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Should Cyprus FX brokers ride the funds wave? Here is the inside view
Last week, FinanceFeeds demonstrated that there are now 238 undertakings for collective investment under Cysec – that’s more than there are FX brokers in Cyprus. At the end of the second quarter of 2020, the funds’ assets approached €8 billion which is an increase of about 200% compared to 2016. Cyprus has long been a destination for retail FX brokerages from across the globe wishing to establish offices in a territory that offers very easy company establishment and off the shelf regulation via a series of specialist law and corporate consultancy firms dedicated to facilitating the start up of FX brokerages ... (full story)
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