Forex Brokers Located In Cyprus
Forex broker regulation in Cyprus is managed by CySEC (Cyprus Securities and Exchange Commission). Many consider that the regulation of CySEC is loosened than other European countries, but that is not entirely true. All regulations of the ESMA (European Securities and Markets Authority), specifically restrictions on leverage, still apply in Cyprus.
Although it's considered as a small country, Cyprus can be called a haven for forex brokers in Europe. Many brokers choose Cyprus as a proxy to spread its wings on the forex market. Over time, the development of Cyprus-regulated forex brokers is increasingly massive.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
| FXTM Cyprus 2011 | CySEC 185/12 FCA (UK), 777911 FSC (Mauritius), C113012295 FSCA (South Africa), 46614 | 1:2000 | $10 | Review | |
| eToro Cyprus 2007 | ASIC 491139 CySEC, 109/10 FCA (UK), FRN 583263 FINRA, 298361/SEC#: 8-70212 | 1:400 | $200 | Review | |
| IFC Markets Cyprus 2006 | CySEC, 147/11 FSC (BVI) SIBA/L/14/1073 | 1:400 | $1 | Review | |
| Plus500 Cyprus 2008 | ASIC, 417727 CySEC, 250/14 FCA (UK) 509909 FSCA (South Africa), 47546 ISA (Israel), 5 Monetary Authority of Singapore, 2017-12-11 | 1:300 | $100 | Review | |
| Trade360 Cyprus 2013 | ASIC, 439907 CySEC, 202/13 | 1:200 | $500 | Review | |
| Fondex Cyprus 2010 | CySEC, 138/11 FSA (Seychelles) 8424819-1 | 1:30 | $250 | Review | |
| easyMarkets Cyprus 2001 | ASIC, 246566 CySEC, 079/07 FSA (Seychelles), 19.09.2020 | 1:400 | $100 | Review | |
| ETX Capital Cyprus 1965 | CySEC, 096/08 FCA (UK), 124721 | 1:400 | $100 | Review | |
| 24option Cyprus 2009 | IFSC (Belize) 000319/38 | 1:400 | $100 | Review | |
| ITRADER Cyprus 2016 | None | 1:200 | $100 | Review | |
| Windsor Brokers Cyprus 1998 | AFM (Netherlands) 72346 BaFin, 120311 CySEC, 030/04 FCA (UK), 463727 ESMA | 1:500 | $100 | Review | |
| FxGrow Cyprus 2008 | BaFin WA37-K 5000-138982-2014/0001 Banque de France, 74965 CNMV (Spain), 3755 CySEC, 214/13 FCA (UK), 628755 Finansinspektionen (Sweden), 14-10518 HCMC (Greece), 2703 ESMA | 1:100 | $100 | Review | |
| Orbex Cyprus 2009 | Banque de France 73762 CNMV (Spain), 2894 CONSOB (Italy), 3148 CySEC, 124/10 FCA (UK), 553071 ESMA | 1:500 | $200 | Review | |
| Tradeo Cyprus 2012 | CySEC, 282/15 FSCA (South Africa) 46452 | 1:30 | $250 | Review | |
| Exness Cyprus 2008 | CySEC, 178/12 FCA (UK), 730729 FSA (Seychelles), SD025 FSCA (South Africa), 51024 | 1:2000 | $1 | Review | |
| HotForex Cyprus 2010 | CySEC, 183/12 DFSA (Dubai) F004885 FCA (UK), 801701 FSA (Seychelles), 8419176-1 FSA (St. Vincent & the Grenadines), 22747 FSC (Mauritius), 094286 FSCA (South Africa), 46632 | 1:1000 | $5 | Review | |
| Alvexo Cyprus 2014 | AFM (Netherlands), 02-04-2015 BaFin, 142529 CNMV (Spain) 3917 CONSOB (Italy), 4789 CySEC, 236/14 FCA (UK), 683301 FSA (Seychelles), SD030 ESMA | 1:400 | $500 | Review | |
| FXPRIMUS Cyprus 2009 | CySEC, 261/14 FSCA (South Africa), 46675 Vanuatu Financial Services Commission 14595 | 1:500 | $2500 | Review | |
| XM Cyprus 2009 | ASIC, 443670 BaFin, 124161 CNMV (Spain), 2010157773 CONSOB (Italy) 3046 CySEC, 120/10 FCA (UK), 538324 FSP (New Zealand), FSP235905 ESMA | 1:888 | $5 | Review | |
