CySEC Regulated Forex Brokers

CySEC Regulated Forex Brokers

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.

Article Summary:

  • 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.[1] The organization is led by Demetra Kalogerou (BSc, MSc, MPhil) since 2011, the Chairwoman of the Cyprus Securities Exchange Commission.[2]

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.[3]

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.[4] Currently, there are 21 publicly listed companies approved by CySEC and traded on the Cyprus Stock Exchange.[5]

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.[6]

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.[7] [8]

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.[9]

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.[10]

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.[11] 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/

Regulated Entity

Approved Domains
3D Global Financial Services Ltdwww.3dglobal.com
7Q Financial Services Ltdwww.7qfs.com
A. Eternity Capital Management Ltdhttp://a-eternitycapital.ltd.cy
A.J.K. Wealth Management Ltdwww.ajkwealth.com
A.N. Allnew Investments Ltdwww.legacyfx.eu; www.legacyfx.com; www.xeprime.eu; www.xeprime.com;
A.T.I. Associates (Cyprus) Ltdwww.atiassociates.com
AAA Trade Ltdwww.aaatrade.com; www.cryptoexchanger.eu;
Abris-Cee Holdings Limitedwww.abris-capital.com; http://abris-cee.com;
AC Markets (Europe) Ltdwww.acprime.eu; www.ausprime.eu; www.lt-markets.com; www.ausforex.eu;
Accuindex EU Limitedwww.accuindex.eu
Acier FX Ltdwww.argusfx.com
A-Conversio Capital Ltdwww.a-conversio.com;
Admiral Markets Cyprus Ltdwww.admiralmarkets.com.cy
Aeonic Securities C.I.F. Plcwww.aeonic.com.cy
AFX Capital Markets Ltdhttp://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 Ltdwww.alfacapital.com.cy
Amana Capital Ltdwww.amanacapital.com.cy
AMP Global Ltdwww.ampglobal.com
APME FX Trading Europe Ltdwww.apmefx.com; www.ozios.com; www.oziotrader.com;
Aquilla Nummus Ltdwww.aquillanummus.com
Argus Stockbrokers Ltdwww.argus.com.cy; www.argusglobaltrader.com
Aristeus Financial Services Ltd 
Arumpro Capital Ltdhttps://arumcapital.eu/
ATFX Global Markets (Cy) Ltdatfxgm.eu; atfx.com/eu; atfx.eu
Athlos Capital Investment Services Ltdwww.athloscapital.com
Atlantic Securities Ltdwww.atlanticfs.com
Atonline Ltdwww.atonint.com
Axia Ventures Group Ltdwww.axiavg.com; www.axiavg.gr; www.axiacm.com
Ayers Alliance Financial Group Ltdaafg.co
B.I.S. Blueport Investment Services Ltd 
BCM Begin Capital Markets CY Ltdwww.profitlevel.com; www.capitalpanda.com; www.begincapitalmarkets.com;
Bdswiss Holding Plceu.bdswiss.com; eu.swissmarkets.com; eu.investments.bdswiss.com; eu.bdstrading.com
Belight Capital Group Ltdwww.belightcapitalgroup.com
Best Choice FBC Ltdwww.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) Ltdwww.blacktowerfm.com/BFMCL
Boson Alfa Ltdwww.bosonalfa.com
BrightPool Ltdwww.brightpool-markets.com
Broctagon Prime Ltdwww.broprime.com
BrokerCreditService (Cyprus) Ltdwww.bcscyprus.com
Capital Com SV Investments Ltdhttps://capital.com
CDG Global (EU) Ltdwww.cdgglobal.eu;
CEX Markets Ltdcexbro.com
Charlgate Ltdwww.fxview.com;
Chase Buchanan Ltdwww.chasebuchanan.com
Colmex Pro Ltdwww.colmex.com; www.colmexpro.com
Concorde Investments (Cyprus) Ltdwww.concordeinvestments.com; www.brokereo.com;
Conotoxia Ltdhttps://forex.conotoxia.com; https://forex.cinkciarz.pl;
Constance Investment Ltdwww.constanceinvestment.com; www.constancei.com
Credit Financier Invest (CFI) Ltdwww.cfifinancial.com.cy; www.cfifinancial.eu; www.cfifinancial.com; www.cfi.trade;
Crowd Tech Ltdwww.trade360.com
D.T. Direct Investment Hub Ltdwww.dtdirectinvestmenthub.com; www.duplitrade.com;
Depaho Ltdwww.depaho.com; www.fxgm.com; www.gtcm.com; www.tradeapp.com
