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The 10 Best CySEC Regulated Forex Brokers revealed. We have rated and reviewed the Best Forex Brokers regulated by the Cyprus Securities and Exchange Commission.
This is a complete listing of The 10 Best CySEC Regulated Forex Brokers. In this in-depth write-up you will learn:
- Who is the Best CySEC Regulated Forex Broker for Beginner Traders?
- Pros and Cons of a CySEC Regulated Forex Broker.
- The Cyprus Securities and Exchange Commission – A Definition.
and much, much more!
The Cyprus Securities and Exchange Commission (CySEC) – A Definition
The Cyprus Securities and Exchange Commission (CySEC) is the financial regulatory agency of Cyprus.
10 Best CySEC Forex Brokers in 2023 – A Comparison
🔎 Broker | ✒️ CySEC Regulated | 💰 Minimum Deposit | 📈 Leverage | 🚀 Open an Account |
🥇 HF Markets | ✅ Yes | $5 USD | 1:1000 | 👉 Click Here |
🥈 FXPro | ☑️ Yes | $100 USD | 1:500 | 👉 Click Here |
🥉 XTB | ✅ Yes | $250 USD | 1:500 | 👉 Click Here |
🏅 Iron FX | ☑️ Yes | $50 USD | 1:1000 | 👉 Click Here |
📌 EasyMarkets | ✅ Yes | $25 USD | 1:200 | 👉 Click Here |
📍 EightCap | ☑️ Yes | $100 USD | 1:500 | 👉 Click Here |
🏅 IC Markets | ✅ Yes | $200 USD | 1:500 | 👉 Click Here |
📌 Exness | ☑️ Yes | $200 USD | 1:1000 | 👉 Click Here |
📍 eToro | ✅ Yes | $50 USD | 1:30 | 👉 Click Here |
🏅 Plus500 | ☑️ Yes | $100 USD | 1:30 | 👉 Click Here |
10 Best CySEC Forex Brokers (2023)
- HF Markets – Overall, Best CySEC Regulated Forex Broker
- FXPro – Best CySEC Regulated Broker for Beginners
- XTB – Top Choice for Low Spreads
- IronFX – Great Range of Trading Products
- EasyMarkets – Best Risk Management Tools
- EightCap – Excellent Online Trading Experience
- IC Markets – Low Spread CySEC Forex Broker
- Exness – Popular CySEC Broker Choice for Professional Traders
- eToro – Fast Trade Execution
- Plus500 – Highly-Rated CySEC Broker
HF Markets
HFM is an award-winning forex and commodities broker that offers access to various account types, trading software, and trading tools.
HF Markets Overview
🔎 Broker | 🥇 HFM |
💰 Min. Deposit | $5 USD / R75 ZAR |
📝 Regulators | CySEC, FSC, CFTC |
₿ Crypto | No |
📌 Total Pairs | 47 |
☪️ Islamic Account | Yes |
💳 Trading Fees | Low |
🚀 Open an Account | 👉 Click Here |
HF Markets Regulation
HF Markets is well-regulated by multiple leading global entities including:
- Financial Sector Conduct Authority (FSCA)
- Cyprus Securities and Exchange Commission (CySEC)
- Dubai Financial Services Authority (DFSA)
- Financial Services Authority (FSA)
- Financial Conduct Authority (FCA)
and many more.
HF Markets Pros and Cons
✔️ Pros | ❌ Cons |
Great range of markets | Only Forex and CFDs products |
Enabled negative balance protection | Three entities in offshore zones |
FxPro
FxPro offers its services to thousands of traders in approximately 170 countries across the globe. FxPro offers superior execution and trading conditions on Oil, Gold, Currencies, and much more.
