09Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 06/08/2009
170One Plus Capital Ltd www.onepluscapital.net111/10Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Nicosia  26/01/2010
171Optionrally Financial Services Ltdwww.optionrally.eu220/13 (Under examination for voluntary renunciation of the authorisation)Reception and transmission
Execution of orders
Limassol 07/11/2013
172ORBEX Ltd www.orbex.com124/10Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  21/10/2010
173Otkritie Broker Ltd www.otkritie-broker.com294/16Reception and transmission
Execution of orders
Limassol 28/01/2016
174Otkritie Capital Cyprus Ltd www.otkritiefinance.com.cy069/06Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  10/08/2006
175OX Capital Markets Ltd www.oxmarkets.com274/15Reception and transmission
Execution of orders
Portfolio Management
Limassol 23/04/2015
176P.C.M. Advisers Ltd www.pcmadvisers.com062/06 (Under examination for voluntary renunciation of the authorisation)Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Nicosia  13/01/2006
177Pegase Capital Ltd www.interactiveoption.com225/14 (Voluntary Renunciation)Reception and transmission
Execution of orders
 05/02/2014
178Performance Ronnaru Company Ltdhttps://www.prcbroker.com/253/14Execution of ordersNicosia  30/10/2014
179PFX Financial Professionals Ltd www.fxfinpro.com193/13 (Withdrawn)Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol 04/04/2013
180Plus500CY Ltd www.plus500.com.cy250/14Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  10/10/2014
181PMT Matrix Capital Ltd www.pmt.com.cy197/13Portfolio Management
Investment Advice
 13/05/2013
182Pricewaterhousecoopers Investment Services (Cyprus) Ltdwww.pwc.com351/17Portfolio Management
Investment Advice
Nicosia  11/12/2017
183Primus Global Ltd www.fxprimus.com261/14Execution of orders
Dealing on Own Account
Limassol 22/12/2014
184Prior Capital Cy Ltd www.priorcapital.eu221/13Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol  17/12/2013
185Prochoice Chrimatistiriaki Ltd www.pro-choice.com.cy100/09Reception and transmission
Execution of orders
Larnaca 01/07/2009
186Prodigit Investments Ltd www.prodigitinvest.com200/13Reception and transmission
Execution of orders
Portfolio Management
Nicosia  12/06/2013
187Prospergate Capital Ltd www.prospergate.com361/18Portfolio ManagementLimassol 04/06/2018
188Pulp International Business Ltd www.fxpulp.com095/08 (Withdrawn)Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  06/11/2008
189R Capital Solutions Ltd www.rcapitalsolutions.com246/14Reception and transmission
Execution of orders
Portfolio Management
Limassol 30/07/2014
190Redfin Capital Ltd www.redfincapital.com375/19Reception and transmission
Portfolio Management
Investment Advice
Limassol  27/05/2019
191Regency Asset Management (Cyprus) Ltd www.regencyfund.com089/08Portfolio ManagementNicosia 22/05/2008
192Reliantco Investments Ltd www.reliant-co.com127/10Reception and transmission
Investment Advice
Limassol  22/12/2010
193Renaissance Securities (Cyprus) Ltdwww.rencap.com053/04Reception and transmission
Execution of orders
Dealing on Own Account
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Nicosia 22/12/2004
194RMG Holding Ltd (Under examination for voluntary renunciation) www.rmgh.eu027/04
(Under examination for voluntary renunciation of the authorisation)
Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Nicosia  01/06/2004
195Robomarkets Ltd www.robomarkets.com191/13Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 30/01/2013
196Rodeler Ltd www.rodeler.com207/13Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  11/07/2013
197Ronin Europe Ltdwww.ron.in081/07Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 31/10/2007
198Royal Financial Trading (Cy) Ltd www.rfxt.com.cy312/16Reception and transmission
Execution of orders
Investment Advice
Limassol  10/08/2016
199Royal Forex Ltd www.royalforex.com269/15Reception and transmission
Execution of orders
Nicosia 18/03/2015
200Ruizean Markets Ltdhttps://ruizeanmarkets.com/340/17Reception and transmission
Execution of orders
Limassol  23/10/2017
201Rynat Trading Ltd www.rynattrading.com303/16Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 30/06/2016
202Safecap Investments Ltd www.safecapltd.com092/08Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Nicosia  28/07/2008
