Forex broker based in New Zealand, Roboforex, on Friday (20/12), inaugurated its business operations for Cypriots under the name RoboForex (CY) Ltd through a specially dedicated website. The company obtained a legal activation license as a Cyprus Investment Firm (CIF) from the Cyprus Stock and Securities Trading Commission (CySec) in September of this year and has even been slowly made official as a subsidiary. RoboForex CY has also partnered with big partners such as the well-known Danish Forex broker Saxo Bank, who will provide liquidity when this Cypriot broker starts operating.
               
Meanwhile, RoboForex is still developing a special website called robofx.com for this new business. This means that RoboForex clients can increasingly take advantage of the new website to request services, ask questions and explore what new offers this broker is creating.   

For your information, the following are the features that you will get if you decide to open an account at RoboForex Cyprus:

1. First, the platform offered is Metatrader4, a platform currently popularly used by traders.
2. Secondly, live accounts for retail traders can be opened with a minimum deposit of $200. This broker also offers trading with micro lots (1,000 currency units) and a maximum leverage of 1:200. The spread varies from 0.4 pips.
3. Guaranteed high-quality STP execution.

Then, what is the reason for RoboForex expanding its business in Cyprus? None other than, of course, to provide Forex services across the European Union, or at least in countries where the market for financial instruments has appreciated. In addition, Cypriot brokers enjoy tax benefits and unrestricted leverage. Cyprus seems to be a country that is exceptionally strategic for the forex brokerage business. Because apart from RoboForex, a broker from New Zealand, Exness, has also decided to set foot in Cyprus and obtained permission from CySec at the end of August 2013.