CySEC
Cyprus Securities and Exchange Commission · Cyprus
Negative-balance protection is required
CySEC rules require CFD providers to protect retail clients from losing more than the funds in their account.
“Introducing a negative balance protection per account basis, so that retail clients cannot lose more than the total funds in their trading account”
Source · checked Oct 6, 2026
Investor compensation
- Investor Compensation Fund (Cyprus), limit: Not verified yet
What a Tier 2 regulator means
Recognised national regulator (incl. smaller EU MiFID regulators) with client-money rules but less capacity or weaker compensation. We use this tier in the regulation part of every Editor Rating. How regulator tiers work.
Where a CySEC licence counts on Coinish
It is the local regulator for Cyprus: a company licensed by CySEC counts as locally licensed there. As a regulator in the European Economic Area, its licensees can also serve other EEA countries under the EU passport once they have notified those countries; we record which ones each company serves.
How to check a CySEC licence
- Open the CySEC public register and search for the company name or licence number shown in the broker’s website footer.
- Check the legal name matches the company named in your account agreement: brokers often run several companies under one brand.
- Check the licence is current and covers the service you want (for example dealing in CFDs or holding client money).
Lists where CySEC-licensed companies are ranked
Forex brokers in Germany (21) · CFD brokers in Germany (23) · Stock brokers & investing apps in Germany (5) · Crypto exchanges in Germany (2) · Forex brokers in the Netherlands (21) · CFD brokers in the Netherlands (23) · Stock brokers & investing apps in the Netherlands (5) · Crypto exchanges in the Netherlands (2) · Forex brokers in Italy (22) · CFD brokers in Italy (24) · Stock brokers & investing apps in Italy (5) · Crypto exchanges in Italy (2) · Forex brokers in Spain (21) · CFD brokers in Spain (23) · Stock brokers & investing apps in Spain (5) · Crypto exchanges in Spain (2) · Forex brokers in Austria (21) · CFD brokers in Austria (23) · Stock brokers & investing apps in Austria (5) · Crypto exchanges in Austria (2) · Forex brokers in Croatia (21) · CFD brokers in Croatia (23) · Stock brokers & investing apps in Croatia (5) · Crypto exchanges in Croatia (2) · Forex brokers in Portugal (22) · CFD brokers in Portugal (24) · Stock brokers & investing apps in Portugal (5) · Crypto exchanges in Portugal (2) · Forex brokers in Cyprus (23) · CFD brokers in Cyprus (25) · Stock brokers & investing apps in Cyprus (6) · Crypto exchanges in Cyprus (2)
Tracked entities licensed by CySEC
| Broker | Entity | Licence | Serves |
|---|---|---|---|
| eToro | eToro (Europe) Ltd | 109/10 | EEA (EU passport) |
| Plus500 | Plus500CY Ltd | 250/14 | Cyprus, Austria, Belgium, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, IS, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |
| Pepperstone | Pepperstone EU Limited | 388/20 | EEA (EU passport) |
| IC Markets | IC Markets (EU) Ltd | 362/18 | Cyprus, Austria, Belgium, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, IS, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |
| XTB | XTB Ltd | 169/12 | Cyprus |
| Admirals | Admirals Europe Ltd | 201/13 | EEA (EU passport) |
| AvaTrade | DT Direct Investment Hub Ltd. | 347/17 | Not verified |
| FOREX.com | StoneX Europe Ltd | 400/21 | Cyprus, Austria, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |
| City Index | StoneX Europe Ltd | 400/21 | Not verified |
| Swissquote | Swissquote Capital Markets Limited | 422/22 | EEA (EU passport) |
| FxPro | FXPRO Financial Services Ltd | 078/07 | Cyprus, Austria, Belgium, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, IS, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |
| Tickmill | Tickmill Europe Ltd | 278/15 | Cyprus, Austria, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, IS, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |
| ThinkMarkets | TF Global Markets (Europe) Ltd | 215/13 | Cyprus, Austria, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, IS, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |
| Eightcap | Eightcap EU Ltd | 246/14 | Cyprus, Austria, Belgium, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, IS, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |
| Capital.com | Capital Com Group Ltd | 463/25 | EEA (EU passport) |
| Capital.com | Capital Com SV Investments Ltd | 319/17 | Not verified |
| Trading 212 | Trading 212 Markets Ltd | 398/21 | Cyprus, Austria, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, IS, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |
| XM | Trading Point of Financial Instruments Ltd | 120/10 | EEA (EU passport) |
| Exness | Exness (Cy) Ltd | 178/12 | Not verified |
| HFM | HF Markets (Europe) Ltd | 183/12 | EEA (EU passport) |
| Revolut | Revolut Digital Assets (Europe) Ltd | MiCA CASP · LEI 549300ET4IUR6RCZOL84 | Cyprus, Austria, Belgium, BG, CZ, Germany, Denmark, EE, GR, Spain, Finland, France, Croatia, Ireland, IS, Italy, LI, LT, LU, LV, MT, Netherlands, Norway, Poland, Portugal, Romania, Sweden, SI, SK |
| FXCM | Stratos Europe Ltd | 392/20 | EEA (EU passport) |
| Fusion Markets | Fusion Markets EU Ltd | 444/24 | Cyprus, Italy, Poland, Portugal |
| Libertex | Indication Investments Ltd | 164/12 | EEA (EU passport), Switzerland |
| Skilling | Skilling Ltd | 357/18 | EEA (EU passport) |
| NAGA | NAGA Markets Europe Ltd | 204/13 | EEA (EU passport) |
| Markets.com | Safecap Investments Limited | 092/08 | EEA (EU passport) |
| Fortrade | Fortrade Cyprus Ltd | 385/20 | EEA (EU passport) |
| IronFX | Notesco Financial Services Ltd | 125/10 | Not verified |
| iFOREX | iCFD Ltd (iFOREX Europe) | 143/11 | EEA (EU passport) |
| FXGT | GT Investment Services Ltd | 382/20 | Not verified |
| Orbex | ORBEX Ltd | 124/10 | Cyprus, Austria, Belgium, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, IS, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |
| Freedom24 | Freedom Finance Europe Ltd | 275/15 | Cyprus, Austria, Belgium, BG, Croatia, CZ, Denmark, EE, Finland, France, Germany, GR, HU, IS, Ireland, Italy, LV, LI, LT, LU, MT, Netherlands, Norway, Poland, Portugal, Romania, SK, SI, Spain, Sweden |