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Best Forex Brokers in Cyprus

Cyprus Securities and Exchange Commission has one of the best regulatory frameworks being an EU country with MiFID compliance. We have thoroughly compared brokers and created a list of top 10 brokers you can start trading with in 2025. The following are our top 10 picks.

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FxGlory
Not available in
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  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros
  • High Leverage Options

  • Low Initial Deposit Requirements

Cons
  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:3000
XM
Not available in
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2
XM
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  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros
  • Regulated by Top-tier Authorities

  • Low Spreads and Commissions

  • Popular Trading Platforms

Cons
  • Limited Asset Coverage

  • Platform Selection Limited

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:888
Forex.com
trusted
Available in
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  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros
  • Top-Tier Regulation

  • Low Forex Fees

  • No Withdrawal Fees

Cons
  • High Stock CFD Fees

  • Limited Product Portfolio

  • User Interface Could Be More Intuitive

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:50
Start trading
73%-77% of retail investor accounts lose money when trading CFDs with this provider.
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OANDA
trusted
Available in
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4
OANDA
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  • Exceptional Execution
  • US Clients
  • Scalping
Pros
  • OANDA is among the few international online forex brokers that accept U.S. clients.

  • The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.

  • OANDA does not require a fixed initial deposit on the standard account.

Cons
  • OANDA’s financial offerings have some irregularities that may only suit some traders

  • -Trading on OANDA may incur several fees, including a monthly inactivity fee

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
AXITrader
Not available in
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  • 24/7 instant money withdrawal
  • Free VPS hosting
  • Specialized trading accounts
Pros
  • No obligation demo accounts with US$50,000 of virtual funds to practice with

  • 24/5 Customer support available 

  • Multilingual support in 14 languages

Cons
  • Limited trading platform options

  • Limited trading instruments

  • Only forex and CFD trading

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
FP Markets
Not available in
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  • Free VPS hosting
  • Specialized trading accounts
Pros
  • Excellent customer support with 24/7 availability

  • Competitive spreads and fast execution speeds

  • Comprehensive educational resources including webinars and video tutorials

Cons
  • Limited range of tradable assets compared to some competitors

  • Higher minimum deposit for certain account types

  • No proprietary mobile app (relies on MT4/cTrader mobile)

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:500
ActivTrades
Not available in
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  • Specialized trading accounts
Pros
  • Solid Regulatory Oversight

  • Fast Execution Speeds

  • Innovative Trading Tools

Cons
  • Limited Asset Range

  • Commissions and Fees

  • Mixed Customer Support Reviews

  • Withdraw fee0$
  • Deposit fee0$
  • Max Leverage1:400 (1:30 for EU)
Orbex
Not available in
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8
Orbex
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  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros
  • Strong Regulatory Oversight

  • Several Trading Platforms Offered

  • Several Account Options

Cons
  • Variable Spreads on Starter Account

  • High Minimum Deposits for Premium and Ultimate Accounts

  • Some Users Reported Withdrawal Issues

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Vantage FX
Not available in
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  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros
  • Low Trading Fees

  • Multiple Regulatory Licenses

  • Advanced Copy Trading Options

Cons
  • High Minimum Deposit for Pro ECN Account

  • Limited Product Range

  • Mixed Customer Service Reviews

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
MultiBank Group
Not available in
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  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros
  • Highly Regulated and Trustworthy

  • Excellent Asset Selection

  • Multiple Account Types

Cons
  • High Minimum Deposit for Best Conditions

  • Limited Educational Resources

  • Occasional Customer Support Delays

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A