4 Best CySEC Regulated Brokers in [year]

Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Forex trading is gaining more traders around the world. A key criterion for traders is a broker's license, such as the Cyprus Securities and Exchange Commission (CySEC), as it is a global & reputable regulator. Read more to find out how to qualify for this license & its benefits.

1
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best all around broker
High floating leverage + fast execution
2
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
ECN-style trading
Daily market research and Autochartist access
3
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
4
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Solid broker for scalping and hedging
Institutional-style trading opportunities for retail traders
5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Most extensive crypto derivatives offering. Choice of 250+ Crypto CFDs
Multiple funding and swift withdrawal options
Ultra-low spreads across all Crypto derivatives

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • FP Markets, ECN trading with leverage up to 1:500..
  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • BlackBull Markets, Best ECN trading environment, with scalping and hedging.
  • Eightcap, Competitive pricing + excellent daily videos.

FXTM

5.0/5 in this category
In Summary
Best all-around broker with high floating leverage and fast execution

FXTM which is more commonly known as ForexTime is a popular forex trading company that is based in the United Kingdom as well as Mauritius and Cyprus. With the functionality of FXTM, users can buy and sell currencies, oil, precious metals like silver and gold, and other assets. This gives traders of all levels the opportunity to make money and the potential chance of becoming world class traders. The company is regulated in South Africa, Cyprus, Mauritius, and the United Kingdom. With being licensed in the United Kingdom, FXTM of course possessed a license by the coveted Financial Conduct Authority.

Pros
  • Excellent commission-based Forex pricing environment and transparency

  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app

  • Quality market research and educational content for beginner traders

  • Proprietary copy trading platform, low minimum deposit, and high leverage

Cons
  • Limited choice of cryptocurrencies and commodities

FP Markets

5.0/5 in this category
In Summary
ECN trading with leverage up to 1:500.

FP Markets has been operating in the financial services and forex brokering industry for 16 years and in this time, they have created a name for themselves with a long list of awards, regulatory certificates, and of course a heft asset selection. Whether you are new to the trading game or you are an experienced trader, FP Traders will give you the options and functionality you have been looking for. This trusted forex broker is regulated in Australia by the Australian Securities and Investments Commission and in Cyprus by the Cyprus Securities and Exchange Commission giving you the assurance that they are overseen by a reputable regulator.

Pros
  • Choice of trading platforms and auxiliary trading tools

  • Very competitive cost structure and excellent asset selection

  • Low minimum deposit requirement and leverage of up to 1:500

  • Well-regulated and trustworthy

Cons
  • Availability of Iress geographically restricted

AvaTrade

4.5/5 in this category
In Summary
Highly regulated, choice of fixed or floating spreads

AvaTrade is one of the largest Forex / CFD brokers and well-known for offering their clients a choice of fixed or floating spreads. They have a very high and strong level of regulation. AvaTrade is directly regulated in Ireland (and by extension, the European Union), Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava offers maximum leverage on Forex currency pairs as high as 400 to 1. AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. 2 bonds and 6 ETFs are also on the menu.

Pros
  • High-quality educational offering via SharpTrader

  • Excellent choice of trading platforms catering to various trading needs

  • Broad asset selection and cross-asset diversification opportunities

  • Well-regulated and trusted broker with oversight from a central bank

Cons
  • Trading costs competitive but nothing special

BlackBull Markets

4.5/5 in this category
In Summary
Best ECN trading environment, with scalping and hedging

BlackBull Markets was founded in 2014 in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. They are regulated in New Zealand by the Financial Services Providers Register (FSPR) and offer a maximum leverage on some Forex currency pairs as high as 500 to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia. BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.

BlackBull Markets Pros & Cons

Pros
  • ECN/NDD execution model with deep liquidity

  • Institution-grade pricing for retail traders via proprietary price aggregation

  • ZuluTrade and Myfxbook for social trading

  • Leverage of up to 1:500

Cons
  •  Limited deposit options

Eightcap

4.5/5 in this category
In Summary
Competitive pricing + excellent daily videos

Unique Features

Headquarters

Australia

Regulation

ASIC, FSC Mauritius

Year Founded

2009

Type of Broker

35,38

Minimum Deposit

$100

Maximum Leverage

1:500

Type of Platform

MetaTrader 4, MetaTrader 5

Eightcap Pros & Cons

Pros
  • Low minimum deposit and high leverage of up to 1:500

  • Competitive cost structure

  • Excellent technology infrastructure and seasoned management team

  • Daily research and quality educational content

Cons
  • Limited leverage in some areas

CySEC-Regulated Forex Brokers

All Forex companies in Cyprus are under the regulation of CySEC. Companies with this license are in high demand among traders. Let's review the Forex platforms that have gained the highest popularity in the market.

Introduction to Forex Regulations

The activities of all financial intermediaries, which include Forex brokers and dealing centers, are subject to mandatory certification. When issuing a license, regulating authorities usually post information about the company to which the license was issued on their official website. This allows you to easily and quickly check whether a Forex broker's license is valid. Almost all brokers today have licenses today, but not all licenses are equal,

Each country has a governmental regulatory agency that oversees operations in the Forex and financial markets. These agencies function as controlling bodies to ensure that all participants of the Forex trading comply with local rules.

Today, there is a very large number of different regulatory bodies and sometimes the difference in their reliability is significant. Which regulators are the most reputable?

  • CySEC - Cyprus Securities and Exchange Commission (Cyprus)
  • FINRA - Financial Industry Regulatory Authority (USA)
  • NFA - National Futures Association (USA)
  • SIPC - Securities Investor Protection Corporation (USA)
  • ASIC - Australian Securities and Investments Commission (Australia)
  • FSC - Financial Services Commission (Mauritius)

What is CySEC Regulation? (H2)

CySEC is the Cyprus Securities and Exchange Commission. This state regulator issues licenses for investment and brokerage companies and controls their activities. Therefore, Cyprus-based brokers must have a CySEC certificate.

