Cyprus Forex Brokers (2024)

Cyprus Forex brokers reviews and comparison by “ForexSQ.com” experts, We provide a list of top Forex companies in Cyprus for those foreign exchange traders looking for theTop Forex companies in Limassol list or Forex Nicosia brokers to open online currency trading account. We list top Forex industry Cyprus broker’s with MT4 trading platform if you are looking for the Top 10 Forex Brokers Cyprus list with Metatrader 4 online trading platform.

Top Ten Forex Brokers in Cyprus

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FxPro – Originated in 2006, London-based FxPro is an online broker providing Forex trading along with CFD’s. Mt4 and trader trading platforms are available. Fxpro Forex broker is one of theTop Forex Brokers in Cyprus.
Plus500 – The Plus500 broker was established in 2008 as an online international trading platform that is popularly used in Cyprus, Europe and Australia and elsewhere in the world.
eToro – The eToro company is a social trading and multi asset brokerage company in Cyprus that has registered offices in Limassol, Israel and the United Kingdom.
Markets.com – The Markets.com maintains its headquarters in Cyprus, UK andis an investment services firm that is operated by Safecap Investments Limited (Safecap), which was founded in 2006 and is a subsidiary ofPlaytecPLC.
XM – The XM.com forex brokerwas established in 2009 in the Republic of Cyprus using the nameTrading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FSA).
FOREX.com – Forex.com is owned by parent company GAIN Capital (NYSE:GCAP). Operating since 2001, it was a first mover in getting currency markets to the selling trader.
FXCM – provides a no dealing desk model along with competitive spreads. FXCM brokerage provides trading in a wide variety of currencies including the Chinese Yuan.
AvaTrade – The AvaTrade company was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.
HYCM – In trade for 30 years, HYCM offers several trading platforms and a wide variety of trading instruments. HYCM forex broker is one of the Top Cyprus Forex Brokers, It is a division of the Henyep Group, a global corporation with a presence in 20 countries.
Fxstay – foreign exchange Company provides professional managed forex accounts service in Cyprus with competitive management fees, their specialty is trading on big investment safely. You dont need to know foreign exchange trading with them as their team handle trading or you.

Cyprus Forex Brokers With MT4 Platform

Metatrader 4 or MT4 is the most popular Forex trading platforms in the whole world. Spread betting firmsthat offers MT4 give customers the capacity to upload and purchase custom indicators, then run automated trading strategies based on pre-set technical perimeters. Dealers can also follow “Professional Advisors” and trade based on recognisedFX policies without the need to physically execute trades.

Top Cyprus Forex Companies Offering Spread Betting

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IG Group

IG Group are the most recognized spread betting brokers. As well as their own platform, customers can trade FX, Index and supplies through MT4. They also have a very nice welcome bonus for new customers. New customers can get a minimum deposit bonus of up to £3,750. It is one of the unique and biggest spread betting brokers. Itcan also offer access to the markets through MT4 as well as their own online platform.

CMC Markets

CMC Markets was founded in the UK in 1989 andlisted on the London Stock Exchange (LSE) in 2016. Almost thirtyyears of experience trading in financial markets has created a loyal following of traderswhoregularly usethis award winningplatform for investing their money in variousinternational financial marketplaces.

ETX Capital

ETX Capital is a broker that was established in 2002 and is headquartered in London, England. The broker also provides financial spread betting for Cyprus traders.

City Index

Recognized in the UK in 1983, City Index provides Forex trading, CFD’s and spread betting. The MT4 platform is offered with added tools and features. CityIndex is one of the unique and biggest spread betting brokers. City Indexcan offer access to the markets through MT4 as well as their own online platform.

If you get a deposit bonus, you are more possible to have troubles withdrawing. The difficulty with withdrawing doesn’t necessarily indicate there is anything wrong with the broker, in fact the terms and conditions of the bonus were possibly misunderstood. To avoid difficulties, avoid deposit bonuses.

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FAQs

Is forex trading legal in Cyprus? ›

Additionally, the Cypriot CIF is permitted to offer Forex services. This type of business requires the registration and licensing process, which takes about four months.

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Why are forex brokers based in Cyprus? ›

Favorable Taxation and Incentives:

The country offers a low corporate tax rate of 12.5%, making it one of the most competitive tax environments in Europe. Additionally, the absence of capital gains tax on profits from trading foreign exchange further incentivizes Forex companies to set up operations in Cyprus.