Dragon Capital (Cyprus) Ltdwww.dragon-capital.com; dccl.com.cy
Easy Forex Trading Ltdwww.easy-forex.com; m.easy-forex.com; easymarkets.eu; easymarkets.com/eu; m.easy-forex.com/eu;
ED & F Man Capital Markets CEEMA Ltdwww.edfmancapital.com , www.edfmancapital.com/cy
EDR Financial Ltdwww.triomarkets.eu; www.edrfin.com;
EFG CYPRUS LIMITEDwww.cy.efgl.com;
Emergo Wealth Ltdwww.emergowealth.net; www.emergowealth.com; www.lifegoals.eu;
Emporium Capital K.A Ltdwww.emporiumcapital.com
Etoro (Europe) Ltdwww.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 Ltdwww.eurivex.com; www.eurivex.net; eurivextrade.com
Eurotrade Investments RGB Ltdhttps://www.eurotrader.eu/en/; www.euro.capital; www.eurotrader.group;
Exclusive Change Capital Ltdwww.exclusivecapital.com
Exelcius Prime Ltdwww.1market.com; www.exelciusprime.com; www.1market.eu;
Exness (Cy) Ltdwww.exness.eu
EXT Ltdhttps://cy.exante.eu; https://ext.com.cy; www.exante.eu;
F1Markets Ltdwww.f1markets.com; www.24CM.com; www.investous.com/eu; www.europrime.com/eu
Fathom Wealth Management Advisors Ltdwww.fathomwma.com
Fenix Capital Markets Trading Ltdwww.fenix-cmt.com
FF Simple and Smart Trades Investment Services Ltdwww.smart-trades.net www.ffsst.com www.tradocenter.com
FIBO Group Holdings Ltdwww.fibogroup.eu; www.fibogroup.com
Fidus Investments Cyprus Ltdwww.fidusinvestments.eu
Fintailor Investments Ltdwww.fintailor.com; www.fintailor.com.cy; www.fintailor.ru
Finteractive Ltdwww.fxvc.com/eu;
First Prudential Markets Ltdwww.fpmarkets.eu; www.fpmarkets.com/eu
Forex TB Ltdwww.forextb.com; www.patronfx.com
Forextime Ltdwww.forextime.com/eu; www.forextimechina.com/eu/zh;
Fortrade Cyprus Ltdwww.fortrade.com
FP Asset Management Cyprus Ltd 
Freedom Finance Europe Ltdwww.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 Ltdwww.fxcc.com
FXBFI Broker Financial Invest Ltdwww.fxbfi.com; www.101investing.com;
FXCM EU Ltdhttp://fxcm.com/eu; http://fxcm.com/fr; http://fxcm.com/it; http://fxcm.com/gr; http://fxcm.com/es; www.fxcm.com/de;
FXGLOBE Ltdhttp://www.fxglobe.com
Fxnet Ltdwww.nessfx.com;
FXOpen EU Ltdwww.fxopen.com
FXPRO Financial Services Ltdwww.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 Ltdwww.gbebrokers.com; www.gbeprime.com; www.discountfx.com; www.elbtrader.com;
General Capital Brokers (GCB) Ltdwww.gcb.com.cy; www.t1markets.com
Global Capital Securities & Financial Services Ltdwww.globalcapital.com.cy
Globia Wealth Ltdwww.globiawealth.com
Go Markets Ltd (ex Galactus Ltd)www.gomarkets.eu;
Goldenburg Group Ltdwww.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 Ltdwww.gpbfs.com.cy
Grandis Securities Ltdwww.grandissecurities.com.cy, www.evest.com
Granfeld Wealth Management Ltdwww.granfeld.com
Growell Capital Ltdwww.fxgrow.com; www.geldexinvest.com;
GWG (Cyprus) Ltdwww.gwglobalfx.com
H.C.F.S. High Capital Financial Services Ltdhttp://highcapital.trade/; traderslive.eu;
HF Markets (Europe) Ltdwww.hfeu.com; https://www.hfaffiliates.com/eu/en/index.html
Hoch Capital Ltdwww.hochcapital.com; www.itrader.com; www.tradeATF.com
Holborn Assets Wealth Management (CY) Ltdwww.holbornassets.com.cy
Holiway Investments Ltdwww.10tradefx.eu; www.miltonprime.eu;
Hua Ren (Cyprus) Financial Ltdwww.huarencyprus.com
HYCM (Europe) Ltdwww.hycm.eu; www.help.hycm.com; www.henyep.com
I.W.G International Wealth Group Ltdwww.interwealthgroup.com
IC Markets (EU) Ltdwww.icmarkets.eu; www.icmarkets.com/eu
ICC Intercertus Capital Ltdwww.everfx.eu; www.inflyx.com
ICFD Ltdwww.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 Ltdwww.ifc-center.com; www.capixal.com;
IFCM Cyprus Ltdwww.ifcmarkets.eu;
IGM Forex Ltdwww.igmfx.com; www.igmforexltd.com; www.igmfxaffiliates.com; www.inefex.com;
IKOS CIF Ltdwww.ikos.com.cy
Indication Investments Ltdhttps://libertex.com
Initial Merit Secure Ltdwww.imsmarkets.com
