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CySEC Regulated Forex Brokers (Cyprus)

Forex brokers in Cyprus are regulated by the ‘Cyprus Securities and Exchange Commission’ (CySEC), the sole supervisory and regulatory authority of the country established in 2001, which supervises and grants licenses to Forex brokers to ensure the conformity of their operations to the laws. Cyprus is a member of the European Union which enables all CySEC Forex brokers to expand their services throughout the European countries; therefore, they must adhere to European MiFID financial guidelines. Under CySEC laws, traders’ funds must be kept in segregated accounts, completely separate from Broker’s funds, at top-tier European banks for extra protection. Moreover, Cyprus brokers are a member of ICF (Investor Compensation Fund) which ensures clients’ funds up to 20,000 Euro. Below you can find the complete list of CySEC Regulated Forex Brokers.

CySEC Cyprus Forex Brokers

CySEC (Cyprus) Forex Brokers

Account types

Leverage

Spread Type

CySEC License

Promotion

Visit Broker \ Open Account

XM

Micro: $5

Standard: $5

Zero Spread: $100

1:888

Floating

#120/10

30 USD FREE

+

50%-20% Deposit Bonus

www.XM.com

Open Account

  • Why XM CySEC Broker?

FX, CFDs, Metals, Energies, Stocks - ECN spreads (Floating)

MT4 & 5, Web, Mobile Platforms (ipad, iphone, Android)

Bank wire, Credit cards, Webmoney, Skrill, Neteller, & more

Negative balance protection, All trading strategies welcome
Forex VPS, Webinars, Daily Market overviews & analysis

Zero Fee on deposit/withdrawal + Same day withdrawals

Company Profile:

  • Regulation: FCA, CySEC, ASIC
  • Headquarters: Cyprus, UK, Australia
  • Year Founded: 2009
  • Support: 24/5 live chat, email, phone (Multi-language), Personal manager
  • Company Employees: ~260
  • Awards: +15 industry awards

FXTM

Cent: $5

Standard: $100

ECN: $500

ECN Zero: $200

Pro: $25,000

1:1000

Floating

#185/12

10 USD FREE

www.ForexTime.com

Open Account

  • Why FXTM CySEC Broker?

Forex, CFDs, Metals - Low Floating spreads on all accounts

MetaTrader 4/5, Web & Mobile trading, Multi-terminal

Bank wire, Credit cards, Webmoney, Skrill, Neteller & more
Forex VPS, Webinars, Trading Central market analysis

FXTM Invest, PAMM investment accounts, Copy Trading

Educational Videos, Articles, tutorials, personal A/C manage

Company Profile:

  • Regulation: FCA, CySEC, IFSC
  • Headquarters: Cyprus
  • Year Founded: 2013
  • Support: 24/5 live chat, email, phone (Multi-language), Personal manager
  • Company Employees: ~180
  • Awards: +20 industry awards

Exness

Cent: $1

Mini: $1

Classic: $2000

ECN: $300

1:unlimited

Fixed & Floating

#178/12

none

www.Exness.com

Open Account

  • Why Exness CySEC Broker?

Forex, Metals, Energies and CFD, pure ECN raw spreads

MetaTrader 4 \ 5, Web and Mobile Platforms

Bank wire, Credit cards, Webmoney, Skrill, Neteller & more

Auto withdrawal, Economic calendar, WebTV, Calculators
Forex VPS, Regular Webinars, Trading Central,  Dow Jones

No-Fee on deposit/withdrawal, regular trading contests

Company Profile:

  • Regulation: CySEC, FCA
  • Headquarters: Cyprus
  • Year Founded: 2008
  • Support: live chat, email, phone
  • Company Employees: ~200
  • Awards: +12 industry awards

FBS

Cent: $1

Micro: $5

Standard: $100

Unlimited: $500

Zero: $500

1:3000

Fixed & Floating

#331/17

123 USD FREE

+

Regular Contests

www.FBS.com

Open Account

  • Why FBS CySEC Broker?

