LICENSES AND REGULATIONS

CySEC

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

Lydya Financial Ltd is licensed to offer Investment and Ancillary Services through Cross Border Activity 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.

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:

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

Financial Instruments:

Financial Contracts for Differences ("CFDs")

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).

Investor Compensation Fund (“ICF”)

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