Top 10 forex brokers in cyprus
IG Group are the most recognized spread betting brokers. They also have a very nice welcome bonus for new customers.
List of the best Forex Brokers based in Cyprus regulated ...
It is one of the unique and biggest spread betting brokers. It can also offer access to the markets through MT4 as well as their own online platform. Invented in as a spread betting business under the name IG Index broker. Customers mostly trade through their own well recognized platform. Almost thirty years of experience trading in financial markets has created a loyal following of traders who reg ularly use this award winning platform for investing their money in various international financial marketplaces.
The broker also provides financial spread betting for Cyprus traders.
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The MT4 platform is offered with added tools and features. CityIndex is one of the unique and biggest spread betting brokers. We found 9 broker accounts out of that are suitable for CySEC. What can you trade?
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Open a demo account See Deal Read our in-depth XM Group review. Account type. Micro Account. Choose Account. Standard Account. Zero Account.
Top 10 Forex Brokers in Cyprus
Read our in-depth XTB review. No commission. EasyMarkets EasyMarkets. Established in HQ in Cyprus, Australia. Read our in-depth EasyMarkets review. ForexTime ForexTime. Read our in-depth ForexTime review. Read our in-depth FXPro review.
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Established in HQ in Republic of Vanuatu. Read our in-depth UFX review. Read our in-depth HYCM review. Exness Exness. Read our in-depth Exness review. Protection of consumers of financial products including traders who trade forex and other financial market products is carried out at three intervention points: CySEC runs a register which lists regulated firms as well as firms under various levels of sanction. CySEC conducts regular supervision of brokers and usually broadcasts public warnings on its website about the activities of brokers who are not following the rules under which they are to operate as mandated by CySEC.
These warnings serve to keep active traders on notice. WGM Services and Pegase Capital Ltd are two companies who were fined , Euros and , Euros respectively for failing to honour withdrawal requests of traders. However, action at this level has not been very robust and therefore traders are advised to use the previously mentioned intervention areas as better alternatives. Supervision of licensed and regulated companies operating in the financial markets.
Regulation and supervision of the Cypriot Stock Exchange and companies operating within that market. To sanction and discipline errant market operators. An explanation of each of these functions is provided below. Licensing of Investment Firms CySEC has rapidly expanded the category of companies that it regulates, especially since the recognition of binary options as a financial instrument worthy of regulation. The following categories of companies are eligible for licensing by CySEC: Companies classified as Cypriot Investment Firms CIFs , which are firms that receive and transmit trade orders for execution from clients or on behalf of clients as portfolio managers.
Companies and individuals operating in the stock market as brokers, financial advisers, etc. Companies that issue loans. Companies that issue derivative instruments, money market assets and securities. Some of these rules are as follows: Members of the governing boards of licensed companies are required by law to hold certain qualifications.
If for any reason there is a change in membership, CySEC must be notified and any replacements must have the requisite qualifications. The names of the companies must be a reflection of the services such companies offer to the investing public, and any changes in the name or branding of a company must be visible for at least one year while the company transits from the old brand to a new one.