Instant Trading EU Ltdwww.instaforex.eu; www.forexmart.eu
IQOption Europe Ltdwww.eu.iqoption.com;
ISEC Wealth Management Ltdwww.is-wm.com; www.is-wm.eu
Itrade Global (Cy) Ltdwww.investfw.com; www.tradedwell.com; www.tradefw.com;
JFD Group Ltdwww.jfdbrokers.com; www.jfdprime.com; www.jfdwealth.com; www.jfdchange.com; www.jfdchina.com; www.jfdpartners.com; www.jfdbank.com;
Jin Daocheng Ltdwww.jdcmarkets.com
Just2trade Online Ltdwww.just2trade.online; www.finam.eu; www.J2TX.com; www.J2t.com; www.j2t.exchange
KAB Strategy Ltdwww.kabonline.com
K-DNA Financial Services Ltdwww.kdna-investment.com; www.finmarket.com;
Key Way Investments Ltdwww.keywayinvestments.ro; www.keywayinvestments.com; www.capex.com;
L.F. Investment Ltdwww.purple-trading.com
Leadtrade Ltdwww.leadtradeltd.com; www.topoption.com; www.optionsclick.com; www.prestigeoption.com; www.excellenceoption.com; www.platiniumoption.com
Leverate Financial Services Ltdwww.baselcapitalmarkets.com; www.baselcapitalmarkets.de; www.direktbroker-fx.de; www.fxpn.eu; www.beinmarkets.eu; www.marcorix.com; www.upromarkets.com; www.upro.io;
Lirunex Ltdwww.lirunex.eu
Liteforex (Europe) Ltdwww.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 Ltdwww.lmax.com/global//eu;
London Capital Group (Cyprus) Ltdwww.lcg.com; https://cy-my.lcg.com
Luna Wealth Asset Management Ltdwww.lunawealth.com
Lydya Financial Ltdwww.forex24.com; www.lydyafinancial.com
Magic Compass Ltdwww.magiccompass.com
Magnasale Trading Ltdmagnasaleltd.com
Magnum FX (Cyprus) Ltdmagnumfx.eu; ETfinance.eu; Financedome.com
Marcuard Ηeritage (Europe) Ltdwww.marcuardheritage.com
Maxiflex Ltdwww.europefx.com www.europecapitalgroup.com www.europestocks.com
Maxigrid Ltdwww.agmmarkets.com ; www.dualix.com ; www.maxigrid.com ;
MCA Intelifunds Ltdwww.fxoro.com; www.fxoro.it; www.tk.fxoro.co.uk; www.fxoro.ae
Mega Equity Securities and Financial Services Public Ltdwww.megaequity.com; www.megafx.com
Menasecurities Ltdwww.menasecurities.com
MeritKapital Ltdwww.meritkapital.com; www.meritfixed.com
Mexem Ltdwww.mexem.com; www.inter-il.com; www.c2gateway.com
Monecor (Europe) Ltdwww.etxcapital.com/en-cy; www.etxcapital.com.cy;
Mount Nico Corp Ltdwww.nicofx.com; www.excentral.com; www.mtnico.com; eu.excentral.com
MPS Marketplace Securities Ltdwww.mps.trade
MTG LIQUIDITY Ltdwww.match-prime.com;
Naga Markets Europe Ltdwww.nagamarkets.eu; www.nagatrader.com; www.naga.com
NBH Markets EU Ltdwww.nbhm.eu
NBI Investments Ltdwww.nbinvest.com
NFS Network Financial Services Ltdwww.nfseurope.com
NFX Capital Cy Ltdwww.nordfx.com.cy; https://nordfxeu.com/
Notely Trading Ltdwww.errante.eu
Notesco Financial Services Ltdwww.fxlift.eu; www.ironfx.eu;
Novox Capital Ltdwww.novoxfx.eu
Numisma Capital Ltdwww.numismacap.com; www.elginamc.com
OBR Investments Ltdwww.obrinvest.com
Octa Markets Cyprus Ltdwww.octafx.eu
Omega Funds Investment Ltdwww.omegainvest.com.cy
One Plus Capital Ltdwww.onepluscapital.net; www.openbrokerageaccount.com; www.onelifepartners.com;
ORBEX Ltdwww.orbex.com.cy
Otkritie Broker Ltdwww.open-broker.com
Pacific Union Group Ltdwww.pacific-union.cy
Pegase Capital Ltdwww.interactiveoption.com; www.interactive-option.com; www.hellobrokers.com; www.pegasecapital.com; www.mtxplus.com
Pepperstone EU Limitedhttps://pepperstone.com/
Performance Ronnaru Company Ltdwww.prcbroker.com; www.prcmarkets.com
Plus500CY Ltdwww.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 Ltdwww.pmt.com.cy
Pricewaterhousecoopers Investment Services (Cyprus) Ltdwww.pwc.com.cy/investment-services
Primus Global Ltdwww.fxprimus.com; www.myprimusmarkets.com;
Prior Capital Cy Ltdwww.priorfx.com; priorcapital.eu
Prochoice Chrimatistiriaki Ltdwww.pro-choice.com.cy
Prodigit Investments Ltdwww.prodigitinvest.com
Prospergate Capital Ltdwww.prospergate.com
Pulp International Business Ltd 
