CySEC Punishes Broker for Infractions

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CySEC Punishes Broker for Infractions

By Lex Yaranu | Friday, August 28th, 2020

As the binary options market deepens with more stringent measures applied by regulators for market infractions, traders will get to see more news about which brokers are in right standing and which ones are not.

On August 3, 2020, the Cyprus Securities and Exchange Commissions (CySEC) which acts as the regulatory watchdog for the binary options market in Cyprus, released a statement concerning a decision it had reached on several complaints about the activities of Banc de Binary. Banc de Binary was fined 22,000 Euros for contravening sections of the Prevention and Suppresion of Money Laundering and Terrorist Financing Law DI144-2007-08 of 2020. This law was passed by the Cypriot government to prevent the use of the Cypriot financial system as a conduit for terrorist financing and money laundering. As part of the requirements of brokers to qualify as CIF which can operate as binary options brokers in Cyprus. clients of brokerage firms are required to make certain disclosures as to the source of funds to be used for binary options trading, in addition to fulfilling Know Your Customer (KYC) requirement of submitting a government issued ID and a proof of residence document.

The finding though is that not all brokers follow these rules strictly. There is a lot of competition for clients as the number of brokerage houses offering European-style binary options has increased dramatically in the last two years. Some firms may therefore not follow the laid down procedures of identifying customers and their means of income before allowing them to operate binary options accounts.

By coming out to sanction Banc de Binary, CySEC has made yet another statement in its quest to ensure that the binary options marketplace in Cyprus is sanitized and that brokers operating with its license comply with the laws of the land.

This is not the first time that Banc de Binary is finding itself at odds with a regulator. In 2020, it had issues with the Commodities and Futures Trading Commission (CFTC) which regulates binary options in the US. The CFTC accused the company of illegally soliciting US clients. In the US, it is illegal for companies that operate outside of the CFTC’s jurisdiction to solicit and operate binary options accounts for US citizens and residents.

For now, Banc de Binary is still able to conduct binary options brokerage business as its license was not suspended by CySEC. It is therefore still open for business but new clients can expect a much tougher account opening regime by this broker.

Best CySEC Regulated Forex Brokers 2020

You’ll be surprised by how many brokers are based out of Cyprus these days. Some good, some not so good, but the majority regulated by CySEC. In this article we’ll explore the background of the CySEC regulation and we’ll also show you the best CySEC regulated Forex Brokers based on our intense research into the operators.

The brokers below represent the best CySEC Regulated Forex Brokers

Your capital is at risk.

MT4, MT5, Proprietary

Market Maker, STP

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Your capital is at risk.

Your Capital is at Risk

cTrader, MT5, Zulutrade

Your Capital is at Risk

Your capital is at risk

IRESS, MT4, MT5, webtrader

No dealing desk

Your capital is at risk

90% of retail CFD accounts lose money

No dealing desk

90% of retail CFD accounts lose money

Your capital is at risk

Your capital is at risk

76.4% of retail CFD accounts lose money

ASIC, CySEC, FCA, FSB, ISA, MAS

No dealing desk

76.4% of retail CFD accounts lose money

62% of retail CFD investors lose money

ASIC, CySEC, FCA, MiFID

cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, Zulutrade

Market Maker, No dealing desk, STP

62% of retail CFD investors lose money

Your capital is at risk

Your capital is at risk

BDSwiss

Regulated By: CySEC, FSC, NFA

Foundation Year : 2020

Headquarters : Grienbachstrasse 11, 6300, Zug, Switzerland

Min Deposit : $100

Your capital is at risk.

BDS Markets Ltd is an online financial services provider licenced and regulated by the FSC Mauritius, offering forex and CFD for trading on its online trading platforms. Its sister company BDSwiss Holding PLC is operating under CySEC licence No 199/13, Today, BDSwiss Holding PLC is located in Limassol, Cyprus and has a Tied Agent in Germany. Both companies belong to the BDSwiss Group of companies.

IC Markets

Regulated By: ASIC, FSA

Foundation Year : 2007

Headquarters : International Capital Markets Pty Ltd Level 6 309 Kent Street Sydney NSW 2000, Australia

Min Deposit : $200

Your Capital is at Risk

IC Markets was founded in Sydney, Australia in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Seychelles Financial Services Authority (FSA). According to the broker’s website, they processed $646 billion worth of trading volume in April 2020 alone.

While the broker offers services and features designed for both beginner and professional traders, the company promote themselves as the ‘go to’ choice for high volume traders, scalpers and trading algos due to their New York Equinix NY4 data centre – processing over 500,000 trades per day.

