Cyprus Securities & Exchange Commission logo

CySEC

Cyprus Securities & Exchange Commission

Cyprus · EU

Tier 2 - strong

What the CySEC does

CySEC licences passport across the EU under MiFID II, which is why so many global brokers hold one. Protections follow ESMA rules, though supervision is generally seen as lighter-touch than the FCA.

Protections for traders

  • MiFID II conduct and best-execution rules
  • Investor Compensation Fund up to €20,000
  • Leverage capped at 1:30 for major FX pairs
  • Negative balance protection for retail clients
  • Segregated client accounts with EU credit institutions

Best CySEC-regulated brokers

Ranked by BrokaBoy score, with ties listed alphabetically.

HFM logo

HFM

9.7/10· Trustpilot 4.3 (2,948 reviews)

Multi-regulated broker formerly trading as HotForex

Min Dep
$0
Spread
0.0 pips
Leverage
1:2000 (entity dependent)

Affiliate link - see our Methodology

Pepperstone logo

Pepperstone

Featured
9.2/10· Trustpilot 4.2 (3,580 reviews)

Award-winning execution speed

Min Dep
$10
Spread
0.0 pips
Leverage
1:400

Affiliate link - see our Methodology

Exness logo

Exness

9.0/10· Trustpilot 4.7 (31,240 reviews)

High-volume retail broker with instant withdrawals and tight majors

Min Dep
$10
Spread
0.0 pips
Leverage
1:2000

Affiliate link - see our Methodology

Admirals logo

Admirals

8.9/10· Trustpilot 4.1 (2,165 reviews)

Admiral Markets, an EU-supervised broker with an investing arm

Min Dep
$100
Spread
0.0 pips
Leverage
Up to 1:500 (entity dependent)

Affiliate link - see our Methodology

ThinkMarkets logo

ThinkMarkets

8.9/10· Trustpilot 3.4 (520 reviews)

Multi-regulated broker with its own ThinkTrader platform

Min Dep
$0
Spread
0.0 pips
Leverage
Up to 1:500 (entity dependent)

Affiliate link - see our Methodology

Capital.com logo

Capital.com

8.6/10· Trustpilot 4.6 (15,090 reviews)

AI-assisted CFD platform with wide market coverage

Min Dep
$10
Spread
0.6 pips
Leverage
1:30 (entity dependent)

Affiliate link - see our Methodology

Eightcap logo

Eightcap

8.6/10· Trustpilot 4.1 (3,898 reviews)

Raw-spread broker with strong crypto CFD range

Min Dep
$100
Spread
0.0 pips
Leverage
1:500

Affiliate link - see our Methodology

FP Markets logo

FP Markets

Featured
8.6/10· Trustpilot 4.8 (10,285 reviews)

ECN pricing with 10,000+ instruments

Min Dep
$100
Spread
0.0 pips
Leverage
1:500

Affiliate link - see our Methodology

FxPro logo

FxPro

8.3/10· Trustpilot 2.5 (751 reviews)

No-dealing-desk since 2006

Min Dep
$100
Spread
0.3
Leverage
1:500

Affiliate link - see our Methodology

GO Markets logo

GO Markets

8.3/10· Trustpilot 4.2 (748 reviews)

Long-standing Australian forex specialist

Min Dep
$200
Spread
0.0 pips
Leverage
1:500 (entity dependent)

Affiliate link - see our Methodology

FXTM logo

FXTM

8.2/10· Trustpilot 2.5 (1,106 reviews)

ForexTime, an education-heavy broker with strong emerging-market reach

Min Dep
$100
Spread
0.0 pips
Leverage
Up to 1:5000 (entity dependent)

Affiliate link - see our Methodology

IC Markets logo

IC Markets

Featured
8.1/10· Trustpilot 4.8 (56,055 reviews)

Raw spreads for serious traders

Min Dep
$200
Spread
0.0 pips
Leverage
Up to 1:5000 (entity dependent)

Affiliate link - see our Methodology

XTB logo

XTB

Featured
8.1/10· Trustpilot 3.6 (2,819 reviews)

Trusted since 2002

Min Dep
$0
Spread
0.5 pips
Leverage
1:500

Affiliate link - see our Methodology

Tickmill logo

Tickmill

8.0/10· Trustpilot 2.8 (1,144 reviews)

Low commissions, no gimmicks

Min Dep
$100
Spread
0.0 pips
Leverage
1:1000 (entity dependent)

Affiliate link - see our Methodology

XM logo

XM

Featured
8.0/10· Trustpilot 2.1 (3,130 reviews)

10M+ clients, 190+ countries

Min Dep
$5
Spread
0.6
Leverage
1:1000 (equity dependent)

Affiliate link - see our Methodology

easyMarkets logo

easyMarkets

7.7/10· Trustpilot 4.3 (1,929 reviews)

Fixed spreads with built-in risk tools

Min Dep
$25
Spread
0.9 pips
Leverage
1:400

Affiliate link - see our Methodology

Plus500 logo

Plus500

7.7/10· Trustpilot 4.2 (19,809 reviews)

Clean CFD trading, no clutter

Min Dep
$100
Spread
0.6
Leverage
1:30

Affiliate link - see our Methodology

FBS logo

FBS

7.4/10· Trustpilot 4.3 (9,902 reviews)

Low-entry accounts for emerging-market traders

Min Dep
$5
Spread
0.7 pips
Leverage
1:3000

Affiliate link - see our Methodology

Trading 212 logo

Trading 212

7.4/10· Trustpilot 4.6 (102,100 reviews)

Commission-free investing plus CFDs

Min Dep
$1
Spread
0.6 pips
Leverage
1:30

Affiliate link - see our Methodology

eToro logo

eToro

Featured
7.3/10· Trustpilot 4.1 (31,994 reviews)

Social trading, reinvented

Min Dep
$50
Spread
1.0
Leverage
1:30

Affiliate link - see our Methodology

Octa logo

Octa

7.3/10· Trustpilot 3.7 (9,771 reviews)

Low-cost forex and CFD broker with copy trading and a proprietary app

Min Dep
$25
Spread
0.6 pips
Leverage
Up to 1:1000 (entity dependent)

Affiliate link - see our Methodology

Libertex logo

Libertex

7.2/10· Trustpilot 3.9 (9,535 reviews)

Simple CFD platform with commission-based pricing

Min Dep
$10
Spread
0.3 pips
Leverage
1:30

Affiliate link - see our Methodology

JustMarkets logo

JustMarkets

7.1/10· Trustpilot 3.6 (4,479 reviews)

Low-cost accounts aimed at emerging-market retail traders

Min Dep
$10
Spread
0.3 pips
Leverage
Up to 1:3000 (entity dependent)

Affiliate link - see our Methodology

ATFX logo

ATFX

6.5/10· Trustpilot 3.7 (129 reviews)

Global broker with strong Asian and UK presence

Min Dep
$100
Spread
1.8 pips
Leverage
1:500 (entity dependent)

Affiliate link - see our Methodology

NAGA logo

NAGA

6.1/10· Trustpilot 3.4 (4,098 reviews)

Social trading platform with CFDs and stocks

Min Dep
$250
Spread
1.0 pips
Leverage
Up to 1:1000 (entity dependent)

Affiliate link - see our Methodology

Related reading