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, all goes with the availability of a 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, historically Cyprus took a path to be open for international businesses and is extremely welcoming for Forex business, check more historical breakdown through Wikipedia.
In addition, to strengthen investments and Forex industry Cyprus established governmental support through its established financial regulatory authority – CySEC (Cyprus Securities and Exchanges Commission). Website: www.cysec.gov.cy , or read more about CySEC review article by the link.
CySEC before was a relatively new regulator, yet now sharpen its establishment controls over the firms and is very active by its inspections, application of regulatory terms but still remain open to new opportunities and attractive trading conditions. For this reason and the dynamic nature of the financial industry, we would advise you to follow official Twitter and stay alert with all the upcoming news @CySEC_official
Best Forex Brokers Cyprus
Cyprus being a popular destination for Forex trading will offer you a great number of trading firms that comply with its CySEC laws and are regulated, also according to ESMA European rules. To narrow your selecting below we list some of the best-regarded and those brokers that gain the highest Scores.
- BDSwiss – Best Overall Broker in UK 2020
- Plus500 – Lowest Spread Broker in UK 2020
- Alpari – Best MT4 Broker in UK 2020
- GO Markets – Best Broker for Beginners in UK 2020
- FBS– Best for Scalping and EA Trading 2020
Cyprus Forex Brokers List
These are the regulated brokers that accept clients from Cyprus:
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: ASIC, FCA, CySEC, EFSA
|Admiral Markets Review|
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