CySEC Regulated Forex 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.
In This Guide
Best CySEC Regulated Forex Brokers
VFSC, CySEC
100% bonus
$100
500:1
ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA
up to 40% bonus
$100
400:1
ASIC, VFSC
N/A
$100
500:1
CySec, ASIC, BVI
up to 50% bonus
$100
400:1
ASIC, VFSC
$10 000 demo
$50
500:1
FCA, ASIC, CIMA, SIBL
up to 50% bonus
$100
500:1
VFSC, FSC, IBFC
N/A
$5
1000:1
FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC
up to $5000 bonus
$100
50:1
Top CySEC Regulated Brokers Reviewed
BDSwiss
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.
- Regulated by multiple regulators
- Commission Free trading
- Raw spreads available
- You need a higher deposit amount to trade the best spreads
IC Markets
IC 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.
- Different trading platforms available, including MT4 and MT5
- Wide range of tradable assets
- Responsive Customer Service
- Large educational library
- It may be too complex for beginners
Min $200 Deposit
Regulated By: FSA, ASIC, CySEC
Foundation Year: 2007
Headquarters: Sydney, Australia
FP Markets
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.
- ASIC regulated
- DMA and ECN trading is available
- More than 10,000 tradable instruments are available
- Excellent customer support
- Not the best for scalping trades
- Too many trading account types with similar features
Min $100 Deposit
Regulated By: ASIC, CySEC
Foundation Year: 2005
Headquarters: Sydney (Australia)
FXTM
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.
- 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
- The maximum order size is low
- It is not compatible with MAC desktop
Min $10 Deposit
Regulated By: FSCA, FSC, CySEC, FCA
Foundation Year: 2011
Headquarters: Cyprus
Exness
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.
- Limitless Leverage
- Several CFD options
- Multiple trading platforms are available
- Free deposit withdrawals
- Limited to only certain regions
Min $10 Deposit
Regulated By: FCA, CySEC, FSCA, FSA(SC)
Foundation Year: 2008
Headquarters: Cyprus
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
ASIC
FCA