Best Day Trading Platforms and Brokers in Cyprus 2024

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Written By
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Written By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Edited By
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Edited By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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With a growing, euro-based economy and oversight from a highly active regulator, the Cyprus Securities and Exchange Commission (CySEC), interest in online trading is high among Cypriots.

We’ve listed the best day trading platforms in Cyprus following extensive tests. Many of these platforms cater specifically to active Cypriot traders with EUR accounts and access to the Cyprus Stock Exchange (CSE) or securities from across Europe and further afield.

Top 5 Platforms For Day Trading In Cyprus

Following our hands-on analysis of hundreds of online brokers, these 5 platforms continue to excel for short-term traders in Cyprus:

  1. AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
  2. Pepperstone - Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support.
  3. XM - XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading.
  4. LiteForex Europe - LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders.
  5. FOREX.com - FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools.

Best Day Trading Platforms and Brokers in Cyprus 2024 Comparison

Best Day Trading Platforms and Brokers in Cyprus 2024 Comparison
Broker CySEC Regulated EUR Account Minimum Deposit Markets Platforms Leverage Visit
AvaTrade logo
$100 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade 1:30 (Retail) 1:400 (Pro) Visit
Pepperstone logo
$0 CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade 1:30 (Retail), 1:500 (Pro) Visit
XM logo
$5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 1:30 Visit
LiteForex Europe logo
$50 CFDs, Forex, Indices, Commodities MT4, MT5 1:30 Visit
FOREX.com logo
$100 Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral 1:30 Visit
eToro logo
- $50 CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs eToro Web, CopyTrader, TradingCentral 1:30 Visit
InstaForex logo
€200 CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares Baskets MT4, MT5 1:30 (Retail), 1:500 (Pro) Visit
FxPro logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Futures FxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited) Visit
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto MT4 1:500 Visit
XTB logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs xStation 1:30 (EU) 1:500 (Global) Visit
Plus500 logo
$100 CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto WebTrader, App 1:30 Visit
Easy Markets logo
€100 CFDs, Forex, Stocks, Cryptos, Commodities MT4, MT5, TradingView 1:30 Visit
FBS logo
$5 CFDs, forex, indices, shares, commodities, cryptocurrencies MT4, MT5 1:30 (EU & Restricted Countries), 1:3000 (Global) Visit
GO Markets logo
$200 CFDs, forex, indices, shares, energies, metals, cryptocurrencies MT4, MT5, AutoChartist, TradingCentral 1:500 Visit
Markets.com logo
$100 CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only) Markets.com Web/App Platform, MT4, MT5 1:30 Visit

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#2 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

  • Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

#3 - XM

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

  • Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
  • Regulator: ASIC, CySEC, DFSA, FSC, FSCA
  • Platforms: MT4, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30

#4 - LiteForex Europe

Why We Chose LiteForex Europe

LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.

  • Instruments: CFDs, Forex, Indices, Commodities
  • Regulator: CySEC
  • Platforms: MT4, MT5
  • Minimum Deposit: $50
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30

#5 - FOREX.com

Why We Chose FOREX.com

Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

  • Instruments: Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto
  • Regulator: NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30

Methodology

To find the best day trading brokers in Cyprus, we examined our directory of 500 online platforms, pinpointed all those that accept Cypriot traders, and ranked them by their overall score.

Our ratings combine 100+ data points with findings from our hands-on evaluations in key areas:

  • We made sure each broker accepts Cypriot day traders.
  • We only recommended brokers that are CySEC-regulated.
  • We favored brokers with competitive day trading fees.
  • We prioritized brokers with a range of financial markets.
  • We focused on brokers with powerful charting platforms.
  • We ensured each broker offers clear requirements for leverage trading .
  • We investigated each broker’s order execution quality.
  • We checked that each broker offers an accessible minimum deposit.

DayTrading.com broker testing methodology overview

How To Choose A Day Trading Broker In Cyprus

After thousands of hours testing platforms, we’ve learned there are several factors to consider when choosing a broker for day trading:

Trust & Regulation

Brokers with a strong industry reputation and authorization from a trusted regulator maintain a secure trading environment, helping to protect traders from scams.

For example, in 2023, Cyprus police warned investors of a telephone scam where fraudsters impersonated representatives from the local watchdog, the Cyprus Securities and Exchange Commission (CySEC).

As a ‘green tier’ regulator, the CySEC flags fraudulent activities, enforces legal action where appropriate and administers robust safeguarding measures.

Notably for short-term traders, these include negative balance protection so you can’t lose more than your balance and limiting leverage for retail traders to 1:30, capping potential losses.

Pepperstone broker regulated on Cyprus register
Pepperstone – CySEC License
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You can verify a broker’s regulatory status by entering their company name or number into CySEC’s public register.
  • AvaTrade remains a top pick for Cypriot investors with authorization from the CySEC (among other green tier licenses) and a stellar reputation since 2006. Day traders can also feel assured of robust protections, particularly AvaProtect, which insures losses up to $1 million.

Day Trading Fees

Day trading involves making frequent transactions, so competitive pricing is key to keeping costs down.

