The best Forex brokers regulated by CySEC

The Cyprus Securities and Exchange Commission, better known as CySEC, is the financial regulatory agency from Cyprus. The regulator was established in 2001 and currently employs more than one hundred professionals. 

The CySEC license is accepted and respected globally, and most European countries have access to CySEC-regulated brokers. Cyprus’s financial and securities laws comply with Europe’s Markets in Financial Instruments Directive (MiFID).

The regulator’s mission is to ensure traders’ safety and healthy market development by exercising effective supervision. 

CySEC authorizes and regulates 247 brokers operating globally. Our goal in putting together this list of the top CySEC-regulated Forex brokers is to aid you in selecting the broker that best fits your needs.

A quick comparison of top-rated CySEC-regulated Forex brokers

When comparing top CySEC-regulated Forex brokers, there are various things to consider. Ideally, you want a broker that enables you to open an account in EUR. This way you can save a lot of money on conversions; assuming that EUR is the currency you use on a daily basis. Furthermore, low trading fees on EUR/USD, sensible leverage, and low barriers to entry are also super important. 

	Exness Read the review Visit broker 8.4 8.4 6.97 6.97 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money.	XTB Read the review Visit broker 8 8 7.3 7.3 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Plus500 Read the review Visit broker 7.4 7.4 null CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage; 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Tickmill Read the review Visit broker 7.6 7.6 6.29 6.29 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.	HYCM Read the review Visit broker 8 8 7.97 7.97 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-76 % of retail investor accounts lose money when Trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. For more information please refer to HYCM’s Risk Disclosure. Additionally, the content of this website is for information purposes only and it is not intended as a recommendation or advice. Any indication of past performance or simulated past performance included in advertisements published by HYCM is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at HYCM.
CySEC regulation	Yes	Yes	Yes	Yes	Yes
Operates globally under	CySEC	CySEC	CySEC (250/14)	CySEC	CySEC
Spreads on EUR/USD (commission — free Standard accounts*)	From 0.3 pips	From 0.8 pips	From 0.8 pips	From 1.6 pips	From 1.2 pips
Maximum available leverage	2000:1	30:1	30:1	30:1 (300:1 for pro clients)	30:1
Minimum initial Deposit	1 USD	1 USD	100 account currency	100 USD	100 USD
Desktop Trading platforms	MetaTrader 4, MetaTrader 5, Exness Terminal	xStation 5	Plus500 WebTrader	MetaTrader 4, MetaTrader 5	MetaTrader 4, MetaTrader 5

*Brokers usually offer 2 types of accounts, namely spread-free and commission-free accounts. With a spread-free account, traders are charged commissions on their trades, while with a commission-free account, fees are integrated into spreads. To make comparisons easier, we prioritize displaying prices of commission-free standard accounts where possible. 

More about the 5 best CySEC-regulated FX brokers

Below you will learn more about the account types offered by these brokers. We’ll also provide you with detailed information on the major currency pairs' trading fees, and we’ll include the license number for each broker so that you can check the license documents yourself. 

Exness

 

Exness is a group of companies operating globally under 7 regulatory bodies. European traders open accounts with the Exness branch managed by Exness (Cy) Ltd.

Exness (Cy) Ltd (registration number HE 293057; registration address 1 Siafi, Porto Bello, Flat 301, 3042, Limassol, Cyprus). 

Exness (Cy) Ltd is authorized and regulated by CySEC (Cyprus Securities and Exchange Commission), license number 178/12.

Exness group was founded in 2008, and since its creation has managed to expand globally, with the broker currently serving more than 350 thousand active clients. 

There are 256 assets available for trading with Exness, including: 

• 98 Forex pairs
• 100 shares as CFDs 
• 35 cryptocurrencies as CFDs 
• 10 indices
• 13 commodities

The broker offers various account types in order to meet the needs of different trader types. 

 

 

 

Exness

Read the review
Visit broker

8.4

8.4

6.97

6.97

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money.

 

XTB

 

XTB is a global Forex and CFD broker operating in 4 jurisdictions. XTB Limited is authorized and regulated by the Cyprus Securities and Exchange Commission with CIF Licence number 169/12. XTB Limited is located at Pikioni 10, Building: Highsight Rentals Ltd, 3075, Limassol, Cyprus. 

XTB Limited (CY) is authorized and regulated by the Cyprus Securities and Exchange Commission in Cyprus. (Licence No.169/12)

XTB has more than 20 years of experience with representative offices in over 13 countries including the UK, Poland, Germany, France, and Chile.

There are more than 2200 assets available for trading with XTB, including: 

• 57 Forex pairs
• 1880 shares as CFDs 
• 51 cryptocurrencies as CFDs 
• 41 indices
• 27 commodities

The broker only offers Standard accounts for CySEC-regulated trading. 

 

 

 

XTB

Read the review
Visit broker

8

8

7.3

7.3

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

 

Major currency trading with XTB

Now let’s take a look at spreads of major currencies with XTB. In addition to major pairs, the broker offers a good amount of minor, cross, and exotic currency pairs. 

