Best Forex Brokers in Cyprus for 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top 10 Forex brokers in Cyprus based on our analysis:
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AvaTrade - Best Forex broker in Cyprus - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 3
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 4
Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. Rich selection of educational materials and analytics. - 5
- 6
HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 7
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 8
ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 9
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 10
HYCM - Well-regulated broker. An extensive set of educational materials. Diversity of trading assets.
This detailed guide is created to assist you in selecting a broker that ideally matches your trading strategy while safeguarding your investments. The brokers featured here are noted for their distinctive attributes, cutting-edge technology, and robust security measures, ensuring an exceptional trading experience in Cyprus's dynamic Forex market.
List of the Best Forex Brokers in Cyprus in 2025
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
3. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
4. Libertex
Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- Rich selection of educational materials and analytics.
Cons
- High swaps and inactivity fee.
5. Plus500
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
6. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
7. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
8. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
9. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
10. HYCM
HYCM is one of the Forex and CFD market leaders whose reputation is backed by strict regulation by major financial authorities such as the FCA, CySEC and DFSA. This ensures high protection of the client's funds and compliance with regulatory standards. The broker offers a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5, recognized as some of the most reliable and functional in the industry. The variety of trading instruments available allows you to create a diverse investment portfolio, while a rich selection of educational resources supports traders at all stages of their professional development.
HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms. This broker is ideal for experienced traders who can use the analytical and educational resources provided to improve their trading strategies.
Pros and Cons of HYCM
Pros
- Well-regulated broker.
- An extensive set of educational materials.
- Diversity of trading assets.
Cons
- Absence of proprietary trading platform.
- No social trading.
Regulation of Forex Brokers in Cyprus
In Cyprus, the activities of Forex and CFD brokers are governed by stringent rules and regulations designed to protect investors, ensure the integrity of trading operations, and maintain financial stability. The primary regulatory authority in the country is the Cyprus Securities and Exchange Commission (CySEC), which sets and enforces compliance standards for financial institutions, including Forex brokers.
CySEC ensures that brokers adhere to norms related to the transparency of financial operations, the segregation of client funds, and the provision of accurate risk information. This includes mandatory risk warnings and restrictions on leverage, which help minimize the likelihood of significant losses for traders.
Additionally, Cyprus complies with European Union legislation, such as the Markets in Financial Instruments Directive (MiFID II), which promotes harmonization and efficiency of financial markets across Europe. This provides further protection for investors by establishing standards for operational transparency and risk management.
This robust regulatory framework makes Cyprus one of the most reliable and secure markets for Forex trading. Thanks to strict regulations, traders in Cyprus can trust in the protection of their interests and the stability of their interactions with brokers, creating optimal conditions for successful Forex trading.
How We Compiled the List of Top Forex Brokers in Cyprus
Our approach to identifying the leading Forex trading platforms in Cyprus involved meticulous precision and a comprehensive set of benchmarks:
Thorough Research and Evaluation: We began by assembling an extensive Forex brokers list that met our predefined criteria. Each broker was meticulously scrutinized through a detailed evaluation methodology to assess their services and operational efficiency in an unbiased manner.
Regulatory Adherence: We focused on brokers regulated by recognized financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and other reputable European regulators like BaFin, FCA, or the Austrian Financial Market Authority (FMA). This ensures the brokers operate transparently and comply with stringent financial standards.
Trading Conditions and Platforms: We evaluated brokers based on their trading conditions, including spreads, fees, minimum deposits, and the variety of trading instruments available. The quality and usability of their trading platforms were also assessed, with a preference for those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.
Customer Support and Localization: The quality of customer support was a key factor, particularly the availability of support in Greek and accessible communication channels. We also considered brokers that offer localized services, such as websites and educational resources in Greek, to better serve Cypriot traders.
User Feedback: We incorporated genuine feedback from traders who have used these brokers to provide a well-rounded view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.
By carefully considering these factors, we have compiled a list of the top Forex brokers in Cyprus, ensuring that they meet the high standards expected by Cypriot traders.
FAQ
Is Forex Trading Legal in Cyprus?
Yes, forex trading is legal in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring that brokers comply with strict financial standards and provide a secure trading environment.
Why Are There Many Forex Brokers in Cyprus?
Cyprus is a popular hub for Forex brokers due to its favorable regulatory environment, membership in the European Union, and strategic geographic location. CySEC provides a robust regulatory framework that attracts many brokers to establish their operations in Cyprus.
What Is the Best Forex Broker in Cyprus?
The best forex broker in Cyprus varies depending on individual trading needs and preferences. Some of the top brokers include XM, IC Markets, and Pepperstone, known for their strong regulatory compliance, excellent customer support, and competitive trading conditions.
Which Broker Is Safest in Cyprus?
The safest brokers in Cyprus are those regulated by CySEC and other reputable European regulatory bodies such as FCA or BaFin. Examples include XM and Pepperstone, which offer robust security measures and adhere to stringent regulatory standards.
Which Broker Is Best for Beginner Traders in Cyprus?
For beginner traders in Cyprus, brokers like XM and Exness are ideal due to their user-friendly platforms, extensive educational resources, and supportive customer service.
Which Broker Is Best for Professional Traders in Cyprus?
Professional traders in Cyprus may prefer brokers such as IC Markets or Pepperstone, which offer advanced trading platforms, low spreads, and a wide range of trading instruments.
What Is the Best Forex Trading Platform in Cyprus?
The best forex trading platforms in Cyprus include MetaTrader 4 (MT4) and MetaTrader 5 (MT5) due to their comprehensive tools, user-friendly interface, and widespread acceptance among traders. Many brokers also offer their proprietary platforms with advanced features. For more information, you can check out MetaTrader 4 brokers.
What Does a Forex Broker Do?
A forex broker acts as an intermediary between traders and the forex market, providing a platform for trading currencies. They offer access to various trading instruments, leverage, and market analysis tools while facilitating the execution of trades.
How Much Money Do I Need to Start Forex Trading?
The amount of money needed to start forex trading varies by broker, but you can begin with as little as $100. Some brokers offer micro accounts with even lower minimum deposit requirements, allowing new traders to start with minimal capital.
Can I Trade Forex Without a Broker?
No, trading forex without a broker is not possible for retail traders. Forex brokers provide the necessary platform and market access needed to execute trades.
How to Verify if a Broker Is CySEC Regulated?
To verify if a broker is CySEC regulated, visit the CySEC website and use their search function to check the broker's license status. A regulated broker will have a valid license number listed on the CySEC registry.
How to Avoid Forex and CFD Scams?
Avoid forex and CFD scams by choosing brokers regulated by reputable authorities like CySEC. Conduct thorough research, read reviews, verify regulatory status, and be cautious of offers that seem too good to be true.
What Protections Do CySEC-Regulated Brokers Offer?
CySEC-regulated brokers offer several protections, including segregated client funds, negative balance protection, and participation in investor compensation schemes. These measures ensure a high level of security for traders' funds.
Do You Need to Pay Taxes on Forex Trading in Cyprus?
Yes, profits from forex trading in Cyprus are subject to taxation. Traders must declare their earnings and comply with local tax regulations.
Is Cryptocurrency Trading Available in Cyprus?
Yes, cryptocurrency trading is available in Cyprus. Many CySEC-regulated brokers offer crypto trading as part of their range of trading instruments.
