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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.

Order by
1OneRoyal trusted Investor protectionBonus100% deposit bonus2,000+ Tradable AssetsMin deposit $5Max leverage 1:1000Regulated by ASIC, CySEC, VFSCAdd to compare listRating 4.8 / 5Start trading
Pros, cons & fees
Copy and Social TradingVery Low Minimum DepositMulti Tier-1 Regulated BrokerRead review
Pros

  • Very Low Minimum Deposit: Traders can get started with a deposit of $5.

  • Negative Balance Protection: Traders cannot lose more funds than they have in their accounts with negative balance protection

  • Extensive Tradable Instruments: Over 2,000 tradable instruments across forex, metals, oil, indices, shares, ETFs, and crypto.

Cons

  • Promotions Not Universally Available: Some promotions are only available in selected regions.

  • Neteller Payment Delays: Neteller withdrawals are subject to a 7-business-day waiting period after a deposit.

  • Separate Site for EU Natives: EU residents are redirected to a separate, EU-regulated platform.

Withdrawal fee $0Deposit fee $0
2XM trustedBonus$50 no-deposit bonusBest For Low Trading CostsMin deposit $5Max leverage 1:1000Regulated by FSC, CySEC, FSCA +2Add to compare listRating 4.8 / 5Start trading
Pros, cons & fees
Specialized trading accountsFree VPS hosting24/7 instant money withdrawalRead review
Pros

  • Multi-Regulated Broker: XM has multiple regulations including CySEC (Cyprus), FSC (Belize and Mauritius), FSA (Seychelles), and DFSA (Dubai).

  • Variety of Bonuses: The broker offers an extensive range of bonuses including welcome, no-deposit, and seasonal offers that can boost capital and allow profit withdrawal.

  • Consistent High Leverage and Low Spreads: The company offers consistently low spreads and a high leverage even during volatile market conditions.

Cons

  • Not Available in the US: XM does not accept clients from the US. For traders based in restricted regions, it is best to look for other options.

  • Offerings May Differ Based on Location: Payment methods, trading strategies, and bonuses may vary depending on your location.

  • Inactivity Fees: XM charges a dormant fee when your account stays dormant for consecutive 90 days. You are charged an inactivity fee of $10 per month.

Withdrawal fee $0Deposit fee $0
3BlackBull Markets trustedBonusUp to $250 refer-a-friend reward26,000+ Tradable AssetsMin deposit $0Max leverage 1:500Regulated by FMA, FSAAdd to compare listRating 4.8 / 5Start trading
Pros, cons & fees
Auto TradingCopy TradingMultiregulated BrokerRead review
Pros

  • 26,000+ Tradable Assets: BlackBull Markets provides access to more than 26,000 tradable instruments across 5 different asset classes.

  • Multiple Trading Platforms: Traders can use MetaTrader 4, MetaTrader 5, TradingView, cTrader, and MetaTrader WebTrader. The broker also offers proprietary BlackBull Invest and BlackBull CopyTrader platforms.

  • Extensive Variety of Tools and Third-Party Services: BlackBull offers access to VPS, ZuluTrade, Myfxbook, an Economic Calendar, and Trading Calculator.

Cons

  • Flat Administrative Fee on Swap-Free Islamic Accounts: BlackBull Markets charges a flat administrative fee on swap-free trading accounts.

  • $5 Withdrawal Fee: On every withdrawal, a withdrawal fee of $5 is applied to a trader’s account.

Withdrawal fee $5Deposit fee $0
4FxGlory trustedBonus50% deposit bonusBest LeverageMin deposit $1Max leverage 1:3000Regulated by VFSCAdd to compare listRating 4.8 / 5Start trading
Pros, cons & fees
24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

Withdrawal fee $0Deposit fee $0
5VT Markets trusted Investor protectionBonus50% welcome bonusDoubly Insured AccountsMin deposit $50Max leverage 1:1000Regulated by FSCA, SCA, FSCAdd to compare listRating 4.7 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Trading Accounts for Different Types of Traders: VT Markets offers STP, ECN, Cent, and Swap Free trading accounts. The company also offers a demo account for 90 days.

