OBTAIN YOUR CYSEC FOREX LICENSE
A Cyprus forex license is your gateway to the entire European Union. As forex broker license specialists, we are happy to guide you through the entire application process.
Cyprus is one of the most popular jurisdictions that forex brokers can choose when expanding into the EU. This is because a CySEC forex license allows brokers to market, accept client deposits, and legally establish a presence in all EU member states. Applying for a forex broker license in the EU is a big decision, making it important to select a partner carefully. Due to our industry expertise and knowledge, King Terry Consulting is the best partner to assist your brokerage with obtaining a forex broker license in Cyprus.
Applying For a Forex Broker License in Cyprus – How Does It Work?
To start the process, our team will need to collect documentation related to your business
Upon receiving all documentation, the first step in the process is selecting a business name and beginning the forex company formation process
After successful company registration, we’ll proceed with the license application
During the application process we’ll communicate with you regarding updates and any additional items needed
Upon successful approval of the license, we’ll also assist in establishing a bank account
CySEC Forex License – Important Facts
Capital Requirements of €125,000 for STP and €730,000 for Market Making
Physical Office with 3 Local Directors Needed
Minimum Completition Period of 6 Months
All Directors Must Exhibit Experience in Finance
King Terry Consulting – Your Forex Broker Licensing Partner
If you are looking to obtain a forex license in Cyprus, don’t hesitate to contact King Terry Consulting. After obtaining some basic information about your business plans, we are happy to provide a quote and overview of the license process. With many years of experience in the forex industry and corporate services, King Terry Consulting is the best choice for a professional and efficient application process.
To learn more about the set up process, fees, and other questions, don’t hesitate to contact us.
Cyprus FX License FAQ
Where is the List of Cyprus Regulated Brokers?
A full list of all regulated brokers can be found here: https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/.
What are the capital requirements needed in Cyprus?
Unlike other jurisdictions such as BVI, where there are no set capital requirements, Cyprus has fixed levels, which are set at €125,000 for STP and €730,000 for Market Making.
Is it possible to establish a license in a different EU member state?
Without a license in Cyprus, it will be challenging for any broker with ambitions for Europe to make significant headway. In addition to our license offering in Cyprus, King Terry Consulting can also assist brokers looking to establish a presence in a specific European Union country, such as Bulgaria. Although each state has its unique set of requirements, we are able to provide the necessary guidance to aid in the decision making process.
Does King Terry Consulting offer a ready madeCySEC company and license for sale?
The possibility exists, but depends on whether any brokers are currently for sale. An additional consideration is the amount of time needed to make the transition. Because each situation is unique, it is best to contact us so we can discuss your inquiry in more detail.
Where can I learn more about the regulatory body in Cyprus?
The Cyprus Securities and Exchange Commission (CySEC) oversees all forex activity in Cyprus. You can learn more by visiting the CySEC homepage.
Can King Terry Consulting assist with locating an office and appointing directors?
Absolutely. As part of our services, we’ll help to locate office space and guide you in selecting the required directors.
To learn more about setting up a forex license and registering a company in Cyprus, contact us today.