| FXGM Cyprus 2011 | BaFin, 130520 Banque de France, 74353 CNMV (Spain), 3321 CONSOB (Italy), 3567 CySEC, 161/11 FCA (UK), 593528 FSCA (South Africa), 47709 ESMA | 1:30 | $200 | Review | |
| ForexMart Cyprus 2014 | CySEC, 266/15 | 1:500 | $1 | Review | |
| CM Trading Cyprus 2011 | FSA (Seychelles), SD070 FSCA (South Africa), 38782 | 1:200 | $250 | Review | |
| Credit Financier Invest Cyprus 1998 | BaFin, 1338881 Banque du Liban 40 CySEC, 179/12 DFSA (Dubai), F003933 FCA (UK), 602588 Jordan Securities Commission, 200164731 | 1:30 | $1 | Review | |
| TFI Markets Cyprus 1999 | CySEC, 117/10 | 1:500 | $50 | Review | |
| eXcentral Cyprus 2019 | CySEC, 226/14 FSCA (South Africa), 48296 | 1:30 | $250 | Review | |
| EverFX Cyprus 2015 | Cayman Islands Monetary Authority 1444866 CNMV (Spain), 4256 CySEC, 301/16 ESMA | 1:500 | $250 | Review | |
| NordFX Cyprus 2008 | CySEC, 209/13 Vanuatu Financial Services Commission, 15008 | 1:1000 | $10 | Review | |
| BDSwiss Cyprus 2012 | BaFin, HRB 160749B CFTC/NFA 0486419 CySEC, 199/13 FSA (Seychelles), SD047 FSC (Mauritius), C116016172 | 1:400 | $100 | Review | |
| FXGlory Cyprus 2011 | None | 1:3000 | $1 | Review | |
| iFOREX Cyprus 1996 | CySEC, 143/11 | 1:30 | $100 | Review | |
| FIBOGroup Cyprus 1998 | CySEC, 118/10 FSC (BVI), SIBA/L/14/1063 | 1:1000 | $1 | Review | |
| Royal Cyprus 2008 | ASIC, 420268 CySEC, 312/16 | 1:30 | $50 | Review | |
| MARKETSX Cyprus 2006 | AFM (Netherlands), 0900-5400 540 ASIC, 424008 BaFin, 122798 CySEC, 092/08 FCA (UK), 607305 FSA (Denmark), 6729 FSCA (South Africa), 46860 ESMA | 1:300 | $100 | Review | |
| Blackwell Global Cyprus 2010 | CySEC, 159/11 FCA (UK), 590313 Securities Commission of The Bahamas SIA-F215. TIN. 109226376 | 1:200 | $1 | Review | |
| GBE brokers Cyprus 2013 | CySEC, 240/14 | 1:30 | $500 | Review | |
| Traders Trust Cyprus 2009 | CySEC, 107/09 | 1:500 | $50 | Review | |
| XGLOBAL Markets Cyprus 2012 | BaFin, 132843 CNMV (Spain), 2013092102 CySEC, 171/12 FCA (UK), 602404 ESMA | 1:30 | $100 | Review | |
| Vinson Financials Cyprus 2004 | None | 1:500 | $200 | Review | |
| FXGlobe Cyprus 2008 | CySEC, 205/13 | 1:500 | $250 | Review | |
| AAATrade Cyprus 2013 | BaFin, 45052 CySEC, 244/14 FCA (UK), 659844 | 1:200 | $500 | Review | |
| Xtrade Cyprus 2010 | ASIC, 342628 CySEC, 108/10 IFSC (Belize), IFSC/60/383/TS/15 NAFD (Russia) A | 1:400 | $100 | Review | |
| FX Giants Cyprus 2015 | FCA (UK), FCA No. 585561 | 1:30 | $100 | Review | |
| JFD Bank Cyprus 2011 | BaFin, 120056 CySEC, 150/11 | 1:400 | $500 | Review | |
| CFDTimes Cyprus 2012 | IFSA (St. Vincent and Grenadines) 25694 IBC | 1:500 | $5 | Review | |
| TriumphFX Cyprus 2009 | Ministry of Finance and Economic Management (Vanuatu) 17901 | 1:500 | $100 | Review | |
| Swiss Markets Cyprus 2016 | CySEC, 199/13 FSC (Mauritius), C116016172 | 1:500 | $200 | Review | |
| Markets Cube Cyprus 2017 | None | 1:100 | $5000 | Review | |
| AMEGA Cyprus 2018 | None | 1:1000 | $1 | Review | |
| IronFX Cyprus 2010 | ASIC, 417482 CySEC, 125/10 FCA (UK), 585561 FSCA (South Africa), 45276 | 1:30 | $100 | Review | |
| Libertex Cyprus 1997 | CySEC, 164/12 FSCA (South Africa), 47381 NBRB (Belarus) 2 | 1:600 | $1 | Review | |
