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Home » Forex Brokers » By Country » Cyprus

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.

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OneRoyal
trusted
Not available in
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1
OneRoyal
0 customer reviews
Rating
4.8
/ 5
Expand
  • Copy and Social Trading
  • Very Low Minimum Deposit
  • Multi Tier-1 Regulated Broker
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$0
  • Deposit fee$0
  • Max Leverage1:1000
Start trading
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XM
trusted
Not available in
Country Flag
2
XM
35 customer reviews
Rating
4.8
/ 5
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  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
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$0
  • Deposit fee$0
  • Max Leverage1:1000
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FxGlory
trusted
Not available in
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3
FxGlory
10 customer reviews
Rating
4.8
/ 5
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  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:3000
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VT Markets
trusted
Not available in
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4
VT Markets
1 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
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$0
  • Deposit fee$0
  • Max Leverage1:1000
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Libertex (Europe)
trusted
Not available in
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5
Libertex (Europe)
9 customer reviews
Rating
4.7
/ 5
Expand
  • Affiliate Program
  • Very Low Commissions
  • Proprietory Trading Platform
  • Real Stock Options
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 feeLow (depends on platform)
  • Deposit fee€0
  • Max Leverage1:30
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84% of retail investor accounts lose money when trading CFDs with this provider.
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PU Prime
trusted
Not available in
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6
PU Prime
10 customer reviews
Rating
4.6
/ 5
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  • 24/7 Multilingual Customer Service
  • Proprietary Copy Trading App
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$0
  • Deposit fee$0
  • Max Leverage1:1000
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Forex.com
trusted
Not available in
Country Flag
7
Forex.com
20 customer reviews
Rating
4.6
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
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$0
  • Deposit fee$0
  • Max Leverage1:50
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75% of retail investor accounts lose money when trading CFDs with this provider.
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DuraMarkets
trusted
Available in
Country Flag
8
DuraMarkets
0 customer reviews
Rating
4.5
/ 5
Expand
  • 24/5 Customer Support
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

  •  

  • 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$0
  • Deposit fee$0
  • Max Leverage1:500
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OANDA
trusted
Available in
Country Flag
9
OANDA
13 customer reviews
Rating
4.5
/ 5
Expand
  • Exceptional Execution
  • US Clients
  • Scalping
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

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
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AXITrader
Not available in
Country Flag
10
AXITrader
115 customer reviews
Rating
4.5
/ 5
Expand
  • 24/7 instant money withdrawal
  • Free VPS hosting
  • Specialized trading accounts
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

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
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Our ranking methodology and selection process