6 Best CySEC Regulated Forex Brokers
Last Update: March 12th, 2024
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 is 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
- ☑️AvaTrade – Best commodity Trading Platform.
- ☑️ Exness – Best for ForexTrading.
- ☑️Just Markets – Best for Professional Traders.
- XM– Best Trading Platform.
- Oanda – Best for Professional Traders.
- Pepperstone – Best Trading Platform.
🏆 10 Best Forex Brokers
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | SVGFSA | USD 5 | Visit 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 Account | Standard Account | From 100 USD | ✅ |
| Exness | 👉 Open Account | Standard Cent Standard Raw Spread Pro Zero | From 200 USD | ✅ |
| Just markets | 👉 Open Account | Standard Cent Standard Raw Spread Pro | From 100 USD | ✅ |
| XM | 👉 Open Account | Micro account Standard account Shares account | From 5 USD | ✅ |
| OANDA | 👉 Open Account | Standard, Core, Swap-Free, Premium, Premium Core | From 0 USD | ✅ |
| Pepperstone | 👉 Open Account | Standard account Razor account | From 200 USD | ✅ |
AvaTrade
Overview
They are a globally recognized Forex broker, 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, also catering to both novice and experienced traders.
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 centre, AvaTrade strives to empower traders with the knowledge and tools needed to succeed in the dynamic world of Forex trading.
Unique Features
| Feature | Information |
| 🏛️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 📲 Social Media Platforms | Instagram You Tube |
| 💻 Trading Accounts | Retail Account, Professional Account |
| 📊 Trading Platforms | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 💰 Minimum Deposit | $100 |
| 📉 Trading Assets | Forex 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 spread | From 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
Overview
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 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 |
| 🏛️ Regulation | FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📲 Social Media Platforms | LinkedIn YouTube |
| 💻 Trading Accounts | IG Trading Account Limited Risk Account Islamic Account (Dubai traders only) Demo Account |
| 📊 Trading Platforms | MetaTrader 4 IG Platform ProRealTime (PRT) L2 Dealer FIX API |
| 💰 Minimum Deposit | $250 |
| 📉 Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures Options |
| 💲 USD-based Account? | ✔️ Yes |
| 💲 USD Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | ❌ No |
| 📈 Minimum spread | From 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
Overview
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, 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.
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 |
| 🏛️ Regulation | CySEC, FSCA, FSA, FSC |
| ⚖️ CySeEC Regulation | ✔️ Yes |
| 📲 Social Media Platforms | LinkedIn YouTube |
| 💻 Trading Accounts | MT4 Standard Cent Account MT4 Standard Account MT4 Pro Account MT4 Raw Spread Account MT5 Standard Account MT5 Pro Account MT5 Raw Spread Account |
| 📊 Trading Platforms | MetaTrader 4 Meta Trader 5 JustMarkets App |
| 💰 Minimum Deposit | $10 |
| 📉 Trading Assets | Indices Energies Forex Metals Cryptocurrencies Shares Futures |
| 💲 USD-based Account? | ✔️ Yes |
| 💲 USD Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | No |
| 📈 Minimum spread | From 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
Overview
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.
To register, traders simply need to complete an online application, verify their identity, and fund their account using one of the supported payment methods.
With XM, traders can enjoy a seamless onboarding experience and start trading the 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 |
| 🏛️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 🏛️ Cysec Regulation | Yes |
| 📲 Social Media Platforms | LinkedIn YouTube |
| 💻 Trading Accounts | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| 📊 Trading Platforms | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 💰 Minimum Deposit | $5 |
| 📉 Trading Assets | Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares, |
| 💲 USD-based Account? | ✔️ Yes |
| 💲 USD Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | No |
| 📈 Minimum spread | From 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 traders | Spreads can fluctuate drastically and quickly |
| Traders can use leverage up to 1:1000 | There are position size limits according to the trading account |
| XM caters to various trading strategies | ompared 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 instruments | Traders 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 accounts | XM 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 protection | XM, 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
Overview
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.
Additionally, OANDA emphasizes transparency by offering a clear breakdown of fees associated with trading, ensuring clients have a comprehensive understanding of 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 |
| 🏛️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA, CFTC |
| 📲 Social Media Platforms | LinkedIn YouTube |
| 💻 Trading Accounts | Standard Account, Core Account, Swap-Free Account, Demo Account |
| 📊 Trading Platforms | Oanda Platform, MetaTrader 4, TradingView |
| 💰 Minimum Deposit | No specific minimum deposit required. |
| 📉 Trading Assets | Index 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 spread | From 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 modestly | Deposits of more than US$9,000 require additional documentation |
| Some accounts have minimal spreads, allowing for competitive trading conditions | Some accounts charge commissions per million transacted |
| OANDA offers a range of tradable markets | Some risk-averse traders may find a 50% stop-out too high |
| Advanced trading platforms include the MT4, MT5, and FxTrade platforms | Certain 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
Overview
It is a popular Forex broker, who offers a comprehensive suite of trading tools and features to cater to traders of all levels.
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 |
| 🏛️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 📲 Social Media Platforms | LinkedIn You Tube |
| 💻 Trading Accounts | Standard Account Razor Account Professional Account Demo Account Islamic Account |
| 📊 Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView Myfxbook Duplitrade |
| 💰 Minimum Deposit | AU$200 |
| 📉 Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures Options |
| 💲 USD-based Account? | ✔️ Yes |
| 💲 USD Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | ❌ No |
| 📈 Minimum spread | From 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 Pepperstone | There are limited educational materials |
| Pepperstone offers straight-through processing without dealing with desk intervention | In-house analysis and trading signals could improve |
| Pepperstone's customer support is quick to respond | While 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%.
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 to verify if 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.
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