| TurboForex Cyprus 2010 | FSP (New Zealand) 332266 | 1:500 | $250 | Review | |
| TradeFW Cyprus 2018 | CySEC, 298/16 | 1:30 | $250 | Review | |
| Olymp Trade Cyprus 2014 | The Financial Commission 22.02.2016 | 1:500 | $2 | Review | |
| TIOmarkets Cyprus 2019 | FCA (UK), 488900 FSA (St. Vincent & the Grenadines), 24986 | 1:200 | $1 | Review | |
| LegacyFx Cyprus 2017 | BaFin, 348194 CySEC, 344/17 FCA (UK), 797343 NBRB (Belarus), 193180778 Vanuatu Financial Services Commission, 14579 | 1:200 | $500 | Review | |
| Just2Trade Cyprus 2015 | CySEC, 281/15 | 1:500 | $100 | Review | |
| Purple Trading Cyprus 2015 | CySEC, 271/15 | 1:30 | $100 | Review | |
| AMP Global Cyprus 2018 | BaFin, 154811 CFTC/NFA, 0412490 CNMV (Spain), 4624 CONSOB (Italy), 4869 CySEC, 360/180 FCA (UK), 819311 ESMA | 1:50 | $100 | Review | |
| FxView Cyprus 2018 | BaFin, 157125 CNMV (Spain), 4892 CONSOB (Italy), 5151 CySEC, 367/18 FCA (UK), 850138 ESMA | 1:500 | $1 | Review | |
| Skilling Cyprus 2016 | CySEC, 357/18 FCA (UK), 810951 FSA (Seychelles), SD042 | 1:500 | $100 | Review | |
| streamsfx Cyprus 2019 | CySEC, 376/19 | 1:30 | $500 | Review | |
| NAGA Cyprus 2015 | CySEC, 204/13 | 1:500 | $250 | Review | |
| EuropeFX Cyprus 2014 | CNMV (Spain), 4065 CONSOB (Italy), 4071 CySEC, 258/14 Finansinspektionen (Sweden) 38431 ESMA | 1:30 | $1000 | Review | |
| IQ Option Cyprus 2013 | CySEC, 247/14 | 1:300 | $1 | Review | |
| TrioMarkets Cyprus 2014 | CySEC, 268/15 FSC (Mauritius), C118023678 | 1:30 | $500 | Review | |
| ATFX Cyprus 2015 | Banque de France, 75626 CNMV (Spain), 4185 CNVM (Romania) 110536 CySEC, 285/15 FCA (UK), 760555 Finansinspektionen (Sweden), FT00096123 FSA (Sweden), NOR-149113 ESMA | 1:30 | $200 | Review | |
| Alfa Capital Cyprus 2003 | Bank of Russia 1167746614947 CySEC, 387/20 | 1:100 | $1 | Review | |
| FxPro Cyprus 2006 | CySEC, 078/07 DFSA (Dubai), F003333 FCA (UK), 509956 FSCA (South Africa), 45052 | 1:50 | $100 | Review | |
| SquaredFinancial Cyprus 2017 | CySEC, 329/17 FSA (Seychelles), SD024 | 1:30 | $1 | Review | |
| ROinvesting Cyprus 2015 | CySEC, 269/15 | 1:400 | $100 | Review | |
| Forex24 Cyprus | BaFin, 2017/1349943 CNMV (Spain), 4373 CONSOB (Italy), 4624 CySEC, 300/16 FCA (UK), 782501 ESMA | 1:400 | $2000 | Review | |
| ForexTB Cyprus 2020 | CySEC, 272/15 | 1:30 | $250 | Review |
If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
FAQ
What is the best forex broker in Cyprus?
Finding the best forex broker in Cyprus is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from Cyprus, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.
Where can I trade forex in Cyprus?
The list in this page can be a good reference if you look to trade with in Cyprus. We have sorted specific forex brokers that accept clients from Cyprus, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.
What is the best forex broker for beginners?
If you are a beginner and looking for the right broker to trade with in Cyprus, some aspects that you need to pay attention to are the low minimum deposit, demo account , and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.
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