R Capital Solutions Ltdwww.rcapitalsolutions.com; www.tradeberry.com; www.eightcap.eu
Redfin Capital Ltdwww.redfincapital.com
Redpine Capital Limitedwww.xbmarkets.com
Regency Asset Management (Cyprus) Ltdwww.ramcyprus.com
Reliantco Investments Ltdwww.ufx.com; www.ufxaffiliates.com www.ufxpartners.com; http://ufx.company/
Renaissance Securities (Cyprus) Ltdwww.rencap.com
RMG Holding Ltdwww.rmgh.eu
Robomarkets Ltdwww.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 Ltdwww.ron.in
Royal Financial Trading (Cy) Ltdwww.oneroyal.com/eu; www.oneroyal.com
Royal Forex Ltdwww.royalforex.com; www.ROInvesting.com
Rynat Trading Ltdwww.rynattrading.com; www.xlearner.eu; www.thextrend.com; www.thextrend.eu;
Safecap Investments Ltdwww.markets.com; www.safecapltd.com; www.MarketsX.com; www.opcmarkets.com;
Sharelink Securities and Financial Services Ltdwww.sharelinksecurities.com; www.sharelinkonline.com; sharelink.xoas.inbroker.gr; sharelink.ibl.inbroker.com
Sheer Markets (Cyprus) Ltdsheermarkets.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) Ltdwww.sib.com.cy
Skanestas Investments Ltdwww.skanestas.com
Skilling Ltdwww.skilling.com
SM Capital Markets Ltdwww.smcapitalmarkets.com; www.smfx.com/eu; www.scopemarkets.eu;
Solid Financial Services Ltdwww.solid.com.cy
Sonaf Business Ltdwww.sonafx.com
SPA Financial Services Ltdwww.spafs.com
Squared Financial (CY) Ltdwww.squaredfinancial.com; www.squareddirect.com;
Stone Edge Capital Ltdwww.stedcap.com
Streams Financial Services Ltdwww.streamsfx.com
Symmetria F.S. Ltdwww.symmetriafs.com
T.C.R. International Ltdwww.tcr-int.com
TEC International (Cyprus) Ltdwww.tecfinine.com;
Teletrade-DJ International Consulting Ltdwww.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 Ltdwww.tfimarkets.com
The Cyprus Investment and Securities Corporation Ltdcisco-online.com.cy
The First Interstellar Capital Limitedwww.interstellarfx.eu
Think Wealth Ltdwww.thinkwealth.com.cy
Tickmill Europe Ltdwww.tickmill.eu
Topfx Ltdwww.topfx.com; www.fondex.com
Trade Capital Markets (TCM) Ltdwww.tradecapitalmarkets.com; www.trade.com; www.finexo.com
Tradernet Ltdwww.tradernet.com.cy;
Tradestone Ltdwww.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 Ltdwww.trading212.com
Trading Point Asset Management Ltd 
Trading Point Of Financial Instruments Ltdwww.trading-point.com; www.xm.com; www.pipaffiliates.com
Triangleview Investments Ltdwww.3anglefx.com; www.3angleview.com;
Trilt Ltdwww.trilt.com
Triumph Int. (Cyprus) Ltdwww.triumphfx.com
Trust Capital TC Ltdwww.trustcapitaltc.com
TTCM Traders Trust Capital Markets Ltdwww.traders-trust.eu;
UBK Markets Ltdwww.ubkmarkets.com
UGL Exchange Ltdwww.uglexchange.com
UGM Securities Ltdwww.ugm.com.cy
UR Trade Fix Ltdhttps://tradeo.com/; www.plusmarkets.eu
Vasby Capital Markets Limitedwww.doto.eu; www.eu.doto.com; www.doto.com/eu;
Veles International Ltdwww.veles-int.com
Vistabrokers CIF Ltdwww.vistabrokersfx.com; www.Vistabrokers.com ;
VM Vita Markets Ltdhttps://vita-markets.com
VPR Safe Financial Group Ltdacademy.alvexo.fr; www.alvexo.eu; www.alvexo.fr; www.alvexo.de; www.avlexo.it; www.alvexo.eu/ar;
W.G. Wealth Guardian Ltdwguardian.com
WGM Services Ltdwww.ezinvest.com; www.marches-financiers.fr; www.stockstp.com; www.phoenixmarkets.com; www.phoenixmarkets.fr;
Windsor Brokers Ltdwww.windsorbrokers.eu
Wise Wolves Finance Ltdwww.wise-wolves.finance
Wonderinterest Trading Ltdwww.wonderinterest.com; www.zetano.com;
Woodbrook Group Ltdwww.woodbrookgroup.com
X Global Markets Ltdwww.xglobalmarkets.com; https://www.xglobalinvest.com
XSpot Wealth (EU) Ltd (ex X SPOT MARKETS (EU) LTD)www.xspot.markets; https://www.xspotwealth.com/
XTB Ltdwww.xtb.com/cy www.xtb.com/IT www.xtb.com/HU
XTrade Europe Ltdoffersfx.com; offersfx.eu;
Zemblanco Investments Ltdwww.zemblanco.com
Zerich Securities Ltdwww.zerich.eu; www.zerich.com

