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Forex

Forex brokers in Cyprus

 

Cyprus offers a number of benefits to forex and binary options brokers. That is why so many of them are drawn to this small sunny island.

 

First of all, Cyprus is a jurisdiction with a solid financial services sector. Very much like the UK, Cyprus has strong regulations and more importantly strict customer protection rules.

 

Cypriot Investment Firms (CIFs) are required to report their transactions to the local financial watchdog, the Cyprus Securities and Exchange Commission (CySEC) on a regular basis. Besides, CIFs must hold at least €730 000 as a proof of their financial stability and keep client funds in segregated accounts, separated from company’s operational funds.

 

The Cypriot financial watchdog is on the alert, imposing fines on regulated companies, withdrawing licenses, where necessary, and regularly updating its warning list of non-licensed forex and binary options brokers.

 

Furthermore, CySEC applies a compensation scheme as an additional guarantee to clients’ funds. All licensed brokers are members of the Investor Compensation Fund, which may cover a maximum of 20,000 EUR per person in the event of broker insolvency.

 

Of course, speaking of the benefits of forex regulation is Cyprus, we also have to mention the European Union Membership. Under the MiFID regulations every CySEC-regulated investment company is entitled to offer its services to citizens of all EEA countries.

 



Forex

Forex brokers in Cyprus

Broker Country Regulation Platforms Min.deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
Cyprus CySec MT4, Web,
NetStation
$100 Review
Marshall Islands, Cyprus CySEC MT4, MT5 $10 Review
Cyprus CySEC Xtrader Pro $100 Review
Cyprus, UK CySEC, FCA eToro
WebTrader,
eToro OpenBook
$50 Review
UK, Cyprus, Australia, Estonia FCA, CySEC, ASIC, EFSA MT4, MT5, Web,
Mobile
$200 Review
Cyprus, UK FCA, CySEC MT4 $2000 Review
Cyprus CySec MT4, MT5,
Guidants
$500 Review
Cyprus CySEC MT4, MT5,
cTrader
$300 Review
Cyprus CySEC MT4, Web $25 Review
Cyprus CySEC MT4, xStation $250 Review
Cyprus CySEC MT4, Web $2000 Review
Cyprus CySEC MT4, xStation $250 Review
Cyprus CySEC Libertex $250 Review
Cyprus CySEC MT5, NetDania $1000 Review
Cyprus CySEC Sirix $100 Review
Cyprus CySEC MT4, Web $100 Review
Cyprus CySEC Web $100 Review
Cyprus CySEC MT4, PROfit $200 Review
Cyprus CySEC MT4 $250 Review
Cyprus CySEC MT4, Sirix web $100 Review
Cyprus CySEC MT5 $500 Review
Cyprus, Poland CySEC $50 Review
Cyprus CySEC MT4, MT5 $200 Review
Cyprus CySEC web $250 Review
Cyprus CySEC MT4 $100 Review
Cyprus CySEC MT4, Web,
xStation
$100 Review
Cyprus CySEC xStation $100 Review
Cyprus CySEC N/A Review
Cyprus CySEC MT4, Web $1000 Review
Cyprus CySEC Review
Cyprus CySEC MT5 Review
Cyprus CySEC MT4 N/A Review
Cyprus CySec MT4, NetStation $100 Review
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