Cyprus is an island nation in Europe that has long been popular to incorporate in among forex & CFD brokers, investment funds, and many other types of financial services providers. The country was long known as a haven for these firms, with relaxed regulations that allowed them to operate much more freely than in the rest of Europe.
Today, however, brokerage companies in Cyprus, including some that offer stock CFDs for trading, offer near identical trading conditions as those in other EU countries. This came as a result of new regulations introduced by the European Securities and Markets Authority (ESMA) in 2018, which the Cyprus Securities and Exchange Commission (CySEC) is obliged to follow.