Licenses and Regulations

CySEC

Τhe Cyprus Securities and Exchange Commission ("CySEC") is the regulatory body which supervises Investment Firms in Cyprus. It is the independent public supervisory Authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in the Republic of Cyprus. Cyprus is a full member of the European Union. CySEC has taken on the responsibility of ensuring the European Securities and Markets Authority's ("ESMA") mission is adopted to the regulatory environment of Cyprus.

MiFID

The Markets in Financial Instruments Directive (MiFID) came into force in November of 2007 and was revised by MiFID II, taking effect in January 2018. The purpose of MiFID is to ensure a level playing field for investors throughout the European Union. NordFX EU complies fully with the European Markets in Financial Instruments Directive (MiFID) as adopted by Law 144(I)/2007.

Details of our License

NordFX EU is regulated by CySEC under license number 209/13 to freely provide the following investment and ancillary services and/or perform the following investment activities in accordance to the Investment Services and Activities and Regulated Markets Law of 2007 to 2012 (Law144(I)/2007).

Investment Services

• Reception and transmission of orders in relation to one or more financial instruments.
• Execution of orders on behalf of clients.
• Dealing on Own Account.

Ancillary Services

• Safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management.
• Granting credits or loans to an investor to allow him to carry out a transaction in one or more financial instruments, where the firm granting the credit or loan is involved in the transaction.
• Foreign exchange services where these are connected to the provision of investment services.
• Investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments.

Financial instruments

• Transferable securities.
• Money-market instruments.
• Units in collective investment undertakings.
• Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies, interest rates or yields, or other derivatives instruments, financial indices or financial measures which may be settled physically or in cash.
• Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event).
• Options, futures, swaps, and any other derivative contract relating to commodities that can be physically settled provided that they are traded on a regulated market or/and an MTF.
• Options, futures, swaps, forwards and any other derivative contracts relating to commodities, that can be physically settled not otherwise mentioned in paragraph 6 of Part III and not being for commercial purposes, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are cleared and settled through recognised clearing houses or are subject to regular margin calls.
• Derivative instruments for the transfer of credit risk.
• Financial contracts for differences.
• Options, futures, swaps, forward rate agreements and any other derivative contracts relating to climatic variables, freight rates, emission allowances or inflation rates or other official economic statistics that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event), as well as any other derivative contract relating to assets, rights, obligations, indices and measures not otherwise mentioned in this Part, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are traded on a regulated market or an MTF, are cleared and settled through recognised clearing houses or are subject to regular margin calls.