Plus500

 

Plus500 is a group of well-regulated brokers operating in 8 jurisdictions. Plus500CY Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission with license No. 250/14.

The broker was founded in 2008 and since then has managed to attract more than 300 million customers from more than 50 countries. 

The broker only offers live and demo account types, with more than 2800 CFD assets available for trading, including: 

• 66 Forex pairs as CFDs 
• 1634 shares as CFDs
• 1200 physical shares as CFDs
• 19 cryptocurrencies as CFDs 
• 31 indices as CFDs
• 22 commodities as CFDs

 

 

 

Plus500

Read the review
Visit broker

7.4

7.4

null

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage; 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

Major currencies trading with Plus500

Now let’s take a look at the spreads of major currencies with Plus500. In addition to major pairs, the broker offers minor, cross, and less liquid exotic currency pairs. 

Tickmill

 

Tickmill is a global Forex and CFD broker regulated in 5 jurisdictions. Tickmill Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CIF license number 278/15) and is a member of the Investor Compensation Fund (ICF).

Tickmill was established in 2014, and today the broker is trusted by more than 270,000 clients from around the world.

There are 102 assets available for trading with Tickmill, including: 

• 62 Forex pairs 
• 8 cryptocurrencies 
• 25 indices
• 7 commodities

The broker offers Pro, Classic, and VIP account types. Swap-free accounts, better known as Islamic accounts, are available for all three account types. 

 

 

 

Tickmill

Read the review
Visit broker

7.6

7.6

6.29

6.29

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.

 

Major currencies trading with Tickmill

Tickmill offers low trading prices. Prices on major currencies are the best indicator of how affordable prices really are since major pairs are the most liquid and even a tiny spread markup from the broker is visible to traders. So, let’s see what they have to offer in this regard. 

HYCM

 

HYCM is a global Forex and CFD broker operating in 4 jurisdictions. HYCM (Europe) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 259/14.

Be informed that the CySEC-regulated branch of HYCM doesn’t offer financial services to residents outside the European Union and European Economic Area.

Henyep Markets, better known as HYCM, is one of the oldest financial service providers in the world, with the broker having more than 40 years of experience. 

There are 301 assets available for trading with HYCM, including: 

• 71 Forex pairs
• 153 shares as CFDs 
• 29 cryptocurrencies as CFDs 
• 28 indices
• 20 commodities

The broker offers Fixed, Classic, and Raw account types to meet the needs of different traders. Fixed accounts have fixed spreads, which means that they do not change, with Variable account spreads changing based on market conditions. For instance, when liquidity decreases, spreads get bigger.

 

 

 

HYCM

Read the review
Visit broker

8

8

7.97

7.97

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-76 % of retail investor accounts lose money when Trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. For more information please refer to HYCM’s Risk Disclosure. Additionally, the content of this website is for information purposes only and it is not intended as a recommendation or advice. Any indication of past performance or simulated past performance included in advertisements published by HYCM is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at HYCM.

 

Major currencies trading with HYCM

Major currencies are the most traded assets in Forex, and understanding trading fees based on majors is much easier. Let’s take a look at the most liquid FX pairs and their prices. 

Best choice of CySEC regulated broker per category

While there are many traders that solely trade Forex pairs, many others prefer trading stock CFDs or cryptos. Therefore, we broke down brokers in each category and compared the number of instruments offered and trading fees. 

Best CySEC-regulated Broker for Forex Trading

Exness is a great broker for Forex trading. On the downside, the CySEC-regulated broker is not available in many European countries, and the broker is not even represented in Cyprus. 

Best CySEC-regulated Broker for Share CFD Trading

XTB offers a large pool of tradable stock CFDs and the prices are low. For share CFD trading leverage goes up to 10:1, and there are no commissions. 

Best CySEC-regulated Broker for Crypto CFD Trading

Our pick for the best crypto trading CySEC regulated broker is XTB. XTB has low trading fees and a large pool of tradable cryptos. 

How to check if the broker is CySEC regulated or is just registered at the CySEC?

All the brokers that we have recommended are authorized and regulated by the CySEC. However, some brokers might be registered with CySEC without being regulated by this body. In order to make sure that the broker is regulated (and not just registered), you can check the broker on the regulator’s main checker page. It only takes a few minutes to check them using the registration number. 

Step 1

Open the checker page, and just copy and paste the registration number. As a reminder, we have provided you with the registration number for all 5 Forex brokers in this article. 

Step 2

As soon as you paste the registration number into the search bar, the information will pop up. Select the attached document in order to view the full file. 

All CySEC-regulated Forex broker reviews 

In addition to the top 5 brokers that we have selected, there are lots of other good brokers to consider that are regulated by the Cyprus Securities and Exchange Commission. You can find detailed reviews of many of them on our site. When we create broker reviews our main focus is on safety and regulations. In addition, we discuss trading fees, policies, customer service, software, and account opening in detail.