CySEC Regulated Brokers
The Cyprus Securities and Exchange Commission is a forex regulator which was founded in 2001. Many forex brokers registering for CySec regulation because of its easier requirements compared to other regulators such as FCA or NFA. Therefore, CySec become famous as one of the largest forex broker regulators in the world.
In 2004, Cyprus was accepted to become part of the European Union. With the country's new status, CySEC automatically becomes a subsidiary of MiFID, a European regulatory organization. CySEC regulated brokerages are permitted to carry out their business activities in the European region.
CySEC is a regulator that has caused a lot of controversies. Before joining the EU, it was considered a tax haven, so a reference was made to companies and businesses from all over the world who wanted to save their funds abroad. Although it has become one of the authorities related to financial company legislation, the CySEC legislation regulates binary options as financial instruments.
Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
---|---|---|---|---|---|
FXTM Belize 2011 |
CySEC 185/12 FCA (UK), 777911 FSC (Mauritius), C113012295 FSCA (South Africa), 46614 |
1:2000 | $10 | Review | |
FXCM Australia 1999 |
ASIC 309763 CONSOB (Italy), 76 CySEC, 392/20 DMCC (Dubai), 31171 FCA (UK), 217689 ISA (Israel), 2 SFC (Hong Kong), AIM232 |
1:400 | $1 | Review | |
Pepperstone Australia 2010 |
ASIC, 223682 BaFin 151148 Capital Markets Authority of Kenya, 128 CySEC, 388/20 DFSA (Dubai), F004356 |
1:500 | $200 | Review | |
Tickmill Seychelles 2014 |
BaFin, 146511 CySEC, 278/15 FCA (UK) 717270 FSA (Seychelles), SD008 FSCA (South Africa), 49464 |
1:500 | $100 | Review | |
eToro China 2007 |
ASIC, 491139 CySEC, 109/10 FCA (UK), FRN 583263 FINRA 298361/SEC#: 8-70212 |
1:400 | $200 | Review | |
IFC Markets British Virgin Islands 2006 |
CySEC, 147/11 FSC (BVI) SIBA/L/14/1073 |
1:400 | $1 | Review | |
Plus500 Australia 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 Australia 2001 |
ASIC, 246566 CySEC, 079/07 FSA (Seychelles), 19.09.2020 |
1:400 | $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 |
1:100 | $100 | Review | |
FBS China 2009 |
ASIC, 426359 CySEC, 331/17 IFSC (Belize) IFSC/60/230/TS/12 |
1:3000 | $1 | Review | |
Orbex Cyprus 2009 |
Banque de France, 73762 CNMV (Spain) 2894 CONSOB (Italy), 3148 CySEC, 124/10 FCA (UK), 553071 |
1:500 | $200 | Review | |
Admiral Markets Argentina 2001 |
ASIC, 28381 CySEC, 201/13 FCA (UK), 595450 FSA (Estonia), 10932555 |
1:500 | $100 | 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 | |
FxNet United Arab Emirates 2012 |
CySEC, 182/12 IFSC (Belize), 130266 |
1:500 | $50 | Review | |
Saxo Bank China 1992 |
ASIC, 109605610 Banque de France, 483632501 CySEC, 163/12 FCA (UK), FC026688 FSA (Denmark), 1149 SFC (Hong Kong) 1395901 |
1:200 | $10000 | Review | |
LCG United Kingdom 1996 |
CySEC, 341/17 FCA (UK), 182110 |
1:200 | $10000 | Review | |
LiteForex Bulgaria 2005 |
CySEC, 093/08 (only LiteForex (Europe) Limited www.liteforex.eu) |
1:500 | $50 | Review | |
Alvexo Cyprus 2014 |
AFM (Netherlands) 02-04-2015 BaFin, 142529 CNMV (Spain), 3917 CONSOB (Italy), 4789 CySEC, 236/14 FCA (UK), 683301 |
1:400 | $500 | Review | |
FXPRIMUS Cyprus 2009 |
CySEC, 261/14 FSCA (South Africa), 46675 Vanuatu Financial Services Commission 14595 |
1:500 | $2500 | Review | |
XM Australia 2009 |
ASIC, 443670 BaFin, 124161 CNMV (Spain), 2010157773 CONSOB (Italy) 3046 CySEC, 120/10 FCA (UK), 538324 FSP (New Zealand), FSP235905 |
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 |
1:30 | $200 | Review | |
ForexMart Cyprus 2014 |
CySEC, 266/15 |
1:500 | $1 | Review | |
HYCM Hong Kong 1977 |
Cayman Islands Monetary Authority 1442313 CySEC, 259/14 DFSA (Dubai), 000048 FCA (UK), 186171 FSA (St. Vincent & the Grenadines), 25228 |
