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Verified Jun 15, 2026
Best Forex Brokers in Cyprus 2026
Last updated August 2, 2026
Compare the best forex brokers researched for Cyprus traders. We tested 10+ brokers on regulation, spreads, platforms, deposit methods, and withdrawal speed to find the top options for Cyprus residents in 2026.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated by CySECLocal deposits: SEPA Transfer, VisaAccounts in EUR
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every Cyprus page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Cyprus
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best overall in Cyprus
AvaTrade
Used in Cyprus8.9
BrokerAnalysis score
EUR accounts, SEPA
- Multi-regulated with EUR/SEPA funding
- Broad platform range incl. AvaTradeGO
- Sharia-certified swap-free accounts
CBI + CySEC + ASIC
You contract with: AvaTrade EU Ltd
#2 · Best alternative
FxPro
Used in Cyprus9.1
BrokerAnalysis score
EUR accounts, SEPA
- CySEC home-market regulation
- No-dealing-desk execution, tight spreads
- cTrader and MT4/MT5 support
FCA + CySEC (home)
You contract with: FxPro Financial Services (CySEC)
Why these two
Cyprus is CySEC's home market — both picks are CySEC-regulated. FxPro leads on execution; AvaTrade on platform range. EU retail bonuses are banned, so we rank on trust and cost.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 74–89% of retail accounts lose money. Trade only what you can afford to lose.
What are the best forex brokers in Cyprus for 2026?
The best forex brokers for Cyprus traders in 2026 include FP Markets and other internationally regulated platforms. Key factors are regulation quality (CySEC), trading costs, platform access (MT4/MT5), deposit methods available in Cyprus, and withdrawal reliability. Always verify which legal entity serves Cyprus residents before depositing.
Top 10 Forex Brokers for Cyprus Traders in 2026
Cyprus is a well-regulated European market where MiFID II and ESMA rules cap retail leverage at 30:1 and require negative balance protection. Our current ranking starts with AvaTrade where it is available, followed by FxPro, FP Markets, and XM. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Country Offers
Browse All PromotionsAvailable offers for Cyprus traders
Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.
Cashback / Rebate
FP Markets
ASIC (Australia)Refer a Friend: Earn up to $200
Referral bonus pays $50-$200 after a friend funds and trades the required volume.
Verified Jun 15, 2026
HFM
FCA (UK)100% Supercharged Bonus + Daily Rebates
100% SuperCharged bonus credit plus daily rebates on qualifying Forex and Gold volume.
Verified Jun 15, 2026
Cyprus Trading Guide
Regulated by
CySEC
Legal status
Forex and CFD trading in Cyprus is regulated under EU financial directives. CySEC supervises investment services. Retail traders access leverage up to 30:1 under ESMA rules, with negative balance protection required. Verify the broker's EU passporting status and which entity serves Cyprus clients before depositing.
Accounts in
EUR
Available in Cyprus
SEPA Transfer
Visa
Mastercard
Skrill
Neteller
PayPal
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Quick Rankings
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11 brokers · how we rank
Compare minimum deposits, spreads, commissions, and leverage for brokers accepting Cyprus traders.
| Broker | Withdrawal | Commission | MT4 | MT5 | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.9 pips (Standard) | $100 | 1-2 business days | $0 (Spread only) | Yes | Yes | Central Bank of IrelandASIC (Australia)FSCA (South Africa) | |
| 0.0 pips (Raw+) | 1.2 pips (Standard) | $100 | 1 business day | $3.50/lot (Raw+) | Yes | Yes | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
| 0.0 pips (Raw) | $100 | Same day to 1 business day | $3/lot (Raw) | Yes | Yes | ASIC (Australia)CySEC (Cyprus)SVG FSA | |
 | 0.6 pips (Ultra Low) | 1.6 pips (Standard) | $5 | 24 hours | $0 (Spread only on most accounts) | Yes | Yes | CySEC (Cyprus)ASIC (Australia)DFSA (Dubai) | |
| 0.0 pips (Raw) | 0.8 pips (Standard) | $200 | 24-48 hours | $3.50/lot (Raw Spread) | Yes | Yes | ASIC (Australia)CySEC (Cyprus)Seychelles FSA | |
 | 0.0 pips (Raw) | 1.6 pips (Classic) | $100 | 1 business day | $2/lot (Raw) | Yes | Yes | FCA (UK)CySEC (Cyprus)FSA (Seychelles) | |
 | 0.8 pips (Standard) | $0 | Usually same day (free for >$50) | $0 on Forex, Indices, Commodities | No | No | FCA (UK)KNF (Poland)CySEC (Cyprus) | |
| 1.0 pips (Premium) | 0.0 pips (Zero) | $0 | 24 hours | $3.00/lot (Zero Account) | Yes | Yes | FCA (UK)CySEC (Cyprus)DFSA (Dubai) | |
 | 1.3 pips (Standard) | $50 | 1-2 business days | $0 (Spread-based pricing) | Yes | No | FCA (UK)ASIC (Australia)CySEC (Cyprus) | |
 | 0.0 pips (Razor) | 1.0 pips (Standard) | $0 (Recommended $200) | 1-2 business days | $3.50/lot (Razor) | Yes | Yes | ASIC (Australia)FCA (UK)CySEC (Cyprus) | |
 | 0.0 pips (ECN) | 1.5 pips (Standard) | $10 | 24 hours | $2/lot (ECN Zero) | Yes | Yes | FCA (UK)CySEC (Cyprus)FSCA (South Africa) |
Rank 01 · best overall
Spread
0.9 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
Commission
$0 (Spread only)
MT4
Yes
MT5
Yes
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
Visit AvaTrade Read reviewRank 02
Spread
0.0 pips (Raw+) | 1.2 pips (Standard)
Min dep.
