Best forex brokers in Cyprus

Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of Cyprus, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate

Forex in Cyprus at a glance

28 forex brokers with a verified licence serve residents of Cyprus: 23 hold a local licence (CySEC) and 5 serve under an EU passport.
Top pick by Coinish Score: FxPro (71/100, Editor Rating 3.9/5).
Lowest advertised EUR/USD all-in cost: 0.1 pips (Deriv), across 15 brokers that publish one.
No minimum deposit: Deriv.

Forex in Cyprus

Local licence required

Brokers need MiFID II authorisation from an EEA regulator; firms authorised elsewhere in the EEA may serve residents under the European passport. Retail forex is offered as CFDs, which CySEC restricts under its Cyprus National Product Intervention Measures (leverage limits, margin close-out, negative balance protection).

Regulator sources (2)

“the content of Cyprus National Product Intervention Measures”
cysec.gov.cy · Oct 6, 2026
“investment firms authorised by Bafin may establish a branch, make use of tied agents or provide investment services on a cross-border basis”
bafin.de · Oct 5, 2026

Sort by

1
Top pick
FxPro
FXPRO Financial Services Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
0.7 pips
Instruments
2,100+
Min. deposit
–
71
Coinish Score
3.9/5 rating64 signal
Visit site Review
2
Capital.com
Capital Com Group Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
–
Instruments
5,500+
Min. deposit
–
69
Coinish Score
4.2/5 rating54 signal
Visit site Review
3
FOREX.com
StoneX Europe Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
0.7 pips
Instruments
2,000+
Min. deposit
–
68
Coinish Score
3.9/5 rating60 signal
Visit site Review
4
XTB
XTB Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
–
Instruments
11,900+
Min. deposit
–
68
Coinish Score
3.7/5 rating63 signal
Visit site Review
5
Interactive Brokers
Interactive Brokers Ireland Limited · CBI (Tier 1)
EU passport
EUR/USD all-in
0.6 pips
Instruments
–
Min. deposit
–
67
Coinish Score
3.7/5 rating61 signal
Visit site Review
6
ThinkMarkets
TF Global Markets (Europe) Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
0.7 pips
Instruments
4,000+
Min. deposit
–
65
Coinish Score
3.8/5 rating54 signal
Visit site Review
7
Dukascopy
Dukascopy Europe IBS AS · Bank of Latvia (Tier 2)
EU passport
EUR/USD all-in
0.8 pips
Instruments
1,500+
Min. deposit
$100
65
Coinish Score
3.6/5 rating57 signal
Visit site Review
8
AvaTrade
AVA Trade EU Ltd · CBI (Tier 1)
EU passport
EUR/USD all-in
–
Instruments
1,250+
Min. deposit
–
60
Coinish Score
3.4/5 rating52 signal
Visit site Review
9
Pepperstone
Pepperstone EU Limited · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
0.7 pips
Instruments
1,350+
Min. deposit
–
60
Coinish Score
3.8/5 rating45 signal
Visit site Review
10
IC Markets
IC Markets (EU) Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
2,850+
Min. deposit
–
59
Coinish Score
3.9/5 rating40 signal
Visit site Review
11
Plus500
Plus500CY Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
–
Instruments
2,800+
Min. deposit
–
59
Coinish Score
3.4/5 rating51 signal
Visit site Review
12
XM
Trading Point of Financial Instruments Ltd · CySEC (Tier 2)
Locally licensedOffshore-heavy group
EUR/USD all-in
–
Instruments
1,000+
Min. deposit
$5
58
Coinish Score
3.4/5 rating48 signal
Visit site Review
13
Deriv
Deriv Investments (Europe) Limited · MFSA (Tier 2)
EU passportOffshore-heavy group
EUR/USD all-in
0.1 pips
Instruments
–
Min. deposit
$0
58
Coinish Score
3.5/5 rating47 signal
Visit site Review
14
Admirals
Admirals Europe Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
–
Instruments
6,000+
Min. deposit
$100
57
Coinish Score
3.2/5 rating49 signal
Visit site Review
15
Trade Nation
Trade Nation Europe Empresa de Investimento, S.A. · CMVM (Tier 1)
EU passport
EUR/USD all-in
0.6 pips
Instruments
1,000+
Min. deposit
–
56
Coinish Score
4.2/5 rating28 signal
Visit site Review
16
Swissquote
Swissquote Capital Markets Limited · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
1.1 pips
Instruments
–
Min. deposit
–
55
Coinish Score
3.3/5 rating44 signal
Visit site Review
17
HFM
HF Markets (Europe) Ltd · CySEC (Tier 2)
Locally licensedOffshore-heavy group
EUR/USD all-in
–
Instruments
500+
Min. deposit
–
54
Coinish Score
3.0/5 rating48 signal
Visit site Review
18
Markets.com
Safecap Investments Limited · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
1 pips
Instruments
–
Min. deposit
$100
54
Coinish Score
3.3/5 rating41 signal
Visit site Review
19
NAGA
NAGA Markets Europe Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
4,000+
Min. deposit
$50
54
Coinish Score
3.0/5 rating46 signal
Visit site Review
20
FXCM
Stratos Europe Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
–
Instruments
–
Min. deposit
–
54
Coinish Score
2.9/5 rating49 signal
Visit site Review
21
Tickmill
Tickmill Europe Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
–
Min. deposit
$100
50
Coinish Score
3.1/5 rating39 signal
Visit site Review
22
Fusion Markets
Fusion Markets EU Ltd · CySEC (Tier 2)
Locally licensedOffshore-heavy group
EUR/USD all-in
0.45 pips
Instruments
250+
Min. deposit
–
50
Coinish Score
3.3/5 rating34 signal
Visit site Review
23
Libertex
Indication Investments Ltd · CySEC (Tier 2)
Locally licensedOffshore-heavy group
EUR/USD all-in
–
Instruments
1,000+
Min. deposit
€100
49
Coinish Score
2.8/5 rating43 signal
Visit site Review
24
Skilling
Skilling Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
–
Instruments
1,000+
Min. deposit
€100
47
Coinish Score
2.9/5 rating38 signal
Visit site Review
25
Eightcap
Eightcap EU Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
–
Instruments
800+
Min. deposit
–
44
Coinish Score
3.1/5 rating25 signal
Visit site Review
26
iFOREX
iCFD Ltd (iFOREX Europe) · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
–
Instruments
900+
Min. deposit
–
43
Coinish Score
2.8/5 rating31 signal
Visit site Review
27
Orbex
ORBEX Ltd · CySEC (Tier 2)
Locally licensedOffshore-heavy group
EUR/USD all-in
1.5 pips
Instruments
300+
Min. deposit
–
43
Coinish Score
2.9/5 rating28 signal
Visit site Review
28
Fortrade
Fortrade Cyprus Ltd · CySEC (Tier 2)
Locally licensed
EUR/USD all-in
–
Instruments
350+
Min. deposit
–
40
Coinish Score
2.8/5 rating24 signal
Visit site Review

Other lists for Cyprus: CFD brokers · Stock brokers & investing apps · Crypto exchanges