Established in 2001, the Cyprus Securities and Exchange Commission (CySEC) is the independent financial regulatory authority of the Republic of Cyprus. Following Cyprus's accession to the European Union, CySEC fully aligned with the MiFID and ESMA regulatory frameworks, granting its licensed brokerages a "European Passport" to legally offer investment services across the entire European Economic Area (EEA). As one of the most prominent Tier 2 regulatory hubs in the global forex industry, CySEC balances strict compliance with EU-mandated investor protections—such as a 30:1 retail leverage cap, negative balance protection, and the Investor Compensation Fund (ICF)—with efficient administrative procedures, making it the premier gateway for international brokerages targeting the European market.