CySEC Regulated Forex Brokers In 2021
Cyprus is home to hundreds of forex and CFD brokers. The Mediterranean Island become somewhat of a hub for online trading companies to launch regulated investment firms and access the entire European market and many third countries. This article explores CySEC Regulated Forex Brokers, an overview of Cyprus forex regulations and a look at the brokers authorized by the regulator.
- What is CySEC
- Financial markets regulation in Cyprus
- Overview of CySEC regulations
- Why do Forex brokers choose Cyprus
- CySEC Forex broker list
- Best CySEC regulated Forex brokers
What is CySEC
The Cyprus Securities and Exchange Commissions, better known as CySEC, established in 2001, is the national competent authority of Cyprus, responsible for supervising the investment and securities market in the country. The organization is led by Demetra Kalogerou (BSc, MSc, MPhil) since 2011, the Chairwoman of the Cyprus Securities Exchange Commission.
Cyprus Investment Firms, also known as CIFs, are entities licensed by CySEC to provide various investment and ancillary services and forex brokers fall into this category.
As of the 8th of February 2021, CySEC regulates 242 Cyprus Investment Firms.
CySEC has several important responsibilities. The commission reviews applications and grants licenses to investment firms, such as forex brokers and CFD providers.
The regulator may suspend or revoke licenses, conduct investigations and issue fines or warning to companies that fail to follow the rules.
Financial markets regulation in Cyprus
In Cyprus, there are two financial markets regulators, the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Cyprus (CBC).
CySEC is only responsible for regulating investments and securities markets, issuers and dealers. The CBC regulates other financial services like banking, loans, and payments.
CySEC oversees the Cyprus Stock Exchange, which is a market, and it approves and monitors the companies applying to issue shares and publicly list them on the exchange. Currently, there are 21 publicly listed companies approved by CySEC and traded on the Cyprus Stock Exchange.
Besides CySEC, the Cypriot financial markets are also regulated by the Central Bank of Cyprus, known as the CBC.
Primarily, the CBC licenses and regulates banks, credit institutions, electronic money institutions, bureaux de change businesses and leasing companies.
A bank that wants to offer securities trading services would need to be licensed by CySEC and CBC.
Overview of CySEC regulations
Cyprus has been an EU member state since 2004. Therefore, CySEC follows European directives and regulations such as MiFID II (Directive 2014/65/EU), the second Markets in Financial Instrument Directive and MiFIR (Regulation (EU) No 600/2014), the Markets in Financial Instruments Regulation. 
MiFID II is a directive featuring maximum harmonization principles.
When adding the directive into national law, countries may not include their own initiatives that would weaken harmonization between member states. MiFIR is a regulation, which becomes law the moment the European Council passes it.
European regulated forex brokers don’t just follow the directives mentioned above and regulations.
Still, they are all supervised by ESMA, the European Supervisory Markets Authority, a supranational competent authority that, per MiFIR, has product intervention powers and may dictate what products investment firms may offer, how they can offer them and who may use the products.
Before 2018, when MiFID II and MiFIR came into effect, national competent authorities like CySEC make their own rules.
The previous MiFID was primarily focused on exchange-traded products like stocks rather than over the counter traded products like forex and contracts for difference.
Therefore, there was a lot of difference between how one country regulated forex brokers compared to another.
MiFID is essentially a massive rule book for regulators, authorized entities, and industry professionals must follow.
The directive outlines practices like capital requirements, reporting obligations, how brokers must execute transactions, safeguarding methods, organizational requirements, and getting a license to become a regulated investment firm.
Why do Forex brokers choose Cyprus?
It might seem strange that a tiny island in the Mediterranean is home to so many forex brokers. Cyprus isn’t an offshore destination, at least not anymore, especially as it’s fully integrated with the European Union.
At a time, it was relatively easy to acquire a CySEC forex license and eventually, it became the go-to destination for genuine reasons.
Forex brokers are attracted to Cyprus for several reasons, but most can be summarized as cost, culture and politics.
Lower fees – Regulatory fees for submitting an application are lower than other regulators in Europe. To apply to CySEC to be a CIF costs 7,000 euro. Although the fees are lower, it’s worth keeping in mind that MiFID II standardizes is capital adequacy requirements. Any broker-dealer will need to maintain at least €730,000 in tier one capital.