FxPro Overview
🔎 Broker | 🥇 FXPro |
📌 Regulation | FCA, CySec, FSCA and SCB |
🏆 Awards | 80+ |
🚀 Welcome Bonus | No |
☪️ Islamic Account | Yes |
💰 Minimum Deposit | $100 USD |
👍 Demo Account | Yes |
💰 Maximum Leverage | 1:30 |
💰 Minimum Lot Size | 0.01 |
💰 Maximum Lot Size | 10 000 |
🔎 Open an Account | 👉 Click Here |
FxPro Regulation
FxPro is well-regulated by multiple leading global entities including:
- Financial Conduct Authority (FCA)
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Sector Conduct Authority (FSCA)
- Securities Commission of The Bahamas (SCB)
FXPro Pro and Cons
✔️ Pros | ❌ Cons |
Regulated with several different bodies | Does not offer its services in all countries due to legal jurisdictions |
XTB
XTB is one of the largest, global stock exchange-listed FX & CFD brokers with more than 15 years of experience in the field. XTB has offices in over 13 countries across the globe and provides clients with a proprietary trading platform plus dedicated customer support.
XTB Overview
🔎 Broker | 🥇 XTB |
💰 Min. Deposit Required | None |
💵 Min. Deposit Recommended | $100 USD / R1600 ZAR |
🛑 Inactivity Fee | $10 USD / R160 ZAR |
🆓 Demo Account | ✅ Yes |
🔁 Spreads from | 0.1 |
📌 Commissions | Pro Account |
🎉 Sign Up Bonus | ✅ Yes |
🚀 Open an Account | 👉 Click Here |
XTB Regulation
XTB is well-regulated by multiple leading global entities including:
- The Financial Conduct Authority (FCA)
- The Polish Financial Supervision Authority (KNF)
- The Cyprus Securities and Exchange Commission (CySEC)
and more.
XTB Pros and Cons
✔️ Pros | ❌ Cons |
Award winning platform | Poor email support |
Negative balance protection | Limited product portfolio, mostly CFD and FX |
Easy and fast account opening | Does not hold a banking license |
Regulated by top-tier FCA | |
Broad range of educational materials |
IronFX
IronFX is a trusted service provider which offers access to Forex CFDs with competitive spreads. IronFX allows investors to trade on 300 tradable instruments from 6 asset classes on a single trading platform.
IronFX Overview
Broker’s Name | IronFX |
🏛️ Headquartered | Cyprus |
👋 CySEC | registration number 51491 |
🏦 Accounts | VIP-, STD/ECN-, Standard-, Premium-, Zero Spread Accounts |
💰 Bonus | Deposit bonus only – No sign up bonus |
📅 Year Founded | 2010 |
⚖️ Regulating Authorities | CySEC, FCA, ASIC |
🌐 Countries not accepted for trade | United States, Iran, Cuba, Sudan, Syria, and North Korea |
☪️ Islamic account (swap-free) | Yes |
💹 Sign up Bonus | No |
👍 Demo Account | Yes |
📊 Institutional Accounts | Yes |
📊 Managed Accounts | Yes (PMAM) |
📈 Maximum Leverage | 1:1000 (1:30 for EU) |
💰 Minimum Deposit | $50 USD / R 800 ZAR |
💳 Deposit Options | Local Agents, Local Bank Transfer, IronFX Card Deposit, BitWallet, WebMoney, Bank Transfer, Perfect Money, Credit/Debit Cards,UnionPay, Crypto, EasyPay, Neteller ,Skrill |
💳 Withdrawal Options | Local Agents, Local Bank Transfer, IronFX Card Deposit, BitWallet, WebMoney, Bank Transfer, Perfect Money, Credit/Debit Cards,UnionPay, Crypto, EasyPay, Neteller ,Skrill |
💻 Platform Types | MetaTrader 4, IronFX VPS Hosting, PMAM |
📱 OS Compatibility | Windows, Linux, MacOS, web browsers, Android, iOS |
📈 Tradable assets offered | Forex, Metals, Indices, Commodities, Futures, Shares |
👨💼 Languages supported on Website | Deutsch,English,Español,Français,Italiano,Português |
👥 Customer Support Languages | Thai, German, English, Spanish, French, Italian, Chinese, Portuguese, Russian, Slovakian |
📆 Customer Service Language | Multilingual |
📆 Customer Service Hours | 24/5 |
🔎 Open an Account | 👉 Click Here |
IronFX Regulation
IronFX is authorized and regulated by CySEC and has various licenses and authorizations for a number of other countries, including Australia, the UK, and South Africa.