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Do forex traders pay tax in Cyprus? ›

Foreign currency exchange (forex) differences

Forex differences are tax neutral for CIT purposes (i.e. forex gains are not taxable and forex losses are not deductible). However, forex differences arising from trading in foreign currencies (and related derivatives) are subject to CIT.

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How to invest in US stocks from Cyprus? ›

5 Steps to follow when Investing in US Stocks from Cyprus

Set up your goals and the strategy you will follow to define whether you are a long-term investor or a day trader. ...
Choose the broker that best fits your strategy. ...
Open a Trading Account with the broker (and fund it). ...
Apply your Investment Strategy.

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Is Cyprus a free trade zone? ›

Cyprus entails two control type II free trade zones: The main seaport of Limassol; The main seaport of Larnaca.

Can you trade in Cyprus? ›

Cyprus is a regional trade and logistics network allowing Cypriot trading companies many benefits. Non-EU companies exporting goods through Cyprus in other EU member state are supplied with the Onward System Relief (OSR) that allows the VAT to be deferred in Cyprus.

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Why don't forex brokers accept US clients? ›

Over the last decades, the forex market in the US has emerged as one of the most regulated markets anywhere in the world. Rules that were introduced and backed up by Federal laws have made it very difficult for brokers and traders alike to operate in the US forex market.

Which country has the best forex traders? ›

Singapore

Singapore is often considered to be the best country for forex trading. It has a strong economy, a stable political environment, and a well-regulated forex market. The country also has a large pool of skilled traders and access to the latest trading technology.

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Can you trust forex brokers? ›

Yes, you can be scammed when trading forex. Unfortunately, there are countless forex scam brokers (and many other forex scams –on the internet. Just like any investment offering, it's important to verify that your forex broker is an authentic financial institution that is appropriately licensed as a broker.

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What is the 4 year rule in Cyprus? ›

Four year rule: Applicable to dividends paid between Cyprus tax resident companies – if four years have passed from the end of the year in which the profits arose, then the above exemption does not apply.

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Does Cyprus tax foreign income? ›

As per the SDC Law, dividends and interest income earned by individuals who are tax residents and domiciled in Cyprus, are both subject to tax at the rate of 17%, regardless of the country of origin of the income (i.e. from Cyprus or from abroad).

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Is forex taxed in US? ›

The first thing you should know is that forex trading is considered a business activity in the US, which means that you'll have to pay taxes on your profits. You also need to consider whether you're allowed to take advantage of any tax deductions or credits available to traders.

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Is Revolut a real broker? ›

Is Revolut regulated? Yes, it is regulated by the US Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority (FINRA), the UK Financial Conduct Authority (FCA) and the Bank of Lithuania.

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What is the minimum deposit for Saxo Bank? ›

Good news: the minimum deposit to open a Saxo Bank account is $0. There are brokers that require as much as a couple of thousand dollars.

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Can Americans invest in foreign stock exchanges? ›

Investors can access foreign stocks via ADRs, GDRs, direct investing, mutual funds, ETFs, and MNCs. Buying foreign stocks allows investors to diversify their portfolio's risk, in addition to giving them exposure to the growth of other economies.

Can you trade forex in Europe? ›

As of April 2023, online forex trading per se is not prohibited in European countries with rules and regulations set by the European Union and national regulatory authorities.

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Can I trade crypto in Cyprus? ›

In summary, Cyprus offers a well-regulated cryptocurrency investment environment, tailored to local and European standards. Our review of leading exchanges like eToro and Bybit showcases their suitability for Cypriot investors, with diverse digital assets, easy Euro transactions, and compliance with CySEC regulations.

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Do you need a license to trade forex? ›

Each brokerage firm must obtain a Forex trading license to work in the international brokerage market. This requires an application to the controlling authority of the chosen country. The rules for obtaining a Forex license may vary depending on the laws of the selected country.

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Is forex trading banned in Dubai? ›

Now, you may wonder if forex trading is legal in Dubai. The answer is yes, forex trading is legal in the UAE. In this article, we will explore how to start a forex company and the regulations surrounding this business. It is important to note that any entity involved in forex trading must hold a valid license.

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