Low corporate income tax – Cyprus has one of the lowest corporate tax rates in Europe, currently set at 12.5%. If a company is registered as a technology, then corporate income tax is just 2.5%.
Zero tax on dividends – When shareholders of a Cypriot company are also Cyprus residents, there is no tax on dividends.
Low personal income tax – Cyprus also has one of the lowest personal income tax systems, offering a tax-free allowance of the first €19,500 per year. The last tax bracket is 35% starting from an annual income of €60,000.
Member of the European Union – Cyprus is a member of the European Union, permitting Cyprus Investment Firms to passport their services to other member states.
Holiday destination – Cyprus is a sunny Mediterranean island and popular holiday destination, making it an attractive place for bringing talent from overseas.
English is an official language – Cyprus is just one of two countries in Europe, besides British territories, where English is an official language, making business easier.
Common law – Cyprus follows a common law legal system, much like the rest of the Western world, making it a familiar business environment.
CySEC Forex Brokers List
There are more than 200 CySEC regulated forex brokers.
A complete list of Cyprus forex brokers is maintained on the CySEC website for investors to verify if their broker is authorized and which services they are permitted to offer.
The complete CySEC broker list is below and was taken straight off the CySEC website, https://www.cysec.gov.cy/en-GB/entities/investment-firms/approved-domains/
|3D Global Financial Services Ltd||www.3dglobal.com|
|7Q Financial Services Ltd||www.7qfs.com|
|A. Eternity Capital Management Ltd||http://a-eternitycapital.ltd.cy|
|A.J.K. Wealth Management Ltd||www.ajkwealth.com|
|A.N. Allnew Investments Ltd||www.legacyfx.eu; www.legacyfx.com; www.xeprime.eu; www.xeprime.com;|
|A.T.I. Associates (Cyprus) Ltd||www.atiassociates.com|
|AAA Trade Ltd||www.aaatrade.com; www.cryptoexchanger.eu;|
|Abris-Cee Holdings Limited||www.abris-capital.com; http://abris-cee.com;|
|AC Markets (Europe) Ltd||www.acprime.eu; www.ausprime.eu; www.lt-markets.com; www.ausforex.eu;|
|Accuindex EU Limited||www.accuindex.eu|
|Acier FX Ltd||www.argusfx.com|
|A-Conversio Capital Ltd||www.a-conversio.com;|
|Admiral Markets Cyprus Ltd||www.admiralmarkets.com.cy|
|Aeonic Securities C.I.F. Plc||www.aeonic.com.cy|
|AFX Capital Markets Ltd||http://www.afxcapital.com/; http://www.stofs.com; http://www.stoaffiliates.com; http://www.afxaffiliates.com; http://www.market-technologies.com; http://www.quanticaffiliates.com; http://www.quantic-am.com; www.afxgroup.com|
|Alfa Capital Markets Ltd||www.alfacapital.com.cy|
|Amana Capital Ltd||www.amanacapital.com.cy|
|AMP Global Ltd||www.ampglobal.com|
|APME FX Trading Europe Ltd||www.apmefx.com; www.ozios.com; www.oziotrader.com;|
|Aquilla Nummus Ltd||www.aquillanummus.com|
|Argus Stockbrokers Ltd||www.argus.com.cy; www.argusglobaltrader.com|
|Aristeus Financial Services Ltd|
|Arumpro Capital Ltd||https://arumcapital.eu/|
|ATFX Global Markets (Cy) Ltd||atfxgm.eu; atfx.com/eu; atfx.eu|
|Athlos Capital Investment Services Ltd||www.athloscapital.com|
|Atlantic Securities Ltd||www.atlanticfs.com|
