Best Forex Brokers In Cyprus 2025
Discover the best forex brokers in Cyprus, exhaustively reviewed, rated and compared by our experts. Every forex platform we recommend accepts traders from Cyprus.
The top forex brokers in Cyprus are regulated by the Cyprus Securities and Exchange Commission (CySEC), provide EUR accounts, accept convenient deposit methods like PayPal, and facilitate trading on major currency pairs like the EUR/USD.
6 Top Forex Brokers In Cyprus
These are the 6 highest-rated forex brokers and trading platforms in Cyprus based on our comprehensive analysis and first-hand observations:
Here is a short overview of each broker's pros and cons
- AvaTrade - AvaTrade delivers 50+ currency pairs with tight spreads from 0.9 pips and zero commissions. Trade majors, minrs, and exotics 24/5 on leading forex platforms, notably MT4, with sophisticated charting tools and forex education to sharpen your edge, including a dedicated guide to 'Currency Trading'.
- XM - XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.8 pips on the EUR/USD in the commission-free account.
- Pepperstone - Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice.
- eToro - An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators.
- LiteForex Europe - LiteForex Europe is a great option for forex traders with dozens of currencies, low spreads from 0 and a VPS for automated trading strategies. We also rate the daily market insights and forex tutorials for beginners.
- FOREX.com - FOREX.com continues to uphold its stature as a premier FX broker, offering 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $7 commission per $100k, it stands out.
Best Forex Brokers In Cyprus 2025 Comparison
| Broker | CySEC Regulated | EUR Account | Forex Assets | EUR/USD Spread | Forex App Rating | Minimum Deposit |
|---|---|---|---|---|---|---|
| AvaTrade | ✔ | ✔ | 50+ | 0.9 | / 5 | $100 |
| XM | ✔ | ✔ | 55+ | 0.8 | / 5 | $5 |
| Pepperstone | ✔ | ✔ | 100+ | 0.1 | / 5 | $0 |
| eToro | ✔ | ✔ | 55 | 0.9 | / 5 | $50 |
| LiteForex Europe | ✔ | ✔ | 50+ | 0.1 | / 5 | $50 |
| FOREX.com | ✔ | ✔ | 84 | 1.2 | / 5 | $100 |
AvaTrade
"AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets."
AvaTrade Quick Facts
| GBPUSD Spread | 1.5 |
|---|---|
| EURUSD Spread | 0.9 |
| EURGBP Spread | 1.5 |
| Total Assets | 50+ |
| Leverage | 1:30 (Retail) 1:400 (Pro) |
| Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
- AvaTrade launched AvaFutures to offer low-margin access to global markets, then expanded further in 2025 as one of the first brokers to add CME’s Micro Grain Futures - financially settled contracts at 1/10th the size of standard contracts for key commodities like corn, wheat, and soybeans.
Cons
- Although the deposit process itself is smooth, AvaTrade still doesn’t facilitate crypto payments, a feature increasingly offered by brokers like TopFX, which caters to crypto-focused traders.
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
XM
"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."
Christian Harris, Reviewer
XM Quick Facts
| GBPUSD Spread | 0.8 |
|---|---|
| EURUSD Spread | 0.8 |
| EURGBP Spread | 1.5 |
| Total Assets | 55+ |
| Leverage | 1:30 |
| Platforms | MT4, MT5, TradingCentral |
| Account Currencies | USD, EUR, GBP, JPY |
Pros
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM’s growing roster of 1,000+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
- XM’s customer support has delivered over years of testing, with 24/5 assistance in 25 languages, response times of <2 minutes and now a growing Telegram channel.
Cons
- Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach.
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable or web-accessible solution for a more beginner-friendly user experience with unique features.
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."
Pepperstone Quick Facts
| GBPUSD Spread | 0.4 |
|---|---|
| EURUSD Spread | 0.1 |
| EURGBP Spread | 0.4 |
| Total Assets | 100+ |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Platforms | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates up to 30% (index and commodities) and $3/lot (forex) through the Active Trader program.