1:325 | $100 | 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 |
1:30 | $250 | Review | |
FP Markets Australia 2005 |
ASIC, 286354 CySEC, 371/18 |
1:500 | $100 | Review | |
EverFX Cyprus 2015 |
Cayman Islands Monetary Authority, 1444866 CNMV (Spain), 4256 CySEC, 301/16 FCA (UK), 763771 |
1:500 | $250 | Review | |
NordFX Cyprus 2008 |
CySEC, 209/13 |
1:1000 | $10 | Review | |
BDSwiss Cyprus 2012 |
CySEC, 199/13 FSA (Seychelles), SD047 FSC (Mauritius), C116016172 |
1:400 | $100 | Review | |
iFOREX Cyprus 1996 |
CySEC, 143/11 |
1:30 | $100 | Review | |
FIBOGroup Austria 1998 |
CySEC, 118/10 FSC (BVI), SIBA/L/14/1063 |
1:1000 | $1 | Review | |
Royal Australia 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 |
1:300 | $100 | 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 |
1:30 | $500 | 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 | |
JFD Bank Bulgaria 2011 |
BaFin, 120056 CySEC, 150/11 |
1:400 | $500 | Review | |
Fortrade United Kingdom 2013 |
ASIC, 493520 CySEC, 385/20. FCA (UK), 609970 IIROC 20-0021 NBRB (Belarus), 193075810 |
1:100 | $500 | Review | |
Swiss Markets Cyprus 2016 |
CySEC, 199/13 FSC (Mauritius), C116016172 |
1:500 | $200 | Review | |
IronFX Australia 2010 |
ASIC, 417482 CySEC, 125/10 FCA (UK), 585561 FSCA (South Africa), 45276 |
1:30 | $100 | Review | |
Libertex Armenia 1997 |
CySEC, 164/12 FSCA (South Africa), 47381 NBRB (Belarus) 2 |
1:600 | $1 | 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 |
1:50 | $100 | Review | |
FxView Cyprus 2018 |
BaFin, 157125 CNMV (Spain), 4892 CONSOB (Italy), 5151 CySEC, 367/18 FCA (UK), 850138 |
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 | |
Streams Cyprus 2019 |
CySEC, 376/19 |
1:500 | $100 | Review | |
EuropeFX Cyprus 2014 |
CySEC, 258/14 |
1:30 | $1000 | Review | |
IQ Option Cyprus 2013 |
CySEC, 247/14 |
1:300 | $1 | Review | |
UFX United Kingdom 2009 |
CySEC, 127/10 Vanuatu Financial Services Commission, 14581 |
1:200 | $100 | 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 |
1:30 | $200 | Review | |
OctaFX Saint Vincent and the Grenadines 2011 |
CySEC, 372/18 FCA (UK), 679306 IFSA (St. Vincent and Grenadines) 19776 IBC 2011 |
1:500 | $100 | Review | |
FxPro Bahamas 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 CySEC, 300/16 FCA (UK), 782501 |
1:400 | $2000 | Review | |
ForexTB Cyprus 2020 |
CySEC, 272/15 |
1:30 | $250 | Review |
Advantages and Disadvantages of Trading in CySEC Regulated Brokers
The main focus of CySEC is to provide oversight to companies operating in Cyprus. Protection for clients is limited to clarifying whether an entity is registered or not. Therefore, traders who want to register with a CySEC regulated broker must be very thorough. Many forex scam brokers claim to be regulated by CySEC. To anticipate this, the Cypriot regulator requires its official brokers to include the applicable regulatory numbers on the website and distributed promotional material.
There are CySEC regulated forex broker brokers who offer their services throughout the world. Providing large leverage, affordable minimum deposits, and a simple registration process become the selling points of CySEC regulated broker. For traders who want to start with limited funds and looking for brokers that require simple registration but are still regulated by Europe, CySEC brokers are approved as a reference.
But keep in mind, the protection provided by CySEC approves the application of Separate Accounts and regular financial reporting. CySEC is also known to have a loosen capacity for supervision and light punishment. CySEC regulated forex brokers generally only need to pay a fine to remain regulated, while refunds in the form of refunds are not handled by CySEC. If there is a loss or broker bankruptcy, traders should contact the broker independently.
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.