CySEC Regulated Forex Brokers

CySEC brokers
For a forex broker to qualify to operate in certain regions, they must obtain licenses from government bodies regulating the industry in which they operate. For traders in Cyprus and the Mediterranean region, Cyprus Security and Exchange Commission is the body responsible for regulating forex trading activities. Brokers with their licenses are classified as CySEC regulated forex brokers.

Beyond obtaining access to the industry, having a brokerage license also serves as a reputation booster since traders will feel more comfortable trading with the broker. In this article, we review some of the best CySEC regulated brokers online.

 

Best CySEC Regulated Forex Brokers

Broker
Rating
Regulated
Min. Deposit
Demo
Max. Leverage
1.
easyMarkets

CySec, ASIC, BVI

Min $100 Deposit

1:30

Review » Visit » Visit
Terms & conditions apply
Your capital is at risk.
2.
FXCC

CySEC, FCA

Min $100 Deposit

1:500

Review » Visit » Visit
Terms & conditions apply
Your capital is at risk.
3.
HYCM

CySEC, FCA, CIMA, FSC, DFSA

Min $100 Deposit

500:1

4.
LegacyFX

CySEC, VFSC, NBRB, FCA

Min $250 Deposit

1:200

Review » Visit » Visit
Terms & conditions apply
Your capital is at risk.
5.
Plus500

ASIC, FMA, FCSA, FCA, CySEC, MAS, FSA

$100

1:30

6.
Forex.com

FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC

$100

50:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
7.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
8.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
9.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
10.
XM Broker

ASIC, IFSC, DFSA, CySEC

Min $5 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top CySEC Regulated Brokers Reviewed

BDSwiss

BDSwiss Logo
BDSwiss is a brokerage that was established in 2012. This broker offers traders multiple trading accounts for them to trade forex online. Currently, this broker is regulated by CySEC and the Mauritius Financial Services Commission.

Traders on BDSwiss can trade more than +250 CFD instruments, some of which include Indices, Cryptocurrencies, Forex, and lots more. BDSWiss offers three types of accounts, namely VIP, Classic, and Raw, on platforms like MT4 and MT5. This broker also has independent platforms like BDSwiss Mobile App and BDSwiss Web Trader.

You also have access to educational materials like webinars, seminars, and advanced trading courses.

What we like
  • Regulated by multiple regulators
  • Commission Free trading
  • Raw spreads available
What we do not like
  • You need a higher deposit amount to trade the best spreads

IC Markets

IC Markets LogoIC Markets was founded in 2007 in Sydney, Australia. This broker is a CySEC regulated broker and is also regulated by ASIC, FSA, and many other regulatory bodies. April 2019 was one of the biggest for IC because, in that month alone, roughly about $646 billion worth of assets were traded on the platform.

IC Markets offers brokerage services and accounts designed for traders at different expert levels. They have accounts for beginners and expert traders. This broker promotes itself as the first choice for those who like to trade in high volumes. With more than 500,000 traders executed per day on the platform, IC Markets remains one of the best CySEC regulated brokers online.

What we like
  • Different trading platforms available, including MT4 and MT5
  • Wide range of tradable assets
  • Responsive Customer Service
  • Large educational library
What we do not like
  • It may be too complex for beginners
IC Markets Logo

Min $200 Deposit

Regulated By: FSA, ASIC, CySEC

Foundation Year: 2007

Headquarters: Sydney, Australia


Terms & conditions apply
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FP Markets

FP Markets Logo
FP Markets was established in 2005 and is one of the most regulated brokerages in the world. This broker is regulated by CySEC and ASIC of Australia. They offer segregated client funds with top-tier liquidity. Being a part of First Prudential Markets Ltd, another arm recognized by CySEC, FP Markets has grown bigger over the last few years.

Their globally recognized MT4 and MT5 are available on the web, mobile, and desktop platforms, while their advanced Iress trader platform is a favorite of many pro traders. They also offer a wide range of trading tools, some of which are Forex Calculators, MMM/PAMMM trading accounts, MT4 Trader Toolbox loaded with so many indicators and access gear like their ultra-modern AutoCharist.

