Licences & Regulations

FXNET Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 182/12. We are fully compliant with the Markets in Financial Instruments Directive (MiFID), since it has been introduced by the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). Moreover, FxNet holds a cross-border CySEC License, authorizing the provision of our services throughout the EEA.


The Cyprus Securities and Exchange Commission, better known as CySEC, is the financial regulatory agency of the Republic of Cyprus. Since Cyprus became a member of the European Union in 2004, CySEC has become part of European MiFID regulation, giving firms registered in Cyprus access to European markets.

The main objective of CySEC is the supervision and control of the Cyprus Stock Exchange and licensed investment companies, which are providing financial and ancillary services to its Clients. It is the body that grants operational licences to investment firms, brokerage firms and brokers.
For more information, please visit the CySEC page here.


The Markets in Financial Instruments Directive 2004/39/EC, as subsequently amended, is a European Union law that provides harmonised regulation for investment services across 31 member states of the European Economic Area (the 28 EU member states plus Iceland, Norway and Liechtenstein). As of the effective date, 1 November 2007, MiFID has replaced the Investment Services Directive.

The main objectives of the Directive are to increase competition and consumer protection in investment services sector provided across EEA. MIFID puts special emphasis that companies shall run their operations in a fair, just and professional manner, in line with the Client’s best interest.

MIFID II - Directive 2014-65-EC on markets in financial instruments will be coming into force in 2018.

We have obtained a passport to provide our services in a number of EEA member countries, including:

Poland - KNF (Komisja Nadzoru Finansowego)

The Polish Financial Supervision Authority exercises supervision of the financial market, including banking supervision, supervision of the capital market, supervision of the insurance market, supervision of the pension market, supplementary supervision of financial conglomerates, supervision of electronic money institutions, payment institutions and payment service bureaus, as well as supervision of cooperative savings and credit unions. The aim of the supervision of the financial market is to ensure the proper functioning of this market, its stability, security and transparency, confidence in the financial market, and to ensure that the interests of the market’s participants are protected.

United Kingdom - FCA (Financial Conduct Authority)

The Financial Conduct Authority (FCA) is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury, although it operates independently of government. It is structured as a company limited by guarantee and is funded entirely by fees charged to the financial services industry.

Germany – BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht)

The Federal Financial Supervisory Authority (German: Bundesanstalt für Finanzdienstleistungsaufsicht) better known by its abbreviation BaFin is the financial regulatory authority for Germany. It is an independent federal institution with headquarters in Bonn and Frankfurt and falls under the supervision of the Federal Ministry of Finance (Germany). BaFin supervises about 2,700 banks, 800 financial services institutions and over 700 insurance undertakings.

France – ACP (Autorite de Controle Prudentiel)

The French Prudential Supervisory Authority (Autorité de Contrôle Prudentiel - ACP) is an independent administrative authority, which monitors the activities of banks and insurance companies in France. It operates operating under the auspices of the French central bank, Banque de France.

Spain – CNMV (The Comisión Nacional del Mercado de Valores)

The CNMV is the agency in charge of supervising and inspecting the Spanish Stock Markets and the activities of all the participants in those markets. CNMV was created by the Securities Market Law, which instituted in-depth reforms of this segment of the Spanish financial system. Law 37/1998 updated the aforementioned Law and established a regulatory framework that is fully in line with the requirements of the European Union and favours the development of European Stock Markets.

Netherlands – AFM (Autoriteit Financiële Markten)

The Netherlands Authority for the Financial Markets was set up on 1 March 2002 as the successor to the Securities Board of the Netherlands. As part of the legislation that created the AFM, its responsibilities were greatly expanded to cover all financial products, including savings, investments, loans, insurance and accounting.

Norway – FINANSTILSYNET (Financial Supervisory Authority of Norway)

The Financial Supervisory Authority of Norway is a Norwegian government agency responsible for supervision of financial companies within Norway based on law and regulations from Storting, the Norwegian Ministry of Finance and international accounting standards. The agency is located in Oslo and subordinate the Ministry of Finance. It was established in 1986 through a merger of the Bank Inspection Agency, the Broker Control Agency and the Norwegian Insurance Council.