Best Forex Brokers in Cyprus 2025 – Regulated & Reliable Picks
Cyprus has become a top destination for forex trading, offering favorable regulations, a strategic location, and access to various financial markets. The Cyprus Securities and Exchange Commission (CySEC) oversees the regulation of forex brokers in the region, ensuring a transparent and secure trading environment. In this guide, we’ll highlight the top forex brokers in Cyprus and provide the necessary information to help you make an informed decision when choosing the best broker for your trading needs.
Why Regulation Matters in Forex Trading
Regulatory compliance is essential in forex trading. In Cyprus, CySEC regulates forex brokers, ensuring that they operate under strict oversight, which helps protect traders. This regulation requires brokers to maintain client fund segregation, offer negative balance protection, and adhere to leverage limits, offering protection to retail traders and promoting trust in the market.
Key Considerations When Choosing a Forex Broker
- Regulatory Compliance: Always check that the broker is regulated by CySEC or another reputable financial authority.
- Trading Platforms & Tools: Look for brokers that offer reliable platforms such as MetaTrader 4 or 5 with advanced charting tools.
- Spreads, Commissions & Fees: Compare fees and spreads to minimize trading costs.
- Broker Reviews & Reputation: Assess the broker's reputation by reading user reviews and third-party ratings.
- Customer Support: Ensure the broker provides responsive customer support.
- Leverage & Margin Requirements: Consider available leverage options and the risks associated with high leverage.
- Deposit & Withdrawal Options: Check for convenient payment methods for easy deposits and withdrawals.
Top Forex Brokers in Cyprus
Exness
| Pros | Cons |
| ✅ Low spreads ✅ High leverage options ✅ Wide variety of trading instruments | ❌ Limited educational resources ❌ Some high leverage accounts are not available in all regions |
Broker Rating (out of 5): 4.5 / 5
Available Assets
Fees & Commissions
Trading Platform
Tools & Features
Licensing & Regulation
Educational Resources
Account Types
Customer Support
Deposit & Withdrawal Option
AvaTrade
| Pros | Cons |
|
|
Broker Rating (out of 5): 4.5 / 5
Available Assets
Fees & Commissions
Trading Platform
Tools & Features
Licensing & Regulation
Educational Resources
Account Types
Customer Support
Deposit & Withdrawal Option
eToro
| Pros | Cons |
|  Limited advanced charting tools Higher fees for withdrawals |
Broker Rating (out of 5): 4 / 5
Available Assets
Fees & Commissions
Trading Platform
Tools & Features
Licensing & Regulation
Educational Resources
Account Types
Customer Support
Deposit & Withdrawal Option
XM
| Pros | Cons |
 Social trading features Regulated by multiple authorities Great for beginners | Limited advanced charting tools Higher fees for withdrawals |
Broker Rating (out of 5): 4 / 5
Available Assets
Fees & Commissions
Trading Platform
Tools & Features
Licensing & Regulation
Educational Resources
Account Types
Customer Support
Deposit & Withdrawal Option
Pepperstone
| Pros | Cons |
| Low spreads ECN execution Multiple platform options | High minimum deposit for some accounts Limited educational materials |
Broker Rating (out of 5): 4.5 / 5
Available Assets
Fees & Commissions
Trading Platform
Tools & Features
Licensing & Regulation
Educational Resources
Account Types
Customer Support
Deposit & Withdrawal Option
Oanda
| Pros | Cons |
| Limited asset selection No social trading features |
Broker Rating (out of 5): 4 / 5
Available Assets
Fees & Commissions
Trading Platform
Tools & Features
Licensing & Regulation
Educational Resources
Account Types
Customer Support
Deposit & Withdrawal Option
Comparing the Top Forex Brokers
| Feature | AvaTrade | FP Markets | eToro | XM | Oanda | Pepperstone |
| Regulation | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
| Platforms | MT4, MT5 | MT4, MT5, IRESS | Proprietary | MT4, MT5 | MT4, OANDA | MT4, MT5, cTrader |
| Spreads | 1.5 pips | 1.2 pips | 2.0 pips | 0.0 pips | 1.5 pips | 0.0 pips |
| Leverage | 30:1 | 500:1 | 30:1 | 888:1 | 50:1 | 500:1 |
| Minimum Deposit | $100 | $100 | $50 | $5 | No min | AU$200 |
Other Notable CySEC Regulated Forex Brokers
While the above brokers stand out for their offerings, several other CySEC-regulated brokers are also worth considering:
IC Markets: Known for its competitive spreads, low-cost trading, and wide range of instruments. It is a popular choice for high-frequency traders.
FxPro: FxPro offers a range of proprietary trading platforms and is known for its low spreads. It is highly respected for its commitment to transparency.
Admirals: With a comprehensive selection of trading instruments and robust educational materials, Admirals is a great choice for traders who want to enhance their skills and access global markets.
How to Choose the Best Forex Broker for Your Needs in Cyprus
- For Beginners: Choose brokers with easy-to-use platforms and educational resources, such as eToro and XM.
- For Experienced Traders: Seek brokers like Pepperstone and Oanda, offering advanced charting tools and higher leverage options.
- Regulation: Always check that the broker is regulated by CySEC or another recognized authority.
- Trading Platforms: Look for a reliable and feature-rich trading platform, such as MetaTrader 4/5.
- Fees & Spreads: Compare brokers' spreads and fees to ensure you're getting the best deal.
- Stay informed by reading market updates and news.
- Use risk management tools such as stop-loss orders.
- Practice with a demo account before trading live.
- Keep learning through online courses and webinars.
Conclusion
Cyprus has established itself as a top destination for forex trading, with CySEC-regulated brokers providing a secure and transparent environment for traders. Whether you are a beginner or an experienced investor, choosing a reputable forex broker is key to maximizing your trading success. The brokers listed in this guide offer competitive features, robust regulatory compliance, and reliable trading platforms to suit a variety of trading needs. By carefully considering your options and aligning them with your trading goals, you can confidently navigate the forex market in Cyprus.
Frequently Asked Questions (FAQs)
Regulation is the most important factor, ensuring protection for your investments and adherence to strict industry standards.
eToro is ideal for beginners due to its easy-to-use platform, social trading features, and educational resources.
MetaTrader 4 and MetaTrader 5 are the most widely used platforms, known for their reliability and powerful tools.
Examine the brokers’ spreads, commissions, and withdrawal fees to identify the most cost-effective option.
Other Local Broker Guides
Australia
Australia offers a well-regulated and secure forex market with excellent liquidity. Traders benefit from strong platforms and a favorable time zone for global trading.
South Africa
South Africa’s forex market is growing, offering more opportunities while requiring traders to navigate FSCA regulations.
Canada
Canada provides a stable forex environment with solid financial regulations. Its well-established infrastructure and diverse currency access attract global traders.
India
India, with its growing economy and regulated financial markets, offers access to the Indian Rupee (INR) and presents promising forex opportunities within the South Asian region
France
France benefits from a stable economy and the Euro’s prominence in global markets. Its forex market provides diverse opportunities for both local and international traders.
United Kingdom
The UK remains a top forex trading destination with London as a global financial center. Its advanced regulatory environment ensures a secure, high-liquidity market.
USA
The USA offers a dynamic forex market with strict regulatory oversight by the CFTC. Traders enjoy a wide range of opportunities in a highly liquid environment.