|Axia Ventures Group Ltd||www.axiavg.com; www.axiavg.gr; www.axiacm.com|
|Ayers Alliance Financial Group Ltd||aafg.co|
|B.I.S. Blueport Investment Services Ltd|
|BCM Begin Capital Markets CY Ltd||www.profitlevel.com; www.capitalpanda.com; www.begincapitalmarkets.com;|
|Bdswiss Holding Plc||eu.bdswiss.com; eu.swissmarkets.com; eu.investments.bdswiss.com; eu.bdstrading.com|
|Belight Capital Group Ltd||www.belightcapitalgroup.com|
|Best Choice FBC Ltd||www.bcfxbroker.com; www.mybcfxbroker.com; www.bcfxbroker.eu; www.mybcfxbroker.eu; www.finfx.at; www.finfx.biz;www.finfx.ch; www.finfx.cn; www.finfx.co.uk; www.finfx;www.finfx.de; www.finfx.es; www.finfx.eu; www.finfx.fr; www.finfx.it; www.finfx.me; www.finfx.net; www.finfx.nl; www.finfx.pl; www.finfx.ru; www.finfx.se; www.finfx.uk; www.finfx.us; www.finfxtrading.com; www.finfx.org; www.finfx.fi|
|Blacktower Financial Management (Cyprus) Ltd||www.blacktowerfm.com/BFMCL|
|Boson Alfa Ltd||www.bosonalfa.com|
|Broctagon Prime Ltd||www.broprime.com|
|BrokerCreditService (Cyprus) Ltd||www.bcscyprus.com|
|Capital Com SV Investments Ltd||https://capital.com|
|CDG Global (EU) Ltd||www.cdgglobal.eu;|
|CEX Markets Ltd||cexbro.com|
|Chase Buchanan Ltd||www.chasebuchanan.com|
|Colmex Pro Ltd||www.colmex.com; www.colmexpro.com|
|Concorde Investments (Cyprus) Ltd||www.concordeinvestments.com; www.brokereo.com;|
|Conotoxia Ltd||https://forex.conotoxia.com; https://forex.cinkciarz.pl;|
|Constance Investment Ltd||www.constanceinvestment.com; www.constancei.com|
|Credit Financier Invest (CFI) Ltd||www.cfifinancial.com.cy; www.cfifinancial.eu; www.cfifinancial.com; www.cfi.trade;|
|Crowd Tech Ltd||www.trade360.com|
|D.T. Direct Investment Hub Ltd||www.dtdirectinvestmenthub.com; www.duplitrade.com;|
|Depaho Ltd||www.depaho.com; www.fxgm.com; www.gtcm.com; www.tradeapp.com|
|Dragon Capital (Cyprus) Ltd||www.dragon-capital.com; dccl.com.cy|
|Easy Forex Trading Ltd||www.easy-forex.com; m.easy-forex.com; easymarkets.eu; easymarkets.com/eu; m.easy-forex.com/eu;|
|ED & F Man Capital Markets CEEMA Ltd||www.edfmancapital.com , www.edfmancapital.com/cy|
|EDR Financial Ltd||www.triomarkets.eu; www.edrfin.com;|
|EFG CYPRUS LIMITED||www.cy.efgl.com;|
|Emergo Wealth Ltd||www.emergowealth.net; www.emergowealth.com; www.lifegoals.eu;|
|Emporium Capital K.A Ltd||www.emporiumcapital.com|
|Etoro (Europe) Ltd||www.etoro.com; etoro.lv; etoro-forex.co.il; etoro.ae; etoro.com.cn; etoro.es; etoro.fi; etoro.fr; etoro.nl; etoro.pt; etoro-forex.de; etoro.ca; etoro.de; etoro.gr; etoro.hu; etoro.it; etoro.jp; etoro.ru; www.retailfx.net;www.etorowhu.com; www.copytrader.com; www.etoro-forex.cn; www.etoro.cl; www.etoro.cn; www.etoro.co.uk; www.etourui.com; www.yitourui.com; etoro-china.com; etoro-cn.com;etoro-forex.es; etoro-forex.fr; etoro-forex.it; etoro-forex.ru; etoro.com.mt;etoro.no; etoro.pl; etorochina.com;etorochinese.com; etorocn.com; retailfx.ae; retailfx.com; retailfx.es; retailfx.ru|
|Eurivex Ltd||www.eurivex.com; www.eurivex.net; eurivextrade.com|
|Eurotrade Investments RGB Ltd||https://www.eurotrader.eu/en/; www.euro.capital; www.eurotrader.group;|
|Exclusive Change Capital Ltd||www.exclusivecapital.com|
|Exelcius Prime Ltd||www.1market.com; www.exelciusprime.com; www.1market.eu;|