 

 

 

Best CySEC Forex Brokers List

xm trading
Broker TypeMarket Maker
RegulationsIFSC, CySec, ASIC
Min Deposit$5.00
Account Base CurrencyUSD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR
Max Leverage888:1. *Leverage depends on the entity of the group and the financial instrument traded.
Trading PlatformsMetatrader 4/5, Webtrader
fpmarkets logo
Broker TypeECN, DMA
RegulationsASIC, CySEC
Min Deposit$100.00 USD
Account Base CurrencyAUD, CAD, CHF, EUR, GBP, HKD, CNY, NZD, SGD, USD
Max Leverage1:500
Trading PlatformsIRESS, Metatrader 4 and 5, MAM, PAMM
ic markets
Broker TypeECN
RegulationsASIC, CySEC
Min Deposit$200.00
Account Base CurrencyUSD, AUD, EUR, GBP, CAD, JPY, NZD,CHF, SGD, HKD
Max Leverage 500:1
Trading PlatformsMetatrader 4/5, cTrader, Webtrader, API Trading, MAM / PAMM

Best CySEC regulated forex brokers

Cyprus is home to many of the top brands in online trading. XM and HotForex are companies founded by Cypriots and brands FXTM, FxPro and easyMarkets launched in Cyprus more than a decade ago.

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.[12]

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.

*A portion of the Sign up links to brokers websites are affiliate links. We may receive a commission with no charge to you. This enables us to keep creating helpful forex trading content for our readers for free.