LICENSES AND REGULATIONS

CySEC

Forex24 is a brand owned and operated by Lydya Financial Ltd, a Cyprus Investment Firm (CIF) regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 300/16 and Company registration number HE334292.

The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Cyprus Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity.

Lydya Financial Ltd is licensed by CySEC to offer the following Investment, Ancillary Services and Cross Border Services to Member States: Austria, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, The Netherlands, United Kingdom

Lydya Financial Ltd. (CIF license number 300/16), is regulated and licensed under the Cyprus Securities and Exchange Commission (CYSEC) to provide the following investment services in relation to the financial instruments stated further below:

CySEC aims to oversee and control the operation of financial exchange markets and the transactions performed within those markets. CySEC may:

  • Supervise those who issue securities and list them on the Cyprus Stock Exchange

  • Inspect brokers, companies, investment consultants and mutual fund management companies

  • Issue licenses to operate to brokers, brokerage firms, investment firms and consultants.

  • Revoke licenses to operate as and when necessary.

  • Impose punitive sanctions on investment consultants, brokers and any other body which fall under the authority of CySEC

Ancillary Services:

1. Safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management.

2. 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.

3. Foreign exchange services where these are connected to the provision of investment services

Investment Services:

  • Reception and Transmission of orders in relation to one or more Financial Instruments.

  • Execution of Orders

EU Directives, Regulation and Memberships

Markets in Financial Instruments Directive II (MiFID II) & Markets in Financial Instruments Regulation (MiFIR)

The Markets in Financial Instruments MiFID II directive (Directive 2014/65/EU) came into effect on 01/2018 with the aim of regulating the markets of financial instruments and the provision of investment services and activities within the European Economic Area (EEA). The Directive was adopted in Cyprus through the law which provides for the provision of investment services, the exercise of investment activities, the operation of regulated markets and other related matters (Law 87(I)/2017)

The key objectives of the European Union’s Markets in Financial Instruments Directive (MiFID II) are: to improve levels of efficiency, to increase financial transparency, to promote competition and to effectively protect consumers. MiFID II also allows investment firms to provide investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firms.

Investor Compensation Fund (ICF)

Lydya Financial Ltd is a member of the Investor Compensation Fund (ICF), a scheme which serves to protect eligible retail clients by paying compensation in the event that a company fails to reimburse funds and/ or financial instruments due to financial issues, as applicable.

EU Directives, Regulation and Memberships

Lydya Financial Ltd is authorized to provide Investment and Ancillary Services to the following countries:

England

FCA

Financial Conduct Authority

UK

Registration No: 782501

Germany

BaFiN

Federal Financial Supervisory Authority

Germany

Registration No:2017/1349943

FR

AMF/ACPR

Autorité des marchés financiers

France

Registration No: 70562

it

CONSOB

Commissione Nazionale per le Società e la Borsa

Italy

Registration No: 4624

spain

CNMV

Comisión Nacional del Mercado de Valores

Spain

Registration No: 4373

Poland

KNF

Komisja Nadzoru Finansowego

Poland

Link

CBN

CBH

Central Bank of Hungary

Hungary

AFM

AFM

Netherlands Authority for the Financial Markets

The Netherlands

Link

FSA

FSA

The Danish FSA

Denmark

FI

FI

Finansinspektionen

Sweden

Link

CBN

CNB

Czech National Bank

Czeck Republic

Link

AFM

NBS

Národná Banka Slovenska

Slovak Republic

FSA

FSA

Financial Conduct Authority

Estonia

Link

Portugal

CMVM

Comissão do Mercado de Valores Mobiliários

Portugal

Link

 FCMC

FCMC

Financial and Capital Market Commission

Latvia

AFM

HANFA

Croatian Financial Services Supervisory Agency

Croatia

ATVP

ATVP

Agencija za trg vrednostnih papirjev

Slovenia

ATVP

MFSA

The Malta Financial Services Authority

Malta

Hellenic

HCMC

Hellenic Capital Market Commission

Greece

Hellenic

FMA

Austrian Financial Market Authority

Austria

Hellenic

FI

FinansInspektionen

Luxembourg

Hellenic

LB

Lietuvos Bankas

Lithuania

Link

Hellenic

AMF

Autoritatea De Supraveghere Financiara

Romania

Registration No: PJM01FISMCYP2162 (Section 1)

Hellenic

FSA

Financial Supervision Authority

Finland