If you like to trade on platforms with innovative features, FP Markets should be your go-to platform.

What we like
  • ASIC regulated
  • DMA and ECN trading is available
  • More than 10,000 tradable instruments are available
  • Excellent customer support
What we do not like
  • Not the best for scalping trades
  • Too many trading account types with similar features
Fpmarkets Logo

Min $100 Deposit

Regulated By: ASIC, CySEC

Foundation Year: 2005

Headquarters: Sydney (Australia)


Terms & conditions apply
70.70% of retail CFD accounts lose money

FXTM

FXTM Logo
FXTM is another highly rated CySEC regulated forex broker to make our list. Also known as ForexTime in full, this platform is solely focused on foreign exchange buying and selling. There are as many as 50 currency pairs that you can trade on FXTM. There are minor, major, and exotic pairs available to traders. As for the leverage, the maximum ratio is 1000:1.

FXTM also offers competitive spreads for 24 hours trading and is open for five days during a trading week. Operating from Cyprus, FXTM has been able to build a client list from across the globe, and the platform continues to expand. Besides CySEC, it is predominantly regulated by a host of EU regulators like the International Financial Services Commission (IIFSC). If you are looking for a forex-centric brokerage, FXTM is an ideal choice.

What we like
  • More than 250 instruments available across global markets
  • Supports MT4 and MT5 platforms
  • One of the best platforms for Forex Trading
  • The trading tools are easy to use
What we do not like
  • The maximum order size is low
  • It is not compatible with MAC desktop
FXTM Logo

Min $10 Deposit

Regulated By: FSCA, FSC, CySEC, FCA

Foundation Year: 2011

Headquarters: Cyprus


Terms & conditions apply
77% of retail CFD accounts lose money

Exness

Exness Logo
Founded in 2008, this CySEC regulated forex broker has been able to carve a niche for itself in the world of online trading and is still going strong. This entity is a joint venture between Nymstar LTD and Vlerizo LTD. The brand is registered in Seychelles and is also regulated by the Financial Sector Conduct Authority of South Africa.

On Exness, you can trade more than 200 CFD instruments like Energies, Forex. Indices, Stocks, Cryptocurrencies, and Metals. Traders are also free to choose between MT4 and MT5. Or better still, they can use their proprietary trading platform called WebTrader. Exness platforms are available in MAC, Windows, and Web formats.

What we like
  • Limitless Leverage
  • Several CFD options
  • Multiple trading platforms are available
  • Free deposit withdrawals
What we do not like
  • Limited to only certain regions
Exness Logo

Min $10 Deposit

Regulated By: FCA, CySEC, FSCA, FSA(SC)

Foundation Year: 2008

Headquarters: Cyprus


Terms & conditions apply
General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs.

CySEC Regulated Brokers FAQs

Who is a CySEC regulated forex broker?

A CySEC broker is an online broker who operates using a CySEC issues license.

What does CySEC do?

CySEC is Cyprus Securities and Exchange Commission. This body is responsible for regulating online forex trading in Cyprus, but their license is recognized globally. They ensure that brokers operating within their jurisdiction play by the rules.

Are CySEC brokers safe?

Yes, they are. A CySEC broker has a secure platform, and they operate based on stringent rules laid down by CySEC.

Is there a standard minimum deposit amount I must have to trade?

No. All brokers have different minimum deposit requirements. Some brokers allow $50 deposits, while some can be as high as $1000.

Which broker is the best?

No single CySEC regulated forex broker can claim to be the best because there are quite a few good ones. So you need to do your research well and pick one that offers the features you are looking for.

Other Forex Regulators


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ASIC


FCA

FCA

About James Johnson
About James Johnson

Expert in Economics, Trading, Investments and Personal Finance. Graduated in 2001 in Business Economics and Management at Harvard University. After several years of working in the foreign exchange trading industry, I co-founded Forex Online Brokers in 2015 with the aim of distributing my personal knowledge and professional experiences in the field of trading and investments in general.