|Exness (Cy) Ltd||www.exness.eu|
|EXT Ltd||https://cy.exante.eu; https://ext.com.cy; www.exante.eu;|
|F1Markets Ltd||www.f1markets.com; www.24CM.com; www.investous.com/eu; www.europrime.com/eu|
|Fathom Wealth Management Advisors Ltd||www.fathomwma.com|
|Fenix Capital Markets Trading Ltd||www.fenix-cmt.com|
|FF Simple and Smart Trades Investment Services Ltd||www.smart-trades.net www.ffsst.com www.tradocenter.com|
|FIBO Group Holdings Ltd||www.fibogroup.eu; www.fibogroup.com|
|Fidus Investments Cyprus Ltd||www.fidusinvestments.eu|
|Fintailor Investments Ltd||www.fintailor.com; www.fintailor.com.cy; www.fintailor.ru|
|First Prudential Markets Ltd||www.fpmarkets.eu; www.fpmarkets.com/eu|
|Forex TB Ltd||www.forextb.com; www.patronfx.com|
|Forextime Ltd||www.forextime.com/eu; www.forextimechina.com/eu/zh;|
|Fortrade Cyprus Ltd||www.fortrade.com|
|FP Asset Management Cyprus Ltd|
|Freedom Finance Europe Ltd||www.ffineu.eu; www.bondsfreedom.com; www.freedom24.com; www.freedom24.eu; www.tradernet.com; www.tradernet.com.ua; www.tradernet.ua; www.ffin.com.cy; www.freedomfinance.com.cy; www.tradernet.kz; www.tradernet.ru; www.freedomfinance.eu; www.freedom24.news;|
|FX Central Clearing Ltd||www.fxcc.com|
|FXBFI Broker Financial Invest Ltd||www.fxbfi.com; www.101investing.com;|
|FXCM EU Ltd||http://fxcm.com/eu; http://fxcm.com/fr; http://fxcm.com/it; http://fxcm.com/gr; http://fxcm.com/es; www.fxcm.com/de;|
|FXOpen EU Ltd||www.fxopen.com|
|FXPRO Financial Services Ltd||www.fxpro.com; www.fxpro.co.uk; www.fxpro.es; www.fxpro.fr; www.fxpro.ru; www.fxpro.pl; www.fxpro.hu; www.fxpro.de; www.fxpro.it; www.fxpro.pt; www.fxpro-vn.com; www.fxpro.vn; www.fxpro.ae; www.fxpro-india.com; www.fxpro-pakistan.com; www.fxpro.cn; www.fxpro-korea.com; www.fxpro-thailand.com www.fxpro.cz; www.fxpro.com.my; fxpro-indonesia.com fxpro.com.au; fxpro.org.cn; fxpro.kr.com;fxpro-supertrader.com; fxpro-supertrader.ru; fxpro-supertrader.es; fxpro-supertrader.fr; fxpro-supertrader.de;fxpro-supertrader.pl; fxpro-supertrader.it; fxpro-supertrader.hu; fxpro.supertrader.pt; fxpro-supertrader.vn; fxpro-supertrader.ae; fxpro-supertrader.cn; fxpro-supertrader.com/jp|
|GBE Brokers Ltd||www.gbebrokers.com; www.gbeprime.com; www.discountfx.com; www.elbtrader.com;|
|General Capital Brokers (GCB) Ltd||www.gcb.com.cy; www.t1markets.com|
|Global Capital Securities & Financial Services Ltd||www.globalcapital.com.cy|
|Globia Wealth Ltd||www.globiawealth.com|
|Go Markets Ltd (ex Galactus Ltd)||www.gomarkets.eu;|
|Goldenburg Group Ltd||www.goldenburggroup.eu; www.topforex.com; www.toptrader.eu; www.fxglobal.com; www.tradecentrum.com; www.etrader.eu; www.topbinary.com; www.xpartners.com; www.cfdworld.com|
|GPB Financial Services Ltd||www.gpbfs.com.cy|
|Grandis Securities Ltd||www.grandissecurities.com.cy, www.evest.com|
|Granfeld Wealth Management Ltd||www.granfeld.com|
|Growell Capital Ltd||www.fxgrow.com; www.geldexinvest.com;|
|GWG (Cyprus) Ltd||www.gwglobalfx.com|
|H.C.F.S. High Capital Financial Services Ltd||http://highcapital.trade/; traderslive.eu;|
|HF Markets (Europe) Ltd||www.hfeu.com; https://www.hfaffiliates.com/eu/en/index.html|
|Hoch Capital Ltd||www.hochcapital.com; www.itrader.com; www.tradeATF.com|