$100
Withdrawal
1 business day
Commission
$3.50/lot (Raw+)
MT4
Yes
MT5
Yes
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FxPro Read reviewRank 03
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
Commission
$3/lot (Raw)
MT4
Yes
MT5
Yes
ASIC (Australia)CySEC (Cyprus)SVG FSA
Visit FP Markets Read reviewRank 04
Spread
0.6 pips (Ultra Low) | 1.6 pips (Standard)
Min dep.
$5
Withdrawal
24 hours
Commission
$0 (Spread only on most accounts)
MT4
Yes
MT5
Yes
CySEC (Cyprus)ASIC (Australia)DFSA (Dubai)
Visit XM Read reviewRank 05
Spread
0.0 pips (Raw) | 0.8 pips (Standard)
Min dep.
$200
Withdrawal
24-48 hours
Commission
$3.50/lot (Raw Spread)
MT4
Yes
MT5
Yes
ASIC (Australia)CySEC (Cyprus)Seychelles FSA
Visit IC Markets Read reviewRank 06
Spread
0.0 pips (Raw) | 1.6 pips (Classic)
Min dep.
$100
Withdrawal
1 business day
Commission
$2/lot (Raw)
MT4
Yes
MT5
Yes
FCA (UK)CySEC (Cyprus)FSA (Seychelles)
Visit Tickmill Read reviewRank 07
Spread
0.8 pips (Standard)
Min dep.
$0
Withdrawal
Usually same day (free for >$50)
Commission
$0 on Forex, Indices, Commodities
MT4
No
MT5
No
FCA (UK)KNF (Poland)CySEC (Cyprus)
Visit XTB Read reviewRank 08
Spread
1.0 pips (Premium) | 0.0 pips (Zero)
Min dep.
$0
Withdrawal
24 hours
Commission
$3.00/lot (Zero Account)
MT4
Yes
MT5
Yes
FCA (UK)CySEC (Cyprus)DFSA (Dubai)
Visit HFM Read reviewRank 09
Spread
1.3 pips (Standard)
Min dep.
$50
Withdrawal
1-2 business days
Commission
$0 (Spread-based pricing)
MT4
Yes
MT5
No
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit FXCM Read reviewRank 10
Spread
0.0 pips (Razor) | 1.0 pips (Standard)
Min dep.
$0 (Recommended $200)
Withdrawal
1-2 business days
Commission
$3.50/lot (Razor)
MT4
Yes
MT5
Yes
ASIC (Australia)FCA (UK)CySEC (Cyprus)
Visit Pepperstone Read reviewRank 11
Spread
0.0 pips (ECN) | 1.5 pips (Standard)
Min dep.
$10
Withdrawal
24 hours
Commission
$2/lot (ECN Zero)
MT4
Yes
MT5
Yes
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FXTM Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForBeginners, copy traders & options enthusiasts
Min Deposit$100
AvaTrade Review Summary
AvaTrade is an Market Maker broker regulated by Central Bank of Ireland, ASIC (Australia), FSCA (South Africa), FSA (Japan), ADGM (Abu Dhabi). Best suited to Beginners, copy traders & options enthusiasts. EUR/USD from 0.9 pips (Standard), minimum deposit $100.
Pros
- Heavily regulated across 7+ jurisdictions
- Excellent mobile app (AvaTradeGO)
- DupliTrade and AvaSocial copy trading
- AvaOptions for vanilla options
Cons
- Spreads slightly wider than ECN brokers
- Inactivity fee after 3 months
- Not available in the US
Our Rating
4.4/5.0
Best ForProfessional European traders & cTrader enthusiasts
Min Deposit$100
FxPro Review Summary
FxPro is available to Cyprus traders through its CySEC or FCA-regulated entity, offering MT4, MT5, cTrader, FxPro Platform. EU clients benefit from ESMA leverage caps and negative balance protection. Verify the exact serving entity and fee schedule before depositing.