Since Cyprus is a member of the European Union, the CySEC regulator operates in accordance with EU legislation. This means that its requirements are very strict, which makes it difficult for many companies to go through the licensing procedure.

Moreover, European law demands that all CySEC activities be strictly regulated in terms of fulfilling its obligations.

A CySEC license aims to provide the following confirmation that:

  • the broker operates legally;
  • the broker's activities are strictly regulated by European legislation;
  • the broker's financial activities are transparent;
  • the broker provides high-quality services and trading conditions.

CySEC's Responsibilities

This regulator is an extremely popular one in the professional environment. It combines the benefits of offshore registration with strict financial controls in line with EU standards.

CySEC was created with the aim to oversee the financial and investment sectors. Its functions include:

  • licensing of companies involved in investment;
  • control over the activities of brokerage and dealing companies;
  • taking action to regulate and control the activities of the Cyprus stock exchange;
  • supervision of issuers of securities;
  • analysis of the activities of investment consultants and portfolio managers;
  • taking actions to collect information about companies, subject to CySEC regulation;
  • inspection actions in relation to companies operating on the stock exchange.

The regulator has a great amount of influence and rights. It can make a request to law inforcement regarding a particular company, to impose a restriction or completely terminate the activities of the company, to interfere with management or to request the freezing of accounts.

Among the extremely important advantages of the regulator is the amount of insurance coverage, reaching 22,000 euros for each client.

How CySEC Regulation Protects You

The presence of a CySEC license provides the following advantages to traders:

  • Protection against illegal actions of the broker. Constant control and regular license renewal minimize illegal and fraudulent actions of the broker.
  • You can be sure the broker is a reliable partner for trading, which reduces your risks and increases chances for profitable trading. Only the most progressive brokers with high-quality services receive the certificate.
  • A safety guarantee for your funds in the event of a brokerage firm going bankrupt. Companies with CySEC certificates participate in the regulator's compensation fund, which means that in the event of bankruptcy, funds will be returned to traders by CySEC.

You can officially file a complaint against a broker who has a valid CySEC license. The procedure is as follows:

  • Make sure that the broker really has a valid license by finding it on the regulator's website.
  • Go to the appropriate section on the regulator's website and fill out the form at (https://www.cysec.gov.cy/en-GB/complaints/);
  • Send a copy of the complaint to the Cyprus Financial Ombudsman.

Guidelines for CySEC-Regulated Brokers

Many brokers are seeking licensure by this European regulator. But it is not so easy to get a CySEC license.

The main difficulty is that this regulator makes strict demands on its applicants and it is a real challenge to meet them all. To begin with, a potential applicant must operate in the market for at least three years.

The applicant also must be able to pay an initial membership fee and an annual fee to support the activities of the regulator. As for technical support, the applicant must have a high-quality trading platform, a certain number of registered trading accounts and be able to provide its customers with everything necessary for comfortable work.

Perhaps the most important requirement of CySEC is the mandatory presence of a representative office in Cyprus. If the broker, for some reason, does not want or cannot register a physical office in Cyprus, then licensure by the Cyprus regulator will be declined.

Every year, all licensed firms are checked for compliance with the requirements, and the regulator issues fines for certain violations. Note that the amount of fines is quite large. For a minor violation, the regulatory body may fine the violator 1000 euros. In some cases, the regulator may even revoke the license and shut down the company.

Verifying the Authenticity of CySEC-Regulated Forex Brokers

Often, licensure can become an additional advertising tool for a broker that focuses on online trading. This information is usually indicated on the website with the certificate number and date of issue. It is advisable to additionally confirm this data on the official website of the regulator.

To check the license of any financial institution that claims to be CySEC-regulated, just go to this page, where you can search by license number. Do not be surprised if under the number indicated on the broker's website you find an unknown company name.

The regulator shows the legal name of the company and not the broker's trading name. You can find out the legal name of the broker in the support service or on the broker's official website.

Methodology

We create our articles and brokers’ reviews using a strong team of expert traders with extensive experience in trading on many reputable Forex platforms. Many reviews on the Internet contain misleading information about brokerage companies.

We invest our personal involvement in verifying all trading conditions to avoid publishing false information on our website. We focus on honest, objective, and consistent broker information. In our materials, we recommend only reputable brokers who actually provide licensed services.

FAQs

What is CySEC regulation?

CySEC is the Cyprus Securities and Exchange Commission. This state regulator issues licenses for investment and brokerage companies and controls their activities. Therefore, Cyprus-based brokers must have a CySEC license.

Are CySEC-regulated brokers safe?

A CySEC license gives many advantages to a brokerage company and its clients. It also confirms that the broker operates legally. Every year, all licensed firms are checked for compliance with the requirements, and in the case of certain violations, are fined.

What is the best CySEC regulated broker?

There are many brokers that provide excellent trading conditions. You can read reviews, client feedback and test a demo account on several brokerage platforms to decide which one suits you best. You should also analyze the minimum deposit amount. For beginners, it is advisable to start with the smallest investments.

How do I make a complaint to CySEC?

You can officially file a complaint against a broker with a valid CySEC license. The procedure is as follows:

  • Make sure that the broker really has a valid license by finding it on the regulator's website;
  • Go to the appropriate section on the regulator's website and fill out the form (https://www.cysec.gov.cy/en-GB/complaints/);
  • Send a copy of the complaint to the Cyprus Financial Ombudsman Service.

How do I know if a broker is regulated by CySEC?

This information can be found on the official site of the regulator.

Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for DailyForex.com. I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.