NICOFX seems to be an STP Forex broker that has chosen Cyprus as its primary broker location by being regulated by the highly established Cyprus Securities and Exchange Commission (CySEC). It is seen that in recent years, Cyprus has been growing in popularity among new Forex brokers, especially due to their strong European presence and the relatively stable set of regulatory guidelines that give priority to both traders, as well as Forex trading companies. Ever since the induction of Cyprus into the European Union, the CySEC has been working closely with the ECB and the European Markets in Financial Instruments Derivative (MiFID) for maintaining a safe and secure trading environment for all traders and companies operating in the European financial markets. Nowadays, CySEC is considered to be one of the top regulatory agencies in the world, which is on par with the reputation and reliability of other leading regulators such as the FCA of the UK, the ASIC of Australia, and the NFA of the USA. However, CySEC does not have the unnecessary trading restrictions that are highly prominent among regulators such as the NFA and the CFTC. The CySEC is open in its approach to introducing new and exciting financial products by keeping abreast of new ideas in the financial markets, which is certainly why most modern Forex brokers choose Cyprus as their favorite investment destination. NICOFX set up its Forex brokerage in 2013 under an administration that has decades of experience in the financial markets, which is evident from the broker’s services and products. NICOFX aims to become a prominent player in the market and has received numerous awards and recognitions from different financial markets, especially the MENA region. Apart from its CySEC regulation, NICOFX is also registered with the FCA in the UK and the BaFin in Germany, which further provides an improved sense of security and confidence for traders while depositing their money with NICOFX.