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
ESMA
1:400 $1 Review
Pepperstone
Australia
2010
ASIC, 414530
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
FSA (Labuan) MB / 20/004
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
FSC (BVI) 15.20.2020
1:400 $100 Review
ETX Capital
Cyprus
1965
CySEC, 096/08
FCA (UK), 124721
FSCA (South Africa), 50246
1:400 $100 Review
Windsor Brokers
China
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
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
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
FSC (Mauritius), 176967
FSCA (South Africa), 51024
The Financial Commission 22.07.2021
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
ESMA
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
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
IC Markets
Australia
2007
ASIC, ACN 123 289 109
CySEC, 362/18
Securities Commission of The Bahamas SIA-F214
1:500 $200 Review
Axiory
Belize
2011
CySEC, 271/15
IFSC (Belize), 000122/15
1:777 $10 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
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
FSCA (South Africa), 48296
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
ESMA
1:500 $250 Review
BDSwiss
Cyprus
2012
BaFin, HRB 160749B
CFTC/NFA 0486419
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
ESMA
1:300 $100 Review
Blackwell Global
Bahamas
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
Bermuda
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
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
GOMarkets
Australia
2008
ASIC, ACN081864039
CySEC, 322/17
DMCC (Dubai) 18.07.2020
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
ESMA
1:50 $100 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
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
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
ESMA
1:30 $200 Review
Alfa Capital
Cyprus
2003
Bank of Russia 1167746614947
CySEC, 387/20
1:100 $1 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
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
Admirals
Argentina
2001
ASIC, 28381
CySEC, 201/13
FCA (UK), 595450
FSA (Estonia), 10932555
FSA (Seychelles), 8426894-1
Jordan Securities Commission 57026
1:500 $100 Review
LMAX Global
United Kingdom
2008
CySEC, 310/16
FCA (UK), 509778
1:30 $10000 Review
Eurotrader
Marshall Islands
2015
CySEC, 279/15
FINMA CHE-100.635.032
FSCA (South Africa), 44351
1:500 $50 Review
Axiance
Cyprus
2015
Cayman Islands Monetary Authority, 1444866
CNMV (Spain), 4256
CySEC, 301/16
FSA (Seychelles), SD036
FSC (Mauritius), GB20025770
ESMA
1:500 $250 Review
Milton Prime
Cyprus
2014
CySEC, 325316
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


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.



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