Robomarkets is the latest broker with headquarters in Cyprus to stop using its CySEC license to onboard clients for CFD trading in the European Union.

The CFD industry plays an outsized role in the local economy, employing a huge number of people but also bringing a lot of cash relative to Cyprus’s GDP.

A guide on how to start a FX/CFD broker in Cyprus, covering costs, regulations, and how long it takes to set up your broker.