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Best Forex Brokers in Cyprus

I am sure that most of you asked yourself this question at least once; why are there too many forex brokers in Cyprus? There are two main reasons for that, guys. MiFID and low taxes. MiFID stands for the Markets In Financial Instruments Directive. This is a European Union Law and determines investment regulation in every member state of European Economic Area. This law grants passporting rights for investment firms founded in any EEA country to offer services and products to citizens of other EEA countries.

Besides, Cyprus charges the lowest corporate tax in all European Union countries with a flat 10% rate. Thus, opening up a forex brokerage business in Cyprus compared to other EU countries, say UK, reduces the company’s tax load significantly.

Strong internet and telecommunication infrastructure are two prerequisites for forex brokerage businesses and Cypriot government has been investing vastly in those two recently. So this makes Cyprus even for attractive for forex firms.

Forex brokers in Cyprus are regulated by CySEC. I would rank it as fourth based on trustworthiness after CFTC, FCA and ASiC.

What are the best brokers regulated by CySEC?

Broker Info Regulator Bonus Next Step

Headquarters: UK
Min Deposit: $5
Leverage: 888:1

CySEC, ASiC, FCA

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Open Account

Headquarters: Cyprus
Min Deposit: $5
Leverage: 1000:1

CySEC, IFSC

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Open Account

Headquarters: Cyprus
Min Deposit: $100
Leverage: 1000:1

CySEC

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Open Account

Headquarters: Russia
Min Deposit: $1
Leverage: 1000:1

CySEC, BVI, FSC

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Open Account

Headquarters: Cyprus
Min Deposit: $1
Leverage: 2000:1

FCA, CySEC

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Open Account

Headquarters: Cyprus
Min Deposit: $100
Leverage: 400:1

CySEC, ASiC

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Open Account

Headquarters: Belize
Min Deposit: $1
Leverage: 3000:1

CySEC, IFSC

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Open Account

Headquarters: Cyprus
Min Deposit: $1000
Leverage: 500:1

CySEC, FCA

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Open Account

Headquarters: UK
Min Deposit: $100
Leverage: 500:1

CySEC, FCA

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Open Account

Headquarters: UK
Min Deposit: $100
Leverage: 400:1

CySEC, FCA

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Open Account

Headquarters: Cyprus
Min Deposit: $1000
Leverage: 400:1

CySEC

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Open Account

Headquarters: Cyprus
Min Deposit: $500
Leverage: 400:1

CySEC, BaFin, FCA

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Open Account

Headquarters: Cyprus
Min Deposit: $50
Leverage: 400:1

CySEC, FCA

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Open Account

Headquarters: UK
Min Deposit: $100
Leverage: 300:1

FCA, CySEC, ASiC

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Open Account

Headquarters: Cyprus
Min Deposit: $1000
Leverage: 500:1

CySEC

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Open Account

Headquarters: Cyprus
Min Deposit: $250
Leverage: 30:1

CySEC

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Open Account

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