4 Best CySEC Regulated Forex Brokers for 2025

After testing 80 brokers this year, we selected those regulated by CySEC and performed well in our rating. We checked each broker’s authorization with CySEC under MiFID II and verified key protections like negative balance protection and compensation schemes.

We also noted which brokers are headquartered in Cyprus, accept deposits and withdrawals in EUR, and provide customer support during European trading hours.

Using our consistent scorecard, we compared every platform side by side for trading fees, platform usability, and the overall quality of their trading tools.  We also assessed the range of tradable markets offered, from CFDs to futures and options. Only the brokers that proved solid across all these points made our final list.

List of Top CySEC-Regulated Brokers

How Did FXEmpire Select the Best CySEC Regulated Brokers?

• CySEC regulation. I checked a broker’s authorizations and whether it complies with the Cyprus Securities and Exchange Commission (CySEC), operating under MiFID 2. I also looked for direct trading protections, such as negative balance protection, and indirect ones, like compensation schemes.
• Offices in Cyprus. I preferred brokers (and broker entities) that are headquartered in Cyprus, which is necessary for obtaining CySEC regulation and serving traders from the European Economic Area (EEA).
• Deposit and withdrawal. I verified if brokers accept payments in EUR.
• Local customer support. Due to the specific needs of traders based in Europe, I confirmed if brokers provide customer support during the European trading session.
• Trading fees. I measured how competitive the trading fees offered by a broker are, whether commission-free trading is available, and how low the floating spreads are.
• Trading software. I analyzed the usability and efficiency of a broker’s trading platforms and tools by counting the available technical indicators, drawing tools, order types, and more. I also assessed the ease of use of a platform in terms of how clearly price action behavior is represented.
• Trading instruments. I evaluated the range of markets a broker provides and whether traders can exploit various trading opportunities in multiple ways (with CFDs, futures, options, etc.).
• Order execution. I determined whether a broker has a ‘best execution policy’ and whether the broker’s pool of liquidity providers is deep enough to facilitate a steady liquidity supply. I also measured the average speed of order execution.

Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.

Now, let us go over the selected brokers for each category.

How to Choose a Forex Broker Regulated by CySEC?

Now that we have outlined our top picks for each category, it is time to delve deeper and examine all the small details in a broker’s offering that traders need to consider before deciding to move forward and opening a trading account with the company.

What protections do you have under ESMA regulation?

As mentioned in the introduction, CySEC operates under ESMA’s MiFID II. What that means for retail traders is that they are entitled to certain protections mitigating their trading and non-trading risks. To understand what those protections are, consider the following:

• Segregated funds. In order to reduce the risk of accounting errors, brokers are mandated to keep their clients’ funds in separate bank accounts from the ones used for their corporate capital.
• Negative balance protection. This safety mechanism prevents a trader’s losses from exceeding their account balance. In case a trader’s margin is running dangerously low and a sudden upsurge in market volatility causes their running losses to exceed their account balance, the negative balance protection will be triggered, and the broker will cover the resulting negative markup. In that regard, negative balance protection is a retail trader’s last line of defense in a volatile market environment.
• Leverage. The advantages of trading leveraged products are twofold: instantaneous entries into trades since there is no need for physical delivery and bigger profits. That is, the leverage multiplies the profits generated from winning trades and the losses incurred from losing ones. In that regard, leverage is the key determinant of a trader’s market exposure, which is directly affected by market volatility. That is why under MiFID II, the maximum leverage afforded to retail traders is capped at 1:30.
• Compensation scheme. Compensation schemes and private indemnity insurance protect clients of a broker against the company’s credit risks and liabilities. In the unlikely event that a broker should go bankrupt, a trader will be compensated for any losses incurred as a consequence of the insolvency by up to a certain amount. Brokers regulated by CySEC participate in the Investors Compensation Fund (ICF), which covers their clients by up to EUR 20,000.

Read more about Best regulated forex brokers.

What are the differences between retail and professional traders?

Under MiFID II, brokers are mandated to classify their clients in two categories: as ‘retail’ or ‘professional’. Retail traders are protected by the above-mentioned safety mechanisms, whereas the same may not be applicable to professionals. They are classified as such when they have sufficient trading experience and capital to take on larger risks. I would advise against opening a pro account unless you have at least 5 years of experience trading leveraged products.

A professional trader with a CySEC-regulated broker can opt for a maximum leverage of 1:500 in order to gain bigger market exposure, whereas the maximum leverage for retail traders is capped at 1:30. Accordingly, the risks faced by professional traders are also multiplied. And since they usually trade much larger volumes compared to retail traders, professionals are excluded from the negative balance protection mechanism.

Choosing whether to be classified as a retail or professional trader essentially boils down to means, goals, aspirations on the market, and a trader’s risk aversion. Traders are ultimately responsible for deciding whether they are ready to face larger risks to make bigger profits.

Explore Best MiFID-regulated forex brokers.

How to choose a trading account based on its pricing?

A broker may have several account types, each with different pricing mechanisms. The question is, how to know which one is best fitted for your particular style of trading? I will try to answer this question by providing an example with two distinct accounts, one STP and the other ECN:

The biggest difference between STP and ECN accounts, apart from the execution model, is the pricing mechanism. Usually, STP accounts afford commission-free trading and floating spreads, whereas ECN accounts have fixed commissions and raw spreads (typically starting from 0.1 pips). At first glance, the former sounds more favorable because you only have to pay one cost – the spread – rather than two.