Forex, Metals, Energies - High leverage, 5 account types

MT4 & 5, Web, Mobile Platforms (ipad, iphone, Android)

Bank wire, Credit cards, Webmoney, Skrill, Neteller, & more

Forex bonuses & contests, all trading strategies welcome
Fast withdrawal, Forex VPS, Daily Market Analysis

Zero Spread Forex account, weekly live forex webinars

Company Profile:

  • Regulation: IFSC, CySEC
  • Headquarters: Russia
  • Year Founded: 2009
  • Support: 24/5 live chat, email, phone (Multi-language)
  • Company Employees: ~
  • Awards: +22 industry awards

HYCM

Micro: $100

Standard: $1000

VIP: $10,000

1:400

Fixed

#259/14

None

www.HYCM.com

Open Account

  • Why HYCM CySEC broker?

Forex, Metals, Indices, Oil/gas, Commodities, Stocks

MetaTrader 4, PrimeTrader & Mobile Platforms

Bank wire, Credit cards, Webmoney, Skrill, Neteller

Fixed Low Spreads on all accounts

Trading Signals powered by Pro-Daily.com

Zero Fee on deposit and withdrawal

Company Profile:

  • Regulation: FCA, CySEC
  • Headquarters: Cyprus, UK, Hong Kong
  • Year Founded: 1999
  • Support: 24/5 live chat, email, phone
  • Company Employees: ~
  • Awards: +8 industry awards

HotForex

Micro: $5

Premium: $500

Zero: $100

Fixed: $500

VIP: $20000

1:1000

Fixed & Floating

#183/12

100% Bonus

www.HotForex.com

Open Account

  • Why HotForex FSB Broker?

Forex, Indices, , CFDs, Energies, Metals, Crypto-Currencies

MT4, MT5, Web & Mobile Platforms, leverage up to 1:1000

Bank wire, Credit cards, Webmoney, Skrill, Neteller

Auto-chartist, FREE VPS, Exclusive Analysis, Auto-Trading
PAMM Investment accounts, all trading strategies allowed

Forex Education, E-courses, Regular live webinars

Company Profile:

  • Regulation: CySEC, FSC, FSB
  • Headquarters: Cyprus
  • Year Founded: 2010
  • Support: 24/5 live chat, email, phone (Multi-language)
  • Awards: +22 industry awards

Orbex

Classic: $500

Standard: $500

Premium: $5,000

VIP: $25,000

1:500

Fixed & Floating

#124/10

none

www.Orbex.com

Open Account

  • Why Orbex CySEC Broker?

Forex, Metals, Futures, Indices, Commodities

MT4, MT5, Web, Mobile Platforms (ipad, iphone, Android)

Bank wire, Credit cards, Webmoney, Skrill, Neteller

Zero-fee funding, weekly webinars, free education
Daily Analysis, Trading Central, OrbexTV

TradeLab, Strategizer, Free VPS, AutoTrade (FxStat)

Company Profile:

  • Regulation: FCA, CySEC
  • Headquarters: Cyprus, Kuwait
  • Year Founded: 2010
  • Support: 24/5 live chat, email, phone (Multi-language), Personal manager
  • Company Employees: ~50
  • Awards: +10 industry awards

RoboForex

Fix: $1

Pro: $1

ECN Pro: $1

ECN Fix: $1

Cent Fix: $1

Cent Pro: $1

1:1000

Fixed & Floating

#191/13

30 USD FREE

+

50% Deposit Bonus

www.RoboForex.com

Open Account

  • Why RoboForex CySEC Broker?

Forex, Metals, Energies, Stocks and CFD

MT4, MT5, cTrader, Umstel (Stocks) & Mobile Platforms

Bank wire, Cerdit cards, Webmoney, Skrill, Neteller, & more

PAMM accounts, CopyFx, all trading strategies welcome
Forex VPS, Webinars, Forex analysis and forecasts

Zero Fee on deposit/withdrawal, regular trading contests

Company Profile:

  • Regulation: IFSC, CySEC
  • Headquarters: New Zealand
  • Year Founded: 2010
  • Support: live chat, email, phone
  • Company Employees: ~
  • Awards: +12 industry awards