|Holborn Assets Wealth Management (CY) Ltd||www.holbornassets.com.cy|
|Holiway Investments Ltd||www.10tradefx.eu; www.miltonprime.eu;|
|Hua Ren (Cyprus) Financial Ltd||www.huarencyprus.com|
|HYCM (Europe) Ltd||www.hycm.eu; www.help.hycm.com; www.henyep.com|
|I.W.G International Wealth Group Ltd||www.interwealthgroup.com|
|IC Markets (EU) Ltd||www.icmarkets.eu; www.icmarkets.com/eu|
|ICC Intercertus Capital Ltd||www.everfx.eu; www.inflyx.com|
|ICFD Ltd||www.vestle.com; www.vestle.de; www.vestle.nl; www.vestle.gr; www.iforex.es (to be changed to www.vestle.es by 15 July 2018); www.iforex.fr (to be changed to www.vestle.fr by 15 July 2018); www.iforex.it (to be changed to www.vestle.it by 15 July 2018); www.iforex.pl (to be changed to www.vestle.pl by 15 July 2018); ro.iforex.eu (to be changed to www.vestle.com by 15 July 2018); www.iforex.se (to be changed to www.vestle.com by 15 July 2018)|
|IFC Investments Cyprus Ltd||www.ifc-center.com; www.capixal.com;|
|IFCM Cyprus Ltd||www.ifcmarkets.eu;|
|IGM Forex Ltd||www.igmfx.com; www.igmforexltd.com; www.igmfxaffiliates.com; www.inefex.com;|
|IKOS CIF Ltd||www.ikos.com.cy|
|Indication Investments Ltd||https://libertex.com|
|Initial Merit Secure Ltd||www.imsmarkets.com|
|Instant Trading EU Ltd||www.instaforex.eu; www.forexmart.eu|
|IQOption Europe Ltd||www.eu.iqoption.com;|
|ISEC Wealth Management Ltd||www.is-wm.com; www.is-wm.eu|
|Itrade Global (Cy) Ltd||www.investfw.com; www.tradedwell.com; www.tradefw.com;|
|JFD Group Ltd||www.jfdbrokers.com; www.jfdprime.com; www.jfdwealth.com; www.jfdchange.com; www.jfdchina.com; www.jfdpartners.com; www.jfdbank.com;|
|Jin Daocheng Ltd||www.jdcmarkets.com|
|Just2trade Online Ltd||www.just2trade.online; www.finam.eu; www.J2TX.com; www.J2t.com; www.j2t.exchange|
|KAB Strategy Ltd||www.kabonline.com|
|K-DNA Financial Services Ltd||www.kdna-investment.com; www.finmarket.com;|
|Key Way Investments Ltd||www.keywayinvestments.ro; www.keywayinvestments.com; www.capex.com;|
|L.F. Investment Ltd||www.purple-trading.com|
|Leadtrade Ltd||www.leadtradeltd.com; www.topoption.com; www.optionsclick.com; www.prestigeoption.com; www.excellenceoption.com; www.platiniumoption.com|
|Leverate Financial Services Ltd||www.baselcapitalmarkets.com; www.baselcapitalmarkets.de; www.direktbroker-fx.de; www.fxpn.eu; www.beinmarkets.eu; www.marcorix.com; www.upromarkets.com; www.upro.io;|
|Liteforex (Europe) Ltd||www.liteforex.eu; www.liteforex.pl; de.liteforex.eu; es.liteforex.eu; fr.liteforex.eu; it.liteforex.eu; pt.liteforex.eu; ru.liteforex.eu; social.liteforex.eu|
|LMAX Broker Europe Ltd||www.lmax.com/global//eu;|
|London Capital Group (Cyprus) Ltd||www.lcg.com; https://cy-my.lcg.com|
|Luna Wealth Asset Management Ltd||www.lunawealth.com|
|Lydya Financial Ltd||www.forex24.com; www.lydyafinancial.com|
|Magic Compass Ltd||www.magiccompass.com|
|Magnasale Trading Ltd||magnasaleltd.com|
|Magnum FX (Cyprus) Ltd||magnumfx.eu; ETfinance.eu; Financedome.com|
|Marcuard Ηeritage (Europe) Ltd||www.marcuardheritage.com|
|Maxiflex Ltd||www.europefx.com www.europecapitalgroup.com www.europestocks.com|
|Maxigrid Ltd||www.agmmarkets.com ; www.dualix.com ; www.maxigrid.com ;|
|MCA Intelifunds Ltd||www.fxoro.com; www.fxoro.it; www.tk.fxoro.co.uk; www.fxoro.ae|
