27 Best CySEC Forex Brokers – ( Reviewed ) 2020

CySEC Brokers

CySEC Brokers

 

CySEC Forex brokers are widespread in the industry, as there are a large number of brokers regulated by the CySEC that offer a wide range of trading products and brokerage services for investors in the EU, and across the globe.

CySEC stands for Cyprus Securities and Exchange Commission, which is a regulatory agency based in the Republic of Cyprus.

CySEC is the preferred choice amongst a wide range of brokers because Cyprus has lenient tax laws, easy and simple business set up procedures, and compared to many other Рrelaxed rules and guidelines for creating a financial company.  For these reasons, Forex brokers find it easy to set up their brokerage in Cyprus to capture the immense majority of Forex traders in the EU, which is one of the primary reasons why Forex brokers prefer CySEC over any other regulatory agency in the world.

CySEC allows brokers to cater to any region in the EU owing to the EEA agreement, which binds all of the EU nations together, tapping into the highly lucrative trading market in the EU without having to set up a representative office in any other countries.

 

What to look for when choosing a CySEC Broker

 

CySEC regulated brokers are assigned a valid trade license paired with a unique tracking code which will assist traders in performing extensive research about a broker before opening an account with the company.

 

CySEC’s official website provides also provides a platform where traders can scroll through multiple FX brokers and choose a broker that meets their specific needs.

 

A review about FXTM
 

 

FXTM

 

Leverage:                            1:30 | 1:200

Regulation:                         CySEC, FCA, FSCA

Min. Deposit:                    US$200

HQ:                                        Cyprus

Platforms:                           MT4, MT5

Founded in:                        2011

 

The FXTM or Forex Time company was launched in 2011 with its headquarters situated in Cyprus (Limassol) is also authorized by Financial Conduct Authority and other regulators.

 

Pros and Cons

 

Pros Cons
One of the best Forex Brokers worldwide Withdrawal fee
Regulated by the CySEC and several other Forex authorities High Stocks trading Spread
Numerous industry awards
Low Deposit Requirement
Tight Spreads

 

FXTM Accounts

 

FXTM offers their clients convenience by means of separate accounts for Forex trading and Invest Accounts in the form of 6 account types.

 

  • Fast Account Opening, fully Digital
  • 6 Account types with ECN and Standard execution
  • Great options for a particular trading style
  • Low Minimum deposit
  • Free deposit

 

Standard, Cent Account and Shares Account

 

The FXTM Standard Account is a most balanced feature for all with floating spread from 1.3 pips, while FXTM¬†Cent Account¬†is a good starting point for beginners only asking traders to make a small deposit to start ‚Äď 5$, spreads from 1.5 pips and instant execution model or Cent lots.

FXTM Shares Account is specifically designed for traders who prefer trading on stocks over 120 US shared, allowed hedging and as spreads as low as 0.1 pips.

 

ECN Accounts

 

The second group of accounts are known as FXTM ECN Accounts and are split into three features designed for specific needs:

 

  • The FXTM ECN ZeroAccount is a non-commissionable account and offers traders a low deposit of $200 to start with spreads starting from 1.5 pips with no re-quotes execution and allowed hedging,¬†scalping features.

 

  • The FXTM ECN account enclose commission of 2$ per lot, and includes unlimited orders and traders can enjoy low spreads from 0.1 pips.

 

  • The FXTM Pro Accountis designed for professionals with a deposit of $25,000, and offers floating leverage, interbank spreads starting at 0 and a great variety of assets.

 

FXTM Trading Platforms

 

FXTM offers good range selection of markets and account features, with trading platforms which include MT4 and MT5.

 

Web Trading Platform

 

The FXTM platform, MT4 or MT5 software both offer various versions available either as WebTrading platforms or by being installed directly on any device. Web trading software is a great option for beginners and regular size traders alike, as the platform is accessible from the browser, and does not require any installation, is easy to save and to navigated.

 

Desktop Trading Platform

 

If a trader requires more tools along with powerful customization, they can choose the Desktop version. MetaTrader supports all kinds of devices including PC, MAC as well as an accessible Multi Terminal which is useful for money managers.