Broker Rating Official Site Regulations Min Deposit Max Leverage Trading Platforms Foundation Year Publicly Traded Trading Desk Type Currencies Commodities Indices Stocks Crypto Commission on trades Fixed spreads offers promotions Official Site
Pros: Cons:
  • True ECN broker with institutional grade liquidity.
  • MetaTrader and cTrader available on desktop, web and mobile.
  • Wide range of tradable products with 24/7 customer support.
  • Impressive library of educational material and videos.
  • Beginner traders may be overwhelmed by the choice of markets and platforms.

FP Markets

Regulated By: ASIC, CySEC

Foundation Year : 2005

Headquarters : Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia

Min Deposit : $100

Your capital is at risk

FP Markets was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC), offering segregation of client funds and top tier liquidity. FP Markets is a group of companies that includes First Prudential Markets Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Traders can use the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms for desktop, web and mobile, as well as, the Iress active trader trading platform. Traders can also access a wide variety of trading tools which include MAM/PAMM accounts, VPS services, Forex calculators, an MT4 Trader Toolbox full of additional indicators and access to AutoChartist.

Pros: Cons:
  • ASIC regulated.
  • ECN pricing and DMA trading available.
  • 10,000+ tradable financial instruments.
  • Wide range of trading platforms and trading tools available.
  • Excellent customer support and education tools.
  • The volume of choice of markets and accounts may be overwhelming for beginner traders.

Regulated By: CySEC, FCA, FSC

Foundation Year : 2020

Headquarters : FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

Min Deposit : $10

90% of retail CFD accounts lose money

FXTM, short for ForexTime, is a platform with a primary focus on foreign exchange. That specialization allows it to rise above many others when it comes to Forex focused trading platforms and tools. CFDs are available on 50+ currency pairs including major, minor, and exotic pairs. Leverage is available up to 1000:1.

Spreads are competitive across all platforms with 24-hour trading open 5 days per week. FXTM is based in Cyprus and licensed by the International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission, and other regulators in and out of the EU. A free demo account is available.

Pros: Cons:
  • Support for 250+ products to trade across global markets, including Forex, commodities, shares, indices and cryptocurrency CFDs
  • Competitive spreads
  • MetaTrader 4 and MetaTrader 5 platform support
  • Low maximum order size
  • No native Mac desktop app

NBH Markets

Regulated By: SVGFSA

Foundation Year : 2020

Headquarters : First Floor, First St. Vincent Bank Ltd Building, P.O. Box 1574, James Street, Kingstown, St. Vincent & the Grenadines

Min Deposit : $100

Your capital is at risk

NBHM has solid roots in gold trading and investment and is the only brokerage firm with gold-backed stability offered by the National Bullion House.

The broker offers leverage up to 1:500 across a range of different asset classes including Forex, CFDs, Cash Indices, Precious Metals and Commodities. Clients can choose from three account types called Standard, Pro and Elite which can be funded with USD currency.

The account types offer a range of commission-free and fee-based trading using the MetaTrader 4 and the MetaTrader5 trading platforms.

Pros: Cons:
  • Commission-free accounts available.
  • Can trade on MetaTrader 4 or MetaTrader 5 trading platforms.
  • High leverage up to 1:500.
  • Forex, Indices, Precious Metals and Energies available to trade on.
  • Zero fees on deposits.
  • Only accounts available are in USD
  • The minimum bank wire transfer amount is $25,000

Plus500

Regulated By: ASIC, CySEC, FCA, FSB, ISA, MAS

Foundation Year : 2008

Headquarters : Building 25, MATAM, Haifa, Israel

Min Deposit : $100

76.4% of retail CFD accounts lose money

Plus500 has been in the brokerage business for a decade. They boast of 317,000 clients from all over the world. They are properly regulated in four different countries including Australia, UK and Cyprus. The trading platforms are simple, user-friendly, fast and secure. Platforms that can be used across multiple devices and operating systems are available for trading in various situations.

No educational materials are available, which is a huge minus. Furthermore, no research materials (else then the economic calendar) or technical analysis is provided.

Pros Cons
  • 2,000+ CFD products available for trading across global markets, including cryptocurrency CFDs
  • Offers guaranteed stop-loss orders
  • Multiple regulations from different countries. Regulation includes FCA, ASIC, CySEC and MAS.
  • Over 100 chart indicators are available in the web platform
  • Lack of content and news headlines
  • Lack of Trader Education to clients
  • No phone support offered

eToro

Regulated By: ASIC, CySEC, FCA, MiFID

Foundation Year : 2007

Headquarters : Kanika International Business Center 7th Floor, 4 Profiti Ilia Street Germasogeia, Limassol, Cyprus

Min Deposit : $200

62% of retail CFD investors lose money

eToro is an online trading platform that was founded in 2007 by the Assia siblings and their friend David Ring in Tel Aviv, Israel. Formerly known as RetailFX, eToro is the pioneering online broker for social trading. Their Openbook social trading platform in fact changed the nature of the way beginner online traders can trade the financial markets. It made the markets accessible to everyone, no matter what their level of experience by creating a user-friendly environment and allowing traders to copy the trades of other traders’ strategies automatically.

