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6 Best CySEC Regulated Forex Brokers

Last Update: June 26th, 2024

The 6 Best CySEC Regulated Forex Brokers

 

The 6 best CySEC Regulated Forex Brokers revealed. We have explored and tested several prominent Forex brokers to identify the 6 best. We examined the CySEC broker-regulated list and did a CysSEC license check.

 

In this in-depth guide, you’ll learn:

  • What is a CySEC-regulated Forex broker?
  • Who are the best CySEC-regulated brokers?
  • Pros and cons of each CySEC broker on our best 6 CySEC list.
  • Popular FAQs about CySEC-regulated Forex brokers.
  • What is a CySEC warning list?

 

And lots more…

So, if you’re ready to go “all in” with 6 best CYSEC-regulated Forex brokers…

Let’s dive right in…

 

The 6 Best CySEC Regulated Forex Brokers

  1. ☑️AvaTrade – Best commodity Trading Platform.
  2. ☑️Exness – Best for ForexTrading.
  3. ☑️Just Markets – Best for Professional Traders.
  4. ☑️XM– Best Trading Platform.
  5. ☑️Oanda – Best for Professional Traders.
  6. ☑️ Pepperstone – Best Trading Platform.

 

🏆 10 Best Forex Brokers

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

What is a CySEC-regulated Forex broker?

A CySEC-regulated Forex broker adheres to strict standards set by the Cyprus Securities and Exchange Commission (CySEC).

Offering transparent trading platforms, secure transactions, and investor protection, they ensure compliance with European Union regulations.

Clients benefit from a reliable, regulated environment, fostering trust and confidence in their financial dealings.

 

Top 6 CySEC Regulated Forex Brokers

🔎Broker Name👉 Open Account💻Account Types💰Minimum Deposit💻 Demo Account
AvaTrade👉 Open AccountStandard AccountFrom 100 USD
Exness👉 Open AccountStandard Cent
Standard
Raw Spread
Pro
Zero
From 200 USD
Just markets👉 Open AccountStandard Cent
Standard
Raw Spread
Pro
From 100 USD
XM👉 Open AccountMicro account
Standard account
Shares account
From 5 USD
OANDA👉 Open AccountStandard, Core, Swap-Free, Premium, Premium CoreFrom 0 USD
Pepperstone👉 Open AccountStandard account
Razor account
From 200 USD

 

AvaTrade

They are a globally recognized Forex broker and is regulated by CySEC (Cyprus Securities and Exchange Commission), ensuring adherence to stringent regulatory standards.

Their trading platforms include the popular MetaTrader 4 and MetaTrader 5, as well as AvaTradeGO, which cater to both novice and experienced traders.

AvaTrade

With competitive spreads starting as low as 0.9 pips, AvaTrade offers favourable trading conditions across a wide range of currency pairs, indices, commodities, and cryptocurrencies.

Traders can choose from various account types, including standard, demo, Islamic, and professional accounts, each tailored to different trading styles and preferences. AvaTrade’s commitment to transparency and security is further reinforced by its robust risk management protocols and client fund segregation.

With multilingual customer support and a comprehensive educational resource center, AvaTrade strives to empower traders with the knowledge and tools needed to succeed in the dynamic world of Forex trading.

 

Unique Features

FeatureInformation
🏛️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
📲 Social Media PlatformsInstagram
Facebook
Twitter
You Tube
💻 Trading AccountsRetail Account, Professional Account
📊 Trading PlatformsAvaTradeGO
AvaOptions
AvaSocial
MetaTrader 4
MetaTrader 5
DupliTrade
ZuluTrade
💰 Minimum Deposit$100
📉 Trading AssetsForex
Stocks
Commodities
Cryptocurrencies
Treasuries
Bonds
Indices
Exchange-Traded Funds (ETFs)
Options
Contracts for Difference (CFDs)
Precious Metals
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes (Dubai)
👉 Open Account👉 Open Account

 

Pros and Cons

✅ Pros❌ Cons
AvaTrade provides traders with a trading environment that can be profitable.Variable spreads are not available at this time.
There are Islamic and demo accounts to choose from.Only two types of trading accounts are available.
Since its founding, AvaTrade has established a strong reputation and won multiple awards.There is a penalty for inactivity on dormant accounts.
On financial markets, there are roughly 1,250 traded assets available.
Skilled traders can access the basic trading tools at AvaTrade.
There are numerous intricate and innovative trading tactics up for review.

 

Trust Score

AvaTrade has a high trust score of 96%.

