services in the country. Over the last ten years a number of leading forex brokers have chosen set up their headquarters in Cyprus, benefitting from the fact that the island has one of the lowest rates of corporation tax in Europe, together with the. This resulted in a thriving Cypriot Forex industry, giving rise to a very buoyant jobs market particularly for forex jobs in Limassol, where most of the industry players are located. Low tax rates and a solid business saw Cyprus grow to be one of Europes larger financial hubs, with the financial services sector growing rapidly after the breakup of the ussr in 1991. European Union Membership and MiFID, miFID stands for the Markets In Financial Instruments Directive and is a European law that harmonises investment regulation throughout the 30 states of the European Economic Area. Advertiser Disclosure m helps investors like you across the globe by spending hundreds of hours each year testing and researching forex brokers. Next, look up the firm on CySEC's website to validate the CIF register number is, in fact, legitimate. Before any fx broker in Cyprus can accept forex and CFD traders as clients, they must become authorised by the. As long as Cyprus continues to offer competitive rates of corporation tax and remains a member of the European Union, the island is likely to be favoured by many Forex brokers.
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It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more. Trading forex (currencies) internationally is popular among traders. This is mainly due to the fact that the crisis didnt see any clients losing any of their deposited funds. The rate of corporation tax on the island is currently a flat. TickMill, yes, n/A.00.5 Stars easyMarkets Yes.80 100.00 74 4 Stars XM Group Yes.5 Stars Forex Club Yes N/A 100.5 Stars Admiral Markets Yes. The forex sector on the island is regulated by CySec, the Cyprus Securities and Exchange Commission, which follows EU regulations and directives. Essentially MiFID sets out a minimum regulatory framework which must be adopted and followed by all the countries in the European Economic Area. There are various job opportunities available within the forex industry located in Limassol, Nicosia and Larnaca, including dealers with certifications in CySEC and CFA, IT and infrastructure engineers, web development and software engineers, as well as for customer relations. Stars ForexTime Yes.5 Stars UFX Yes.5 Stars iTrader Yes N/A Stars How to Verify CySEC Authorisation To identify if a forex broker is regulated as a Cypriot Investment Firm (CIF) by CySEC, the first step is to identify. Mar :42:09, jonathan Smith in, market, octaFX got licensed by the he Cyprus Commodities and Exchange Commission (CySEC) and is about to onboard EU clients again. Apr :36:41, jonathan Smith in, market, the Cyprus Securities and Exchange Commission (CySEC) officially warned investors that CryptoCapitalFX (operating via www. Anyone who has browsed a number of Forex comparison sites may have noticed that there are significant number of Forex brokers based in Cyprus.