|Mega Equity Securities and Financial Services Public Ltd||www.megaequity.com; www.megafx.com|
|MeritKapital Ltd||www.meritkapital.com; www.meritfixed.com|
|Mexem Ltd||www.mexem.com; www.inter-il.com; www.c2gateway.com|
|Monecor (Europe) Ltd||www.etxcapital.com/en-cy; www.etxcapital.com.cy;|
|Mount Nico Corp Ltd||www.nicofx.com; www.excentral.com; www.mtnico.com; eu.excentral.com|
|MPS Marketplace Securities Ltd||www.mps.trade|
|MTG LIQUIDITY Ltd||www.match-prime.com;|
|Naga Markets Europe Ltd||www.nagamarkets.eu; www.nagatrader.com; www.naga.com|
|NBH Markets EU Ltd||www.nbhm.eu|
|NBI Investments Ltd||www.nbinvest.com|
|NFS Network Financial Services Ltd||www.nfseurope.com|
|NFX Capital Cy Ltd||www.nordfx.com.cy; https://nordfxeu.com/|
|Notely Trading Ltd||www.errante.eu|
|Notesco Financial Services Ltd||www.fxlift.eu; www.ironfx.eu;|
|Novox Capital Ltd||www.novoxfx.eu|
|Numisma Capital Ltd||www.numismacap.com; www.elginamc.com|
|OBR Investments Ltd||www.obrinvest.com|
|Octa Markets Cyprus Ltd||www.octafx.eu|
|Omega Funds Investment Ltd||www.omegainvest.com.cy|
|One Plus Capital Ltd||www.onepluscapital.net; www.openbrokerageaccount.com; www.onelifepartners.com;|
|Otkritie Broker Ltd||www.open-broker.com|
|Pacific Union Group Ltd||www.pacific-union.cy|
|Pegase Capital Ltd||www.interactiveoption.com; www.interactive-option.com; www.hellobrokers.com; www.pegasecapital.com; www.mtxplus.com|
|Pepperstone EU Limited||https://pepperstone.com/|
|Performance Ronnaru Company Ltd||www.prcbroker.com; www.prcmarkets.com|
|Plus500CY Ltd||www.plus500.com.cy; www.plus500.com; www.plus500.nl; www.plus500.pl; www.plus500.at; www.plus500.be; www.plus500.ch; www.plus500.ee; www.plus500.li; www.plus500.ro; www.plus500.lv; www.plus500.lt; www.plus500.dk; www.plus500.ru; www.plus500.it; www.plus500.ae; www.plus500.cz; www.plus500.gr; www.plus500.fr; www.plus500.se; www.plus500.hu; www.plus500.no;www.plus500.es; www.plus500.pt; www.plus500.si; www.plus500.ie; www.plus500.fi; www.plus500.bg; www.plus500.lu; www.plus500.com.hr; www.plus500.com.mt; www.plus500.com.uy; www.plus500.is; www.plus500.eu; www.plus500.rs; www.plus500.de; www.plus500.sk; www.plus500.com.my; www.plus500.hr; www.plus500.com.mx; www.plus500.co|
|PMT Matrix Capital Ltd||www.pmt.com.cy|
|Pricewaterhousecoopers Investment Services (Cyprus) Ltd||www.pwc.com.cy/investment-services|
|Primus Global Ltd||www.fxprimus.com; www.myprimusmarkets.com;|
|Prior Capital Cy Ltd||www.priorfx.com; priorcapital.eu|
|Prochoice Chrimatistiriaki Ltd||www.pro-choice.com.cy|
|Prodigit Investments Ltd||www.prodigitinvest.com|
|Prospergate Capital Ltd||www.prospergate.com|
|Pulp International Business Ltd|
|R Capital Solutions Ltd||www.rcapitalsolutions.com; www.tradeberry.com; www.eightcap.eu|
|Redfin Capital Ltd||www.redfincapital.com|
|Redpine Capital Limited||www.xbmarkets.com|
|Regency Asset Management (Cyprus) Ltd||www.ramcyprus.com|
|Reliantco Investments Ltd||www.ufx.com; www.ufxaffiliates.com www.ufxpartners.com; http://ufx.company/|
|Renaissance Securities (Cyprus) Ltd||www.rencap.com|
|RMG Holding Ltd||www.rmgh.eu|
|Robomarkets Ltd||www.copyfx.com; stock.roboforex.com; www.ramm.roboforex.com; www.robomarkets.com; www.robomarkets.cz; www.robomarkets.de; www.robomarkets.ee; www.robomarkets.es; www.robomarkets.it; www.robomarkets.lt; www.robomarkets.lv; www.robomarkets.pl; www.robomarkets.pt|