 

All necessary tools are included in the package, from risk management to analysis.

 

Pros and Cons

 

Pros Cons
Customer-friendly design No proprietary platform
A comprehensive range of tools
Automated trading capabilities
Clear look and feel report
Industry leading software
Education material and automated strategies available

 

Mobile Trading Platform

 

FXTM offers applications for mobile or tablet devices, to access an account at a trader’s personal convenience.  The design is clear and customizable.

 

In Conclusion

 

FXTM offers a quality trading platform for both beginners and experienced traders or investors. Trading with ForexTime carries many other advantages including the account variety is very impressive.

 

A review about Pepperstone
 

Pepperstone

 

Pepperstone Limited is an online forex and CFD broker which providers traders with low-cost pricing across all forex, CFDs and commodities.

 

Pepperstone offers a range of online trading platforms which include:

 

  • MetaTrader 4¬†(MT4)
  • cTrader
  • WebTrader
  • Mobile apps for iPhone, Android and tablets

 

Recently, Pepperstone has made the announcement that they will in future also be offering the MetaTrader 5 (MT5) platform.

 

Pros and Cons

 

Pros Cons
Segregates client funds Limited range of instruments
Established in 2010
Regulated by Financial Conduct Authority, UK and ASIC
Min. deposit from $200

 

To open a live account, traders will need to make a minimum deposit of at least $200, alternatively, Pepperstone offers a demo account. Pepperstone also offers traders over 170 different instruments to trade, including over 61 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Allows scalping Demo account Credit cards
Allows hedging Mini account Bank Transfer
Offers STP Standard account PayPal
Low min deposit MAM/PAMM account Skrill
Offers Negative Balance Protection Islamic account Payoneer
Neteller

 

Pepperstone supports a wide range of languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic.

 

A review of FP Markets
 

FP Markets

 

Leverage:                            1:500

Regulation:                         ASIC, CySEC

Min. Deposit:                     100 US$

HQ:                                        Australia

Platforms:                           IRESS, MT4, MT5

Found in:                             2005

 

 

The FP Markets was established in 2005 and serves over 12,000 clients across the globe.  FP Markets connect traders to the market through electronic bridges and DMA pricing models.  FP Markets offers traders access to trade 13,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Cryptocurrencies, Equity CFDs, offering competitive spreads and flexible leverage throughout one account. FP Markets is marked safe as it is an established Australian broker.

 

Trading Platforms

 

Traders can choose between MT4, MT5 and IRESS platforms as well MAM and PAMM account possibility for money managers.  In addition, the platform offers one click trading, algorithmic rules, indicators, also newly launched Autochartist which allows traders to participate with comprehensive trading capabilities.

 

Accounts

 

FP Markets offer two account types with STP and ECN execution models available through MT4 or MT5 platforms. FP Markets also offers three IRESS account types which covers traders who prefer to use this particular software.

 

The minimum deposit amount is defined by FP Markets account type chosen, the Standard account requires only $100, ECN account Р$100.

 

In Conclusion

 

FP Markets is among the most awarded CFD and FX trading providers in the world and establishes a direct access to markets through sophisticated technology which provides a wide range of instruments to trade and competitive pricing.

 

A review of XM
 

XM

 

Leverage:                            1:30 to 1:888 *Depends on the entity of the group

Regulation:                         CySEC, ASIC, IFSC

Min. Deposit:                    US$5

HQ:                                        Cyprus, Australia, Belize

Platforms:                           MT4, MT5, XM WebTrader

Founded in:                        2009

 

XM operates with clients from over 196 countries and offers support in 30 languages. The main branch located in Cyprus is regulated by CySEC.  1.5 Million Traders and investors choose XM and their wide range of XM trading products on offer.

 

Accounts

 

You may be a new or professional trader so XM made an ideal choice between account types to suit your trading potential, also with a potential capability to magnify your income with a correct selection of the account type. You may open an account following simple steps of verification and submit through a fully digital process simple to navigate.

