We found 11 online brokers that are appropriate for Trading Cysec.
Before we show you the best CySEC brokers out there lets first understand what CySEC regulation is in the Forex markets.
CySEC is an abbreviation of Cyprus Securities and Exchange Commission that regulates almost all the brokers present and the headquarters in Cyprus. Several companies are operating different types of financial activities out of Cyprus and obey the regulations of CySEC.
CySEC works as a part of the European MiFID that allows members to function in European businesses by providing simple regulatory guidelines and fast approval processes.
CySEC is a friendly authority that allows almost all financial practices that exhibit signs of getting involved with a few high-risk operations that lead to criticism from world reputable authorities. CySEC frequently modifies its guides to ensure all CySEC-regulated Forex brokers follow the protective legislations towards the investors, their interests and funds.
CySEC is a corporate governance system established in 2001 from the Cyprus Securities and Exchange Commission Law if 2001. Cyprus becoming one of the EU members leads to European markets giving access to all licensed companies and registered brokers.
The transition and registration of the EU are not without problems. The method has a great effect on the tax haven regulatory system, which was used previously.
On May 4th, 2012, the board announced the change in the division of binary options to be counted as financial equipment. In thirty days, all platforms working with Cyprus had to make use of the new binary option regulations, which offer consumers detailed information about products and permission to work in a way that makes the clients feel safe.
Ttwo reasons for this being an important method are that, originally, most of the platforms are based in Cyprus and that CySEC became one of the first regulatory bodies to regulate and recognize binary options as financial instruments.
These agents, firms or middlemen who help traders to trade in Cyprus are widely called CySEC brokers.
Most of the brokers in Europe are regulated by CySEC. CySec regulated brokers have strict regulations imposed to the protect investors.
The first and foremost non-abuse of your money. CySEC brokers are not allowed to access it and so your funds cannot be used for any other purpose apart from trading on your behalf.
As your money is locked in a segregated account any creditors of of a CySEC regulated broker cannot make a claim to it.
It is mandatory for all the CySEC brokers to submit financial statements on a regular basis to CySEC.
CySEC brokers need to join the Investor Compensation Fund Scheme before getting a license. This facilitates investors to file for compensation if the broker becomes bankrupt.
CySEC brokers can face sanctions or penalties if they operate unfairly.
The main responsibilities of the CySEC are as follows:
There are various numbers of complex guidelines that are continually renewed and adjusted to keep brokering firms in place. For any regulated Forex broker to gain permission to work within Cyprus they must obey these regulations:
CySEC Brokers Guidelines
At least two people should be listed as administrators of a CySEC broker.
All of a CySEC brokers products and services need to be listed.
The required initial capital is 200,000 Euros.
The required operating capital is 750,000 Euros.
CySEC brokers are required to get insured for 1 million euros or 1.5 million euros for individual loss or loss due to negligence or in action respectively.
CySEC has many responsibilities all with the aim of protecting investors. Here we will discuss just some of the important ones:
Between 2014 and 2015, CySEC was attacked by industry experts and retailers who claim that CySEC needs better legislation controlling the supervision and regulation of high-risk investments. CySEC critics also mentioned that fines charged by the agency are normally smaller than those of other financial regulators in the European Union.
Because of dormancy and unclear descriptions, some CySEC regulated firms and brokers have not been charged for disregarding the rules.
Another problem is the absence of direct communication when it comes to customers having complaints. What set CySEC apart from other regulators like the NDA is the complaints are to be raised by the broker and not the customer. This exposes the customers to ineffective and slow responses.
How to Verify CySEC Brokers
Finding reputable CySEC brokers is easy. The CySEC website publishes their names and respective license numbers. The website also publishes regular warnings on unregulated brokers which falsely claim to be under the regulation of CySEC.
You may come across several unregulated brokers who may claim CySEC regulation is not important.
You have to note here that the primary mission of CySEC is to protect investors and continue making Cyprus one of the most protected financial centers on internationally.
When a broker under CySEC regulation breaks the rules, you can approach the CySEC for accountability. Hence, when trading we recommend you always trade with a broker with regulation like that of CySEC.
We have conducted extensive research and analysis on over multiple data points on Cysec Brokers to present you with a comprehensive guide that can help you find the most suitable Cysec Brokers. Below we shortlist what we think are the best cysec brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Cysec Brokers.
Selecting a reliable and reputable online Cysec trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Cysec more confidently.
Selecting the right online Cysec trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for cysec trading, it's essential to compare the different options available to you. Our cysec brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a cysec broker that best suits your needs and preferences for cysec. Our cysec broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Cysec Brokers.
Compare cysec brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a cysec broker, it's crucial to compare several factors to choose the right one for your cysec needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are cysec brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more cysec brokers that accept cysec clients.
Broker |
IC Markets
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Roboforex
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eToro
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XM
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XTB
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Pepperstone
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NordFX
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Trading212
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FP Markets
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EasyMarkets
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FXPro
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 50 | 5 | No minimum deposit | 200 | 1 | 1 | 100 | 100 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 3,500,000+ | 581,000+ | 400,000+ | 10,000+ | 15,000,000+ | 10,000+ | 142,500+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
Support |
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Learn More |
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Up with icmarkets |
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Up with xtb |
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Up with pepperstone |
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Up with nordfx |
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Up with trading212 |
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Up with fpmarkets |
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Up with easymarkets |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XM Demo |
XTB Demo |
Pepperstone Demo |
NordFX Demo |
Trading 212 Demo |
FP Markets Demo |
easyMarkets Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, IL, KR, IR, MM, CU, SD, SY | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | US, CA, EU, RU, SY, KP, CU | US, CA | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, CA, IR |
You can compare Cysec Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Cysec Brokers for 2023 article further below. You can see it now by clicking here
We have listed top Cysec brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.