Looking for the best forex brokers in Cyprus? From our reviews of 30+ brokers we picked the 7 that serve Cypriot traders under a CySEC licence, several of them headquartered on the island, with practical tips from our experts.
Cyprus is the home of European forex: the Cyprus Securities and Exchange Commission (CySEC) licenses more retail brokers than any other EU regulator, and many of the biggest names are headquartered in Limassol. For a trader in Cyprus that means local offices, Greek and English support, euro accounts and the full ESMA protections. We reviewed the brokers on FXCOINZ and picked seven that serve Cypriot clients through a CySEC-regulated entity. Each entry links to our full review.
XM is a Limassol-based broker regulated by CySEC (licence 120/10), ASIC and the FCA, offering MetaTrader 4 and 5 with a $5 minimum deposit and no deposit or withdrawal fees. Its education programme, webinars and multilingual support are among the strongest for newer traders, and the local presence matters for Cypriot clients.
Headquartered in Cyprus, CySEC-licensed since 2010, and the lowest entry point on this list.
Exness runs its European business from Limassol under CySEC licence 178/12, alongside FCA and other licences worldwide. Traders get MetaTrader 4 and 5 and the Exness Terminal, very tight spreads, instant withdrawals and 24/7 support. The EU entity trades under ESMA leverage caps.
One of the largest brokers in the world, run from Cyprus, with pricing and withdrawals few rivals match.
FXTM (ForexTime) is headquartered in Limassol and regulated by CySEC (185/12), the FCA and the FSCA. It offers MetaTrader 4 and 5, a $50 minimum deposit, strong educational content and support in many languages, with account types from cent accounts to ECN pricing.
A Cyprus-born broker with tier-1 licences and a well-regarded education programme.
FxPro has been in Limassol since 2006 and holds CySEC licence 078/07 alongside FCA and FSCA authorisation. It runs a no-dealing-desk model on MetaTrader 4, MetaTrader 5 and cTrader, with no minimum deposit and TradingView connectivity for cTrader accounts.
A long-standing Cypriot broker with NDD execution and a broad platform choice.
IC Markets serves Cypriot clients through IC Markets (EU) Ltd, CySEC licence 362/18, bringing its raw-spread ECN pricing, deep liquidity and MetaTrader 4, MetaTrader 5 and cTrader to the EU under ESMA rules. The $200 minimum deposit is higher than most, but execution quality is the draw.
The tightest spreads on this list, available in Cyprus through a CySEC entity.
Plus500 serves Cyprus through Plus500CY Ltd, CySEC licence 250/14, on its own simple WebTrader and mobile apps with commission-free CFD trading across thousands of instruments and a $100 minimum deposit. It suits traders who want a clean interface over advanced tooling.
The simplest platform on the list, with a Cypriot licence and no commissions.
eToro (Europe) Ltd is CySEC-licensed (109/10) and serves Cypriot clients with real stocks and ETFs commission-free, crypto, and CFDs with copy trading built in. The platform is aimed at investors rather than chart traders and the $50 minimum keeps it accessible.
The only broker here offering real share ownership and copy trading under a Cypriot licence.
Start with the entity, not the brand: a broker serving Cyprus should onboard you through an EU-authorised company, which means a CySEC, BaFin, FCA or comparable licence and the investor protections that come with it. Then check the practical things that decide your day-to-day experience: account currency and deposit methods that work locally, support and a platform in your language, spreads on the pairs you trade, and whether the broker offers real shares or CFDs only. For Cypriot residents a Limassol-based broker also means local support hours and euro deposits without conversion.
Compare the all-in cost of a round trip on EUR/USD and on the index or share you trade most: the spread, any commission per lot, and the overnight financing rate. Add the fees outside the trade: currency conversion when the account is not in euros, withdrawal charges, and inactivity fees, which most brokers on this list apply after a few months without trading. A broker that advertises zero commission recovers it in the spread, so the headline number alone tells you little.
Every broker here is licensed by at least one tier-1 authority, but the entity that will hold your account is what matters. Take the licence number from the broker's legal pages and look it up on the regulator's own register: CySEC publishes its register at cysec.gov.cy, and the FCA and ASIC registers cover the UK and Australian entities. The register shows whether the company is authorised, which services it may offer and whether it passports into Cyprus under EU rules. If the number is missing or the entity is offshore, walk away.
Client money is held in segregated accounts, leverage is capped for retail clients so a single trade cannot wipe you out, negative balance protection stops you owing the broker money, and an investor compensation scheme covers a portion of your funds if the firm fails. You also get a regulator to complain to, and marketing rules that limit the bonus-driven sales tactics common offshore.
Avoid brokers that onboard Cyprus residents through an offshore entity to offer higher leverage, platforms without a licence number on the site, deposit bonuses tied to trading-volume conditions, and any firm that discourages withdrawals. Be wary of a local phone number and language support standing in for regulation; the licence, not the office, is what protects you.
Forex trading in Cyprus means buying and selling currency pairs, almost always as CFDs through a broker authorised in the EU. Retail clients trade under ESMA rules: leverage capped at 1:30 on major pairs, negative balance protection and standardised risk warnings. Profits are taxable in Cyprus, so keep your statements and check the local rules on how trading income is treated.
Trading involves significant risk. Rankings include partner links.