What should I look for when choosing a forex broker?

Focus on regulation (FCA, ASIC, CySEC), spreads and commissions, execution speed, leverage offered, and platform choice (MT4/MT5). Our ranking weights these factors algorithmically.

What is a good spread for forex trading?

Competitive EUR/USD spreads are below 1 pip on standard accounts and 0.1–0.3 pips on raw/ECN accounts. Brokers with tight spreads but commission charges often work out cheaper for active traders.

Is forex trading safe?

Forex is legal and safe when traded through a regulated broker. Look for brokers regulated by Tier-1 regulators such as the FCA (UK), ASIC (Australia), or CySEC (EU). Avoid unregulated offshore brokers.

What is the minimum deposit to trade forex in Cyprus?

15 brokers on this list accept traders from Cyprus with no minimum deposit ($0). The lowest non-zero minimum deposit among brokers available in Cyprus is $1. For better risk management and position sizing, most experts recommend starting with at least $100–$200 regardless of the broker's minimum.

Which is the top-rated broker in this list for 2026?

Based on our scoring algorithm, Interactive Brokers currently ranks #1 with a score of 4.4/5. Scores are recalculated every 24 hours as broker data changes.

Best Forex Brokers in Cyprus 2026 — Expert Rankings

What to Look For in Forex Brokers in Cyprus

When selecting a Forex broker in Cyprus, the regulatory framework is of paramount importance. The Cyprus Securities and Exchange Commission (CySEC) is the primary regulatory body ensuring that brokers adhere to strict guidelines to protect traders. A broker regulated by CySEC offers a safety net for your investments, providing a level of transparency and fairness. This regulation is especially crucial in the volatile forex market where investor protection is a priority.

Another key criterion is the cost structure, including spreads, commissions, and any additional fees. Low trading costs can significantly impact your profitability, especially for high-frequency traders. Brokers with competitive spreads and minimal additional charges are preferable. Additionally, brokers offering a variety of account types can cater to different trading needs, from beginners to advanced traders.

Lastly, the quality of the trading platform offered by the broker can make or break your trading experience. A reliable, user-friendly platform with advanced charting tools and fast execution speeds is essential. Moreover, the availability of educational resources and customer support can enhance your trading journey, especially if you are new to the forex market.

How We Rank Forex Brokers in Cyprus

Our ranking methodology for Forex brokers in Cyprus is rigorous and comprehensive, ensuring a fair evaluation of each broker's offerings. We allocate 25% of the score to regulation, emphasising the importance of CySEC oversight. Fees account for 20% of the score, as competitive pricing can lead to better trading outcomes. The quality of trading platforms is worth 15%, focusing on features, usability, and technological advancement.

We also consider the range of markets offered, which constitutes 10% of the total score. A diverse selection of currency pairs and CFDs can enhance trading opportunities. Trust, based on the broker's reputation and client feedback, accounts for 15%. Finally, user experience (UX) makes up the remaining 15%, evaluating the overall ease of use and customer support provided by the broker.

Top Picks at a Glance

Interactive Brokers: Renowned for its comprehensive trading platforms and low fees, making it ideal for both beginners and experienced traders.
Forex.com: Offers a wide range of currency pairs and extensive educational resources, appealing to traders seeking depth and learning opportunities.
IG Group: Stands out with its robust regulatory framework and innovative trading technology, ensuring a secure and advanced trading environment.
Vantage: Known for its competitive spreads and high-speed execution, it is a strong choice for traders prioritising quick and cost-effective trades.
Pepperstone: Excels in customer service and platform usability, making it a top pick for traders who value support and a smooth trading experience.

Best Forex Brokers in Cyprus 2026

Interactive Brokers

Forex.com

IG Group

FxPro

Pepperstone

OANDA

City Index

CMC Markets

XM

eToro

Saxo Bank

Plus500

AvaTrade

Capital.com

BlackBull Markets

ThinkMarkets

FBS

IC Markets

Vantage Markets

FP Markets

XTB

ForTrade

Swissquote

HFM

Admiral Markets

Exness

Deriv

Markets.com

IronFX

Dukascopy

Libertex

FXCM

FxOpen

Exante

Axi

Eightcap

EasyMarkets

MultiBank Group

InstaForex

FXTM

Webull

Trading 212

ActivTrades

Octa

NAGA

Purple Trading

Skilling

Fineco Bank

TMGM

HYCM

Aetos Capital

LiteFinance

LYNX Broker

Binance

Spreadex

Just2Trade

VT Markets

Freedom Finance

Tickmill

GO Markets

Equiti

Capital Index

Amana Capital

Windsor Brokers

BDSwiss

FXGT

Valutrades

JustMarkets

Orbex

Startrader

Hantec Markets

Darwinex