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 | |
|---|---|---|---|---|
| Windsor Brokers China 1998 | AFM (Netherlands) 72346 BaFin, 120311 Capital Markets Authority of Kenya, 156 CySEC, 030/04 FCA (UK), 463727 ESMA | 1:500 | $100 | Review |
| easyMarkets Australia 2001 |
ASIC, 246566 CySEC, 079/07 FSA (Seychelles), 19.09.2020 FSC (BVI) 15.20.2020 | 1:400 | $25 | Review |
| Exness Cyprus 2008 | Capital Markets Authority of Kenya 30/05/2022 CySEC, 178/12 FCA (UK), 730729 FSA (Seychelles), SD025 FSC (BVI), SIBA/L/20/1133 FSC (Mauritius), 176967 FSCA (South Africa), 51024 The Financial Commission, 22.07.2021 | 1:2000 | $1 | Review |
| Plus500 Australia 2008 |
ASIC, 417727 CySEC, 250/14 FCA (UK), 509909 FSA (Estonia), 16128206 FSCA (South Africa) 47546 ISA (Israel), 5 Monetary Authority of Singapore, 2017-12-11 | 1:300 | $100 | Review |
| Libertex Armenia 1997 |
CySEC, 164/12 FSCA (South Africa), 47381 NBRB (Belarus) 2 | 1:600 | $1 | Review |
| eToro China 2007 |
ASIC, 491139 CySEC, 109/10 FCA (UK) FRN 583263 FINRA, 298361/SEC#: 8-70212 | 1:400 | $200 | Review |
| HotForex Cyprus 2010 |
Capital Markets Authority of Kenya, 26/01/2022 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), 466 | 1:1000 | $5 | Review |
| ETX Capital Cyprus 1965 |
CySEC, 096/08 FCA (UK), 124721 FSCA (South Africa), 50246 | 1:400 | $100 | Review |
| FXPRIMUS Cyprus 2009 |
CySEC, 261/14 FSCA (South Africa), 46675 Vanuatu Financial Services Commission 14595 | 1:500 | $2500 | Review |
| FxPro Bahamas 2006 |
CySEC, 078/07 DFSA (Dubai), F003333 FCA (UK), 509956 FSCA (South Africa), 45052 | 1:50 | $100 | Review |
| BDSwiss Cyprus 2012 |
BaFin, HRB 160749B CFTC/NFA 0486419 CySEC, 199/13 FSA (Seychelles), SD047 FSC (Mauritius), C116016172 | 1:400 | $100 | Review |
| FIBOGroup Austria 1998 |
CySEC, 118/10 FSC (BVI), SIBA/L/14/1063 | 1:1000 | $1 | 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 |
| JustForex Cyprus 2012 |
FSA (Seychelles), SD088 FSA (St. Vincent & the Grenadines), 23993 | 1:3000 | $1 | Review |
| IronFX Australia 2010 |
ASIC, 417482 CySEC, 125/10 FCA (UK), 585561 FSCA (South Africa), 45276 | 1:30 | $100 | Review |
| XM Australia 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 |
| ForexMart Cyprus 2014 |
CySEC, 266/15 | 1:500 | $1 | Review |
| Pepperstone Australia 2010 | ASIC 414530 BaFin, 151148 Capital Markets Authority of Kenya, 128 CySEC, 388/20 DFSA (Dubai), F004356 FCA 684312 SCB SIA-F217 | 1:30 | $200 | Review |
| FXTM Belize 2011 | CySEC 185/12 FCA (UK), 777911 FSC (Mauritius), C113012295 FSCA (South Africa), 46614 | 1:2000 | $10 | Review |
| 24option Albania 2009 | IFSC (Belize) 000319/38 | 1:400 | $100 | Review |
| NordFX Cyprus 2008 |
Vanuatu Financial Services Commission, 15008 | 1:1000 | $10 | Review |
| Olymp Trade Cyprus 2014 | The Financial Commission 22.02.2016 | 1:500 | $2 | Review |
| iFOREX Cyprus 1996 |
CySEC, 143/11 | 1:30 | $100 | Review |
| Xtrade Cyprus 2010 |
ASIC, 342628 CySEC, 108/10 IFSC (Belize), IFSC/60/383/TS/15 NAFD (Russia) A | 1:400 | $100 | Review |
| TriumphFX Australia 2009 |
FSA (Seychelles), SD080 Vanuatu Financial Services Commission, 17901 | 1:500 | $100 | Review |
| Tradeo Cyprus 2012 |
CySEC, 282/15 FSCA (South Africa), 46452 | 1:30 | $250 | 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 |
| IFC Markets British Virgin Islands 2006 |
CySEC, 147/11 FSA (Labuan) MB / 20/004 FSC (BVI), SIBA/L/14/1073 | 1:400 | $1 | Review |
| Royal Australia 2008 |
ASIC, 420268 CySEC, 312/16 | 1:30 | $50 | Review |
| Trade360 Cyprus 2013 |
ASIC, 439907 CySEC, 202/13 | 1:200 | $500 | Review |
| FXGlory Cyprus 2011 | None | 1:3000 | $1 | Review |
| Fondex Cyprus 2010 |
CySEC, 138/11 FSA (Seychelles), 8424819-1 | 1:30 | $250 | Review |
