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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
31DuraMarketsBonus250% deposit bonus250% Deposit BonusMin deposit $10Max leverage 1:500Regulated by MISAAdd to compare listRating 4.3 / 5Start trading
Pros, cons & fees
24/5 Customer SupportRead review
Pros

  • Low Barrier to Entry: Traders can start trading with a very low minimum deposit of $10, making the broker accessible to many new traders.

  • MetaTrader 4 & 5 Trading Platforms: DuraMarkets offers access to both MetaTrader 4 & 5 trading platforms.

  • Swap-Free Islamic Account Option: The company offers a dedicated swap-free trading account for traders who want to avoid overnight swap fees.

Cons

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  • Lack of Tier 1 Regulators: DuraMarkets lacks the oversight of a Tier-1 regulator like ASIC, CySEC, NFA, or FCA.

  • Crypto-Only Payments: The broker exclusively accepts cryptocurrency for deposits and withdrawals, which may be inconvenient for traders who prefer traditional payment methods.

Withdrawal fee $0Deposit fee $0
32EasyMarketsBonusUp to $2,000 deposit bonusBest For Active TradersRegulated by ASIC, FSC (BVI), CySEC +1Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Offers risk management tools

  • Provides a wide range of unique trading instruments

  • Provides a user-friendly platform

Cons

  • Limited customer support

  • Limited clientele's access to research and educational resources

33SpreadEX15,000 Tradable InstrumentsMin deposit $0Max leverage 1:30Regulated by FCAAdd to compare listRating 4.3 / 5Start trading
Pros, cons & fees
No minimum depositNo inactivity feeFinancial Times SubscriptionWebTrader PlatformTrading EducationRead review
Pros

  • No minimum deposit

  • No inactivity fees

  • 15000 tradable instruments

Cons

  • No MetaTrader Support

  • Limited availability

Withdrawal fee $0Deposit fee $0
34FxGiantsBonusUp to $4,000 deposit bonusBest For Auto TradingRegulated by FCAAdd to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Specialized trading accountsFree VPS hosting24/7 instant money withdrawalRead review
Pros

  • Strong Regulation: FXGiants is distinguished by its strong regulation under the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) in Australia. This regulatory oversight ensures that FXGiants adheres to strict financial standards and provides clients with high security and trust.

  • Diverse Range of Instruments: With FXGiants, traders gain access to a diverse range of instruments, including forex currency pairs, indices, stocks, energies, metals, bonds, commodities, cryptocurrencies, and shares.

  • Competitive Spreads: FXGiants offers competitive spreads, providing traders with favorable pricing conditions. These lower spreads can reduce trading costs, maximizing potential client profitability.

Cons

  • Doesn't Allow Hedging: Traders are not permitted to open opposing positions on the same instrument. While this restriction may not align with specific trading strategies that rely on hedging for risk management, alternative risk management approaches can be explored.

  • Limited Regional Availability: This restricted regional availability could be a drawback for traders who reside in those areas but wish to trade with FXGiants. Traders should ensure that their country of residence is eligible for opening an account with FXGiants before considering them as their preferred broker.

  • Inactivity Fees: FXGiants impose inactivity fees on dormant accounts. Traders who do not actively engage in trading may incur these fees, which could be a disadvantage for those who prefer a more passive trading approach. Traders need to be mindful of these fees and actively manage their accounts to avoid inactivity charges.

35ACY.comBonus60% welcome bonusBest Multi Asset CFD BrokerMin deposit 50$Max leverage 1:500Regulated by ASIC, FSA (SV)Add to compare listRating 4.2 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Multiregulated Broker: ACY operates under multiple regulatory jurisdictions, including ASIC, FSA (SV), Jordan Regulation, SVG, and FSCA.

  • Extensive Tradable Assets: ACY offers a vast selection of over 1,600 tradable products, allowing traders to diversify their portfolios.

  • Customer Support and Trader Education: ACY provides an extensive training portal, offering educational resources and support for traders at all levels of experience.

Cons

  • Commission-Based Trading Fees: The commission is only applicable to the ProZero account, which offers very low spreads. The commission is $3 per lot per round, with no additional trading fees during trading.

  • Slightly High Spreads on Standard Account: While ACY's standard account spreads are slightly higher than the industry average, the ProZero account offers lower spreads.

Withdrawal fee $0Deposit fee $0
36FP Trading Investor protectionFree VPS HostingMin deposit $50Max leverage 1:500Regulated by ASIC, CySEC, FIU +2Add to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accountsRead review
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)

Withdrawal fee $0Deposit fee $0
37CapitalcoreBinary Options and CFD TradingMin deposit $10Max leverage 1:2000Regulated by iFSAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 Customer ServiceVery High LeverageRead review
Pros

  • Ultra-High Leverage: Capitalcore offers one of the highest leverage in the industry. Traders can get much bigger positions with 1:2000 leverage when trading with Classic accounts.

  • Swap-Free Accounts & No Hidden Fees: The broker does not charge overnight swap interest or trading commissions on any instrument. The company also does not charge inactivity fees, withdrawal fees, and deposit fees unlike other brokers.

  • Binary Options and CFD Trading Options: Trade 35+ forex pairs, major stock indices, metals, cryptos, and even binary options.

Cons

  • Offshore Regulation: Capitalcore is not regulated by a tier -1 regulator. The company operates under an offshore IFSA regulation in St. Vincent & the Grenadines.

  • No MT4/MT5 or cTrader Support: The broker only offers proprietary platforms, with no MetaTrader or other third-party platforms for those who prefer industry-standard software or automated EA trading.

  • Limited Number of Tradable Assets: Capitalcore lacks many tradable assets. For example, the broker does not offer ETFs and only has limited commodities like no agricultural products.

Withdrawal fee $0Deposit fee $0
38BDSwiss1:2000 Max LeverageMin deposit $10Max leverage 1:2000Regulated by CySEC, FSC, FSA +2Add to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Low Minimum DepositMultiple Account TypesSocial tradingRead review
Pros

  • Wide Range of Instruments

  • Multiple Account Types

  • Competitive Spreads and Fees

Cons

  • Geographical Restrictions

  • No Copy Trading

Withdrawal fee $0Deposit fee $10
39DNA MarketsSpreads From 0.0 PipsMin deposit $100Max leverage 500Regulated by ASICAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Low Trading FeesNo Inactivity FeesRead review
Pros

  • Low Trading Fees: Offers low trading fees with spreads starting from 0.0 pips.

  • Tier-1 Regulated Broker: Regulated by ASIC, a tier-1 financial regulator.

  • Multichannel Support: Provides multiple channels for contacting support via phone, live chat, and email.

Cons

  • Only MT5 Available: The platform offering is limited to MT5. Traders seeking alternative platforms will need to trade with other brokers.

  • No Educational Resources: The absence of educational and research tools may limit the appeal to beginners seeking guidance.

  • No Proprietary Trading App: It does not offer a proprietary trading app, which could impact accessibility for mobile traders.

Withdrawal fee $0Deposit fee $0
40UnitedPipsBonus40% deposit bonus40 % bonusMin deposit $10Max leverage 1:1000Regulated by NoAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Specialized trading accountsPayPay for depositRead review
Pros

  • High leverage options (up to 1: 1000) for experienced traders.

  • Multiple account types to suit different trading needs.

  • User-friendly platforms, including mobile trading.

Cons

  • Limited information on regulatory licensing and oversight.

  • Located in St. Lucia, a jurisdiction that may raise regulatory concerns.

  • Lack of detailed information on fees or additional charges.

Withdrawal fee $0Deposit fee $0

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Our ranking methodology and selection process