 

Exness

The broker operates under the regulation of CySEC (Cyprus Securities and Exchange Commission), ensuring compliance with stringent financial standards. With competitive spreads starting from 0.0 pips.

They offer traders favorable trading conditions across a diverse range of currency pairs, metals, cryptocurrencies, and indices.

Exness

Exness prioritizes customer support, offering multilingual assistance 24/7 via live chat, email, and phone, ensuring traders receive timely and comprehensive assistance whenever needed.

Moreover, Exness provides clients with a user-friendly trading platform, including MetaTrader 4 and MetaTrader 5, as well as the proprietary Exness Trader app, catering to both desktop and mobile traders.

With a commitment to transparency, security, and client satisfaction, Exness aims to empower traders worldwide to achieve their financial goals with confidence.

 

Unique Features

Feature Information
🏛️ RegulationFCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
💻 Trading AccountsIG Trading Account
Limited Risk Account
Islamic Account (Dubai traders only)
Demo Account
📊 Trading PlatformsMetaTrader 4
IG Platform
ProRealTime (PRT)
L2 Dealer
FIX API
💰 Minimum Deposit$250
📉 Trading AssetsForex
Indices
Shares
Commodities
Cryptocurrencies
Futures
Options
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?❌ No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes (Dubai customers only)
👉 Open Account👉 Open Account

 

Pros and Cons

✅ Pros ❌ Cons
Any trader can adjust leverage to fit their trading style and risk tolerance.Regulations vary throughout the regions in which Exness operates.
Before making an investment in the actual market, traders can practise handling virtual money by demoing an account.Some expert traders might feel that the platform's highly configurable trading tools and capabilities aren't as good as those of other specialty platforms. This represents a very tiny portion of traders, nevertheless.
Exness has received recognition for its policy of fully disclosing trading conditions, spreads, and costs.Although customer service agents strive to be reachable at all times, there may be variations in the promptness and quality of their responses.
Exness doesn't impose fees for deposits or withdrawals.Because of its possible intricacy and sophistication, the user interface may discourage certain traders from adopting it in comparison to their competitors.
Local methods exist for both deposits and withdrawals of cash. Exness offers MetaTrader users a variety of trading automation tools, including Expert Advisors (EAs) designed specifically for Taiwanese clients.Exness may turn off prospective investors seeking a broader range of investing opportunities due to its sole focus on FX and CFDs.
Numerous platforms and account types enable trading across multiple marketplaces.Furthermore, using a lot of leverage could increase the likelihood that you would suffer substantial losses.
For its clients, Exness trades a wide range of assets, including commodities, indexes, cryptocurrencies, and FX pairings.Some traders may feel that the insights and market research, no matter how thorough, are insufficient.
Users can access all of the trading services offered by the organisation by using the Exness mobile application.
Exness effectively serves a global audience by offering prompt customer service and a bilingual website.
Regular updates are made to the system's functionality and infrastructure.
Recovering investments and minimising losses is one of the platform's risk management features.

 

Trust Score

Exness has a trust score of 97%.

 

JustMarkets

This broker is a Forex broker regulated by CySEC, ensuring adherence to strict regulatory standards. Traders benefit from a secure and transparent trading environment.

They offer a comprehensive range of trading platforms, including MetaTrader 4 and MetaTrader 5, which are known for their reliability and advanced trading tools.

With JustMarkets, traders have access to various account types tailored to their preferences and experience levels, including standard, mini, and professional accounts, each offering unique features and benefits.

JustMarkets

Moreover, JustMarkets prioritizes the education of beginner traders, providing a wealth of educational resources such as video tutorials, webinars, and trading guides.

These resources cover topics ranging from basic trading concepts to advanced strategies, empowering novice traders to make informed decisions and navigate the Forex markets with confidence.

With a commitment to customer satisfaction and education, JustMarkets aims to support traders in achieving their financial goals.

