Forex Brokers in Cyprus

Cyprus is a leading financial and Forex trading hub worldwide. Being an EU member state and providing strong economic foundations, Cyprus also has an appealing low corporation tax rate – making it a natural choice for companies looking for solid business opportunities throughout Europe.

Forex Trading Platform in Cyprus

Forex trading is legal and regulated in Cyprus, choosing a trading platform that caters to your needs is essential hence is important to find a good reliable broker.

  • Cyprus-based brokers are eligible to provide their service all around the world, hence many brokers overseas have established entities in Cyprus.
  • Forex Brokers and Platforms offering their service in Cyprus must be authorized and regulated by CySEC. Read our CySEC article.
  • Cyprus residents are also able to open accounts under other international entities.
  • However, we highly recommend choosing only regulated brokers due to the high risk of forex trading.
Cyprus Trading ProsCyprus Trading Cons
Regulated by CySECNo higher leverage
Good Client Protection and Compensation Many offshore and unsafe Brokers attract Cyprus traders
Cyprus residents can register their accounts almost wiht any Broker overseasCyprus Brokers had Negative Reputation previously
Cyprus Brokers available for European Traders due to EEA zone
Low restriction on markets
Negative Balance Protrection

Cyprus Forex Regulations

As online trading has become increasingly commonplace, the Cypriot government moved swiftly to protect traders from potential volatility by setting regulations for Forex and CFD brokers. This decisive action ensured suitable conditions in which investors could confidently engage in these high-risk activities.

Forex Brokers must be properly registered and authorized by the Cyprus Securities and Exchange Commission (CySEC) before they can operate in Cyprus or accept Cyprus traders. This critical measure helps protect traders while ensuring that all brokers comply with strict standards of transparency and market integrity.

For further information check CySEC website:, also to keep yourself updated follow CySEC’s official Twitter @CySEC_official.

  • Cyprus brings an attractive possibility to offer trading services to citizens and residents of EEA, as well as worldwide, while the financial service firm should be regulated and established in full compliance with the guidelines of MiFID (a cornerstone of the European regulation of economic activities).
  • CySEC has earned a reputation for its business-friendly regulations, even though some of its operations have been deemed too risky by renowned authorities.
  • However, to ensure clients are protected, CySEC continuously updates its regulations to keep compliant forex brokers in line and guarantee an ethical trading environment.
  • CySEC was a relatively new regulator, yet now sharpens its establishment controls over the firms. It is very active in its inspections and application of regulatory terms but remains open to new opportunities and attractive trading conditions.
  • Moreover, historically Cyprus took a path to be open for international businesses and is extremely welcoming for Forex business, check more historical breakdowns through Wikipedia.

CySEC Review Webpage

Top 5 Best Forex Brokers Cyprus

Below you will find a listing of the review Best Forex Broker based in Cyprus or Brokers accepting clients from Cyprus. We put together the list according to the specified criteria and its Trust Scores so are highly recommended for trading by our Financial Experts:

  • HFM – Best Overall Broker in Cyprus 2024
  • BlackBull Markets – Best Lowest Spread Broker in Cyprus 2024
  • FP Markets – Best MT4 Broker in Cyprus 2024
  • Eightcap – Best for Beginners Broker in Cyprus 2024
  • BDSwiss – Best EA Trading Broker in Cyprus 2024

Why is Cyprus a Popular Forex?

Cyprus offers easier Brokerage opening conditions with relatively lower costs while being part of the EU and may accept European traders as clients, also there are good regulations and establishments making Cyprus an attractive Forex zone. For example, here you can see TriumphFX, a Cyprus-based brokerage firm.

Why are forex brokers based in Cyprus?

Cyprus’ advantageous tax system, European Union membership and MiFID compliance make it an ideal place for FX companies to launch their operations. Its attractive regulatory setup has made Cyprus highly sought-after in the industry.

Forex Brokers in Cyprus List

This is the list of Top Forex Brokers that operate in Cyprus or accept clients from Cyprus verified by us:

Broker Detail
Swissquote Review Swissquote
Min. Deposit: $1,000
Max. Leverage: 1:100 | 1:30
Trading Platforms: MT4, MT5, eTrader, Swiss DOTS
Swissquote Review
Dukascopy Review Dukascopy
Min. Deposit: $1,000
Max. Leverage: 1:30
Trading Platforms: JForex, MT4, Binary Trader
Dukascopy Review
Scope Markets
Min. Deposit: $50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: CySEC, IFSC
Scope Markets Review
InterTrader review InterTrader
Min. Deposit: $100
Max. Leverage: 1:30
Trading Platforms: MetaTrader 5, Mobile Trading
Regulation: FCA, GFSC
InterTrader Review
Skilling logo Skilling
Min. Deposit: US$100
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, cTrader, Skilling Trader
Regulation: CySEC, FSA
Skilling Review