Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

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
51zForexBonus20% deposit bonus1:1000 Max LeverageMin deposit $10Max leverage 1:1000Regulated by MISAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Affiliate ProgramMultilingual SupportMultiple Trading PlatformsRead review
Pros

  • High Leverage: zForex offers an extremely high leverage of 1:1000, giving traders much larger positions against small investments.

  • Low Minimum Deposit Fee: The broker offers a very low barrier to entry with just $10 in minimum deposits to start trading. Usually, brokers have a minimum deposit of $100+.

  • Swap-Free/Islamic Account Option: Swap-free trading account allows interest-free trading which is a great addition for Muslim traders.

Cons

  • No Top-tier Regulations: zForex is regulated in Mwali (by MISA), and lacks the strong oversight of top-tier regulators. The investor protection features are therefore comparatively limited.

  • High Deposit for Islamic/Swap-free Account: The minimum deposit for Islamic accounts is on a much higher end compared to standard trading accounts.

  • New Brokerage: zForex is a relatively new brokerage that started its operations in 2022. This could be a concern for traders who prefer trading with established brokerage firms.

52ZitaPlusBonus20% deposit bonus1:1000 Max LeverageMin deposit $250Max leverage 1:1000Regulated by FSC (BVI)Add to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Swap Free Islamic AccountsAffiliate Program24/5 Multilingual Customer ServiceRead review
Pros

  • B2B Broker: ZitaPlus also operates as a B2B broker, providing liquidity to other forex and CFD brokers.

  • Customized Services and Hedging: Customized services and excellent hedging conditions for high-volume traders. Hedging operational risks for institutional clients, including physical gold and oil merchants and companies worldwide.

  • Islamic/Swap-Free Account: Swap-Free accounts on ZitaPlus help Muslim traders trade while ensuring they are following their religious guidelines by not charging interest for holding positions overnight.

Cons

  • Offshore Regulation: Registered under the British Virgin Islands (BVI) Financial Services Commission (FSC), which does not offer top-tier investor protections unlike top-tier brokers.

  • Limited Track Record: A relatively new broker with limited historical performance and client feedback.

  • Limited Availability: ZitaPlus does not serve in many countries like the US, Japan, Turkey, Belarus, etc. Please check the availability status of the broker in your country.

53BullwavesBonus100% deposit bonus1:500 Max LeverageMin deposit $100Max leverage 1:500Regulated by FSA (SV)Add to compare listRating 4.1 / 5Start trading
Pros, cons & fees
24/7 Customer SupportAffiliate ProgramRead review
Pros

  • Diverse Account Types: Bullwaves caters to both beginner and advanced traders with a range of account options.

  • High Leverage: Maximum leverage up to 1:500, allowing traders to control larger positions.

  • 24/7 Multi-Channel Support: Available in multiple languages via live chat, email, and phone.

Cons

  • Not Regulated by Top-Tier Authorities: Lacks regulation from top-tier bodies like ASIC or FCA.

  • Limited Platform Options: Currently offers only MT5 instead MT4 or cTrader.

  • High Minimum Deposit: A $100 deposit requirement may deter small retail traders.

Withdrawal fee 0Deposit fee 0
54IQ OptionBest For CFDs TradingMin deposit 10$Max leverage 1:500Regulated by CySECAdd to compare listRating 4 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Strong Regulation

  • User-Friendly Platform

  • Good Educational Resources

Cons

  • Limited Availability

  • Limited Trading Platforms

  • Limited Account Types

Withdrawal fee 2%Deposit fee 0%
55Grand CapitalBonus40% deposit bonusFree VPS HostingMin deposit $10Max leverage 1:100Regulated by FSA, FSA (SV)Add to compare listRating 4 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalLow minimum depositRead review
Pros

  • Competitive Minimum Deposit: The minimum deposit required to open an account with Grand Capital is $10, a relatively low minimum deposit in the industry.

  • All-Inclusive Educational Resources: Grand Capital provides educational resources for traders of all levels. The broker has webinars, video tutorials, and publications that cater to different trading needs.

  • Flexible Leverage: Grand Capital stands out with its flexible leverage options ranging from 1:1 to 1:2000. This flexibility allows traders to manage their risk and exposure according to their trading strategy.

Cons

  • Weak Regulation and Licensing: The financial market is subject to many regulatory bodies, and the more license brokers can boast of, the more credible they appear. Unfortunately, Grand Capital is not as licensed as many top brokers in the financial market.

  • Limited Trading Platforms: Grand Capital only has three trading platforms; MT4, MT5, and Grand Trade.

Withdrawal fee $0Deposit fee $0
56SwissquoteBonus€100 cashbackBest Secure BrokerRegulated by FINMAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Regulated and licensed by multiple financial authorities

  • Offers a wide range of assets for trading

  • Provides advanced trading tools and platforms

Cons

  • Does not accept clients from some countries, including the United States

  • Has high minimum deposit requirements

  • Has limited leverage compared to some other brokers

57TickmillBonusWelcome Account by TickmillBest For High Balance TradersRegulated by FCA, FSAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accountsRead review
Pros

  • Regulated by multiple authorities, including FCA and CySEC

  • Low minimum deposit requirement

  • Offers a wide range of trading instruments, including cryptocurrencies

Cons

  • No social trading platform or copy trading feature

  • No fixed spreads are available

  • Limited options for account funding and withdrawal

58HotForexBonusRefer a Friend Program by HotForexBest For Biggest Offering of CFDsRegulated by CySEC, FIUAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • Multiple regulatory bodies regulate it.

  • Low spreads starting from 0.1 pips.

  • High leverage of up to 1: 1000 for professional clients.

Cons

  • Does not accept clients from the USA, Canada, Sudan, Syria, and North Korea.

  • Hot Forex's trading fees are slightly higher than average industry rates.

  • HFcopy requires a minimum investment of 300 EUR, often considered steep.

59xChief (ex. ForexChief)BonusNo-Deposit Bonus by xChiefBest For Contract TradingRegulated by VFSC, ASIC, MISAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Low minimum deposit requirement of $10 across all account types.

  • Beneficial trading terms such as low trade volume, starting at 0.01 lots, and tight spreads, starting from 0 pips.

  • Availability of multiple payment methods for deposits and withdrawals without any fees from the Broker's end.

Cons

  • Non-compliance with ESMA leverage capping may not be suitable for traders looking for low-risk options.

  • Unclear compensation levels in case of any mishap, with each case being reviewed separately.

  •  

60TradeNation (ex. Core Spreads)BonusMonthly Spread Rebate by Trade NationFixed Spreads AvailableMin deposit $0Max leverage 1:200Regulated by FCA, ASIC, FSCA +2Add to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Affiliate ProgramFixed Spreads AvailableRead review
Pros

  • Competitive, low-cost spreads

  • User-friendly platforms

  • Wide range of markets

Cons

  • Limited advanced trading tools

  • Fewer account types

  • Stock CFDs only, no direct stock trading

Withdrawal fee $0Deposit fee $0

Show More

Our ranking methodology and selection process