 

Unique Features

Feature Information
🏛️ RegulationCySEC, FSCA, FSA, FSC
⚖️ CySeEC Regulation✔️ Yes
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
Instagram
💻 Trading AccountsMT4 Standard Cent Account
MT4 Standard Account
MT4 Pro Account
MT4 Raw Spread Account
MT5 Standard Account
MT5 Pro Account
MT5 Raw Spread Account
📊 Trading PlatformsMetaTrader 4
Meta Trader 5
JustMarkets App

💰 Minimum Deposit$10
📉 Trading AssetsIndices
Energies
Forex
Metals
Cryptocurrencies
Shares
Futures
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✅ Pros❌ Cons
A low minimum deposit is required to use JustMarkets, rendering the platform accessible to traders of diverse financial capacities.In comparison to other brokers, JustMarkets offers a comparatively limited selection of tradable assets.
The platform offers spreads that are competitive, which may result in decreased trading expenses for users.The trial account for JustMarkets terminates after thirty days.
JustMarkets provides an intuitive trading platform equipped with sophisticated charting capabilities, accommodating traders of all skill levels.
The provision of multilingual customer support guarantees assistance to traders in their native tongue.
JustMarkets places a high emphasis on transparency, thereby providing users with a secure and reliable trading environment.
The platform provides an extensive array of educational resources, which enable traders to acquire market insights and knowledge.

 

Trust Score

JustMarkets has a trust score of 90%.

 

XM

The Broker is regulated by CySEC (Cyprus Securities and Exchange Commission), ensuring a secure and trustworthy trading environment. XM offers a range of cutting-edge trading platforms, including MetaTrader 4 and MetaTrader 5, renowned for their user-friendly interfaces and advanced trading tools.

It provides competitive spreads starting as low as 0.6 pips and offers commission-free trading on most account types, making it appealing to traders of all levels. Additionally, XM offers a straightforward sign-up process, allowing traders to open an account quickly and easily online.

XM

To register, traders simply need to complete an online application, verify their identity, and fund their accounts using one of the supported payment methods.

With XM, traders can enjoy a seamless onboarding experience and start trading in global markets with confidence.

Together with its strong regulatory oversight, diverse trading platforms, and competitive pricing, XM remains a popular choice among Forex traders worldwide.

 

Unique Features

Feature Information
🏛️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA
🏛️ Cysec RegulationYes
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
Instagram
💻 Trading AccountsMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
📊 Trading PlatformsMetaTrader 4, MetaTrader 5, XM Mobile App
💰 Minimum Deposit$5
📉 Trading AssetsForex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares,
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✅Pros❌Cons
The XM accounts are accessible to all types of tradersSpreads can fluctuate drastically and quickly
Traders can use leverage up to 1:1000There are position size limits according to the trading account
XM caters to various trading strategiesompared to alternative brokerages, XM offers a relatively limited assortment of cryptocurrencies, which may restrict the range of options available to traders interested in acquiring a diverse selection of crypto assets.
There is a diverse range of tradable instrumentsTraders may incur inactivity penalties if their accounts remain inactive for prolonged durations. This situation may present a challenge for infrequent traders.
XM offers multi-currency accountsXM functions through the implementation of variable spreads, the magnitude of which traders may perceive as being greater during periods of heightened market volatility.
XM applies for negative balance protectionXM, in comparison to certain industry rivals, does not consistently provide fixed deposit advantages, potentially impeding traders who are in search of supplementary incentives.
A cent account is provided by XM, enabling traders, particularly novices in the field, to commence their endeavours with more modest investments while efficiently mitigating their risk exposure.A number of traders are perplexed by XM's fee structure, which varies by account category and has the potential to cause some users to become confused.
XM's platform provides traders with competitive margins that not only enhance cost-effectiveness but also possess the potential to optimise profits.Depending on the regulatory climate, traders whose strategies favour higher leverage ratios may face repercussions if XM is able to enforce leverage restrictions.

 

Trust Score

XM has a high trust score of 90%.

 

OANDA

It’s a trusted Forex broker, with a proprietary trading platform and known for its intuitive interface and advanced charting tools. This platform provides traders with the flexibility to execute trades efficiently across various devices.

What sets OANDA apart is its unique social trading capabilities, enabling traders to engage with a community of peers, share insights, and even mirror trades of successful investors. OANDA boasts competitive spreads, with costs varying depending on the account type and trading volume.

OANDA

Additionally, OANDA emphasizes transparency by offering a clear breakdown of fees associated with trading, ensuring clients have a comprehensive understanding of the costs involved.

With its innovative platform features, regulatory compliance, and transparent pricing model, OANDA remains a preferred choice for traders seeking a reliable and user-friendly Forex trading experience.