If you are new to trading a demo account is another useful tool to test trading potential which XM is offering for free use.

In addition, upon clients’ requests, the account may be referred to a swap-free/ Islamic account, which implies no swap interest and suitable for traders following Sharia laws.

 

Pros and Cons

 

Pros Cons
Fast digital account opening Account types vary according to jurisdiction
Easy switch between Demo and Live Account
Very Low minimum deposit

 

Account types

 

Four main account types are on offer¬†‚ÄstMicro, Standard, XM Ultra Low Account and Shares Accounts.

As for the account base currencies, traders can select the base currency of their preference from a large selection on offer. This range includes even South African Rand (ZAR) or Singapore Dollar (SGD), and other global currencies.

 

Platforms

 

The most popular industry platforms MT4 and MT5 are available.

 

Web Trading

 

Accounts are directly accessible and all platforms are integrated with a full site of technical analysis, indicators and comprehensive tools, stop or trailing orders

 

Desktop Trading Platform

 

Because XM uses MT4 or its newer version MT5 traders are able to use its powerful capabilities along with automated trading or the trading robots.

 

Mobile Trading Platform

 

XM MT4 Android and iOS apps, along with XM MT5 apps are available.

 

In Conclusion

 

XM is a well-regulated broker which offers truly transparent conditions and is extremely customer friendly.

 

A review on Plus500
 

Plus500

 

Plus500 is a UK based broker with offices located in the City of London.  Plus500 is one of the leading providers of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities, ETFs, options and indices, partnered with a range of trading technology.

 

Pros and Cons

 

Pros Cons
Used by 300,000+ traders Doesn’t allow scalping
Established in 2008 Inactivity Fee
Min. deposit from $100 Limited range of instruments

 

Plus500 offers over 2,000 different instruments to trade, including over 61 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Low min deposit Demo account Credit cards
Guaranteed stop loss Standard account Bank Transfer
Offers Negative Balance Protection Islamic account PayPal
Skrill

 

Plus500 offer traders a user-friendly custom trading platform, which is available as a downloadable program or as a browser based WebTrader.

 

A review of XTB
 

XTB

 

XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe.  XTB is regulated by some of the world’s biggest supervision authorities and has been listed on the Warsaw Stock Exchange since 2016.

 

Unique Features of XTB

 

XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from:

 

  • xStation 5
  • MT4

 

XTB is different from other brokers in three main aspects: its trading platform, their level of educational and analytical materials, and a high level of support.  XTB offers free educational material in the form of their online Trading Academy and video tutorials.

 

Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.

 

Pros and Cons

 

Pros Cons
Used by 230,000+ traders Doesn’t offer VPS
Established in 2002 Limited range of instruments
Regulated by Financial Conduct Authority Not ASIC Regulated
Min. deposit from $1

 

To open a live account, traders will need a minimum deposit of at least $1.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Allows scalping Demo account Credit cards
Allows hedging Micro account Bank Transfer
Offers STP Mini account PayPal
Low min deposit Standard account Skrill
Guaranteed stop loss Islamic account Payoneer
Offers Negative Balance Protection Netelle

 

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

 

 

A review about Saxo Bank
 

Saxo Bank

 

Saxo Bank is a Danish investment bank that was founded in 1992, providing online trading and investments and is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).   Saxo Bank is a global service provider.

 

Saxo Bank is Recommended for investors and traders looking for a great trading platform and solid research.

 

Pros and Cons

 

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

 

A review about TradeStation
 

Tradestation

 

Tradestation is a US stockbroker which was founded in 1982 and is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Tradestation clients are eligible for up to $500,000 (cash up to $250,000) investor protection per account.

Tradestation is recommended for traders focusing on us markets and buy-and-hold investing

 

Pros and Cons

 

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Poor customer service

 

A review about Swissquote
 

Swissquote

 

Swissquote is a Swiss investment bank which was established in 1996 and has two main trading arms: a Swiss unit for trading stocks, funds, options and futures and a company in the UK for CFDs and forex.

 

Swissquote is recommended for affluent investors who value safety and are ok with higher fees.