|Ronin Europe Ltd||www.ron.in|
|Royal Financial Trading (Cy) Ltd||www.oneroyal.com/eu; www.oneroyal.com|
|Royal Forex Ltd||www.royalforex.com; www.ROInvesting.com|
|Rynat Trading Ltd||www.rynattrading.com; www.xlearner.eu; www.thextrend.com; www.thextrend.eu;|
|Safecap Investments Ltd||www.markets.com; www.safecapltd.com; www.MarketsX.com; www.opcmarkets.com;|
|Sharelink Securities and Financial Services Ltd||www.sharelinksecurities.com; www.sharelinkonline.com; sharelink.xoas.inbroker.gr; sharelink.ibl.inbroker.com|
|Sheer Markets (Cyprus) Ltd||sheermarkets.eu; sheercxchange.com; sheerinvestments.com; sheermarkets.com; sheermarkets.not; sheermarkets.org; ndfbroker.com; ndfbrokeronline.com; ndfcurrencies.com; ndffx.com; ndfstreaming.com; ndfxchange.com; sheerfx.com; sheermarkets.co.uk; sheermarkets.in; sheermarkets.io; sheermarkets.me; sheermarketstrader.com; sheertrader.io;|
|SIB (Cyprus) Ltd||www.sib.com.cy|
|Skanestas Investments Ltd||www.skanestas.com|
|SM Capital Markets Ltd||www.smcapitalmarkets.com; www.smfx.com/eu; www.scopemarkets.eu;|
|Solid Financial Services Ltd||www.solid.com.cy|
|Sonaf Business Ltd||www.sonafx.com|
|SPA Financial Services Ltd||www.spafs.com|
|Squared Financial (CY) Ltd||www.squaredfinancial.com; www.squareddirect.com;|
|Stone Edge Capital Ltd||www.stedcap.com|
|Streams Financial Services Ltd||www.streamsfx.com|
|Symmetria F.S. Ltd||www.symmetriafs.com|
|T.C.R. International Ltd||www.tcr-int.com|
|TEC International (Cyprus) Ltd||www.tecfinine.com;|
|Teletrade-DJ International Consulting Ltd||www.teletrade.eu; www.teletrade.es; www.teletrade.hu; www.teletrade.bg; teletrade.co.uk; teletrade-dj.it; teletrade-dj.ro; teletrade-dj.de; teletrade-dj.lv; teletrade-dj.cz; teletrade-dj.gr; teletrade-dj.lt; teletrade.pt; teletrade-dj.pl; www.teletrade-dj.sk|
|TFI Markets Ltd||www.tfimarkets.com|
|The Cyprus Investment and Securities Corporation Ltd||cisco-online.com.cy|
|The First Interstellar Capital Limited||www.interstellarfx.eu|
|Think Wealth Ltd||www.thinkwealth.com.cy|
|Tickmill Europe Ltd||www.tickmill.eu|
|Topfx Ltd||www.topfx.com; www.fondex.com|
|Trade Capital Markets (TCM) Ltd||www.tradecapitalmarkets.com; www.trade.com; www.finexo.com|
|Tradestone Ltd||www.fbs.eu; www.fbs.eu; www.fbs.com; www.esfbs.com; www.fbs-china.cn; www.fbs-india.com; www.fbs.ae; www.fbs.co.th; www.fbs.com; www.fbs.com.bd; www.fbsfx.pk; www.fbsmy.com; www.frbfs.com; www.fxfbs-idn.com; www.jpfbs.com; www.kofbs.com; www.laofbs.com; www.ptfbs.com; www.trader-fbs.online; www.vnfbs.com;|
|Trading 212 Markets Ltd||www.trading212.com|
|Trading Point Asset Management Ltd|
|Trading Point Of Financial Instruments Ltd||www.trading-point.com; www.xm.com; www.pipaffiliates.com|
|Triangleview Investments Ltd||www.3anglefx.com; www.3angleview.com;|
|Triumph Int. (Cyprus) Ltd||www.triumphfx.com|
|Trust Capital TC Ltd||www.trustcapitaltc.com|
|TTCM Traders Trust Capital Markets Ltd||www.traders-trust.eu;|
|UBK Markets Ltd||www.ubkmarkets.com|
|UGL Exchange Ltd||www.uglexchange.com|
|UGM Securities Ltd||www.ugm.com.cy|
|UR Trade Fix Ltd||https://tradeo.com/; www.plusmarkets.eu|