IronFX Pro and Cons
✔️Pros | ❌ Cons |
Deposit offered | No sign up bonus |
Trading bonus offered | Terms of bonuses not provided |
Demo account provided | Only two accounts that can be opened as a demo account |
Award-winning trading platforms | Limited trading tools |
Both variable and fixed spreads offered | Restricted leverage for EU clients (1:30) as per ESMA requirements |
Eligible clients are provided with free VPS | United States, Iran, Cuba, Sudan, Syria, and North Korea not accepted |
EasyMarkets
EasyMarkets was founded as a Forex broker in 2001 as Easy-Forex. In 2016, the brokerage introduced CFD trading and re-branded it to easyMarkets.
EasyMarkets Overview
🔎 Broker | 🥇easyMarkets |
🎉Bonus | ✅ Yes |
Regulation | ASIC / CySEC |
📱 MetaTrader 4 (MT4) | ☑️ Yes |
📱 MetaTrader 5 (MT5) | No |
📊Trading Islamic Account | ✅ Yes |
📈 Spreads | 0.9 pips |
📉 Leverage | 1:400 |
💰 Withdrawal fee amount | None |
🚀 Open an Account | 👉 Click Here |
EasyMarkets Regulation
easyMarkets is owned by Easy Forex Trading LTD and is authorized and regulated by CySEC, ASIC, BVI, and FSA.
EasyMarkets Pros and Cons
✔️ Pros | ❌ Cons |
Segregates client funds | Doesn’t offer VPS |
Established in 2003 | Limited range of instruments |
Regulated by CySEC and ASIC | Not FCA Regulated |
EightCap
EightCap is an Australian financial services company that offers trading solutions and access to currencies (Forex), commodities, indices, cryptocurrencies, and shares to global customers.
EightCap Overview
🔎 Broker | 🥇 EightCap |
📝 Regulation | ASIC, SCB |
💰 Min Deposit | $100 USD / R1600 ZAR |
➕ Max Leverage | 1:30 (ASIC) / 1:500 (SCB) |
💻 Trading Desk Type | Market Maker / Dealing Desk |
🖥️ Trading platforms | MetaTrader4 / MetaTrader5 |
☪️ Islamic Account | ❌ No |
🆓 Demo Account | ☑️ Yes |
🚀 Open an Account | 👉 Click Here |
EightCap Regulation
EightCap is well-regulated by The Australian Securities and Investments Commission (ASIC), the Securities Commission of the Bahamas (SCB), and The Cyprus Securities and Exchange Commission (CySEC)
EightCap Pros and Cons
✔️ Pros | ❌ Cons |
Low Forex Fees | Slim Product Selection |
Quick Account Application | Limited Research |
Free Deposit and Withdrawal | Lack of Investor Protections |
IC Markets
IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders, scalpers, and investors new to the forex market.
IC Markets Overview
🔎 Broker | 🥇 IC Markets |
📌 Regulation | ASIC |
☪️ Islamic account (swap-free) | ✔️ Yes |
📒 Demo Account | ✔️ Yes |
💰 Bonus | No Sign-up Bonus |
✴️ Institutional Accounts | ❌ No |
👨🏼💼 Managed Accounts | ❌ No |
📈 Maximum Leverage | 1:500 |
💰 Minimum Deposit | $200 USD |
🚀 Open an Account | 👉 Click Here |
IC Markets Regulation
IC Markets is supervised by some of the strictest regulatory bodies in the world including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA), and the Securities Commission Bahamas (SCB).
IC Markets Pros and Cons
✅ Pros | ❎ Cons |
Low Forex Fees | Limited Product Selection |
Easy Account Opening | Slow Chat Response |
Exness
Exness provides traders with financial services and investment solutions that are tailored according to individual needs. Exness offers access to instant withdrawals plus fast and reliable execution.
