5 Best Forex Brokers in Cyprus
We’ve listed the 5 Best Forex Brokers in Cyprus that provide secure, transparent, and fully licensed access to global markets. Forex trading in Cyprus is legal and strictly overseen by the country’s reputable regulator, CySEC, which enforces EU-level protections under MiFID II. Traders in Cyprus also value brokers regulated by other top-tier bodies such as the 🇬🇧 FCA and 🇦🇺 ASIC, known for strong oversight and client-fund safeguards. These regulators ensure segregated accounts, fair-execution rules, and robust platform monitoring. Cyprus-based traders can access major and minor forex pairs, plus CFDs on indices, commodities, cryptocurrencies, and international shares – all through brokers offering competitive spreads, fast execution, and intuitive, high-performance trading platforms.
5 Best Forex Brokers in Cyprus (2025)
- FP Markets – Overall, the Best Forex Broker in Cyprus.
- Axi – Tight spreads with ECN-style execution.
- Libertex – Fully regulated under CySEC in the EU.
- XM – Beginner-friendly with solid education.
- Pepperstone – Great for scalping and automated trading.
10 Best Forex Brokers – Globally
Pros and Cons of Forex Brokers in Cyprus – Immediate Advantages and Disadvantages
| ✓ Pros | ✕ Cons |
| Regulated under strict EU MiFID II standards via 🇨🇾 CySEC. | Leverage limits apply to retail traders under EU rules. |
| Access to globally recognized brokers licensed across the EU. | Some brokers may restrict certain products for EU clients. |
| Strong client protection: segregated funds and negative balance protection. | Tightened compliance requirements can slow account verification. |
| Wide range of forex and CFD markets available to Cypriot traders. | Higher regulatory costs may lead to slightly higher trading fees with some brokers. |
| Advanced platforms, fast execution, and transparent pricing. | Offshore brokers still target EU traders, posing risk if chosen. |
Forex trading in Cyprus is fully legal and supported by a robust, EU-aligned regulatory framework. Oversight from 🇨🇾 CySEC, combined with the protections of MiFID II, ensures strict standards for transparency, investor safety, and operational integrity. Traders in Cyprus benefit from regulated access to major global brokers, tight spreads, secure fund handling, and advanced trading platforms – Cyprus is one of the most established forex hubs in Europe.
1. FP Markets
FP Markets operates as a globally recognized Forex and CFD broker. It holds strong multi-jurisdictional regulation and actively welcomes traders from 🇨🇾 Cyprus. The broker delivers competitive pricing, fast execution, and a wide selection of trading platforms suitable for both beginners and experienced traders.
| What It Offers | Why It Matters |
| CySEC oversight 🇨🇾 | Legal access for Cyprus traders |
| Low spreads | Better cost efficiency |
| Fast execution | Improved trade accuracy |
| Multiple platforms | Flexible trading style |
| Global liquidity | Strong price stability |
 | Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes |
Frequently Asked Questions
Is FP Markets regulated to serve traders in Cyprus?
Yes. FP Markets operates under multiple regulators, including 🇦🇺 ASIC and 🇨🇾 CySEC. The CySEC authorization allows it to legally serve traders in Cyprus. The broker meets strict European standards, provides client fund protection, and maintains a transparent operating framework for Cyprus-based clients.
Does FP Markets accept Forex traders who live in Cyprus?
Yes. FP Markets actively accepts Forex traders from 🇨🇾 Cyprus. Cypriot traders gain access to deep liquidity, low spreads, fast order execution, and leading platforms like MetaTrader. The broker maintains compliant onboarding procedures for Cyprus residents and supports them with multilingual service.
| Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| CySEC supervised | Market volatility risk |
| Tight spreads | Limited crypto options |
| Fast execution | No local Cyprus office |
| Strong liquidity | Learning curve for beginners |
| Multiple platforms | Platform choice may overwhelm |
Our Insights
FP Markets stands out as a fully compliant and trader-friendly choice for residents of 🇨🇾 Cyprus. It offers competitive fees, strong regulation, flexible platforms, and fast execution. The broker provides a reliable trading environment that appeals to both beginners and skilled traders seeking global market access.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
2. Axi
Axi operates as a globally regulated Forex broker that actively accepts traders from 🇨🇾 Cyprus. It is subject to strong international oversight, offers competitive spreads, and provides platforms suitable for beginners and experienced traders. Its execution quality and supportive environment make it appealing to clients based in Cyprus.
| What It Offers | Why It Matters |
| Strong global regulation | Added trader confidence |
| Accepts Cyprus clients 🇨🇾 | Easy account access |
| Tight spreads | Lower trading costs |
| Fast execution | Better trade precision |
| MetaTrader platforms | Flexible trading experience |
 | Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Frequently Asked Questions
Is Axi regulated to serve Forex traders in Cyprus?
Yes. Axi operates under multiple regulators, including 🇦🇺 ASIC and 🇬🇧 FCA, which enforce strict trading standards. Although Axi does not hold a 🇨🇾 CySEC licence, it still legally accepts Cyprus traders under its international entities while maintaining strong client protections.
