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.
Pros, cons & fees
350+ Tradable CFDs: Access to forex, stocks, indices, cryptocurrencies, commodities, and metals.
Mobile and Desktop Trading Apps: AirMarkets both mobile and web trading applications.
Fusion Indices: Specialized gold, silver, and palladium indices provide additional market exposure (learn more on broker’s website).
Offshore Regulation: The broker operates through a Comoros entity under MISA, which provides a different level of regulatory protection from major regulators such as the FCA, ASIC, or CySEC.
Limited Public Trading Conditions: Minimum deposits, spreads, leverage, and detailed account conditions are not clearly displayed on the current public website.
Limited Track Record: The broker is a new entrant to the market. Therefore, not a lot of information is available about it.
Pros, cons & fees
Extensive Number of Tradable Assets: SmartSTP offers 350+ tradable assets across metals, commodities, forex, crypto, stocks, and indices.
Multilingual 24/5 Customer Support: The broker offers customer service via live chat, calls, and email in 8 languages from Monday to Friday.
Proprietary Trading Platform: Powerful and easy-to-access proprietary trading platform powered by TradingView to stay on top of market trends.
No MetaTrader 4 or 5 Available: SmartSTP does not offer MetaTrader 4 or MetaTrader 5 trading platforms.
High Initial Deposit: The initial deposit of $250 is slightly higher than many other brokers.
Offshore Regulated Broker: The company is regulated by FSC Mauritius, which is an offshore regulatory body.
Pros, cons & fees
User Friendly Proprietary Platform: The broker offers an intuitive web-based trading platform and mobile app with TradingView integration. The mobile and web apps are easy to use and highly accessible.
Extensive Variety of Tradable Assets: Access over 300 CFD instruments including forex pairs, global indices, commodities, stocks, metals, and cryptocurrencies from a single trading account.
Tiered Account Structure: Three clearly defined account levels (Silver, Gold, VIP) with progressive benefits including swap discounts up to 60% and tighter spreads for higher tiered accounts.
Offshore Regulation Only: MISA (Comoros) is an offshore regulator with limited oversight.
No MetaTrader Support: The broker does not offer MT4 or MT5 platforms which may disappoint traders who are more accustomed to these platforms.
Higher Minimum Deposit: Minimum deposit of $250 USD is slightly higher than many brokers usually offer. However, there is an option of a demo account for a risk-free approach.
Pros, cons & fees
Extensive Range of Tradable Assets: FirstECN offers 300+ CFD instruments across forex, stocks, indices, commodities (including precious metals), and cryptocurrencies.
High Leverage & Spreads: The broker offers leverage of up to 1:200 for all account tiers.
Low Spreads: FirstECN generally offers low spreads starting from 1.2 pips to 1.9 pips depending on the trading account type.
Offshore Regulation: The company is regulated by MISA, which is an offshore regulator. Thus, it lacks the strict oversight and regulatory framework of EU regulators.
No MetaTrader Platforms: The broker does not offer MetaTrader 4 or 5 unlike most brokers.
No Swap-Free/Islamic Account: FirstECN offers swap discounts on different account tiers, but lacks a swap-free Islamic account.
IG
Investor protectionBonusRefer a Friend Reward by IG
FCA RegulatedMin deposit $250Max leverage 1:200Regulated by FCA, ASIC, MASAdd to compare list4.1 / 5Start tradingPros, cons & fees
Competitive Spreads: IG offers some of the most competitive spreads in the industry, especially for major forex pairs.
Wide Range of Assets: IG offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
Regulated Broker: IG is regulated by several reputable authorities, including the FCA and ASIC, providing traders with security and trust.
Limited Payment Options: IG offers limited payment options, which may be inconvenient for some traders.
Inactivity Fee: IG charges an inactivity fee of £12 per month if there is no trading activity for two years or more, which may deter some traders.
No Social Trading: IG does not offer social Trading, which may be a disadvantage for traders who prefer to follow and copy the trades of successful traders.
Pros, cons & fees
Extensive Range of Tradable Assets: The broker offers an extensive range of CFDs with more than 350+ instruments spread between forex, crypto, commodities, metals, indices, and stocks.
MT4 and MT5 Trading Platforms: Access to industry leading MetaTrader 4 and MetaTrader 5 trading platforms.
