Cyprus CySEC CIF STP/ MM Forex License

Description of the License

The CIF being sold is authorized by CySEC to offer the following investment services:

  • Foreign exchange services where these are connected to the provision of investment services
  • Safekeeping and administration of financial instruments, including custodianship and related services
  • Execution of orders on behalf of clients
  • Reception and transmission of orders in relation to one or more financial instruments

*This is not an exhaustive list.

Details of this transaction:

  • The Company was incorporated and licensed in 2017;
  • Capital requirement for the firm is EUR 125,000;
  • The CIF maintains the bank accounts with a Bank of Cyprus (client accounts) and another operating account;
  • Functional operating systems (CRM and Affiliate system);
  • The firm has 1 executive director, 2 non-executive directors, 2 additional employees and 1 compliance officer;
  • Excellent office in Cyprus;
  • There is a clean client record, no open or unresolved legal issues;
  • Desfran and its associates will be involved for the transaction, change of control and the services for the buyer;
  • The buyer will undertake all operational expenses from the date of the agreement;

*Proof of funds required as well as KYC of potential entity or beneficial owner interested in purchasing this firm.

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