CySEC Regulated Forex Brokers 2026

Last reviewed:January 15, 2026

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By:Emily Watson

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Fact-checked by:David Okonjo

Why Choose CySEC Regulated Forex Brokers?

CySEC (Cyprus Securities and Exchange Commission) is a respected EU regulator that enables brokers to passport their services across the European Economic Area. CySEC-regulated brokers must comply with MiFID II regulations, segregate client funds, and participate in the Investor Compensation Fund (ICF) covering up to €20,000 per client.

What is CySEC regulation?

CySEC (Cyprus Securities and Exchange Commission) is Cyprus's financial regulator and a member of ESMA. CySEC regulation allows brokers to passport services across the EU/EEA and requires compliance with MiFID II regulations.

CySEC Regulation Details

Compare CySEC license numbers and EU regulatory status.

Broker
XM	120/10	2010
Exness	178/12	2012
HFM	183/12	2012
RoboForex	191/13	2013
FXTM	185/12	2012
AvaTrade	347/17	2017
IC Markets	362/18	2018
Pepperstone	388/20	2020
Tickmill	278/15	2015
XTB	169/12	2012

Detailed Broker Analysis

XM

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Recommended

Original CySEC-licensed broker.

4.5/5App Score

XM holds CySEC license 120/10 and was among the earliest CySEC-licensed forex brokers. ICF protection up to €20,000 with excellent education and €5 minimum deposit.

Forex spread classLow

Minimum deposit€5

Inactivity fee€5/mo

Currency pairs55

Deposit methodsBank Transfer, Visa, Mastercard, Skrill, Neteller

Withdrawal fee€0

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Exness

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Recommended

CySEC-regulated with instant execution.

4.6/5App Score

Exness holds CySEC license 178/12 and offers raw spreads from 0.0 pips. Zero minimum deposit and instant withdrawals with ICF protection.

Forex spread classUltra-Low

Minimum deposit€0

Inactivity fee€0

Currency pairs107

Deposit methodsBank Transfer, Visa, Mastercard, Skrill, Neteller

Withdrawal fee€0

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HFM

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Recommended

CySEC-regulated with copy trading.

4.3/5App Score

HFM holds CySEC license 183/12 and offers copy trading features. Zero spread accounts with ICF protection for EU clients.

Forex spread classLow

Minimum deposit€0

Inactivity fee€5/mo

Currency pairs53

Deposit methodsBank Transfer, Visa, Mastercard, Skrill

Withdrawal fee€0

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RoboForex

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Recommended

CySEC-regulated ECN specialist.

4.1/5App Score

RoboForex holds CySEC license 191/13 and offers ECN Pro accounts with cTrader support. ICF protection with low minimum deposit.

Forex spread classLow

Minimum deposit€10

Inactivity fee€0

Currency pairs36

Deposit methodsBank Transfer, Visa, Mastercard, Skrill, Crypto

Withdrawal fee€0

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FXTM

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Recommended

CySEC-regulated with strong education.

4.2/5App Score

FXTM holds CySEC license 185/12 and provides comprehensive educational content. ICF protection with multiple account types.

Forex spread classLow

Minimum deposit€10

Inactivity fee€5/mo

Currency pairs62

Deposit methodsBank Transfer, Visa, Mastercard, Skrill

Withdrawal fee€0

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Frequently Asked Questions

CySEC-regulated brokers must participate in the Investor Compensation Fund (ICF), which covers eligible clients up to €20,000 per person if the broker becomes insolvent. They must also segregate client funds.

Yes, CySEC regulation enables brokers to offer services throughout the EU/EEA via passporting. EU residents benefit from MiFID II protections including the ICF compensation scheme.

Both are respected regulators with strong oversight. The key difference is compensation: FCA's FSCS covers up to £85,000 while CySEC's ICF covers up to €20,000. Leverage limits are the same under ESMA rules.

Visit the CySEC website at cysec.gov.cy and use the Public Register to search for the broker's license number. This confirms their regulatory status and authorized activities.

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Independent Analysis

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Data Verified

January 2026

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