4 Best Forex Brokers in Cyprus for 2026
Trading forex in Cyprus means operating in one of Europe’s most established brokerage hubs. With many firms headquartered there, strong oversight and transparency are essential for separating reputable brokers from the rest. To identify the best forex brokers in Cyprus, we focused on companies that combine strict CySEC regulation, competitive pricing, and a high-quality trading environment.
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We only selected brokers licensed and regulated by CySEC, and we carefully reviewed their legal documentation to ensure a high level of transparency and compliance. For convenience, we chose brokers offering EUR as a base currency and broad access to EU-denominated instruments, including forex pairs, commodities, indices, and share CFDs.
To complete the evaluation, we compared spreads, commissions, and swap fees against industry averages and tested each broker’s platform usability and feature set. We also reviewed the quality of their research and educational materials and confirmed that each broker maintains a local office in Cyprus.
List of Top Forex Brokers and Trading Platforms in Cyprus
*80% of retail CFD accounts lose money.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
IronFX | 4.4 | 4.0 | $50 | 1:30 (FCA) 1:500 (FSCA) · 1:2000 (BVI FSC) | MT4 | Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. |
Capital.com | 4.5 | 4.1 | $20 | 1:30 (FCA) 1:30 (ASIC) · 1:30 (CySEC) · 1:200 (SCB) · 1:300 (CMA UAE) | MT4, TradingView, Capital.com Web Trader, Capital.com App | Depending on the company, 70% of retail investor accounts lose money when trading CFDs with Capital.com Group. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Plus500 | 4.3 | 3.3 | $100 | 1:30 (ASIC) 1:30 (FMA) · 1:30 (FSCA) · 1:300 (FSA) · 1:30 (FCA) · 1:20 (MAS) · 1:30 (EFSA) · 1:30 (CySEC) · 1:30 (DFSA) · 1:200 (SCB) | Plus500 Web Platform, Plus500 Mobile App | CFD Service, 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money |
How Did FXEmpire Select the Best Forex Brokers in Cyprus?
- Regulated by CySEC. We only selected brokers that are licensed and regulated in Cyprus by the national regulatory body CySEC.
- High transparency. We went over the legal documents of each of our picks and made sure they are very transparent and comply with every safety mechanism mandated by the regulator.
- High execution standards. We checked each broker’s order execution standards and made sure they are fast and reliable.
- EUR as a base currency. For the convenience of traders in Europe, we only selected brokers offering EUR as a base currency.
- Choice of trading instruments from EU markets. We selected brokers with wide offerings of FX pairs, commodities, share CFDs, indices, and instruments from other European markets denominated in EUR.
- Generally low trading fees. We evaluated spreads, commissions, and swaps afforded by brokers and made sure they fall below the industry average.
- User-friendly and feature-rich platforms. We selected brokers offering user-friendly and feature-rich platforms that cater to both beginners and experienced traders.
- Supporting content. We also looked for brokers that provide extensive and highly informative research and educational materials.
- Local offices. We only selected brokers with offices in Cyprus.
Best Overall
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
Founded in 2006, the London-based CFDs broker has grown into one of the biggest, if not the biggest, names in online trading. The competitiveness of FxPro’s fees really shines when one considers the quantity and quality of tools and features offered by the broker.
Key Features:
- CySEC-Regulated Entity: FxPro Financial Services Ltd with license number 078/07
- Offices in Cyprus: Limassol
- Instruments From EU Markets: 19 FX pairs, 2 metals, 408 share CFDs, 8 indices, 3 futures
- Average EURUSD Spread (Account Type): 0.4 pips (cTrader)
- ECN Account Commissions: $7 round turn
- Available Platforms: FxPro’s platform, cTrader, MetaTrader 4&5
The thing that stood out the most to me is that FxPro affords ultra-fast execution speeds of less than 13 milliseconds on average, ranking as one of the best in the industry. Only a handful of brokers deliver such seamless performance, which is available only against a minimum deposit requirement of $1000 with FxPro.
I tested the conditions of a cTrader account, which features floating spreads from 0.4 pips and a $7 round-turn commission per traded lot (100,000 units). Executing one full contract on the EURUSD pair will cost around $11 (0.4 pips x $10 pip value + $7 commission), which meets the industry average.
The cTrader platform is feature-rich with an intuitive design, which makes it easy to scale price action up and down. FxPro reports that less than 14% of all order requests are executed with a negative slippage, meaning that the broker is one of the best choices for high-frequency traders interested in precise order execution.
Pros and Cons
- Ultra-fast order execution.
- Choice of trading platforms.
- Multiple supporting tools.
- Low floating spreads.
- High inactivity fee.
Best MT4
- $50Min Deposit
- 311Tradable Instruments
- MediumFees
Why We Picked It
We chose IronFX because it provides plenty of content and supporting tools for beginner traders who are typically interested in the beginner-friendly MetaTrader 4 (MT4) platform. The broker offers 7 account types, which I assessed to be diverse and made to serve different purposes. There is also a wide range of educational content to help newbies learn the basics of technical and fundamental analysis. IronFX was founded in 2010 and is headquartered in Cyprus.