The top brokers offer narrow spreads on markets that will be of interest to traders in Cyprus, such as EUR/USD and, where applicable, low commission fees.

Non-trading fees can also impact profit margins, so we look for charges on deposits and/or withdrawals.

With that said, it’s important to consider the overall service provided, since higher fees may be justified in return for superior tools. For example, you might get live economic updates from the European Central Bank which could impact the euro’s value.

  • Pepperstone consistently stands out for its excellent pricing for active traders, including raw spreads from 0.0 on EUR/USD and 2.0 on the Euro Currency Index. You also get access to AutoChartist, a market-leading technical analysis tool that identifies chart patterns on assets like the Eurostoxx 50.

Market Coverage

Day traders often want access to a wide range of markets, enabling them to build a diverse portfolio.

Many of our recommended platforms offer a broad range of local markets, including major, minor and exotic EUR currency pairs and notable export and import commodities in Cyprus, such as gasoline and corn.

While Cypriot stocks are not widely offered, our tests show many brokers allow you to explore a range of popular European stocks and indices which you can conveniently trade in Euros.

Infographic showing popular day trading markets in Cyprus

  • IG offers some of the best opportunities for Cypriot traders, with a vast range of 17000+ markets including EUR currency pairs and popular local stocks like Bank of Cyprus. Unusually, you can also trade out of hours, including weekend markets like EUR/USD.

Platforms & Tools

A powerful charting platform is crucial for technical analysis – a popular approach to identifying short-term trading opportunities.

The best brokers offer a range of platforms to suit different experience levels and requirements, with MetaTrader 4 and MetaTrader 5 being the most widely available.

I enjoy using the sleeker workspaces provided by cTrader and TradingView – the former being a great option for experienced traders with coding expertise, and the latter offering the best user-friendly solution for newer traders in my opinion.

I especially appreciate TradingView’s highly intuitive workspace which I can fully customize to view Bank of Cyprus data, alongside an integrated news feed, earnings reports and market sentiment.

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Jemma Grist
Author
TradingView charting platform showing Bank of Cyprus data
TradingView
  • Vantage delivers a superb range of platforms catering to various needs, including MT4, MT5, TradingView and a proprietary solution, ProTrader. There’s also a great copy trading platform for aspiring traders, as well as the DupliTrade automated trading solution. It has something for everyone.

Execution Quality

The best day trading brokers offer fast and reliable order execution, which is especially important for fast-paced strategies like scalping and algo trading.

Optimum conditions require fast speeds, ideally meeting our benchmark of <100 milliseconds, as well as minimal delays and price slippage. This will help you lock in desired prices and move quickly in and out of positions when trading volatile securities, such as the Cyprus Cement PCL.

  • FOREX.com provides excellent execution for active traders, with speeds hitting around 50 milliseconds on major assets. It has also reported that 43.83% of orders were executed at a better price than the requested price.

Leverage & Margin

Leveraged trading gives you greater exposure than your initial budget would otherwise allow, making it very popular with active traders. However, day traders need to understand margin requirements before opening leveraged positions.

For example, let’s say I want to trade shares in Bank of Cyprus with leverage of 1:5, and I speculate that the bank will announce a strong Q1 in their latest earnings report.

If my prediction is correct, my potential gains from a €500 deposit would multiply 5x, to €2500.

That said, so too would my losses if I’m wrong, underscoring the importance of risk management and tools like stop-loss orders which can help limit losses.

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Jemma Grist
Author
  • Deriv offers leverage up to 1:30 on major currency pairs like EUR/USD, in line with Cyprus’ requirements, alongside a useful margin calculator making it easy to understand the required outlay. The brand also stands out by offering multipliers up to x30 where you can’t lose more than your original stake – appealing to newer traders.

Account Funding

Our investigations into nearly 500 brokers show most day trading platforms allow you to open an account for less than €250, though some stand out with no minimum deposit – ideal for budget traders.

It’s worth considering a broker that offers convenient and locally supported payment methods in Cyprus. For example, according to findings by Online Solutions, PayPal remains one of the most popular options among Cypriots.

💡
Choose a broker that offers EUR accounts to minimize currency conversion fees.
  • XM continues to appeal to day traders in Cyprus with its ultra-low $5 minimum deposit, plus its EUR-based accounts and wide range of convenient payment methods, including Apple Pay.

FAQ

Who Regulates Day Trading Platforms In Cyprus?

The Cyprus Securities and Exchange Commission (CySEC) is a ‘green tier’ regulator responsible for licensing day trading brokers in Cyprus.

Among other EU authorities, which can accept Cypriot traders through the EU passporting scheme, it sets the standard for safeguarding measures that protect retail traders.

Which Is The Best Broker That Accepts Day Traders In Cyprus?

Use our list of the best day trading platforms in Cyprus to find a suitable firm.

If you’re looking for domestic markets, for example, IG offers notable Cypriot stocks and EUR currency pairs among thousands of other global opportunities. It’s also got some of the best research and education resources I’ve seen, tailored to all experience levels.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com