The Cyprus Securities and Exchange Commission (CySEC) continues with the publication of its board decisions granting Cyprus investment licenses to new forex brokers by adding Royal Financial Trading to the list.
The decision was taken in August and permits the company to provide investment services such as reception and transmission of orders in relation to one or more financial instruments, execution of orders on behalf of Clients and investment advice, as well as safekeeping and administration of financial instruments, including custodianship and related services.
The Cyprus license means the company can provide its financial services in all 28 EU member states.
A Google search revealed that Royal Financial Trading is an Australian forex and CFD broker and provider of online trading technologies. It is regulated by the Australian Securities and Investments Commission (ASIC).
The broker offers demo and two types of live trading accounts: Standard and Pro. The minimum deposit for the former is $0 and for the latter – $1000. Royal accepts deposits via credit cards, bank wire, money transfer and paper check. Trading is done on MT4.
The broker has affiliate, introducing brokers, money managers and white label programs.
Since the end of August, CySEC has announced it has granted licenses to: Stone Edge Capital, CB Capital Business, IGM Forex, Wonderinterest Trading, Fenix Capital Markets Trading and social trading broker TG Traderglobal.