|Vasby Capital Markets Limited||www.doto.eu; www.eu.doto.com; www.doto.com/eu;|
|Veles International Ltd||www.veles-int.com|
|Vistabrokers CIF Ltd||www.vistabrokersfx.com; www.Vistabrokers.com ;|
|VM Vita Markets Ltd||https://vita-markets.com|
|VPR Safe Financial Group Ltd||academy.alvexo.fr; www.alvexo.eu; www.alvexo.fr; www.alvexo.de; www.avlexo.it; www.alvexo.eu/ar;|
|W.G. Wealth Guardian Ltd||wguardian.com|
|WGM Services Ltd||www.ezinvest.com; www.marches-financiers.fr; www.stockstp.com; www.phoenixmarkets.com; www.phoenixmarkets.fr;|
|Windsor Brokers Ltd||www.windsorbrokers.eu|
|Wise Wolves Finance Ltd||www.wise-wolves.finance|
|Wonderinterest Trading Ltd||www.wonderinterest.com; www.zetano.com;|
|Woodbrook Group Ltd||www.woodbrookgroup.com|
|X Global Markets Ltd||www.xglobalmarkets.com; https://www.xglobalinvest.com|
|XSpot Wealth (EU) Ltd (ex X SPOT MARKETS (EU) LTD)||www.xspot.markets; https://www.xspotwealth.com/|
|XTB Ltd||www.xtb.com/cy www.xtb.com/IT www.xtb.com/HU|
|XTrade Europe Ltd||offersfx.com; offersfx.eu;|
|Zemblanco Investments Ltd||www.zemblanco.com|
|Zerich Securities Ltd||www.zerich.eu; www.zerich.com|
Best CySEC Forex Brokers List
|Broker Type||Market Maker|
|Regulations||IFSC, CySec, ASIC|
|Account Base Currency||USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR|
|Max Leverage||888:1. *Leverage depends on the entity of the group and the financial instrument traded.|
|Trading Platforms||Metatrader 4/5, Webtrader|
|Broker Type||ECN, DMA|
|Min Deposit||$100.00 USD|
|Account Base Currency||AUD, CAD, CHF, EUR, GBP, HKD, CNY, NZD, SGD, USD|
|Trading Platforms||IRESS, Metatrader 4 and 5, MAM, PAMM|
|Account Base Currency||USD, AUD, EUR, GBP, CAD, JPY, NZD,CHF, SGD, HKD|
|Trading Platforms||Metatrader 4/5, cTrader, Webtrader, API Trading, MAM / PAMM|
Best CySEC regulated forex brokers
Pros and cons of CySEC regulation
CySEC regulated forex brokers have gained a bad reputation, and this led to mistrust amongst traders.
There have been a few scandals in the past, and the media criticised how CySEC handled them.
Notably, the IronFX scandal where the infamous forex broker had a reported client money hole of $176 million and following years of investigations settled with CySEC for €335,000.
Advantages of CySEC regulation
- CySEC regulated forex brokers follow the same rulebook as all other European regulators. You can submit complaints to ESMA or CySEC.
- Retail traders’ benefit from best execution policies, negative balance protection and knowing funds are held in segregated bank accounts in a European bank.
- CySEC offers an investor compensation fund covering clients’ losses should a broker fail to meet its obligations up to €20,000.
Disadvantages of CySEC regulation
- Leverage is capped at 1:30 on major forex pairs for retail traders.
- Cyprus has attracted a bad reputation since the IronFX scandal and the 2013 banking crisis.
- Cypriot brokers may not offer bonuses, rebates or other incentives.
- Suppose you’re not a European resident or citizen. In that case, there is little protection offered when trading with a CySEC regulated broker, or any EU-regulated broker for that matter.
About This Article
Author: Mark Prosz
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