 

Unique Features

Feature Information
🏛️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA, CFTC
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
💻 Trading AccountsStandard Account, Core Account, Swap-Free Account, Demo Account
📊 Trading PlatformsOanda Platform, MetaTrader 4, TradingView
💰 Minimum DepositNo specific minimum deposit required.
📉 Trading AssetsIndex CFD's, Forex, Metals, Commodity CFD's, Bonds CFD's, Precious Metals, Real-Time Rates
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️Yes (except for US traders, as per US regulation)
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✅Pros❌Cons
There is no minimum for lower deposits, which is convenient for traders who want to start modestlyDeposits of more than US$9,000 require additional documentation
Some accounts have minimal spreads, allowing for competitive trading conditionsSome accounts charge commissions per million transacted
OANDA offers a range of tradable marketsSome risk-averse traders may find a 50% stop-out too high
Advanced trading platforms include the MT4, MT5, and FxTrade platformsCertain bonuses need a high minimum balance and trading volume
There are no restrictions on trading strategies

 

Trust Score

OANDA has a trust score of 91%.

 

Pepperstone

It is a popular Forex broker that offers a comprehensive suite of trading tools and features to cater to traders of all levels.

Pepperstone

Its cutting-edge trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, provide access to a wide range of instruments, advanced charting capabilities, and customizable trading strategies.

With its regulatory compliance, robust trading technology, and exceptional customer service, Pepperstone remains a top choice for traders.

 

Unique Features

Feature Information
🏛️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📲 Social Media PlatformsLinkedIn
Facebook
Twitter
You Tube
💻 Trading AccountsStandard Account
Razor Account
Professional Account
Demo Account
Islamic Account
📊 Trading PlatformsMetaTrader 4
MetaTrader 5
cTrader
TradingView
Myfxbook
Duplitrade
💰 Minimum DepositAU$200
📉 Trading AssetsForex
Indices
Shares
Commodities
Cryptocurrencies
Futures
Options
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders? ❌ No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✅ Pros ❌ Cons
MetaTrader 4, MetaTrader 5, and cTrader are available with PepperstoneThere are limited educational materials
Pepperstone offers straight-through processing without dealing with desk interventionIn-house analysis and trading signals could improve
Pepperstone's customer support is quick to respondWhile Pepperstone offers a diverse range of trading instruments, some traders may find that certain niche assets or markets are not available for trading through this broker.
Active traders can expect narrow spreads and competitive commissions

 

Trust Score

Pepperstone has a high trust score of 92%.

Best Cysec regulated brokers

 

Conclusion

Our Final Thoughts on the Best CySEC Regulated Forex Broker. Overall, CySEC regulated Forex brokers offer a reliable and secure trading environment, adhering to stringent regulatory standards. With a diverse range of platforms, competitive spreads, and transparent pricing models, these brokers provide traders with the tools and confidence needed to navigate the Forex markets successfully.

 

Frequently Asked Questions

 

What does it mean for a Forex broker to be regulated by CySEC?

It means that the Forex broker operates under the supervision and guidelines set by this regulatory authority, ensuring transparency, security, and compliance with financial regulations.

 

Are funds safe with CySEC-regulated Forex brokers?

Yes, they are required to adhere to strict regulations regarding client fund protection. They must also segregate client funds from their operational funds and participate in investor compensation schemes to safeguard traders’ funds in case of insolvency.

 

Can I trust CySEC-regulated Forex brokers?

It is widely recognized as one of the most reputable frameworks in the Forex industry.

 

What are the benefits of trading with a CySEC-regulated Forex broker?

They offer several benefits, including investor protection, transparent pricing, reliable trading platforms, access to dispute resolution mechanisms, and the assurance of trading with a reputable and trustworthy brokerage.

 

How can you verify whether a Forex broker is regulated by CySEC?

You can verify a Forex broker’s CySEC regulation by checking the broker’s website for regulatory information, such as license numbers and registration details. Additionally, you can visit the CySEC website to search for the broker’s name in their list of regulated entities.

FAQs

It means that the Forex broker operates under the supervision and guidelines set by this regulatory authority, ensuring transparency, security, and compliance with financial regulations.

Yes, they are required to adhere to strict regulations regarding client fund protection. They must also segregate client funds from their operational funds and participate in investor compensation schemes to safeguard traders’ funds in case of insolvency.

It is widely recognized as one of the most reputable frameworks in the Forex industry.

They offer several benefits, including investor protection, transparent pricing, reliable trading platforms, access to dispute resolution mechanisms, and the assurance of trading with a reputable and trustworthy brokerage.

 

You can verify a Forex broker’s CySEC regulation by checking the broker’s website for regulatory information, such as license numbers and registration details. Additionally, you can visit the CySEC website to search for the broker’s name in their list of regulated entities.

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