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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

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

  1. Open the CySEC public register and search for the company name or licence number shown in the broker’s website footer.
  2. Check the legal name matches the company named in your account agreement: brokers often run several companies under one brand.
  3. 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

BrokerEntityLicenceServes
eToroeToro (Europe) Ltd109/10EEA (EU passport)
Plus500Plus500CY Ltd250/14Cyprus, 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
PepperstonePepperstone EU Limited388/20EEA (EU passport)
IC MarketsIC Markets (EU) Ltd362/18Cyprus, 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
XTBXTB Ltd169/12Cyprus
AdmiralsAdmirals Europe Ltd201/13EEA (EU passport)
AvaTradeDT Direct Investment Hub Ltd.347/17Not verified
FOREX.comStoneX Europe Ltd400/21Cyprus, 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 IndexStoneX Europe Ltd400/21Not verified
SwissquoteSwissquote Capital Markets Limited422/22EEA (EU passport)
FxProFXPRO Financial Services Ltd078/07Cyprus, 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
TickmillTickmill Europe Ltd278/15Cyprus, 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
ThinkMarketsTF Global Markets (Europe) Ltd215/13Cyprus, 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
EightcapEightcap EU Ltd246/14Cyprus, 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.comCapital Com Group Ltd463/25EEA (EU passport)
Capital.comCapital Com SV Investments Ltd319/17Not verified
Trading 212Trading 212 Markets Ltd398/21Cyprus, 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
XMTrading Point of Financial Instruments Ltd120/10EEA (EU passport)
ExnessExness (Cy) Ltd178/12Not verified
HFMHF Markets (Europe) Ltd183/12EEA (EU passport)
RevolutRevolut Digital Assets (Europe) LtdMiCA CASP · LEI 549300ET4IUR6RCZOL84Cyprus, 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
FXCMStratos Europe Ltd392/20EEA (EU passport)
Fusion MarketsFusion Markets EU Ltd444/24Cyprus, Italy, Poland, Portugal
LibertexIndication Investments Ltd164/12EEA (EU passport), Switzerland
SkillingSkilling Ltd357/18EEA (EU passport)
NAGANAGA Markets Europe Ltd204/13EEA (EU passport)
Markets.comSafecap Investments Limited092/08EEA (EU passport)
FortradeFortrade Cyprus Ltd385/20EEA (EU passport)
IronFXNotesco Financial Services Ltd125/10Not verified
iFOREXiCFD Ltd (iFOREX Europe)143/11EEA (EU passport)
FXGTGT Investment Services Ltd382/20Not verified
OrbexORBEX Ltd124/10Cyprus, 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
Freedom24Freedom Finance Europe Ltd275/15Cyprus, 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