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Top Cyprios Forex Brokers - CySEC regulated

Steven Hatzakis

Published by Steven Hatzakis


Wednesday, May 23rd, 2018

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Trading forex (currencies) internationally is popular among traders. Before any fx broker in Cyprus can accept forex and CFD traders as clients, they must become authorised by the Cyprus Securities and Exchange Commission (CySEC), which is the financial regulatory body in Cyprus. CySEC's website is cysec.gov.cy. We recommend Cypriot residents also follow CySEC on twitter, @CySEC_official.

CySEC was formed in 2001, and in 2004 the country became a member of the European Union (EU), which made CySEC part of MiFID regulation. For a historical breakdown, here's a link to the Cyprus Securities & Exchange Commission's webpage on Wikipedia.

Best Cyprus Forex Brokers List

To find the best forex broker regulated in Cyprus, we created a list of all CySEC authorised brokers, then ranked brokers by both trustworthiness, as well as their Overall ranking from the ForexBrokers.com 2018 Review. The result is our top forex brokers list for Cyprus.

CySEC Authorised (Cyprus)Average Spread EUR/USD - StandardMinimum Initial DepositTrust ScoreOverall
eToro Yes 3.00$20086 4 Stars
FxPro Yes 1.20$0.0083 4 Stars
Markets.com Yes 2.00$10083 3.5 Stars
Henyep Yes N/A$10077 3.5 Stars
TickMill Yes N/A$25.0074 3.5 Stars
easyMarkets Yes 1.80$100.0074 4 Stars
XM Yes 1.60$10-10071 3.5 Stars
Forex Club Yes N/A$10072 3.5 Stars
Admiral Markets Yes 1.2020072 4 Stars
ForexTime Yes 0.80$10070 3.5 Stars
UFX Yes 3.00$10070 3.5 Stars
iTrader Yes N/A$25067 3 Stars

How to Verify CySEC Authorisation

To identify if a forex broker is regulated as a Cypriot Investment Firm (CIF) by CySEC, the first step is to identify the register number from the disclosure text at the bottom of the broker's homepage. For example, here's the key disclosure text from FxPro's website,

FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07) .

Next, look up the firm on CySEC's website to validate the CIF register number is, in fact, legitimate. Here is the official CySEC page for FxPro.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.