- There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
- Pepperstone has scooped multiple DayTrading.com annual awards over the years, most recently 'Best Overall Broker' in 2025 and 'Best Forex Broker' runner up in 2025.
Cons
- Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers who focus on this area, with no option to invest in real coins.
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets, though it has introduced an intuitive copy trading app.
eToro
"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."
eToro Quick Facts
| GBPUSD Spread | 1.9 |
|---|---|
| EURUSD Spread | 0.9 |
| EURGBP Spread | 1.3 |
| Total Assets | 55 |
| Leverage | 1:30 |
| Platforms | eToro Web, CopyTrader, TradingCentral |
| Account Currencies | USD, EUR, GBP |
Pros
- The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat that we love using.
- eToro is a world-renowned brand with top-tier global regulation and a 25M+ user community.
- eToro elevated the social trading experience in 2025, integrating insights from Stocktwits 10M+ users to help gauge market sentiment.
Cons
- There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital.
- There are limited contact methods aside from the in-platform live chat.
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners.
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."
William Berg, Reviewer
LiteForex Europe Quick Facts
| GBPUSD Spread | 0.3 |
|---|---|
| EURUSD Spread | 0.1 |
| EURGBP Spread | 0.7 |
| Total Assets | 50+ |
| Leverage | 1:30 |
| Platforms | MT4, MT5 |
| Account Currencies | USD, EUR, GBP, CHF |
Pros
- LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC
- LiteForex offers a client-oriented approach, with personal manager assigned to each trader and 24/5 multilingual customer support
- A proprietary copy trading system is available which allows you to copy other trading patterns
Cons
- There is no swap-free trading account for Muslim day traders
- Fees are fairly high, with spreads starting from 2.0 pips in the Classic account and $10 forex commissions in the ECN account
- The range of day trading markets is limited compared to alternatives, with no share CFDs offered
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."
FOREX.com Quick Facts
| Bonus Offer | 20% Welcome Bonus Up To $5000 |
|---|---|
| GBPUSD Spread | 1.3 |
| EURUSD Spread | 1.2 |
| EURGBP Spread | 1.4 |
| Total Assets | 84 |
| Leverage | 1:30 |
| Platforms | WebTrader, Mobile, MT4, MT5, TradingView |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
- With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
Cons
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
How We Rate Forex Brokers In Cyprus
All our top-ranked forex brokers for Cyprus traders achieve high rankings in the following key areas:
Trust
After years of monitoring hundreds of forex trading platforms, we’ve learnt the best sign of a reliable brokerage is authorization from a respected regulator.
Forex traders in Cyprus benefit from direct coverage from a ‘Green-Tier’ regulator – the Cyprus Securities & Exchange Commission (CySEC).
This provides forex traders in the region with important safeguards, notably access to the Investor Compensation Fund (ICF), which insures client funds up to €20,000 in case of broker insolvency.
The CySEC also regularly issues warnings about fraudulent brokers and forex trading scams.
I recommend checking whether a forex broker is regulated by the CySEC using the regulator’s database. Simply enter the firm’s name in the search function.
- Plus500 has earned our trust after years of real-money trading with no withdrawal issues, CySEC authorization, 15+ years of industry experience, and a listing on the London Stock Exchange.
Forex Markets
The best forex trading platforms in Cyprus offer a wide range of currency pairs, providing diverse trading opportunities.
Our analysis of over 400 forex brokers shows that the top platforms support upwards of 50 currency pairs, though some excel with more than 80 majors, minors and exotics, including an excellent range of Euro (EUR) pairs, such as the EUR/USD, EUR/GBP and EUR/JPY.
- FOREX.com continues to excel for its extensive selection of forex assets, featuring 80+ currency pairs including 22 which contain the EUR, catering to beginners to advanced forex traders.