Read more about Best STP forex brokers and Best ECN forex brokers.

Many brokers recognize the psychological significance of this sort of thinking and seek to exploit it by raising the spreads on their STP accounts to the point where they are no longer the more competitive option. I will now demonstrate how to do a quick test for yourself to evaluate the competitiveness of a broker’s ECN and STP accounts.

Pick an instrument, say, the EURUSD. Suppose also that the spread on the pair is 0.9 pips on a broker’s STP account and 0.1 pips on its ECN account. There is also a $6 commission for trading 1 lot (100,000 units) contract. If the EURUSD pip value is $10, you can do a simple calculation to determine the value of a hypothetical position on the EURUSD executed on both account types. The formula is the value of a trade = spread x pip value + commission. When we pop in the above values, this is what we discover about our hypothetical broker:

This is just a hypothetical example, but hopefully, it illustrates how more can be less in trading. So it’s worthwhile evaluating the costs of a broker you consider opening an account with for yourself before doing so. And if you are still uncertain, you can always check out our database of reviews to sort out the most competitive brokers.

Check out our list of Best lowest spread forex brokers.

How to choose a trading platform?

Trading platforms are used to observe price action behavior and determine viable opportunities for entries into the market. Traders use technical indicators, drawing tools, and other features to examine various price patterns, changes in volatility, liquidity, and so on to gauge the underlying market sentiment.

The best platforms, in my experience, are also the most versatile ones. They include a wide spectrum of technical indicators, such as Fibonacci retracement levels, oscillators, trend-based and range-based indicators, and others, as well as drawing tools, such as trend lines, channels, wedges, and so on. Their design is also important. The most user-friendly platforms are the ones that afford price action to be manipulated with ease.

Traders should also consider whether their broker’s platform accommodates easy and fast order execution via one-click trading, supports algorithmic trading via Expert Advisors (EAs); and supports complex orders, like market, limit, and limit and stop orders, etc.

Check out our dedicated guide on best forex trading platforms.

Here are some popular trading platforms you could find on the market today:

MetaTrader 4 (MT4): MT4 is one of the most widely used trading platforms in the forex market. It offers a user-friendly interface, advanced charting capabilities, and a wide range of technical indicators and expert advisors (EAs). MT4 is known for its stability and is compatible with Windows, Mac, iOS, and Android devices. Read more about best MT4 brokers.

MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers additional features and improvements. It provides enhanced charting options, a built-in economic calendar, more order types, and access to other markets like stocks and commodities. Like MT4, MT5 is available on various operating systems. Read more about best MT5 brokers.

cTrader: cTrader is a popular trading platform known for its advanced order execution and transparency. It offers a customizable interface, multiple charting options, and a wide range of technical analysis tools. cTrader also provides access to a community of traders where you can share strategies and indicators. Read more about best cTrader brokers.

TradingView: Although not a dedicated trading platform, TradingView is widely used for its powerful charting capabilities and social trading features. Many forex brokers integrate TradingView charts into their platforms or offer them as a standalone option. TradingView allows you to analyze charts, create and backtest trading strategies, and engage with a community of traders. Read more about Best TradingView brokers.

NinjaTrader: NinjaTrader is a platform primarily used by futures and forex traders. It offers advanced charting, analysis tools, and strategy development capabilities. NinjaTrader provides a range of order types and integrates with various data providers. It is known for its algorithmic trading capabilities.

Read more about best NinjaTrader brokers.

Also, some brokers offer proprietary trading platforms, which are developed in-house and unique to their brokerage. These platforms are designed to provide a tailored trading experience with specific features and functionalities.

What to Avoid When Choosing a CySEC-Regulated Broker?

When it comes to protection, CySEC-regulated brokers offer almost the same safety mechanisms across the board because they are all made to comply with MiFID II. Hence, traders can focus more on other aspects of a broker’s offering when looking for the right partner.

Here are several things to avoid in a broker:

• Classic (STP) accounts with spreads starting from 1.5 pips or Raw (ECN) accounts with round-turn commissions above $7. These are considered above the industry average.
• Brokers that do not offer access to all major markets including FX, commodities, CFD shares, and indices.
• Brokers that cannot guarantee average order execution speeds under 100 milliseconds.

How to Avoid Forex and CFD Scams?

Scammers rely on the gullibility of traders. A commonly employed tactic by fraudsters is to promise quick and easy profits at no risk to the trader. Often, scammers would use labels that closely resemble the brands of real and legitimate companies.

To make sure you are not falling victim to such a scam, always check CySEC’s registry before funding an account with a broker. You can check if a broker’s URL matches the one listed on the website, which is a sure way of knowing you are not dealing with a clone firm.

Another thing to remember is that you must be careful where you leave your information online. Registering your details on suspicious pop-ups promising you enormous profits could result in your contact details ending up in a scammer’s dialing list. Remember, no licensed broker would make unsolicited cold calls.

The next time you get contacted out of the blue with promises of becoming the next Warren Buffet, you must remember that you are most likely speaking to a scammer. In my experience, nowhere is the “if something sounds too good to be true” saying more accurate than in the world of trading. That is why you should do your due diligence before opening an account with a broker.

Meet Our Experts

The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

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