CySEC
Updated:
Forex brokers licensed and regulated by CySEC, Cyprus's financial regulator.
Brokers regulated by CySEC
EXNESSRead review- Low spreads
- Very fast trade execution
- Read review
BDSwissRead review- No standout advantages identified in this review.
FxviewRead review- Scalping-friendly trading conditions
- 100% deposit bonus available
AAATradeRead review- Competitive commissions
- Client funds held in Swiss banks
LCGRead review- No notable advantages are documented for this broker.
SkillingRead review- Affiliate program lets users earn by referring new traders
FXTMRead review- ECN accounts with tight spreads
- Broad range of forex pairs
FIBOGroupRead review- Cent accounts available
- Scalping permitted
Plus500Read review- Regulated by the FCA
- Also licensed by CySEC and ASIC
easyMarketsRead review- No notable advantages identified.
FP MarketsRead review- No standout advantages identified for this broker.
One RoyalRead review- No notable advantages have been identified.
Markets.comRead review- No specific advantages are documented for this broker.
IFC MarketsRead review- No advantages listed.
FXPrimusRead review- No standout advantages on record.
FinamRead review- User-friendly platform for trading stocks and futures
- Wide range of tradable instruments
FxProRead review- Withdrawals are processed quickly
- Deposits are insured
Traders TrustRead review- No standout advantages identified.
eToroRead review- Commission-free stock and ETF trading
- Social trading via CopyTrader and CopyPortfolios
BCSRead review- Very narrow spreads
- Wide choice of trading instruments, including stocks of Russian and foreign companies
EverFXRead review- No standout advantages were identified.
OrbexRead review- High liquidity from Tier 1 banks for reliable, fast trade execution.
SberbankRead review- Wide range of trading instruments, including stocks and indices, via eToro's platform
- Copy-trading tools let you mirror other traders' positions
OctaFXRead review- Regulated internationally by CySEC
- MT4 trading platform
LiteForexRead review- Regular trading contests with real cash prizes
- Low $1 minimum deposit
NAGARead review- Regulated broker with copy trading and access to real stocks.
- Copy trading is well executed, and customer support is responsive and reliable.
Squared FinancialRead review- No standout advantages are documented for this broker
FondexRead review- No specific advantages are documented for this broker.
ErranteRead review- No specific advantages are noted for this broker.
- Read review
ClickTradesRead review- No differentiating advantages are identified for ClickTrades.
Arum CapitalRead review- No documented advantages are available for this broker.
Your triomarketsRead review- Wide range of tradable instruments
- Fully regulated, pure STP broker
- Read review
101investingRead review- No standout advantages identified.
Trade360Read review- No significant advantages identified.
AlvexoRead review- No standout advantages identified for this broker.
FXGMRead review- Regulated by CySEC (Cyprus) and FSCA (South Africa)
- Loss protection on your first ten trades
BrokereoRead review- No standout advantages identified.
ETFinanceRead review- Regulated by CySEC (Cyprus Securities and Exchange Commission)
NTFXRead review- Regulated by CySEC.
- Standard, unremarkable trading terms.
XMRead review- No genuine advantages stand out — recent user reports flag XM as a scam operation.
What Is CySEC?
CySEC (Cyprus Securities and Exchange Commission) is Cyprus's financial regulator, established in 2001. It licenses and supervises Forex brokers operating out of Cyprus, an EU member state, applying the EU's Markets in Financial Instruments Directive (MiFID).
What CySEC Regulation Covers
- Licensing: granting operating licenses to Forex brokers.
- Supervision: monitoring licensed brokers for ongoing compliance.
- Enforcement: imposing sanctions and penalties for non-compliance.
- Investor protection: a compensation fund for eligible clients if a broker fails.
CySEC-licensed brokers must also meet MiFID compliance requirements, including capital adequacy and audit obligations, aimed at keeping client funds and trading conditions transparent.
Why CySEC Regulation Matters for Forex Traders
Because Cyprus is an EU member state, a CySEC license lets a broker offer its services across the European Economic Area under MiFID passporting rules. For a trader, it means the broker is subject to the licensing, supervision, and investor compensation fund described above — worth checking alongside any other regulatory licenses a broker holds before opening an account.