203Sharelink Securities and Financial Services Ltd www.sharelink.com.cy014/03Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Nicosia 12/05/2003
204SIB (Cyprus) Ltd www.sib.com.cy066/06Reception and transmission
Execution of orders
Dealing on Own Account
Investment Advice
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Nicosia  15/06/2006
205Skanestas Investments Ltd www.skanestas.com251/14Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 14/10/2014
206Skilling Ltd www.skilling.com357/18Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia  07/05/2018
207SM Capital Markets Ltd www.smcapitalmarkets.com339/17Reception and transmission
Execution of orders
 02/11/2017
208Solid Financial Services Ltdwww.solid.com.cy065/06Reception and transmission
Execution of orders
Dealing on Own Account
Investment Advice
Limassol  23/05/2006
209Sonaf Business Ltd www.sonafx.com174/12Reception and transmission
Execution of orders
Limassol 25/07/2012
210SPA Financial Services Ltd www.spafs.com141/11Reception and transmission
Portfolio Management
Investment Advice
Nicosia  18/05/2011
211Squared Financial (CY) Ltd www.squareddirect.com329/17Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 23/06/2017
212Stocks Forex AF Ltd www.stocksforexaf.com283/15Reception and transmission
Execution of orders
Nicosia  13/11/2015
213Stone Edge Capital Ltdwww.stedcap.com311/16Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 09/08/2016
214Streams Financial Services Ltd www.streamsfx.com376/19Reception and transmission
Execution of orders
Limassol  29/07/2019
215Symmetria F.S. Ltd www.symmetriafs.com228/14Reception and transmission
Investment Advice
Nicosia 24/02/2014
216T.C.R. International Ltd www.tcr-int.com237/14Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Nicosia  20/06/2014
217Teletrade-DJ International Consulting Ltd www.teletrade.eu158/11Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Nicosia 14/12/2011
218TFI Markets Ltd www.tfimarkets.com117/10Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia  14/04/2010
219The Cyprus Investment and Securities Corporation Ltdhttps://www.cisco-online.com.cy/003/03Reception and transmission
Execution of orders
Investment Advice
Underwriting and/or placing of financial instruments on a firm commitment basis
Placing of financial instruments without a firm commitment basis
Nicosia 12/05/2003
220Think Wealth Ltd www.thinkwealth.com.cy305/16Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Nicosia  05/08/2016
221Tickmill Europe Ltd www.vipromarkets.com278/15Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 05/08/2015
222Topfx Ltd www.topfx.com138/11Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol  19/04/2011
223Trade Capital Markets (TCM) Ltd www.tradecapitalmarkets.com227/14Reception and transmission
Execution of orders
Dealing on Own Account
Investment Advice
Nicosia 17/02/2014
224Tradernet Ltdhttps://tradernet.com.cy/219/13Reception and transmission
Execution of orders
Limassol  30/10/2013
225Tradestone Ltdhttps://www.fbs.eu/en331/17Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Limassol 07/08/2017
226Trading Point Asset Management Ltd www.trading-point.com256/14Portfolio ManagementLimassol  31/10/2014
227Trading Point Of Financial Instruments Ltd www.trading-point.com120/10Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 05/08/2010
228Trilt Ltd www.trilt.com254/14Reception and transmission
Execution of orders
Limassol  30/10/2014
229Triumph Int. (Cyprus) Ltd www.triumphfx.com293/16Reception and transmission
Execution of orders
Investment Advice
Limassol 22/01/2016
230Trust Capital TC Ltd www.trustcapitaltc.com369/18Reception and transmission
Execution of orders
Limassol  03/09/2018
231TTCM Traders Trust Capital Markets Ltd www.traders-trust.com107/09Reception and transmission
Execution of orders
Limassol 18/12/2009
232UBK Markets Ltdwww.ubkmarkets.com186/12Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol  14/12/2012
233UCP Asset Management Ltd www.ucpam.com288/15 (Under examination for voluntary renunciation of the authorisation)Larnaca 23/12/2015
234UGL Exchange Ltd www.uglexchange.com349/17Reception and transmission
Execution of orders
Limassol  11/12/2017
235UGM Securities Ltdwww.ugm.com.cy352/17Reception and transmission
