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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
21Pepperstone Investor protectionBonusUp to AUD $40,000 refer-a-friend rewardBest For Low CommissionsRegulated by ASIC, FCA, BaFIN +1Add to compare listRating 4.4 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • Strong Regulatory Oversight

  • Fast Execution Speeds

  • Wide Range of Trading Instruments

Cons

  • Platform Complexity for Beginners

  • Limited Educational Resources for Advanced Traders

  • Limited Demo Account Access

22NPBFXBonusUp to 30% deposit bonus1:200 Max LeverageMin deposit 10$Max leverage 1:200Regulated by FSCAdd to compare listRating 4.4 / 5Start trading
Pros, cons & fees
Read review
Pros

  • Competitive Spreads and Leverage

  • Fast Order Execution

  • Flexible Trading Strategies

Cons

  • Lack of Major Regulatory Oversight

  • Limited Platform Options

  • Limited Educational Resources

Deposit fee No
23InstaforexBonus30% deposit bonusBest Offer On BonusesRegulated by FSC (BVI)Add to compare listRating 4.4 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Wide Range of Trading Instruments

  • High Leverage Options

  • Low Minimum Deposit

Cons

  • Not Regulated by Top-Tier Authorities

  • Mixed User Reviews

  • High Spreads on Some Account Types

24FIBO GroupBest Beginner BrokerRegulated by CySEC, FSCAdd to compare listRating 4.4 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Wide Range of Trading Instruments

  • Multiple Account Types

  • High-Quality Trading Platforms

Cons

  • Limited Educational Resources

  • Higher-than-Average Spreads

25FXOpenBest ECN Technology BrokerRegulated by ASIC, FCAAdd to compare listRating 4.4 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • Low-Cost Trading

  • Advanced Platforms

  • Regulated by Top-Tier Authorities

Cons

  • Limited Educational Resources

  • No 24/7 Customer Support

  • Unavailable to US Users

26eToro EUBest For Stock and Crypto TradingMin deposit $50Regulated by CySEC, ASIC, FINRA +1Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • User-Friendly Trading Experience

  • Innovative Social Trading Features

  • Regulated and Secure Platform

Cons

  • Limited Advanced Trading Tools and Customization

  • Presence of Non-Trading Fees

  • Limited Research and Educational Resources

Withdrawal fee 5$Deposit fee 0$ (Conversion fees apply)
27Hantec Markets1:500 Max LeverageMin deposit $10Max leverage 1:500Regulated by FCA, FSCAdd to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Swap Free AccountsWide range of trading instrumentsAffiliate ProgramRead review
Pros

  • Strong Regulation

  • Fast Execution Speeds

  • Low Minimum Deposit

Cons

  • Lack of Proprietary Platform

  • Limited Educational Resources

  • Some Reported Withdrawal Issues

Withdrawal fee $0Deposit fee $0
28AVATradeBonusWelcome Deposit Bonus by AvaTradeBest User Friendly BrokerMin deposit $100Max leverage 1:400Regulated by CySEC, ASIC, FSA (SV)Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Highly Regulated and Trustworthy

  • Excellent Educational Resources

  • User-Friendly Platforms

Cons

  • High Inactivity Fees

  • High Pricing for Retail Accounts

  • Does Not Allow US & Canadian Clients

Withdrawal fee $0Deposit fee $0
29FXCMBonusWelcome Bonus Offer by FXCMRegulated by FCA and ASICRegulated by ASIC, CySEC, CIRO +1Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Read review
Pros

  • Regulated by Top-Tier Authorities

  • User-Friendly Proprietary Platform

  • Competitive Spreads for Active Traders

Cons

  • Limited Product Portfolio

  • High Bank Withdrawal Fees

  • No Two-Step Authentication on Trading Platforms

30CMC Markets Investor protectionBonusWelcome Bonus Offer by CMC MarketsBoth Long-Term and Short-Term Assets AvailableMin deposit $0Max leverage 1:30 Regulated by FCA, ASIC, BaFIN +4Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Long-Term Tradable AssetsExtensive Range of CFDsRead review
Pros

  • Extensive Range of Tradable Assets: CMC Markets offers access to more than 12,000 financial instruments, including forex pairs, stocks, commodities, indices, cryptocurrencies, and ETFs.

  • Advanced Trading Platforms: Traders can access markets through the Next Generation web platform, mobile trading apps, and support for MetaTrader 4 & 5 and TradingView.

  • Strong Regulatory Oversight: CMC Markets is highly regulated globally by several top-tier financial authorities like the Monetary Authority of Singapore (MAS) and UK’s FCA.

Cons

  • 24/5 Customer Support: CMC Markets offers 24/5 customer support instead of 24/7 support.

  • Leverage Restrictions in Some Regions: Due to regulations, allowed leverage is lower in certain jurisdictions such as the United Kingdom and Europe.

  • MetaTrader 5 is Not Available in All Regions: MetaTrader 5 is not available in all regions. The availability of the platform should be checked prior signing up.

Withdrawal fee $0Deposit fee $0

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Our ranking methodology and selection process