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One of the bigger players in the Middle Eastern retail forex market, Royal Forex or RFXT has set foot in Cyprus, the company’s Chairman Rayan Annan, confirmed to Finance Magnates. The move happens after the brokerage started its business in Lebanon by focusing on the Middle East and expanded its services into APAC via an ASIC regulated subsidiary in 2014, which is headed by industry veteran Andrew Taylor.
The company has obtained a license by the Cyprus Securities and Exchange Commission (CySEC) and has recently signed a lease on its office premises in the heart of Limassol.
ROYAL Group’s Chairman ... (read more)