Execution of orders
Investment Advice
Nicosia 28/12/2017
236UR Trade Fix Ltd www.tradeo.com282/15Reception and transmission
Execution of orders
Portfolio Management
Nicosia  28/09/2015
237Veles International Ltd www.veles-int.com075/06Reception and transmission
Execution of orders
Nicosia 20/09/2006
238Vistabrokers CIF Ltdwww.vistabrokers.com190/13Reception and transmission
Execution of orders
Limassol  24/01/2013
239VM Vita Markets Ltd www.vita-markets.com373/19Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol 28/01/2019
240VPR Safe Financial Group Ltd www.alvexo.com236/14Reception and transmission
Execution of orders
Limassol  03/06/2014
241W.G. Wealth Guardian Ltd www.wguardian.com353/17Reception and transmission
Portfolio Management
Investment Advice
Nicosia 26/01/2018
242WGM Services Ltd www.wgmservices.com203/13Reception and transmission
Execution of orders
Dealing on Own Account
Nicosia  14/06/2013
243Whotrades Ltd www.corp.whotrades.eu073/06 (Under examination for voluntary renunciation of the authorisation)Reception and transmission
Execution of orders
Limassol 18/09/2006
244Windsor Brokers Ltd www.windsorbrokers.eu030/04Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  20/05/2004
245Wise Wolves Finance Ltdwww.wise-wolves.com337/17Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 25/09/2017
246Wonderinterest Trading Ltdwww.wonderinterest.com307/16Reception and transmission
Investment Advice
Limassol  09/08/2016
247Woodbrook Group Ltdwww.woodbrookgroup.com297/16Investment AdviceLimassol 11/03/2016
248WS Financial and Investment Services Ltd www.wsfis.com049/04Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Investment Advice
Nicosia  08/10/2004
249X Global Markets Ltdhttps://www.xglobalmarkets.com/171/12Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 15/06/2012
250X Spot Markets (EU) Ltdwww.xspot.markets235/14Reception and transmission
Execution of orders
Portfolio Management
Investment Advice
Limassol  26/05/2014
251XTB Ltd www.xtb.com169/12Reception and transmission
Execution of orders
Dealing on Own Account
Portfolio Management
Limassol 18/04/2012
252XTrade Europe Ltdwww.xtrade.com108/10Reception and transmission
Execution of orders
Dealing on Own Account
Limassol  14/01/2010
253Zemblanco Investments Ltd www.zemblanco.com277/15Reception and transmission
Execution of orders
Dealing on Own Account
Limassol 28/05/2015
254Zerich Securities Ltdwww.zerich.com115/10Reception and transmission
Execution of orders
Portfolio Management
Limassol  22/02/2010

*License Explanations

Reception and Transmission of orders – The immediate transmission of a received order (buy/sell order) to a counterparty (Liquidity Provider) for execution.

Execution of orders on behalf of clients – Acting to conclude agreements to buy or sell one or more financial instruments on behalf of clients and includes the conclusion of agreements to sell financial instruments issued by an investment firm or a credit institution at the moment of their issuance.

Dealing on own account – Trading against proprietary capital resulting in the conclusion of transactions in one or more financial instruments.

Portfolio management – Managing portfolios in accordance with mandates given by clients on a discretionary client-by-client basis where such portfolios include one or more financial instruments.

Investment advice – The provision of personal recommendations to a client either upon its request or at the initiative of the investment firm, in respect of one or more transactions relating to financial instruments.

Underwriting and placing of financial instruments – Act by which the CIF is hired by an issuer (of new shares) to raise capital, by selling the new shares to investors. Placing (under MiFID) involves primary market (new shares) and not secondary market (redistribution of existing shares).

With a firm commitment basis – The CIF arranging the placing undertakes to purchase those MiFID financial instruments if it fails to place them with third parties (investors).

Without a firm commitment basis – The CIF arranging the placing does not undertake to purchase those MiFID financial instruments, if it fails to place them with third parties (investors).

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