CySEC Regulated Forex Brokers
Cyprus, which is an island in the Mediterranean and part of the EU became one of the main hubs of Forex Companies. The destination is popular due to the possibility to carry out operations across Europe through relatively easy establishment conditions, its perfect location and availability of Forex regulatory agency together with low Cyprus taxes.
Every Forex Broker and FInancial firm has to be Authorized by local Regulatory BBody CySEC, which is compliant to European MiFID and ESMA.
Check CySEC official website – www.cysec.gov.cy , and we recommend following the regulator on Twitter – @CySEC_official
🏦Regulator | Cyprus Securities and Exchange Commission (CySEC) |
📊Max. Leverage | 30:1 |
🔒Negative Balance Protection | Yes |
💰Compensation Scheme | No Compensation Scheme |
Cyprus Securities and Exchange Commission or CySEC regulates almost all of the Forex Companies in Cyprus.
- There is a significant number of companies operating various types of financial activities including Forex Brokers out of Cyprus and comply with CySEC regulations too.
- CySEC operates as a subsidiary of the European MiFID which enables members to perform European businesses, yet throughout relatively easy regulatory guidelines and faster approval processes. Read more via Wikipedia
- CySEC also is a broker-friendly authority that allows most of the financial practices that even showed cases indulged into some high-risk operations and resulted in criticism from the world respected authorities. However, the CySEC constantly reforms its guides in order to ensure that all CySEC Regulated Forex Brokers comply fully with the protective laws towards investors, their funds and interests. Here you can see TopFX broker.
Even though there are still many forex broker scams establishing their headquarters in Cyprus, CySEC makes its best to assist and not to fall into trouble throughout their official website, where all necessary information about the company or another is listed. It is always strongly advised to choose among regulated brokers, as this is the only possibility to be covered and receive assistance in case the Broker is unscrupulous one. Here you can see Xtrade a CySEC authorized broker.
Best CySEC Regulated Forex Brokers
This is the list of some Brokers with a good reputation and trading conditions operating under CySEC licenses:
CySEC Forex Brokers List
These are the regulated brokers that accept clients from Cyprus or hold CySEC licesnses:
Broker | Detail | |
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Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: FSC, FSA |
1
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Min. Deposit: 50 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA |
2
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Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5 Regulation: ASIC, CySEC |
3
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Min. Deposit: 200 US$ Max. Leverage: 1:30 to 1:400 Trading Platforms: MT4, MT5, cTrader, TradingView Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN |
4
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Min. Deposit: 5 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA, FSA |
5
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Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: FSC, FSC |
Axiory Review |
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Min. Deposit: 1 USD Max. Leverage: 1:30 Trading Platforms: MT4, MT5, FBS trader, CopyTrade Regulation: CySEC, FSC, FSCA, ASIC |
FBS Review |
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Min. Deposit: No minimum deposit Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, VFSC |
FXCC Review |
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Min. Deposit: 500 US$ Max. Leverage: 1:30 | 1:200 Trading Platforms: MT5 Regulation: CySEC, FCA, BaFin, VFSC, NBRB |
LegacyFX Review |
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Min. Deposit: 0 $ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, WebTrader, MobileTrader Regulation: CySEC, FSC BVI |
InstaForex Review |