Floating Spreads and Low Trading Fees: TradeEU Global offers low spreads and discounted swap fees (on Gold and Silver Account tiers). You are not charged inactivity fees unlike other brokers usually charge.
Offshore Regulations: TradeEU Global has an offshore FSC Mauritius regulation. The broker does not have any tier-1 regulators, thus lacks advanced security features you usually see with ASIC and FCA regulated brokers.
Slightly High Initial Deposit: You can start trading after submitting an initial deposit of $250, which is slightly higher than many other brokers.
Pros, cons & fees
Extensive Range of Tradable CFDs: SuxxessFX offers around double (320+ in total) the number of tradable assets you usually get from a broker.
No Withdrawal, Deposit, and Inactivity Fees: The trading fees from SuxxessFX are very straightforward with no fees on withdrawals, deposits, and inactivity.
Proprietary Mobile and Browser Trading Apps: Instead of third-party trading platforms, SuxxessFX offers proprietary WebTrader and mobile trading apps.
No MetaTrader 4 or MetaTrader 5 Options: MetaTrader 4 and MetaTrader 5 are super popular trading platforms among traders. SuxxessFX does not offer these platforms.
Lack of Educational Resources: Brokers usually have extensive material for traders on their websites. SuxxessFX has a brief FAQs section on their website instead.
Offshore Regulation: Even though the company is registered in Cyprus, the company operates under FSA Seychelles regulation. It could be a step to avoid strictness tier-1 regulatory bodies usually have.
Pros, cons & fees
A Wide Range of Tradable Assets: TradGrip offers around 250 tradable assets including forex, cryptocurrencies, stocks, commodities, indices, and ETFs.
Multiple Tiered Accounts for All Traders: You get the option to choose from 3 live trading accounts Silver, Gold, and Platinum and a demo account.
WebTrader and Proprietary Mobile App: Trade with the browser based WebTrader or trade from the company’s proprietary mobile trading app.
No Swap Free or Islamic Accounts: Swap-free or Islamic accounts are not available on TradGrip. All the accounts charge swap fees for overnight positions. However, swap discounts are available on Gold and Platinum accounts.
Offshore Regulation: TradGrip is regulated by MISA in the Union of Comoros. MISA is not a tier 1 regulator.
No MT4 or MT5 Options: TradGrip offers WebTrader and does not offer MetaTrader 4 and MetaTrader 5 trading platforms.
Pros, cons & fees
Extensive Range of Tradable Assets: CapPlace offers around 300 tradable assets ranging from forex, cryptocurrencies, stocks, commodities, indices, and ETFs.
Tiered Accounts for All Traders: You get the option to choose from 3 live trading accounts (Silver, Gold, and Platinum) and a demo account.
Mobile App and WebTrader: Trade with the browser-based WebTrader or trade from the company’s app on Android and iOS devices.
No Swap-Free or Islamic Accounts: Swap-free or Islamic Accounts are not available on CapPlace. All the accounts charge swap fees for overnight held positions.
Offshore Regulation: CapPlace is regulated by MISA in the Union of Comoros. MISA is not a tier-1 regulator.
No MT4 or MT5 Options: CapPlace does not offer MetaTrader4 and MetaTrader5 trading platforms.
Pros, cons & fees
Extensive range of tradable instruments: With over 160 CFD instruments available, including stocks, forex, indices, commodities, metals, and cryptocurrencies, traders have ample options to diversify their investment portfolio.
Commission-free trading: There are no commissions on standard trades as the broker earns from spreads, which are also very competitive (starting ~0.9 pips). This transparent fee model means lower and straightforward costs for traders.
24/7 Multilingual Customer Support: Customer support is accessible 24/7 in four languages to help traders access support in their preferred language.
Offshore Regulation: Savexa is regulated in Mwali (Comoros) instead of a tier-1 regulatory jurisdiction. The broker is offshore regulated which means the investors do not get the tier-1 investor protection features.
Lack of MetaTrader Platforms: Savexa does not offer the popular MetaTrader 4 or 5. Many seasoned brokers prefer using MetaTrader for their trades instead of WebTrader.
Limited Advanced Strategies: The broker does not allow advanced strategies like scalping and arbitrage trading. Lack of MetaTrader further means copy trading and auto trading are absent as well.
Our ranking methodology and selection process