Cyprus Forex License

Necessary requirements:

• Meet the minimum share capital requirements – from EUR 125 thousand for STP, from EUR 730 thousand for Market Making;
• Appoint a person with the status of a professional investor to the position of director;
  rent/own a full-fledged office with at least four directors;
• Collect a complete list of documents related to the brokerage business or activities as a trader;
• Agree with the regulator on key personnel in terms of their professional experience and reputation;
• Submit a business plan with a financial forecast for at least 3 years of operation;
  develop and agree with the regulator operational, risk management and AML manuals;
• Appoint external and internal (Cypriot) auditors;
• Identify the compliance risks of managers and specialists;
• Submit the CVs of all directors and shareholders;
• Prepare criminal record certificates for each director (two executive and two non-executive) as well as for each shareholder of the Cypriot investment company.