Account Funding
Our first-hand experience using forex brokers in Cyprus shows the importance of hassle-free accounts and funding to ensure a smooth trading experience.
Opting for a EUR trading account will make deposits and trade management convenient for forex traders in Cyprus, while also reducing or eliminating currency conversion fees.
We also evaluate the range of payment options, favoring firms with secure deposit solutions like PayPal, WebMoney, and Skrill, which are all popular in Cyprus.
- XM ranks consistently among the most flexible FX brokers in Cyprus with 10 account currencies including EUR and an excellent range of payment options including Skrill and Neteller.
Forex Platforms
Our thousands of hours of testing forex brokers show the best firms stand out with user-friendly and powerful platforms, accommodating short-term trading strategies.
MetaTrader 4 remains the most popular third-party software available at Cyprus forex brokers and is great for charting, algo trading and day trading. However, I don’t like its clunky design and it’s geared towards experienced forex traders.
TradingView is an increasingly popular alternative with aspiring forex traders, featuring real-time data, integrated news feeds, and an active social trading community.
Alternatively, the in-house platforms offered by some leading brokers, including AvaTrade and FOREX.com, are often a great starting point for newer forex traders with intuitive designs and beginner-friendly tutorials.
- Pepperstone offers a superb range of forex platforms for day traders with four top-rated options: MT4, MT5, cTrader and TradingView. They are also all available as mobile apps for iOS and Android.
Value
Many traders will say that ‘low fees’ are a priority when choosing a broker, but our extensive experience in the forex industry shows that ‘value’ – balancing low fees with excellent trading tools – is more important.
We evaluate the typical fees you will incur placing day trades on currency pairs like EUR/USD and EUR/GBP. We analyze minimum spreads but also average spreads, as these can be more reliable.
Our experts also consider the availability of raw spread accounts with low commissions, as these are particularly popular with experienced forex day traders.
Then we weigh the access to research tools, educational materials for newer traders and the speed and reliability of order executions, as these can all contribute to a complete and enjoyable forex trading experience.
- IC Markets has long been one of our best-value forex trading platforms thanks to its tight spreads from 0 on major currency pairs, low commissions, rebates, fast execution speeds and a suite of powerful tools.
Methodology
We utilized our extensive forex broker database to identify those accepting traders in Cyprus, ranking them by their overall score which takes into account performance in key areas:
- Regulatory compliance, notably with the CySEC.
- Variety in forex assets, covering popular currency pairs in Cyprus.
- Ease of use in platforms, including advanced charting and trading tools.
- Competitive pricing without sacrificing order execution quality or trading features.
- Reasonable deposit thresholds and secure payment options for Euro transactions.
FAQ
Is Forex Trading Legal In Cyprus?
Not only is forex trading legal in Cyprus, but the country is known widely as a center for retail forex trading and is home to a highly respected regulator, the Cyprus Securities & Exchange Commission.
Also make sure you are aware of your tax liabilities according to the Tax Department of Cyprus before trading currencies online.
Who Regulates Forex Brokers And Trading Platforms In Cyprus?
The Cyprus Securities and Exchange Commission, or CySEC, is the regulator that oversees retail forex trading.
The CySEC is a first-rate regulator that enforces the strict rules laid out in the European Union’s Markets in Financial Instruments Directive (MiFID), which were designed to ensure transparency and fair dealing.
How Much Money Do I Need To Start Trading Forex In Cyprus?
Our tests and direct use of forex brokers accepting traders from Cyprus show that you’ll typically need up to €250 to start trading currencies.
That said, there are options for lower-budget traders, Pepperstone is an excellent forex broker for example, allowing you to set up a live account with no minimum deposit.
Recommended Reading
Article Sources
- Cyprus Securities and Exchange Commission (CySEC)
- CySEC Regulated Forex Brokers Directory
- Cyprus Investor Compensation Fund (ICF)
- CySEC Investment Scam Warning
- Cyprus Tax Department
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