 

Pros and Cons

 

Pros Cons
Access to many markets and products High trading fees
No inactivity fee Confusing trading platform selection
Rock-solid background Some research tools are not free

 

Read 27 ūü•á Best ASIC Forex Brokers – ( Reviewed ) 2020

 

A review about eToro
 

eToro

 

eToro is a leading social trading platform for trading major financial markets including stocks, forex and cryptocurrencies.

 

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
Min. deposit from $200

 

eToro offers over 1,083 different instruments to trade, including over 47 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Offers STP Demo account Credit cards
Low min deposit Micro account Bank Transfer
Mini account PayPal
Standard account Skrill
Islamic account Payoneer
Neteller

 

eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

 

A review on OctaFX
 

OctaFX

 

OctaFX is one of the very few forex brokers which offers Nigerian traders Metatrader and cTrader.

OctaFX offer Market execution with all their platforms and allows scalping & hedging, Expert Advisors and custom indicators.

 

VPS service is also available with their MT4 platform.

 

OctaFX Key Features:

 

  • Supports:¬†MT4, MT5 & cTrader for desktop, web & mobile
  • Minimum deposit:¬†$100 (‚ā¶36,000)
  • Leverage:¬†1:500 (variable based on account type)
  • Trading Instruments:¬†28 currency pairs, 3 Cryptocurrencies, CFDs on Indices, metals

 

A review about Alpari
 

Alpari

 

Alpari offers the latest MT5 software coupled with solid features without a freezing or downtime. Alpari also offer instant order execution with Nano, Standard accounts, and market execution with their ECN accounts and comes with multiple timeframes, order types and many technical indicators for technical analysis. There is a news feed built in to keep track of any news during trading and a PAMM account for investors are also on offer with an app where traders can keep track.

 

Alpari Key Features:

 

  • Supports:¬†MT4 & MT5 with multi device support
  • Minimum deposit:¬†‚ā¶0
  • Leverage:¬†1:1000
  • Trading Instruments:¬†46 Forex pairs, Cryptocurrency, CFDs on Indices

 

A review about Tickmill
 

Tickmill

 

Tickmill has a 100% NDD forex platform, meaning that there is no conflict of interest with their clients. Tickmills’ MT4 has full support for EA’s, multiple charts, news, limit orders & much more.

 

Tickmills’ MT4 is supported on Windows, Mac, Android, iOS, as well as webtrader and the platform has 62 currency pairs.

 

Key Features include:

 

  • Supports:¬†Metatrader for desktop, web & mobile
  • Minimum deposit:¬†$100 (~‚ā¶36,000)
  • Leverage:¬†1:500
  • Trading Instruments:¬†Forex, CFDs on Stock Indices, precious metals

 

A review about easyMarkets
 

EasyMarkets

 

EasyMarkets was founded in 2001 with the mission to transform trading from an activity exclusively for wealthy individuals and institutions, into a market that anyone could access, with initial deposits from $25.

 

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
Min. deposit from $1

 

To open a live account, traders will need to make a minimum deposit of at least $1 and a demo account is also on offer.  EasyMarkets offers traders over 191 different instruments to trade, including over 135 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Allows scalping Demo account Credit cards
Allows hedging Micro account Bank Transfer
Low min deposit Mini account Payoneer
Guaranteed stop loss Standard account Neteller
Offers Negative Balance Protection Islamic account

 

EasyMarkets support a wide range of languages including English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew.

 

A review about Admiral l Markets Review
 

Admiral Markets

 

Admiral Markets is a forex and CFD broker who gives traders access to major markets like currencies, indices, commodities and shares alongside cryptocurrencies like Bitcoin, Admiral Markets is one of the few brokers that offer cryptocurrency CFDs.

Pros and Cons

 

Pros Cons
Segregates client funds Inactivity Fee
Established in 2001  
Regulated by Financial Conduct Authority, CySEC  
Min. deposit from $100  

 

Admiral Markets offers traders over 4000 different instruments to trade, including over 47 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Allows scalping Demo account Credit cards
Allows hedging Micro account Bank Transfer
Offers STP Mini account Skrill
Low min deposit Standard account Payoneer
ECN account Neteller

 

Admiral Markets support a wide range of languages including English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian.