  • Multi Regulated Brokerage: VT Markets has multiple reputable regulations from South Africa, Dubai, and Mauritius.

  • Investor Protection and Trader Insurance: The company is a part of The Financial Commission and Compensation Fund and has Lloyd’s Insurance with coverage of over €20,000 and $1M respectively for client funds.

Cons

  • No Phone Support: VT Markets does not offer phone support.

Withdrawal fee $0Deposit fee $0
6Libertex (Europe) trusted Investor protectionVery Low CommissionsMin deposit €100Max leverage 1:30Regulated by CySECAdd to compare listRating 4.7 / 5Start trading
Pros, cons & fees
Affiliate ProgramVery Low CommissionsProprietory Trading PlatformReal Stock OptionsRead review
Pros

  • Highly Regulated Broker: Libertex is regulated by CySEC, and has been operating for over a decade making it one of the reputable names in the brokerage space.

  • Extensive Range of Underlying Assets: Wide range of CFDs (1000+ across all major markets) plus real stock investment.

  • Major and Proprietary Trading Platforms: You can access popular trading platforms like MT4 and MT5. In addition, you can also trade with the company’s proprietary trading platform.

Cons

  • Leverage Capped at up to 1: 30 for Retail Clients: Retail leverage is capped at 1:30 because of CySEC regulation.

  • No Islamic (Swap-Free) Account: The broker does not offer Swap-Free/Islamic accounts. You can explore other brokers who offer swap-free trading on TopBrokers.

  • Limited Availability: Only clients from EEA Area and Switzerland are accepted.

Withdrawal fee Low (depends on platform)Deposit fee €0
7PU Prime trusted Investor protectionBonus50% deposit bonus100% of Your Deposit Matched in Bonus CreditMin deposit $20Max leverage 1:1000Regulated by ASIC, FSCA, FSA +1Add to compare listRating 4.6 / 5Start trading
Pros, cons & fees
24/7 Multilingual Customer ServiceProprietary Copy Trading AppRead review
Pros

  • Wide Range of Account Types: PU Prime provides a variety of account types designed to suit different trading styles and experience levels, from beginners to advanced traders.

  • Great Leverage: Control larger positions using minimal capital, thanks to leverage of up to 1:1000. This allows you to maximize opportunities in the market but remember, while higher leverage can enhance potential gains, it also increases risk.

  • 24/7 Multi Channel Support: Round-the-clock assistance is provided by PU Prime through multiple channels, including live chat, email, and phone support. Services are offered in 18 languages, ensuring accessibility for a diverse range of traders.

Cons

  • Slightly Higher Spreads: For no-commission accounts, spreads starting at 1.3 pips are slightly higher than the industry average.

  • High Minimum Deposit: High minimum deposit for the low-spread and commission-based accounts

  • No EU Regulations: Despite being regulated by 4 authorities, including top-tier ASIC, the broker does not offer dedicated EU regulation for European clients.

Withdrawal fee $0Deposit fee $0
8Forex.com trustedBonusWelcome Bonus Offer by Forex.comBest Trading PlatformsMin deposit $100Max leverage 1:50Regulated by FCA, CFTC, NFA +3Add to compare listRating 4.6 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Top-Tier Regulation

  • Low Forex Fees

  • No Withdrawal Fees

Cons

  • High Stock CFD Fees

  • Limited Product Portfolio

  • User Interface Could Be More Intuitive

Withdrawal fee $0Deposit fee $0
9OANDA trustedBonusUp to $25,000 welcome bonusUS ClientsMin deposit 0Max leverage 1:50Regulated by CFTC, NFAAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Read review
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

10AXITrader trustedBonusAxi No Deposit BonusBest For Instant Trade ExecutionRegulated by ASICAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
24/7 instant money withdrawalFree VPS hostingSpecialized trading accountsRead review
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

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Our ranking methodology and selection process