Regulations

Content of Cyprus Investment Firm

Authorization / License of MCA Intellifunds Limited

MCA INTELIFUNDS LTD, trading as “FXORO”, (“FXORO”) is a registered Cypriot Investment Firm (CIF) and is authorized and regulated by the Cyprus Securities and Exchange Commission CYSEC License number: 126/10.
FXORO is obliged to comply with the Cyprus implementation of the European Markets in Financial Instruments Directive (MiFID); Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
FXORO is authorized to provide the following Investment Services, in accordance with Part Ι of the Third Appendix of the Law 144(Ι)/2007

  1. Reception and transmission of orders in relation to one or more financial instruments.
  2. Execution of orders on behalf of clients.

FXORO is authorized to provide the following Ancillary Services, in accordance with Part ΙI of the Third Appendix of the Law 144(Ι)/2007):

  1. Safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management.
  2. Foreign exchange services where these are connected to the provision of investment services.

FXORO is authorized to provide the aforementioned investment and ancillary services for the following Financial Instruments, in accordance with Part III of the Third Appendix of the Law 144(Ι)/2007:

  1. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies, interest rates or yields, or other derivatives instruments, financial indices or financial measures which may be settled physically or in cash
  2. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event).
  3. Derivative instruments for the transfer of credit risk.
  4. Financial contracts for differences.
  5. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to climatic variables, freight rates, emission allowances or inflation rates or other official economic statistics that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event), as well as any other derivative contract relating to assets, rights, obligations, indices and measures not otherwise mentioned in this Part, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are traded on a regulated market or an MTF, are cleared and settled through recognised clearing houses or are subject to regular margin calls.


FXORO is cooperating with the below payment service providers:

  1. SafeCharge Limited, licensed by the Central Bank of Cyprus
  2. Powercash21 Limited, licensed by the Central Bank of Cyprus
  3. Optimal Payments Merchant Services Limited, licensed by the Financial Supervision Commission of the Isle of Man
  4. Skrill Ltd, authorised by the Financial Conduct Authority of United Kingdom

 

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