 

ForexTime Review
 

ForexTime

 

ForexTime is a forex and CFD trading broker which gives traders access to a wide variety of instruments in several markets like currencies, commodities and etfs.

 

Pros and Cons

 

Pros Cons
Segregates client funds Limited range of instruments
Established in 2011 Not ASIC Regulated
Regulated by CySEC
Min. deposit from $10

 

To open a live account, traders will need a minimum deposit of at least $10.  ForexTime offers traders over 249 different instruments to trade, including over 57 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Allows scalping Demo account Credit cards
Allows hedging Micro account Bank Transfer
Offers STP Mini account Payoneer
Low min deposit Standard account Neteller
Offers Negative Balance Protection Zero spread account
ECN account
Islamic account

 

ForexTime support a wide range of languages including Italian, Malay, Polish, Dutch, English, Arabic, Chinese, Czech, Indonesian, Russian, Serbian, Slovak, Spanish, French, German, and Greek.

 

A review of FxPro
 

FXPro

 

FXPro is a forex and spread betting broker which gives traders access to major markets like currencies, indices, commodities and shares and cryptocurrencies like Bitcoin.

 

Pros and Cons

 

Pros Cons
Segregates client funds Not ASIC Regulated
Established in 2006
Regulated by Financial Conduct Authority, CySEC, DFSA and SCB
Min. deposit from $100

 

To open a live account, traders will need to make a minimum deposit of at least $100.  FXPro offers over 285 different instruments to trade, including over 75 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Allows scalping Micro account Credit cards
Allows hedging Mini account Bank Transfer
Low min deposit Standard account PayPal
Offers Negative Balance Protection Islamic account Payoneer
Neteller

 

FXPro support a wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Romanian, Turkish, Czech, Slovak, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese.

 

A review of UFX
 

UFX

 

UFX is a forex and CFD trading broker who gives traders access to major markets like currencies, indices, commodities and shares and cryptocurrencies like Bitcoin.

 

Pros and Cons

 

Pros Cons
Segregates client funds Doesn’t allow scalping
Established in 2007 Inactivity Fee
Regulated by CySEC Not FCA Regulated
Min. deposit from $500

 

UFX offers over 484 different instruments to trade, including over 49 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Allows hedging Demo account Credit cards
Offers STP Micro account Bank Transfer
Offers Negative Balance Protection Mini account Payoneer
Standard account Neteller
Islamic account American Express

 

UFX support a wide range of languages including Arabic, English, French, Portuguese, and Russian.

 

Read 27 ūü•á Best Motivational Forex Trading Quotes – ( Reviewed ) 2020

 

A review about HYCM
 

HY Markets

 

HY Markets is a forex and CFD trading broker which gives traders access to major markets like currencies, indices, commodities and shares and cryptocurrencies like Bitcoin and CFDs.

 

Pros and Cons

 

Pros Cons
Segregates client funds Doesn’t offer VPS
Established in 1977 Inactivity Fee
Regulated by Financial Conduct Authority Limited range of instruments
Min. deposit from $1 Not ASIC Regulated

 

HY Markets offers over 1,500 different instruments to trade, including over 48 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Allows scalping Micro account Credit cards
Allows hedging Mini account Bank Transfer
Low min deposit Standard account PayPal
Islamic account Payoneer

 

HY Markets support a wide range of languages including English, Chinese, Arabic, and Russian.

 

A review of Exness
 

Exness

 

The Exness Group was founded in 2008, and offers traders access to more than 120 financial instruments to trade across.  Trading platforms available from Exness includes MetaTrader 4, MetaTrader 5, mobile trading platforms and the MT4 WebTerminal.

 

Pros and Cons

 

Pros Cons
Segregates client funds Limited range of instruments
Established in 2008 Not FCA Regulated
Min. deposit from $1

 

Exness offers over 105 different instruments to trade, including over 103 currency pairs.

