With all due respect, kindly note that the TFI group has been providing forex services to our clients for the last decade without a single complaint by any of our clients to the regulator (the Central bank of Cyprus prior to 2010 and CySec thereafter). We are audited by two of the big four accounting firms. We are a Cypriot company and our employees are 90% Cypriots. Our management comes with experience from the worlds top ranking international banking/financial institutions and we do run the company much like a banks treasury room.
I understand that there is a history of several unregulated firms running their operations from Cyprus, however, please note that this has changed dramatically. Cyprus is no longer a “soft” regulatory environment as you will notice; if you visit CySEC’s website you will find out that the regulator is not shy about fining companies for even minor lapses in oversight and has closed down numerous unregulated firms in the last few months. The belief that Cyprus is an “easy” place to get regulated is mistaken as it does takes more than 6 months and several specifications to get licensed even if you have all the necessary requirements.