Cyprus is one of Europe’s largest financial and Forex trading hubs that shows its rapid growth with a number of significant comparison sites. There are many reasons why the majority of European and international companies choose Cyprus as their base. Firstly, the low corporation rate within Europe, which attracts brokerage firms, then the location of the island and its membership in the EU, all goes with the availability of a solid financial background.
Forex brokerage businesses in Cyprus must be licensed by the CySEC (Cyprus Securities and Exchange Commission). This license will allow you to provide all brokerage services and other financial assistance services all across the EU without representatives, branches, or any additional license.