Pros
- FCA and CySEC regulated
- cTrader integration
- No dealing desk execution
- FxPro Edge proprietary platform
Cons
- $100 minimum deposit
- Wider spreads on standard accounts
- Inactivity fee after 1 year
Our Rating
4.5/5.0
Best ForECN traders, scalpers & Australian clients
Min Deposit$100
FP Markets Review Summary
FP Markets is available to Cyprus traders through its CySEC or FCA-regulated entity, offering MT4, MT5, cTrader, IRESS. EU clients benefit from ESMA leverage caps and negative balance protection. Verify the exact serving entity and fee schedule before depositing.
Pros
- True ECN pricing from 0.0 pips
- ASIC and CySEC regulated
- cTrader and IRESS platforms
- Over 10,000 tradable instruments
Cons
- $100 minimum deposit
- IRESS platform has additional fees
- Limited educational content
Our Rating
4.7/5.0
Best ForBeginners, education-focused traders & low deposit users
Min Deposit$5
XM Review Summary
XM is available to Cyprus traders through its CySEC or FCA-regulated entity, offering MT4, MT5, XM App. EU clients benefit from ESMA leverage caps and negative balance protection. Verify the exact serving entity and fee schedule before depositing.
Pros
- Outstanding daily webinars and educational courses
- No deposit or withdrawal fees
- Strict no re-quotes policy with 99.35% execution in <1s
- Generous loyalty program and promotions
Cons
- Spreads on Standard account are wider than competitors
- No crypto trading on weekends
- Inactivity fee of $15 applies after 90 days
Our Rating
4.6/5.0
Best ForScalpers, EA traders & low-latency algorithmic trading
Min Deposit$200
IC Markets Review Summary
IC Markets is available to Cyprus traders through its CySEC or FCA-regulated entity, offering MT4, MT5, cTrader, TradingView. EU clients benefit from ESMA leverage caps and negative balance protection. Verify the exact serving entity and fee schedule before depositing.
Pros
- Consistently deepest liquidity and tightest raw spreads (0.0)
- Servers located in NY4 & LD5 datacenters for <40ms latency
- No restrictions on scalping, hedging, or EAs
- Excellent support for cTrader and TradingView
Cons
- Customer service can be slower during peak times
- Protection and leverage depend heavily on your account entity
- Basic research and educational material
Our Rating
4.5/5.0
Best ForScalpers, day traders & low-commission professionals
Min Deposit$100
Tickmill Review Summary
Tickmill is available to Cyprus traders through its CySEC or FCA-regulated entity, offering MT4, MT5, Tickmill App. EU clients benefit from ESMA leverage caps and negative balance protection. Verify the exact serving entity and fee schedule before depositing.
Pros
- Ultra-low commissions at $2/lot roundturn
- No restrictions on scalping or EAs
- FCA and CySEC regulated
- Free VPS for active traders
Cons
- $100 minimum deposit
- Limited product range outside forex
- No proprietary web platform
Our Rating
4.7/5.0
Best ForActive European traders & stock CFD investors
Min Deposit$0
XTB Review Summary
XTB is available to Cyprus traders through its CySEC or FCA-regulated entity, offering xStation 5, xStation Mobile. EU clients benefit from ESMA leverage caps and negative balance protection. Verify the exact serving entity and fee schedule before depositing.
Pros
- Award-winning xStation 5 proprietary platform is fast and intuitive
- 0% commission on real stocks and ETFs up to €100k/month
- Publicly traded company with transparent financials
- No minimum deposit required
Cons
- Phased out MT4 in many regions
- No longer offers a raw/ECN zero-spread account format
- Not available to clients in the US, Canada, or Australia
Our Rating
4.5/5.0
Best ForBonus hunters, high leverage users & versatile traders
Min Deposit$0
HFM Review Summary
HFM is available to Cyprus traders through its CySEC or FCA-regulated entity, offering MT4, MT5, HFM App. EU clients benefit from ESMA leverage caps and negative balance protection. Verify the exact serving entity and fee schedule before depositing.
Pros
- Excellent mobile app functionality with in-app trading
- No minimum deposit required to start
- Zero account features competitive 0.0 pip spreads with low commission
- Massive variety of bonus and promotional programs (outside EU/UK)
Cons
- No proprietary desktop platform (relies on MT4/MT5)
- Account types and regulations can be confusing to navigate
- Not available to US or Canadian traders
Our Rating
4.3/5.0
Best ForAlgorithmic traders & historical data enthusiasts
Min Deposit$50
FXCM Review Summary
FXCM is available to Cyprus traders through its CySEC or FCA-regulated entity, offering Trading Station, MT4, TradingView. EU clients benefit from ESMA leverage caps and negative balance protection. Verify the exact serving entity and fee schedule before depositing.