Does Axi accept Forex traders living in Cyprus?
Yes. Axi accepts traders from 🇨🇾 Cyprus through its international regulated entities. Cypriot clients gain access to tight spreads, fast execution, and MetaTrader platforms. Axi maintains transparent onboarding, supports various trading styles, and offers reliable multilingual assistance for Cyprus-based traders.
| Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong global oversight | No CySEC licence |
| Tight spreads | Limited platform variety |
| Fast execution | No local Cyprus office |
| Good liquidity | Limited crypto offering |
| Accepts Cyprus clients | Learning curve for beginners |
Our Insights
Axi stands out as a globally trusted and trader-friendly broker that accepts clients from 🇨🇾 Cyprus. It offers tight spreads, strong oversight, and dependable execution. Despite not holding a CySEC licence, it remains a secure and competitive choice for Cyprus traders seeking global market access.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3. Libertex
Libertex operates as a fully regulated Forex and CFD broker under 🇨🇾 CySEC with licence number 164/12. It actively accepts Cyprus traders, maintains strong investor protections, and offers a wide range of instruments. Its regulated framework and flexible platforms make it appealing to many Cyprus-based clients.
| What It Offers | Why It Matters |
| CySEC licence 🇨🇾 | Fully regulated access |
| Forex and CFD trading | Wide market exposure |
| Crypto assets | Extra diversification options |
| EU investor protections | Strong client safety |
| Multiple platforms | Flexible trading methods |
 | Minimum Deposit: $10 Regulated by: Not Regulated Crypto: Yes |
Frequently Asked Questions
Is Libertex regulated to serve traders in Cyprus?
Yes. Libertex holds a full licence from 🇨🇾 CySEC, which authorizes it to operate legally in Cyprus. It follows strict European client protection rules, maintains segregated funds, and provides secure access to Forex and CFD markets for all Cyprus residents who choose to trade with the broker.
Does Libertex accept Forex traders living in Cyprus?
Yes. Libertex actively accepts traders from 🇨🇾 Cyprus under its Cyprus-regulated entity. Cyprus clients gain access to Forex, CFDs, crypto assets, and multiple platforms. The broker follows transparent onboarding rules and offers a regulated environment that supports traders who want secure access to global financial markets.
| Minimum Deposit: $10 Regulated by: Not Regulated Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| CySEC regulated | Occasional withdrawal delays |
| Wide asset selection | High leverage increases risk |
| Crypto trading available | Some fees lack transparency |
| Strong investor protections | Fewer assets than some rivals |
| Multiple trading platforms | Learning curve for beginners |
Our Insights
Libertex stands out as a fully regulated and accessible broker for traders in 🇨🇾 Cyprus. It offers strong investor protections, multiple platforms, and diverse asset choices. Its CySEC approval makes it a reliable option for Cyprus traders seeking a compliant and efficient trading environment.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Top 3 Forex Brokers in Cyprus – A Forex Face-Off
| Broker |  |  |  |
| Minimum Deposit | 100 AUD | 0 - 25,000 USD | 10 USD |
| Spreads From | 0.0 pips | 0.0 pips | From 0.0 pips (EUR/USD) |
| Commissions | Commission-free on some accounts | $7 round trip (Pro/Elite) | Varies by instrument/platform |
| Leverage | Up to 1:500 | Up to 1:500 (varies by entity) | Up to 1:1000 |
| Regulators | 🇦🇺 ASIC 🇨🇾 CySEC 🇿🇦 FSCA 🇸🇨 FSA 🇲🇺 FSC 🇰🇪 CMA | 🇦🇺 ASIC 🇬🇧 FCA 🇦🇪 DFSA 🇻🇺 VFSC | 🇿🇦 FSCA 🇲🇺 FSC 🇻🇺 VFSC |
| Open an Account |  | | |
4. XM
XM operates as a fully regulated Forex and CFD broker under 🇨🇾 CySEC with licence number 120/10. It legally serves traders in Cyprus, follows strict European protection rules, and offers a wide range of instruments. Its regulated framework makes it attractive to Cyprus-based beginners and experienced traders.
| What XM Offers | Why It Matters |
| CySEC licence 🇨🇾 | Fully regulated access |
| Forex and CFDs | Wide market exposure |
| Segregated funds | Strong client safety |
| Low minimum deposit | Easy entry for beginners |
| MT4 and MT5 platforms | Flexible trading experience |
 | Minimum Deposit: $5 Regulated by: FSC Crypto: Yes |
Frequently Asked Questions
Is XM regulated to serve Forex traders in Cyprus?
Yes. XM operates through Trading Point of Financial Instruments Ltd, which holds a valid 🇨🇾 CySEC licence that authorizes it to serve traders across Cyprus. The broker follows MiFID rules, enforces segregated funds, and maintains strong compliance to protect Cyprus clients who trade global markets.
Does XM accept Forex traders living in Cyprus?
