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.

Source : http://www.prnewswire.co.uk/news releases/fxprimus obtains cif license from cysec 287081791.html