Forex Brokers in Cyprus
Cyprus Forex Brokers became very well known worldwide and indeed Cyprus is one of Europe’s largest financial and Forex trading hubs that shows its rapid growth with a number of significant comparison sites.
There are many reasons why the majority of European and international companies choose Cyprus as their base. Firstly, the low corporation rate within Europe, which attracts brokerage firms, then the location of the island and its membership in the EU, with the availability of large solid financial background. All that opportunities together open and an attractive possibility to offer trading services to citizens and residents of EEA, as well 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 financial activities).
Moreover, Cyprus extremely welcoming and strengthen investments and Forex industry by the governmental support through its established financial regulatory authority – CySEC (Cyprus Securities and Exchanges Commission). CySEC is very active by its inspections, application of regulatory terms but still, remain open to new opportunities and attractive trading conditions.
- The CySEC regulation gathers general operational standards, ensuring that the trading process runs according to safety measures on a regulated basis, improving transparency and enhancing money safety along with traders data security.
- Furthermore, compliance with MiFID standards creates competition between the service providers, which brings more choices and lower prices for investors and traders worldwide.
- The CySEC regulated companies and their clients are covered by the Investor Compensation Fund, which compensates up to 20,000€ in case of the broker’s insolvency.
Min. Deposit: 250 US$
Max. Leverage: 1:30
Trading Platforms: WebTrader, MT4
Regulation: CySEC, IFSC
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:300
Trading Platforms: Trade.com WebTrader , MT4
Regulation: CySEC, FSCA