CySEC Regulated Brokers

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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.
Trade 1,000+ financial instruments
Experience low, competitive spreads
Multiple funding and swift withdrawal 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.
MT4/MT5 trading platforms & free VPS hosting with reasonable minimum requirements.
Cashback rebates of up to $12 in the high-paying partnership program.
74% of retail CFD accounts lose money
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
Get Started
74% of retail CFD accounts lose money

  • 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.
  • FXGT, Great mix of Forex and crypto assets.
  • eToro, Best broker for social traders and crypto traders : 74% of retail CFD accounts lose money.

Best CySEC Brokers Comparison

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Regulators
CMA, CySEC, FCA, FSC Mauritius, FSCA ASIC, CySEC, FSCA ASIC, CySEC, FCA, SCB CySEC, FSA, FSCA ASIC, CySEC, FCA, FSA
Year Established
2011 2005 2009 2019 2007
Execution Type(s)
ECN/STP, Market Maker ECN/STP ECN/STP, Market Maker ECN/STP, Market Maker Market Maker
Minimum Deposit
$500 $100 $100 $5 $50 - $10,000
Average Trading Cost EUR/USD
0.1 pips 1.1 pips 1.0 pips 0.1 pips ($1.00) 1.0 pips
Average Trading Cost GBP/USD
0.2 pips 1.4 pips 1.2 pips 0.1 pips ($1.00) 2.2 pips
Average Trading Cost Gold
$0.18 $0.21 $0.12 $0.15 $0.45
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platform MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based MetaTrader 4, MetaTrader 5, Trading View MetaTrader 4, MetaTrader 5 Proprietary platform
Islamic Account
Negative Balance Protection
N/A
Visit Website Visit Website Visit Website Visit Website Visit Website

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

  • A highly regulated broker with a tier-1 license

Cons
  •  No cryptocurrencies and limited choice of 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

Eightcap

5.0/5 in this category
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.

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

FXGT

4.5/5 in this category
In Summary
Great mix of Forex and crypto assets

EU-based traders will deal with the FXGT subsidiary registered in Cyprus, authorized by the Cyprus Securities and Exchange Commission, compliant with the Markets in Financial Instruments Directive (MiFID II). The ESMA is the super-regulator for all EU brokers. Euro accounts exist, and the minimum deposit is only €5. Bitwallet and STICPAY are among the payment processors, ensuring fast and low-cost transactions.

Trading fees start from 0.5 pips or $5.00 per standard lot, and the swap-free allowance between three to six days decreases final costs. The balanced asset selection ensures cross-asset diversification opportunities, ranking FXGT among the best CySEC-regulated brokers.

Pros
  • Deposit bonuses and financial transactions in cryptocurrencies

  • Tier1 liquidity aggregation and low latency trade execution

  • Good cryptocurrency selection, including synthetic cryptocurrency pairs

  • Low minimum deposit and high leverage with negative balance protection

Cons
  • Clients resident in USA, EU, and UK not accepted.

eToro

4.5/5 in this category
74% of retail CFD accounts lose money
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.

Pros
  • Active investment community ideal for social trading

  • Dedicated tools for social trading

  • Broad cryptocurrency selection

  • Expanding educational offering for beginner traders

Cons
  • Internal withdrawal fees

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.

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.