Forex Brokers Based in Cyprus

One hundred and eight forex and CFD brokers give a registered head office in Cyprus, and this page lists every one of them, ordered by overall WIKILIX score. Ninety-one hold a licence from the Cyprus Securities and Exchange Commission, known as CySEC. Seventeen hold none, and twenty-four carry a recorded flag marking them as suspicious clones. That gap is the point of the page: a Cyprus address tells you where a company is registered, not that a regulator stands behind it.

Cyprus became a base for retail brokers for reasons unrelated to any single trader. A CySEC licence passports across the European Union, and the island's low corporate tax pulled brokers in for two decades. So the addresses collected here belong both to household names and to firms almost nobody has heard of. Windsor Brokers has traded since 1988 and is the oldest here. Magic Compass holds the highest score at 77.5. Exness books European clients through a Cyprus company while holding licences from four separate authorities.

A Cyprus address is not a CySEC licence

The address settles one thing: where the company is incorporated. It does not tell you which entity will actually hold your money. Large groups here often run a CySEC-licensed Cyprus company for European clients and a separate offshore arm for everyone else, and the two carry very different protection. Leverage gives it away. Recorded maximum leverage across this group runs from 1:1 to the 1:2000 that Windsor Brokers advertises, yet twenty-four firms cap it at 1:30, the limit CySEC applies to retail clients in the EU. When one brand shows both figures, you are looking at two entities.

Taken together the population is older and better licensed than the pure offshore hubs. Twenty-six of the 108 opened before 2010 and six predate 2000. Forty-three hold licences from two or more authorities, and twenty-four hold at least one tier-1 licence, usually the FCA in Britain or ASIC in Australia sitting beside the home CySEC registration. The median score is 49.6, and it drops steeply at the foot of the table, where a few unlicensed firms score zero.

The Cyprus brokers this search misses

Two groups a reader half-expects are absent. The first is the large body of CySEC brokers based somewhere else. CySEC licenses 217 firms in all, so most of its register sits outside Cyprus and off this page; if the licence is what you care about, the CySEC regulated brokers list is the better starting point. The second is the seventeen Cyprus firms with no CySEC licence. Orbex and CMTrading are registered on the island but run on offshore licences, and three names near the bottom hold none on record at all.

Checks worth making before you fund a Cyprus account

• Read which legal entity your account agreement names. A Cyprus Ltd under CySEC is a different counterparty from an offshore arm that shares the brand.
• Look up the CySEC number on the regulator's own public register, and confirm the firm is authorised for the service you want rather than merely incorporated.
• Remember that Investor Compensation Fund cover reaches clients of the CySEC entity only, and gives you no claim against an offshore sibling.
• Read the leverage on offer as a signal of routing: 1:30 points to the CySEC company, anything far higher means you have been sent offshore.
• Treat a suspicious-clone flag as a reason to slow down and match the domain and licence number to the licensed firm yourself.

Every figure here reflects the licences WIKILIX holds on record today. A firm can gain or lose one between updates, so confirm any licence on CySEC's own register before you deposit.