Key Features:
- CySEC-Regulated Entity: Notesco Financial Services Ltd with license number 125/10
- Offices in Cyprus: Limassol
- Instruments From EU Markets: 20 FX pairs, 2 commodities, 7 indices, 33 share CFDs, 2 futures,
- Average EURUSD Spread (Account Type): 1.0 pips (No Commission account)
- ECN Account Commissions: $18 round turn
- Available Platforms: MetaTrader 4
I consider MT4 a practical, if somewhat basic, platform. It comprises 30 technical indicators and 23 drawing tools to help chart artists gauge market sentiment and determine viable trading opportunities. The platform also supports 9 timeframes and offers 3 different methods for representing price action. Additionally, the platform permits automated trading via its Expert Advisors (EAs) feature.
I opened a ‘No Commission’ account, which offers commission-free trading with floating spreads, as implied by its name. I recorded a 1.0 pips spread on the EURUSD, which means that executing a full-sized position (100,000 units) costs $10. This meets the industry average.
Pros and Cons
- Choice of account types
- Commission-free trading
- MT4 Multi-Terminal
- Free VPS hosting
- No alternative platforms
Best for Beginners
- $20Min Deposit
- 6313Tradable Instruments
- MediumFees
Why We Picked It
I have been reviewing brokers for more than two years, and Capital.com has the best offering for beginner traders I have ever seen, not only in Cyprus but globally. The Cyprus-based broker, which was founded in 2016, offers a choice of platforms, competitive prices, as well as an impressive collection of educational materials and supporting content.
Key Features:
- CySEC-Regulated Entity: Capital Com SV Investments Limited with license number 319/17
- Offices in Cyprus: Limassol
- Instruments From EU Markets: 19 FX pairs, 511 share CFDs, 6 indices,
- Average EURUSD Spread (Account Type): 0.6 pips (CFDs Leverage)
- ECN Account Commissions: $0
- Available Platforms: MetaTrader 4, TradingView, Capital.com’s proprietary
Beginners can learn quite a lot about technical and fundamental analysis, but what really sets Capital.com apart from other brokers is its vast collection of materials covering the intricacies of trading psychology. In my experience, learning about the psychology of trading is of crucial significance for your long-term success on the market. The broker has even developed a special educational mobile app, helping newbies learn on the go.
For the purposes of this review, I opened a CFDs Leverage account with Capital.com, which features commission-free trading and floating spreads from 0.6 pips. I assessed Capital.com’s trading fees to be below the industry average.
Beginners can use MetaTrader 4, which has an incredibly easy learning curve. Alternatively, they can choose between Capital.com’s proprietary platform and the seamless TradingView. The former also has an intuitive design and makes it easy to execute orders, whereas the latter affords in-depth analysis of price action behavior via its professional-grade charts.
Pros and Cons
- Multilayered educational content.
- Specialized learning app.
- Competitive prices.
- Choice of versatile platforms.
- Fast order execution.
- High swaps.
Best for Professional Traders
- $100Min Deposit
- 2764Tradable Instruments
- HighFees
Why We Picked It
Plus500 is a household name in the trading industry, delivering professional-grade services suited for experienced traders. What impressed me most in the offering are the hundreds of instruments from EU markets, which is ideal for those interested in more diverse trading opportunities. Plus500 was established in 2008 and is headquartered in Israel.
Key Features:
- CySEC-Regulated Entity: Plus500CY Ltd
- Offices in Cyprus: Limassol
- Instruments From EU Markets: 16 FX pairs, 800+ share CFDs and ETFs, 14 indices, multiple options on FX pairs and shares.
- Average EURUSD Spread (Account Type): 0.9 pips (Standard)
- ECN Account Commissions: Not Applicable
- Available Platforms: Proprietary Plus500 platform
Plus500 is listed on the London Stock Exchange (LSE), indicating its trustworthiness and stability. The broker operates as a market maker, providing superior execution standards and decreased risk of negative slippage. This makes it suitable for high-frequency traders interested in precise entities and exits in and out of trades.
The broker offers commission-free trading and floating spreads starting from 0.8 pips. I tested the competitiveness of its fees and determined that the broker’s pricing mechanism is slightly more competitive than the industry average.
Another great advantage of Plus500 is its professional-grade platform. It consists of over 100 technical indicators and other analytical tools, more than double the amount available with MetaTrader 4, making it ideal for experienced chart artists. The platform affords easy and sophisticated price action manipulation. Trading opportunities can be examined from multiple angles.
Pros and Cons
- Strong global presence.
- Listed on a major exchange.
- Wide range of instruments from EU markets.
- Feature-rich platform.
- No phone support.
All the Brokers We Tested
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About the Authors
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
Amy leads the prop trading area at FXEmpire, collaborating closely with industry experts to deliver insightful and trustworthy reviews. Her work ensures that readers gain transparent, reliable guidance in navigating the fast-evolving world of proprietary trading firms.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.