List of Brokers with CySEC Regulation

CySEC stands for the Cyprus Securities and Exchange Commission. It is the regulatory authority responsible for overseeing the financial markets and financial services firms in Cyprus. CySEC's primary objective is to ensure the integrity, transparency, and stability of the financial markets in Cyprus and to protect investors.

With the acceptance of Cyprus to the European Union in 2004, CySEC automatically became a subsidiary of MiFID, a European regulatory organization. This enables CySEC-regulated brokerages to carry out their business activities in the European region.

As a financial regulator, CySEC's 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 licenses to investment firms, including investment consultants, brokerage firms, and brokers.
• Imposing administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants as well as any other legal or natural person who falls under the provisions of the Stock Market legislation.

There are CySEC-regulated forex broker brokers who offer their services throughout the world. Trading with a CySEC-regulated broker means affordable minimum deposits and a simple registration process.

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.

However, despite requiring Separate Accounts and regular financial reporting, CySEC-regulated forex brokers lack enforcement for rules violation. Brokers generally only need to pay a fine to remain regulated. While compensation schemes are managed under the ICF (Investor Compensation Fund), refunds are not directly handled by CySEC. If there is a loss or broker bankruptcy, traders are advised to contact the broker independently.

Apart from that, it is worth noting that CySEC has been improving some policies and adapting to ESMA rules to prevent high-leverage misuses and bonus frauds. As such, trading in a CySEC-regulated broker nowadays also means ensured negative balance protection, limited maximum leverage (up to only 1:30 ), and no welcome bonus offerings.

1. Go to the official main page of CySEC.
   
   
2. On the upper menu, choose "Regulated Entities" then "Investment Firms".
   
   
   
3. Write the name of your broker on the Search column. If your broker is a CySEC member, the result should appear immediately below.
   
   
   
4. You can click on the broker result to see more information on their CySEC registration.
   

When comparing CySEC (Cyprus Securities and Exchange Commission) to other regulatory authorities overseeing the financial industry and forex brokers, several aspects come into play. Here's a comparison of CySEC with some key aspects in mind compared to other regulators:

In summary, CySEC has taken steps to enhance its regulatory framework and improve its oversight of forex brokers and financial services providers. However, it may still be perceived as having lower regulatory standards compared to some other major regulators globally.

As a whole, CySEC-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 well-known 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.