Pros
- 25+ years in business
- No dealing desk execution
- Strong API for algo trading
- Extensive historical data
Cons
- Spreads wider than ECN competitors
- Limited product range
- No MT5 support
Our Rating
4.8/5.0
Best ForAdvanced traders, automated trading & TradingView enthusiasts
Min Deposit$0 (Recommended $200)
Pepperstone Review Summary
Pepperstone is available to Cyprus traders through its CySEC or FCA-regulated entity, offering MT4, MT5, cTrader, TradingView. EU clients benefit from ESMA leverage caps and negative balance protection. Verify the exact serving entity and fee schedule before depositing.
Pros
- Top-tier liquidity with frequent 0.0 pip spreads
- Exceptional platform choice including TradingView and cTrader
- Award-winning 24/5 customer support
- Deepest liquidity pools for large order execution
Cons
- Educational content is good but not standard-setting
- No proprietary mobile app (relies on MetaQuotes/cTrader apps)
- Lacks robust fixed-spread options
Frequently Asked Questions About Forex Brokers in Cyprus
Frequently Asked Questions
Start with regulation, entity coverage, funding options, platform choice, and total trading cost. For Cyprus, the right broker is the one that can actually onboard local residents under a clearly identified legal entity with transparent fees and workable withdrawal methods.
CySEC is the main local reference point for investment-firm supervision in Cyprus. Before opening an account, verify whether the broker is locally licensed, passported, or serving you through a separate international entity.
AvaTrade is the top-ranked forex broker for Cyprus traders in the current BrokerAnalysis ranking where it is available. Compare it with FxPro, FP Markets, and XM for local payment methods, account terms, regulation, and platform fit before opening an account.
Forex trading access in Cyprus depends on local regulations and broker entity permissions. CySEC oversees financial services. Most Cyprus traders use international brokers regulated by the FCA (UK), CySEC (Cyprus), or ASIC (Australia). Always verify which legal entity will serve your account before depositing.
To start forex trading in Cyprus: 1) Learn the basics through free courses and demo accounts, 2) Choose a regulated broker that accepts Cyprus residents, 3) Open a demo account to practice risk-free, 4) Start with a small live deposit you can afford to lose, 5) Focus on major pairs like EUR/USD. Never risk money you cannot afford to lose.
Minimum deposits vary by broker. Exness and XM accept deposits from $5-10. FBS starts at $1. Pepperstone and IC Markets have no minimum on standard accounts. We recommend starting with at least $100 for proper risk management regardless of the broker minimum.
Major international brokers accepting Cyprus traders include Exness, XM, IC Markets, Pepperstone, and HFM. Availability can change — always check the broker's current country list and confirm which entity will handle your account before depositing.
Cyprus traders can typically fund accounts via SEPA Transfer, Visa, Mastercard, and other international payment methods. Processing times range from instant to 1-3 business days depending on the method. Check your broker's specific payment options for Cyprus residents.
Most brokers serving Cyprus offer MetaTrader 4 (MT4), MetaTrader 5 (MT5), and increasingly TradingView and cTrader. MT4 remains the most popular for its reliability and Expert Advisor support. MT5 adds more timeframes and a built-in economic calendar.
Yes, many international brokers offer swap-free Islamic accounts for Cyprus traders, including Exness, XM, HFM, and IC Markets. These accounts do not charge overnight interest (swap) fees, making them suitable for traders who follow Islamic finance principles.
Leverage depends on the broker's regulatory entity. Under ESMA rules, EU-regulated accounts are capped at 30:1 for major pairs. Higher leverage amplifies both profits and losses — beginners should use conservative leverage ratios.
Withdrawals are typically processed via the same method used for deposit. Most brokers offer bank transfer, card, and e-wallet withdrawals. Processing times range from instant (e-wallets) to 3-5 business days (bank transfers). Always verify withdrawal fees and processing times before opening an account.
Key factors: 1) Regulation by a top-tier authority (FCA, CySEC, ASIC), 2) Transparent pricing with low spreads, 3) Fast and reliable withdrawals, 4) Platform choice (MT4/MT5/TradingView), 5) Responsive customer support, 6) Funding options that work in Cyprus. Our comparison table above breaks down these factors for each broker.
Yes. All major brokers offer mobile trading apps for iOS and Android. MT4, MT5, and proprietary broker apps allow full trading functionality including order placement, chart analysis, and account management from your smartphone.
Sources & References
- CySEC – Official Website— CySEC (2026)
- FCA Register – Check Authorized Firms— FCA (2026)
- CySEC Regulated Entities— CySEC (2026)
- XM Account Types— XM
- IC Markets Trading Accounts— IC Markets
- BrokerAnalysis ranking methodology— BrokerAnalysis
Related Broker Pages
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.