CySEC Regulation

‘Cyprus Securities and Exchange Commission’ the non-governmental public financial supervisory body, is in charge of overseeing the registered retail Forex brokers, financial service providers, financial advisors, investment services, as well as any other financial activities in the Republic of Cyprus. The organization first emerged in 2001, in agreement with section 5 of the Securities and Exchange Commission, and subsequently in 2004 its laws and regulations integrated with the European ‘MiFID’ financial laws allowing all its members to extend their business interests all over Europe. CySEC is run by a board of directors, consisting of five members (Demetra Kalogerou - Chairman, Andreas Andreou - Vice-Chairman, Anastasia Anastasiadi, Nicole Phinopoulou, John Georgoulas), designated by the Council of Ministers following a proposal of the Minister of Finance. CySEC is considered a forerunner in setting new and innovative regulatory policies for the development of the financial markets. CySEC was the first regulatory authority to announce the ‘binary options’ as a legitimate financial tool setting a good example for many other financial authorities to consider and acknowledge the binary options brokers as viable. The organization takes necessary initiatives to update its overall regulatory framework on a regular basis to protect the customers’ assets in the safest, most reliable way possible, in this way CySEC aims to build a worldwide reputation and attract more investments.

CySEC Responsibilities

CySEC, as expected of any other regulatory bodies to provide safety of funds and peace of mind for their customers, is responsible for regulating the Structure, duties, powers, organization of the Securities and Exchange Commission, and relevant financial activities that fall under the Article 25 of the law, issued in 2009. CySEC is also empowered by ‘The Public Offer and Prospectus Law of 2005,’ ‘The Insider Dealing and Market Manipulation (Market Abuse) Law of 2005,’‘The Public Takeover Bids Law of 2007,’ and ‘The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law of 2007.’ Accordingly, CySEC supervises the following activities:

CySEC Investor Compensation Fund (ICF)

The Investor Compensation Fund was founded as a part of CySEC organization to reimburse the clients in case of ICF members’ failure to fulfill their obligations towards their clients. This program was established to protect the clients by refunding their assets if their claim is justified. The Investor Compensation Fund can be applied to all the customers, both Cypriot and foreigner residents who received services from the members of ICF. When the legitimacy of the client’s claim regarding the misdemeanor of ICF member is proved beyond reasonable doubt, the ICF is ready to pay up to 20,000 euros to cover the losses. The compensation amount applies to the whole of the claim regardless of the client’s type of currency, the number of accounts, or the laws regarding the place of services. CySEC would request the member’s presence for further investigation within a short deadline (usually more than three days) which in certain cases may extend up to three months. CySEC then initiates the process of compensation upon proving the negligence of the ICF member regarding their clients’ claims. An invitation (via at least three national newspapers) will be sent to the insured clients to file their complaints against the ICF member in question. The applicants ought to include their name, address, phone/fax number, email, company code with the ICF, the name of the ICF member, covered services (copy), account, deposit and withdrawal statements/documents, the amount of the claim, proof of claim, and any other required information. Then the claim is assessed by one qualified accountant and one or more knowledgeable advocates regarding the legitimacy of the complaint. The applicants can fill out the online application form on the CySEC website or simply submit a letter of complaint to the offices of the ICF with all the required info (as mentioned above). The letter could be either mailed via post or personally delivered to this address: ‘Investor Compensation ICF for IF Clients, 27 Diagorou Str., 1097 Nicosia, Cyprus.’ The complaining parties should review the guideline and directives of the Investor Compensation Fund thoroughly to make sure that their claim is legit otherwise their claim will not be accepted or even after receiving the compensation amount they have to return it to the ICF under review.

How to verify a CySEC regulated Forex Broker?

The CySEC has listed all the Forex brokerage companies on its website for everyone to access and confirm their license and regulation if necessary. For this purpose, go to the Cyprus investment firms’ page on the CySEC official website, a search box will appear. All you have to do is type in the name or license number of the Forex Broker that you are investigating. As soon as you begin to type the name, a list of companies with similar names might appear, you can scroll down to locate the exact company you are looking for. Once you have located the company in question, you can click on its name and be directed to the relevant page for further inquiry. There is also an alphabetic list (A-Z) right under the search box which can be used to narrow down your search.

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High-Risk Warning: Forex and CFDs are leveraged products and carry a high level of risk that can result in losses exceeding your deposit. You should be aware of all the risks associated with trading.

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