CYSEC Regulation
MaxFX is a trading name of TOPFX Ltd, a Financial Services Company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license no. 138/11. TOPFX Ltd, Office is located at 33, Promahon Eleftherias Street, Deana Beach Offices, Office 212, Block 1, Ayios Athanasios, Limassol 4103, Cyprus
The Cyprus Securities and Exchange Commission (CySEC) is the supervisory and regulatory authority for Investment Services firms in Cyprus and is a member of the Committee of the European Securities Regulators (CESR).
TopFX Ltd is governed by all applicable EU and local regulations, including the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
MiFID Directive
The European Parliament and Council adopted the Directive 2004/39/EC, dated 21 April 2004, on Markets in Financial Instruments (MiFID), which came into effect on 1/11/2007 and aims to regulate the markets of financial instruments for provision of investment services and activities within the European Economic Area (EEA). The Directive has also been adopted in Cyprus through the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007) and in extent by TopFX, which is CySEC Regulated.
The European Union’s Markets in Financial Instruments Directive (MiFID) provides a harmonized regulatory regime for investment services within the European Economic Area. The main objectives of the Directive are to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services. One of the unique principles of MiFID is that an investment firm may freely provide its investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorization.
FCA membership
The FCA (Financial Conduct Authority) registration requires financial institutions to abide to a set of European rules in order for clients and investors to receive fair treatment.
Registrations with 25 EU Regulators
MaxFX is holding passport agreements and is registered with the regulators of 25 EU member states. For these registrations to be sustained, the company is obligated to fulfill capital adequacy requirements, submit financial reports to the regulators, and undertake a detailed annual audit performed by an independent auditor to ensure compliance.
Legal Links
Risk Warning: Trading CFDs, which are leveraged products, carries a high level of risk and can result in the loss of all of your investment. It's a good practice to never invest more than you are willing to part with. Before deciding to trade, please ensure you understand all the risks associated with the OTC CFDs trading and take into account your level of experience. Therefore, Trading Forex and CFDs is a difficult to understand product and may not be suitable for all investors. Please seek independent advice if necessary. Past performance of CFDs is not a reliable indicator of future results. Please read the full Risk Disclosure .
MaxFX is a tradename of TopFX Ltd, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11 in accordance with the Markets in Financial Instruments Directive (MiFID II).