List of Brokers with CySEC Regulation

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Founded in 2001, CySEC is a public corporation from Cyprus. Once Cyprus becomes a member of the EU, all registered brokers and licensed companies are granted access to the European market. As a result, a large number of online brokers are regulated by CySEC and you will find more regulated forex brokers in Cyprus than in any other jurisdiction.

Established

2001

Country

Cyprus

Amount of Data

89

Broker Regulation
Exness

Kenya 2008

IC Markets

Australia 2007

XM

Australia 2009

FXTM

Kenya 2011

FXOpen

Australia 2003

OctaFX

Cyprus 2011

FBS

Australia 2009

Admirals

Australia 2001

Tickmill

Germany 2014

FXCM

Australia 1999

Saxo Bank

Australia 1992

HYCM

Cayman Islands 1977

Pepperstone

Australia 2010

FP Markets

Australia 2005

Windsor Brokers

Netherlands 1998

Xtrade

Australia 2010

easyMarkets

Australia 2001

GOMarkets

Australia 2008

Orbex

France 2009

LiteFinance

Cyprus 2005

FIBOGroup

Cyprus 1998

Libertex

Cyprus 1997

FXPRIMUS

Cyprus 2009

ForexMart

Cyprus 2014

LiteForex

Cyprus 2005

iFOREX

Cyprus 1996

M4Markets

Cyprus 2019

Markets.com
Netherlands 2006

Lirunex
Cyprus 2016

JustMarkets
Cyprus 2012

Blackwell Global
Cyprus 2010

IFC Markets
Cyprus 2006

GBE brokers
Cyprus 2013

Traders Trust
Cyprus 2009

Trade360
Germany 2013

XGLOBAL Markets
Germany 2012

Fondex
Cyprus 2010

FXGlobe
Germany 2008

FxGrow
Germany 2008

Credit Financier Invest
Germany 1998

AAATrade
Germany 2013

JFD Bank
Germany 2011

Tradeo
Cyprus 2012

Fortrade
Australia 2013

TFI Markets
Cyprus 1999

FxNet
Cyprus 2012

Swiss Markets
Cyprus 2016

Alvexo
Netherlands 2014

TradeFW
Cyprus 2018

LegacyFx
Germany 2017

Just2Trade
Cyprus 2015

Purple Trading
Cyprus 2015

eXcentral
Cyprus 2019

AMP Global
Germany 2018

EverFX
Cayman Islands 2015

Skilling
Cyprus 2016

streamsfx
Cyprus 2019

NAGA
Cyprus 2015

UFX
Germany 2009

TrioMarkets
Cyprus 2014

ATFX
France 2015

SquaredFinancial
Cyprus 2017

ROinvesting
Germany 2015

Forex24
Germany

ForexTB
Cyprus 2020

Investous
Cyprus 2018

FXGT
Cyprus 2019

Trading 212
Cyprus 2006

FXGM
Germany 2011

LMAX Global
Cyprus 2008

Eurotrader
Cyprus 2015

Axiance
Cayman Islands 2015

Milton Prime
Cyprus 2014

Capital.com
Australia 2017

Colmex Pro
Cyprus 2009

Alfa Capital Markets
Russia 2003

Royal
Australia 2008

OffersFX
Australia 2010

Equiti
Cyprus 2007

JFD Brokers
Germany 2011



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.



FAQ

What does CySEC regulated mean?

Being regulated by CySEC means operating under the standards of the Cyprus financial regulator. With the acceptance of Cyprus to the European Union in 2004, CySEC automatically becomes a subsidiary of MiFID, a European regulatory organization, enabling CySEC regulated brokerages to carry out their business activities in the European region.


What are the CySEC rules?

The Cypriot regulator requires its brokers to include the applicable regulatory numbers on the website and distributed promotional material. As a whole, SySEC regulated brokers must conform to the following rules:

  • Maintaining at least €750,000 in operating capital.
  • Keeping regular financial statements and submit them to the CySEC for review on a periodic basis.
  • Keeping traders’ capital in high-profile and tier-1 banks in Europe in segregated accounts
  • Adhering to all new rules and regulations enforced by the CySEC and the MiFID from time to time.
  • Protecting their traders from broker insolvency or bankruptcy by providing protection under the ICF (Investor Compensation Fund), which compensates clients up to €20,000.

What is the main purpose of CySEC?

The main focus of CySEC is to provide oversight to companies operating in Cyprus. Their responsibilities include:

  • Supervising and controlling the operation of the Cyprus Stock Exchange and the transactions carried out in the Stock Exchange, its listed companies, brokers and brokerage firms.
  • Supervising and controlling Licensed Investment Services Companies, Collective Investment funds, investment consultants, and mutual fund management companies.
  • Granting operation licences to investment firms, including investment consultants, brokerage firms and brokers.
  • Imposing administrative sanctions and disciplinary penalties to brokers, brokerage firms, investment consultants as well as to in any other legal or natural person whom fall under the provisions of the Stock Market legislation.

What are the powers of CySEC?

CySEC is known to have a loose 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, it is better for traders to contact the broker independently.

But in recent years, CySEC has implement changes to both the registration and regulation processes of all registered entities that include more transparency, tougher fines, broker suspensions, and license revoking.

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.