Exness Overview
🔎 Broker | 🥇 Exness |
📝 Regulation | Multiple |
💻 Trading Desk | Market Maker, NDD |
🎉 Sign Up Bonus | None |
➖ Min. Deposit from | $10 USD |
🔁 Spreads from | 0.1 Pips |
➕ Max Leverage | 1:2000 |
💳 Commission | Yes |
🛑 Inactivity Fee | No |
🚀 Open an Account | 👉 Click Here |
Exness Regulation
Exness is well-regulated by multiple leading global entities including:
- Financial Services Authority (FSA)
- Central Bank of Curaçao and Sint Maarten (CBCS)
- Financial Services Commission (FSC)
- Financial Sector Conduct Authority (FSCA)
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FCA)
and more.
Exness Pros and Cons
✔️ Pros | ❌ Cons |
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions | There is a limited portfolio of financial instruments offered |
Traders can choose between several retail investor accounts | Exness offers a limited number of payment methods that can be used for deposits and withdrawals |
eToro
eToro is a well-known fintech social trading broker that was established in 2007 and is based in Israel. eToro boasts one of the world’s largest social trading and investment networks.
eToro Overview
🔎 Broker | 🥇 eToro |
📌 Regulation | FCA, ASIC, CySEC |
☪️ Islamic account | ☑️ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | ☑️ Yes |
📈 Maximum Leverage | 20:1 |
💰 Minimum Deposit | $50 USD |
🚀 Open an Account | 👉Click Here |
eToro Regulations
eToro is well-regulated by the Cyprus Securities & Exchange Commission (CySEC) and operates under and complies with the Markets in Financial Instruments Directive (MiFID).
eToro Pros and Cons
✔️ Pros | ❌ Cons |
Used by 6,000,000+ traders | Doesn’t allow scalping |
Established in 2006 | Inactivity Fee |
Regulated by Financial Conduct Authority, CySEC, ASIC | Limited range of instruments |
Plus500
Plus500 is a leader in the field of Contracts for Difference (CFDs) and the company delivers trading facilities on not only shares but also forex, commodities, cryptocurrencies, ETFs, options, and indices. Furthermore, Plus500 has a global reach.
Plus500 Overview
🌐 Plus500 Global Group | 📍 Location of Services | 📝 License and Regulation |
🔎 Plus500AU Pty Ltd | Australia | ASIC – Australian Securities and Investment Commission. |
New Zealand | FMA – Financial Management Association | |
South Africa | – |
Plus500 Regulation
Plus500 is fully regulated by the Australian Securities & Investments Commission (ASIC) and holds a license with the Cyprus Securities and Exchange Commission (CySEC).
Plus500 Pros and Cons
✔️ Pros | ❌ Cons |
Used by 300,000+ traders | Doesn’t allow scalping |
Established in 2008 | Inactivity Fee |
Minimum deposit from $100 | Limited range of instruments |
Conclusion
👉 Now it is your turn to participate:
➡️ Which Forex Broker with a Cyprus Securities and Exchange Commission regulation from this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of the CySEC Regulation or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: HF Markets Review
You might also like: FXPro Review
You might also like: IronFX Review
You might also like: EasyMarkets Review
You might also like: Exness Review
Frequently Asked Questions
Who is the preferred CySEC Regulated broker amongst traders in South Africa?
HF Markets is the preferred CySEC-regulated broker amongst traders. HFM offers access to a huge range of financial assets, great trading platforms, numerous trading tools, and an innovative trading app.
Will a CySEC Regulated Broker offer me protection?
Yes, CySEC Regulated Broker will keep all client funds in segregated accounts.
What is CySEC regulation?
The Cyprus Securities Exchange Commission (CySEC) is the regulator of the financial industry in Cyprus. CySEC abides by the regulatory framework as established under the Markets in Financial Instruments Directive.
What are CySEC’s responsibilities?
The main responsibilities of CySEC include the Supervision and control of the Cyprus Stock Market.
How do I know if a broker is regulated by CySEC?
This information can be found on the official site of the Forex Broker in consideration.
Featured SA Shares Writer and Forex Analyst.
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