Best Forex Brokers in Cyprus for 2025

Company	Accepts CY Residents	Regulated by CySEC	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
IG	check	check		£250.00	0.98 info

IG is my pick for the best forex broker in Cyprus in 2025. Founded back in 1974, IG is publicly traded on the London Stock Exchange (LSE: IGG) and regulated in eleven top-tier jurisdictions. IG earned our Annual Award for #1 Overall Broker in 2025, and for good reason.

For Cypriot traders, IG’s European operations are regulated under IG Europe GmbH, which is authorized and supervised by the Federal Financial Supervisory Authority (BaFin) in Germany and passported into Cyprus under MiFID II. This ensures that traders in Cyprus benefit from investor protections and a stable regulatory environment.

Platform: What sets IG apart is its industry-leading platform suite, which includes its proprietary web platform, the IG Trading app, and full MetaTrader 4 integration. IG also supports algorithmic trading via ProRealTime and APIs, making it a versatile choice, whether you prefer hands-on trading or automated strategies. As a long-time tester of IG’s products, I can say the broker shines in just about every category, from pricing and execution quality to education and research.

Pricing: IG does have a slightly higher minimum deposit compared to some brokers, and its product range in Cyprus may vary slightly from the U.K. offering, but overall, it offers value for advanced and professional traders.

Company	Accepts CY Residents	Regulated by CySEC	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
FOREX.com	check	check		$100	1.4 info

FOREX.com remains one of my top picks in Cyprus, especially for traders who value comprehensive education. Founded in 1999, FOREX.com is part of the publicly traded StoneX Group (NASDAQ: SNEX) and is regulated across seven Tier-1 jurisdictions. Its European services are passported through GAIN Global Markets Inc. and are available to Cypriot residents under MiFID II protections.

Platform: In recent years, FOREX.com has launched its Trading Academy. I’ve personally found the courses to be interactive and informative, complete with quizzes, progress tracking, and course segmentation by experience level.

FOREX.com supports both MetaTrader 4 and MetaTrader 5, in addition to its proprietary platforms. Additionally, you have the option for TradingView integration, giving you access to more charting functions, robust analysis tools, and engaging community features. For active traders, the broker’s RAW Spread account provides tight pricing and volume-based rebates, helping to reduce costs significantly.

Pricing: It’s worth noting that FOREX.com’s pricing, particularly on its Standard account, isn’t as competitive as some commission-based offerings, but its combination of tools, education, and platform flexibility makes it a well-rounded broker for Cyprus-based traders.

Company	Accepts CY Residents	Regulated by CySEC	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
XTB	check	check		$0 info	1.00 info

XTB is a trusted broker in Cyprus offering a solid, well-rounded trading experience. Founded in 2002 and publicly traded on the Warsaw Stock Exchange, XTB is regulated by top-tier financial authorities, including the UK’s FCA and Cyprus’ own CySEC, making it a strong choice for local traders looking for transparency and investor protection.

Platform: I’ve tested XTB’s platform suite, and their proprietary xStation 5 platform is one of the most intuitive in the industry. It blends speed, functionality, and clean design, perfect for both beginners and experienced traders. The broker does not support MetaTrader, which may deter some users, but for most traders, the xStation platform delivers everything needed: top-tier charting, sentiment analysis, and integrated trading education.

XTB also excels in client education. The broker runs a structured, tiered educational system, with beginner and intermediate courses, live webinars, and real-time market analysis, all available in English and accessible to traders in Cyprus.

Pricing: There’s no minimum deposit required, and spreads are competitive on the Standard account. Pro account holders can also access commission-based pricing. That flexibility, combined with its regulatory status under CySEC and strong trust score, makes XTB a balanced option for forex and CFD traders in Cyprus.

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.

Yes, forex trading is fully legal in Cyprus. The sector is tightly regulated by the Cyprus Securities and Exchange Commission (CySEC), which is known across the EU for maintaining strict standards on transparency and consumer protection. Any forex broker offering services to Cypriot residents must be licensed by CySEC or passported through another EU member state under MiFID II regulations.

Forex brokers operating in Cyprus are primarily regulated by CySEC (Cyprus Securities and Exchange Commission). CySEC is responsible for enforcing rules around capital requirements, segregation of client funds, and fair marketing practices. CySEC-regulated brokers are also subject to the European Securities and Markets Authority (ESMA), which provides additional regulatory oversight within the EU.

Yes, forex trading profits are subject to taxation in Cyprus. While Cyprus is known for having relatively low tax rates, all residents are required to report earnings, including capital gains from forex and CFD trading. Keep in mind that tax treatment may vary depending on whether you're trading as an individual or through a company. I recommend consulting with a local tax advisor to fully understand your obligations under Cyprus law.

To open a forex trading account in Cyprus, start by choosing a well-regulated broker that is either licensed by CySEC or passported into Cyprus via MiFID II. Once you’ve chosen a forex broker, you can follow this step-by-step guide to getting started with forex trading in Cyprus:

1. Complete the live account application process with your forex broker and read through the applicable terms and conditions.
2. Next, you’ll need to fund your new brokerage account. Choose your preferred deposit method, and make sure you are starting with an amount you can afford to risk.
3. Check out a demo (or, virtual trading) account to familiarize yourself with the broker’s trading platform. Get comfortable with the broker’s website and product offerings, and consume any available educational content.
4. Put together a trading plan. Even the best traders can lose money, but the key to long-term success lies in sticking to a trading plan that keeps your average losses low (relative to your average profits).
5. Now, you can enter the forex market. Choose your desired trade size, and open a long position by clicking buy on a given currency, or open a short position by clicking sell.

The best forex trading app for residents in Cyprus is IG's Trading app. Available on both iOS and Android, IG’s mobile platform mirrors the functionality of its web platform, offering a reliable experience for traders who prefer managing positions on the go. The app features real-time quotes, advanced charting, price alerts, integrated news, and full account management tools. You can execute trades in just a few taps, view detailed order tickets, and monitor your watchlists with ease.