| EverFX Cyprus 2015 | Cayman Islands Monetary Authority 1444866 CNMV (Spain), 4256 CySEC, 301/16 ESMA | 1:500 | $250 | Review |
| ITRADER Cyprus 2016 | None | 1:200 | $100 | Review |
| eXcentral Cyprus 2019 |
CySEC, 226/14 | 1:30 | $250 | 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 |
| TFI Markets Cyprus 1999 |
CySEC, 117/10 | 1:500 | $50 | 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 |
| CM Trading Cyprus 2011 |
FSA (Seychelles), SD070 FSCA (South Africa), 38782 | 1:200 | $250 | Review |
| Blackwell Global Bahamas 2010 |
CySEC, 159/11 FCA (UK), 590313 Securities Commission of The Bahamas SIA-F215. TIN. 109226376 | 1:200 | $1 | 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 |
| 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 |
| GBE brokers Cyprus 2013 |
CySEC, 240/14 | 1:30 | $500 | Review |
| FXGlobe Cyprus 2008 |
BaFin, 136044 CNMV (Spain), 3628 CONSOB (Italy), 4071 CySEC, 205/13 MFSA FLTD7 ESMA | 1:500 | $250 | Review |
| XGLOBAL Markets Cyprus 2012 |
BaFin, 132843 CNMV (Spain), 2013092102 CySEC, 171/12 FCA (UK), 602404 Vanuatu Financial Services Commission, 15062 ESMA | 1:30 | $100 | Review |
| EuropeFX Cyprus 2014 |
CNMV (Spain), 4065 CONSOB (Italy), 4071 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 |
| SquaredFinancial Cyprus 2017 |
CySEC, 329/17 FSA (Seychelles), SD024 | 1:30 | $250 | Review |
| ROinvesting Cyprus 2015 |
BaFin, 10146452 CNMV (Spain), 4075 CySEC, 269/15 FCA (UK), 731592 ESMA | 1:400 | $100 | Review |
| NAGA Cyprus 2015 |
CySEC, 204/13 | 1:500 | $250 | Review |
| Forex24 Cyprus |
BaFin, 2017/1349943 CNMV (Spain), 4373 CONSOB (Italy), 4624 CySEC, 300/16 FCA (UK), 782501 ESMA | 1:400 | $2000 | Review |
| Axiance Cyprus 2015 |
Cayman Islands Monetary Authority, 1444866 CNMV (Spain), 4256 CySEC, 301/16 FSA (Seychelles), SD036 FSC (Mauritius), GB20025770 ESMA | 1:500 | $100 | Review |
| Milton Prime Cyprus 2014 |
CySEC, 248/14 FSA (Seychelles), SD040 | 1:500 | $300 | Review |
| Capital.com Australia 2017 |
ASIC, 513393 CySEC, 319/17 FCA (UK), 793714 NBRB (Belarus), 193225654 | 1:30 | $100 | Review |
| Colmex Pro Cyprus 2009 |
CySEC, 123/10 FSCA (South Africa), 46990 | 1:30 | $2000 | Review |
| Alfa Capital Markets Cyprus 2003 |
Bank of Russia, 1167746614947 CySEC, 387/20 | 1:100 | $1 | Review |
| OffersFX Cyprus 2010 |
ASIC, 342628 CySEC, 108/10 IFSC (Belize), IFSC/60/383/TS/15 | 1:400 | $200 | Review |
| ForexTB Cyprus 2020 |
CySEC, 272/15 | 1:30 | $250 | Review |
| Traders Trust Bermuda 2009 |
CySEC, 107/09 | 1:500 | $50 | Review |
| streamsfx Cyprus 2019 |
CySEC, 376/19 | 1:30 | $500 | Review |
| FxView Cyprus 2018 |
BaFin, 157125 CNMV (Spain), 4892 CONSOB (Italy), 5151 CySEC, 367/18 FCA (UK), 850138 The Financial Commission, 06.07.2021 ESMA | 1:500 | $1 | Review |
| Vinson Financials Cyprus 2004 | None | 1:500 | $200 | Review |
| AAATrade Cyprus 2013 |
BaFin, 45052 CySEC, 244/14 FCA (UK), 659844 | 1:200 | $1 | Review |
| FX Giants Cyprus 2015 |
FCA (UK), 585561 | 1:30 | $100 | Review |
| JFD Bank Bulgaria 2011 |
BaFin, 120056 CySEC, 150/11 | 1:400 | $500 | Review |
| CFDTimes Cyprus 2012 | IFSA (St. Vincent and Grenadines) 25694 IBC | 1:500 | $5 | Review |
| Swiss Markets Cyprus 2016 |
CySEC, 199/13 FSA (Seychelles), SD047 FSC (Mauritius), C116016172 | 1:500 | $200 | Review |
| Skilling Cyprus 2016 |
CySEC, 357/18 FCA (UK), 810951 FSA (Seychelles), SD042 | 1:500 | $100 | Review |
| Markets Cube Cyprus 2017 | None | 1:100 | $5000 | Review |
| TurboForex Argentina 2010 | FSP (New Zealand) 332266 | 1:500 | $250 | Review |
| TradeFW Cyprus 2018 |
CySEC, 298/16 | 1:30 | $250 | 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 |
| AMEGA Cyprus 2018 | None | 1:1000 | $1 | Review |
| OvalX Cyprus 1965 |
CySEC, 096/08 FCA (UK), 124721 FSCA (South Africa), 50246 | 1:400 | $100 | 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.