Yes. XM actively accepts clients from 🇨🇾 Cyprus under its CySEC-regulated entity. Cyprus traders gain access to Forex, CFDs, and global markets with full EU protection. The broker provides secure onboarding, transparent conditions, and reliable platforms for traders who want regulated and efficient market access in Cyprus.
| Minimum Deposit: $5 Regulated by: FSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| CySEC regulated | Spreads widen during volatility |
| Wide instrument range | Limited crypto availability |
| Low minimum deposit | EU leverage restrictions |
| Strong global presence | Verification delays possible |
| MT4 and MT5 platforms | No advanced institutional features |
Our Insights
XM stands out as a fully regulated and trustworthy broker for traders in 🇨🇾 Cyprus. It offers strong investor protections, wide market access, and user-friendly platforms. CySEC regulation ensures a compliant and safe trading environment for Cyprus residents seeking transparent and stable trading conditions.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5. Pepperstone
Pepperstone operates in Cyprus under its EU arm, regulated by the Cyprus Securities and Exchange Commission (CySEC) via Pepperstone EU Limited. That regulation gives traders in Cyprus full legal access to Pepperstone’s forex and CFD services under EU financial rules.
| Feature | What it means |
| Regulatory status | Fully licensed by CySEC under Pepperstone EU Limited (Licence 388/20) |
| Availability | Pepperstone accepts clients living in Cyprus |
| Investor protection | Client funds are segregated; CySEC rules apply |
| Products and markets | Forex commodities indices shares ETFs cryptos, and more |
| Platforms and account types | MT4, MT5, cTrader, TradingView; Standard and Razor accounts including Islamic swap‑free |
 | Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Frequently Asked Questions
Is Pepperstone regulated for Cyprus traders?
Yes. Pepperstone holds a valid CySEC licence (Licence No. 388/20) through Pepperstone EU Limited. That licence authorizes it to service clients across the European Economic Area – including Cyprus.
Can someone living in Cyprus open and use a Pepperstone trading account?
Yes. Residents of Cyprus can open a trading account with Pepperstone. The broker accepts Cyprus‑based clients and provides full access to its platforms and services under CySEC regulation.
| Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| CySEC regulated | No Cyprus office |
| Wide product range | High CFD risk |
| Segregated funds | Low leverage for retail |
| Multiple platforms | No bonuses |
| Negative balance protection | High-risk professional accounts |
Our Insights
Pepperstone delivers a fully regulated, secure, and accessible forex trading service for Cyprus residents under CySEC. Its broad asset selection, reputable platforms, and strong regulatory safeguards make it a reliable choice – especially for traders seeking transparency and compliance in the EU.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
5 Best Forex Brokers in Cyprus – A Comparison
| Supports MT4, MT5, cTrader, and TradingView. Strong CySEC regulation for EU traders. | |  |
| Regulated in multiple top-tier jurisdictions. Tight spreads with ECN style execution. | | |
| Zero-spread, commission-based pricing. Simple, user-friendly proprietary platform. | | |
 | Very low minimum deposit. Strong CySEC oversight for EU clients. | | |
 | Strong fund security and EU protections. Ultra-low spreads and fast execution. | | |
Forex Trading in Cyprus – Quick Overview
Forex trading in Cyprus has grown thanks to the country’s strong regulatory framework, favourable tax environment, and its position as a major European financial hub. The Cyprus Securities and Exchange Commission (CySEC) oversees all Forex brokers operating in the country, ensuring transparency, client protection, and fair trading conditions.
Because Cyprus is part of the EU, traders benefit from strict MiFID II standards, negative balance protection, and segregated client funds. The country also hosts many well-known international Forex brokers, offering access to tight spreads, advanced platforms, and multilingual customer support.
Combined with a well-developed financial services industry and broad educational resources, Cyprus has become a leading destination for Forex traders in Europe and beyond.
Pros and Cons of Forex Trading in Cyprus
| ✓ Pros | ✕ Cons |
| Strong CySEC regulation | Market volatility risk |
| EU-level investor protections | Some brokers restrict high leverage |
| Large choice of international brokers | Tax rules may vary by trader |
| Competitive trading conditions | Overcrowded broker market |
| Advanced trading platforms available | Learning curve for beginners |
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In Conclusion
Forex trading in Cyprus offers a secure, regulated, and highly competitive environment for both beginners and advanced traders. With CySEC’s strong oversight, access to global brokers, and investor protection frameworks, traders can participate in the market with confidence. While Forex still carries risk and requires proper education, Cyprus stands out as one of the most reliable and well-supported regions for retail and professional Forex trading within the EU.
Faq
Yes. Forex trading is legal and regulated by CySEC, which licenses all brokers operating in the country.
Yes. Traders benefit from segregated accounts, negative balance protection, and the Investor Compensation Fund.
Absolutely. Many CySEC brokers operate globally and accept traders from numerous countries.
Yes, but the tax structure is relatively favourable compared to other EU states. Tax obligations depend on residency and income type.
Generally, yes. CySEC is a reputable EU regulator with strict compliance and consumer protection rules.