 

Benefits

 

Trading Features: Accounts offered: Funding methods:
Allows scalping Demo account Credit cards
Allows hedging Mini account Bank Transfer
Offers STP Standard account Payoneer
Low min deposit ECN account Neteller
Islamic account

 

Exness support a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish.

 

Trading 212 Review
 

Trading 212

 

Trading 212 is an online broker which founded in 2006 and offers Stocks trading, Forex trading, Commodities trading, and Indices trading.  Trading 212 is a global broker with a head office situated in the UK.

 

With Trading 212 traders will need to make a minimum deposit of $1 but a demo account is also on offer.  Trading 212 is suitable to various levels of traders whether it be experienced or beginner.

 

Trading 212 Trading benefits:

 

  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

 

Trading 212 Trading Accounts Offered:

 

  • Invest account
  • ISA account
  • CFD account
  • Demo account

 

Trading 212 support a wide range of languages including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, and more.

 

A review about FXPRIMUS
 

FXPrimus

 

FXPrimus is an online broker who was founded in 2009 and offers Forex trading, and Social Trading.

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

 

FXPrimus Trading Accounts Offered:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Managed account
  • Islamic account

 

FXPrimus support a wide range of languages including English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian.

 

RoboForex Review pros and cons
 

Roboforex

 

Roboforex is an online broker which was founded in 2009 and offers Forex and CFDs trading.

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

 

Roboforex Trading Accounts Offered:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • STP account
  • Islamic account

 

Roboforex allow you to execute a minimum of trade of 0.01 Lot, and offers support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian.

 

Markets.com

 

Markets.com is an online broker which was founded in 2008 and offers Forex trading, CFDs and Spread Bets. Spread Bets are only available to UK customers trading.

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

 

Markets.com Trading Accounts Offered:

 

  • Demo account
  • Mini account
  • Standard account
  • Islamic account

 

Markets.com support a wide range of languages including Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish.

 

ETFinance

 

ETFinance is an online broker founded in 2018 which offers Forex trading, Spread Betting trading, and Share Dealing trading.  ETFinance offers over 150 instruments and over 50 currency pairs.

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

ETFinance Trading Accounts Offered:

 

  • Demo account
  • Standard account
  • Islamic account

 

ETFinance support a wide range of languages including English, Spanish, German, Dutch, Italian, Portuguese.

 

A review of Phoenix Markets
 

Phoenix Markets

 

Phoenix Markets are an online broker founded in 2013 offering Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

 

Benefits

 

  • Allows scalping
  • Offers STP

 

Phoenix Markets Trading Accounts Offered:

 

  • Demo account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

 

Phoenix Markets offers a demo account support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, Russian.

 

A review about iTrader
 

iTrader

 

iTrader is an online broker which was founded in 2010 offering Forex trading, Spread Betting trading, and Share Dealing trading.

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

iTrader Trading Accounts Offered:

 

  • Demo account
  • Standard account
  • Islamic account

 

iTrader allow traders to execute a minimum of trade of varies, depending on the account opened. iTrader support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, Russian.

 

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In Conclusion

 

CySEC is there to protect all market players but emphasis is placed on consumer protection.  Cyprus came up with a number of comprehensive CySEC guidelines which are constantly amended and renewed to keep brokering firms in check and In order for any forex broker to attain permission to operate within Cyprus they must conform to these regulations.

 

Frequently Asked Questions

 

What is CySEC Forex Brokers?

Forex brokers that are regulated by the Cyprus Securities and Exchange Commission ‚Äď a regulatory body that is based in the republic of Cyprus.

Is it safe to trade with CySEC regulated Forex Brokers?

Yes.

Who are CySECForex Brokers?

Here is a list of the 27 Best SySEC Forex Brokers

Is it easy set up a brokerage in Cyprus?

In Cyprus forex brokers find it quite easy to set up a brokerage, mainly because of the relaxed rule and guidelines for creating a financial company.

Is FXTM a CySEC Forex Broker?

Yes.

 

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