EBENE, Mauritius, December 30, 2014 /PRNewswire/ --
FXPRIMUS, the Mauritius based FX/CFD broker, announced today that their European entity, FX Primus Europe (CY) Ltd. has been granted a CIF License from CySEC (Cyprus Securities & Exchange Commission). FXPRIMUS is now able to provide the comfort and assurance to its customers they are trading with an EU-regulated broker that complies with MFID directives.
Terry Thompson, President of FXPRIMUS commented on the development, "This is quite a big step for FXPRIMUS in terms of meeting some of our primary goals for 2015 and beyond. It gives us greater access to the European market. While we've established quite a footprint in Asia, we recognize the importance of having more of a global reach, and a European license puts us in a better position to accomplish this. Additionally, in our relentless pursuit to affirm our commitment to being the "Safest Place to Trade," we welcome the opportunity of being governed across multiple jurisdictions."
Thompson continued, "The process in obtaining a CIF license is quite extensive, but a process we were more than happy in committing to. We look forward to working with CySEC and are appreciative of the issuance of the license."
FXPRIMUS intends to open an office in Cyprus and become fully operational in early Q1, 2015.
FXPRIMUS offers trading in over 150 instruments including Spot FX, Metals, Commodities, & Global Equity CFD's. FXPRIMUS has won multiple global industry awards and is the first retail Forex brokerage to offer a Trust account option to all clients regardless of account size with an independent third party fund administrator to monitor the flow of client funds. FXPRIMUS offers razor thin spreads and all trades are straight thru processed to our Tier 1 liquidity providers via a state of the art fiber optic infrastructure providing lightning fast executions regardless of a trader's location. We offer prompt and responsive customer support and an industry-leading trader toolset that includes FXPRIMUS Education and Sirix Social Trading. This truly makes FXPRIMUS The Safest Place To Trade. Learn more at http://www.fxprimus.com