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Top CySEC Regulated Forex Brokers

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
4.9/5
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.
Six MT4 plugins & VPS hosting for 24/5 low-latency Forex trading.
Quality education & research for beginners & CySEC-regulated subsidiary.
2
4.8/5
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.
12-plugin upgrade package for the MT4/MT5 trading platforms.
CySEC-regulated subsidiary & 24/7 multi-lingual customer support.
3
4.7/5
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.
Trade 1,000+ financial instruments
Experience low, competitive spreads
Your investment value may change. Capital is at risk.
4
4.4/5
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.
Best social trading platform on the market
Excellent choice of options for crypto traders

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • FP Markets, ECN trading with leverage up to 1:500.
  • Eightcap, Competitive pricing + excellent daily videos.
  • eToro, Best broker for social traders and crypto traders : 74% of retail CFD accounts lose money.

Best CySEC Brokers Comparison

Regulators
CMA, CySEC, FCA, FSC Mauritius, FSCAASIC, CySEC, FSCAASIC, CySEC, FCA, SCBASIC, CySEC, FCA, FSA
Year Established
2011200520092007
Execution Type(s)
ECN/STP, Market MakerECN/STPECN/STP, Market MakerMarket Maker
Minimum Deposit
$200
$100
$100
$50 - $10,000
Average Trading Cost EUR/USD
0.1 pips1.1 pips1.0 pips1.0 pips
Average Trading Cost GBP/USD
0.2 pips1.4 pips1.2 pips2.2 pips
Average Trading Cost Gold
$0.18 $0.21 $0.12 $0.45
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedMetaTrader 4, MetaTrader 5, Trading ViewProprietary platform
Islamic Account
Negative Balance Protection

FXTM

In Summary Best all-around broker with high floating leverage and fast execution

I rate FXTM among the best Forex brokers with a CySEC subsidiary for scalpers and algorithmic traders amid ultra-low trading fees and a liquid asset selection. For a €500 minimum deposit, traders get raw spreads from 0.0 pips or a commission of $0.80 and $4.00 per 1.0 round lot. The superb price improvement technology lowers trading fees by an average of $3.00 per lot, magnifying the FXTM cost advantage.

FXTM fully complies with ESMA rules and regulations and offers EU-resident traders an investor compensation fund covering up to €20,000 or 90% of deposits. Negative balance protection is also available.

Read more on FXTM »
4.9/5 in this category

Pros & Cons

  • 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
  • A highly regulated broker with a tier-1 license
  • No cryptocurrencies and limited choice of commodities

FP Markets

In Summary ECN trading with leverage up to 1:500

FP Markets offers traders a competitive commission-based pricing environment featuring spreads from 0.0 pips for a commission of $6.00 per 1.0 round lot. The trustworthy trading environment includes a choice of fast local payment processors with a minimum deposit requirement of only €50. Therefore, I rank FP Markets among the most accessible Forex brokers with a CySEC operating subsidiary.

The well-balanced asset selection includes cryptocurrency and ETF CFDs, and FP Markets offers MAM/PAMM accounts to licensed asset managers. The user-friendly FP Markets mobile app is ideal for copy traders, who get six providers plus TradingView for social trading.

Read more on FP Markets »
4.8/5 in this category

Pros & Cons

  • 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
  • Availability of Iress geographically restricted

Eightcap

In Summary Competitive pricing + excellent daily videos

CySEC-regulated Forex brokers fall within the ESMA regulatory environment, which consists of less flexibility and more stringent regulation. It makes offering a competitive Forex trading environment more challenging, but Eightcap has emerged at the top of CySEC-regulated Forex brokers. While it fully complies with the rules and regulations outlined by CySEC, including limiting retail Forex leverage to 1:30 and no bonuses, promotions, or rebates for retail Forex traders, it ensures low trading costs in its commission-based raw spread account.

Traders get MT5, 200 liquid assets spanning Forex, commodities, indices, equities, deep liquidity, and the Euro as the account base currency.

Read more on Eightcap »
4.7/5 in this category

Pros & Cons

  • 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
  • Limited leverage in some areas

eToro

In Summary Best broker for social traders and crypto traders : 74% of retail CFD accounts lose money

eToro is one of the most well-known forex brokers in the world. This trustworthy broker was founded in 2007 and has since grown to over 17 million registered users, making it one of the largest trading platforms in the world. eToro offers new traders excellent educational content on their platform in order to guarantee that new traders can make educated decisions when it comes to trading stocks. The FCA in the United Kingdom, CySEC in Cyprus, ASIC in Australia, and the FSA in the Seychelles are the four regulators that regulate eToro. Users can trade over 49 currencies, 31 commodities, 93 cryptocurrencies, over 2000 equity CDFs, and much more using forex broker.

Read more on eToro »
4.4/5 in this category
Get Started
Your investment value may change. Capital is at risk.

Pros & Cons

  • Active investment community ideal for social trading
  • Dedicated tools for social trading
  • Broad cryptocurrency selection
  • Expanding educational offering for beginner traders
  • Internal withdrawal fees

Introduction to Forex Regulations

Regulators issuing licenses to brokers generally post information about the company on their website and maintain a database allowing traders to confirm the regulatory status. Most Forex brokers have a license, but not every license is equal. Traders must also weigh stricter regulation versus a trader-friendly environment, as most regulators fail to strike a balance.

Which regulators are the most reputable?

  • FCA (UK)
  • FMA (New Zealand)
  • ASIC (Australia)
  • MAS (Singapore)
  • CySEC (Cyprus)
  • CFTC (USA)

What is CySEC Regulation?

CySEC regulation refers to a broker operating with a license from CySEC (Cyprus Securities and Exchange Commission). As an EU member, the ESMA (European Securities and Markets Authority) is the super-regulator, and all CySEC-regulated brokers must comply with its rules and regulations.

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.

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

Obtaining a license from the CySEC is not easy. Keeping it is even more challenging, as the CySEC checks all licensed firms annually for compliance with the requirements. The CySEC also issues fines for certain violations, and, in some cases, the regulator may even revoke the license and shut down the company.

Here are some guidelines for obtaining a CySEC license:

  • Operational for at least three years.
  • An initial membership fee and an annual fee to support the activities of the regulator.
  • A high-quality trading platform with a certain number of registered trading accounts.
  • A mandatory presence of a representative office in Cyprus.

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.

You might also be interested in reviewing the below top brokers:

FAQs

What is CySEC regulation?

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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?

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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?

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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?

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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?

expand.png

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

Huzefa Hamid
About 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.