Pros: Cons:
  • Highly regulated broker (FCA, CySEC and ASIC)
  • Innovative trading platform
  • Wide range of assets to trade with
  • Ability to earn 2% management fee as an Investor trader
  • Spreads are higher than average
  • Does not have the MetaTrader platform

LiteForex

Regulated By: CySEC

Foundation Year : 2005

Headquarters : 124 Gladstonos Street, The Hawk Building, 4th Floor, 3032, Limassol, Cyprus

Min Deposit : $50

Your capital is at risk

LiteForex began operations in 2005 and has since grown into a global broker with offices across the globe. The Head office is in Marshall Islands where it operates the global brokerage services, while the European brokerage service is controlled from the Cypriot office. Today, LiteForex has offices in Iran, Indonesia, Vietnam, Nigeria, Nicaragua, India, Kyrgyzstan and Philippines. The EU office operates from Limassol, Cyprus.

LiteForex offers currencies, stocks, commodities, indices and cryptocurrencies. LiteForex claims to have an ECN brokerage model, in addition to its regular market-making model. As a result, the brand offers low spreads and charges commissions on certain trades. Trades are executed instantly without requotes.

LiteForex boasts of 300 new accounts everyday and 500,000 clients from all over the world. The website is available in 15 languages.

Introduction to Forex Regulations

For many beginner traders who are new to online trading, the normal assumption is, if a broker is not regulated, then it is likely to be operating illegally. However, this is not the case for the forex market, as it is an OTC market with no specific regulations covering it. What you should be aware of is that most of the forex regulations that we often hear about only cover a specific jurisdiction and do not apply to the entire industry on a global scale. So if a forex broker is able to operate with no regulatory oversight, why bother regulating it? In fact proponents of the free market theory might argue that a market work most efficiently when it is not curtailed by any artificial regulations. While this might be true in theory, the reality is very much different.

Regulations unlike legislations are not written by the lawmakers but instead are crafted by bureaucrats based on their understanding of what the market needs in order to function smoothly. In other words, regulations are flexible and can change accordingly to circumstances unlike legislations which require amendments to the legislation before any changes can take effect.

over the last decade has become the major center for financial services providers to set up shop in Europe. Given the fact that Cyprus is also a member of the European Union (EU), under the MiFID (Markets in Financial Instruments Directive) rules, forex brokers are permitted to “passport” their authorization issued by CySEC and operate legally in other member states within the EU.

What is CySEC regulation?

The Cyprus Securities Exchange Commission or CySEC as it is often known, is the regulator for the financial industry in Cyprus. As a member state of the EU, it is required to abide by the regulatory framework as established under the Markets in Financial Instruments Directive. MiFID was passed by the European Parliament in 2008 in order to harmonize the regulations governing the financial services industry within the EU. It established the standards for financial services providers to follow. It is primarily focused on OTC transactions such as the forex industry.

When Cyprus joined the EU in 2004, this meant that CySEC fell under the MiFID rules. This gave firms regulated under CySEC access to the financial markets within the EU. While Cyprus was previously known internationally as a tax haven, as a result of the MiFID, the financial regulatory framework in Cyprus since then changed significantly to much higher standard on par with other major financial centers around the world. In fact, CySEC became the first major regulatory body in Europe with recognize and regulate binary options as a financial instrument.

CySEC’s Responsibilities

The main responsibilities of CySEC are as follows:

  • Supervision and control of the Cyprus Stock Market
  • Monitor transactions carried on the Cyprus Stock Market
  • Monitor the conduct of listed companies and financial services providers
  • Grant operation license to investment firms, consultants and brokers
  • Monitor investment services companies, investments funds and related services
  • Apply penalties or administrative sanctions for non compliance of regulatory requirements

How CySEC Regulation protects you

So how do CySEC regulations protect you as an investor? Since the majority of Europe’s regulated forex brokers fall under the jurisdiction of CySEC, the regulations imposed by CySEC have a strong impact on investor’s protection. It implies that forex brokers under the oversight of CySEC are required to operate with transparency and in a fair manner. Specifically as an investor trading with a CySEC regulated forex broker, you will benefit in the following manner:

  • All your monies are kept in a segregated trust account which the broker is not permitted to access. This helps to prevent any abuse of your money by the broker. In other words, the broker is not allowed to use your money for its own operational needs. Another benefit of having your money separated from the broker’s own funds is that the fact that creditors of the broker cannot file a claim on this money as it is not part of the broker’s asset.
  • Regulated brokers under CySEC are required to maintain sufficient capital to meet the capital adequacy ratio requirement. This is ensure that the broker have sufficient capital at all times to fulfill the contractual obligations arising out of the transactions of their clients.
  • CySEC regulated brokers are required to submit regular financial statements to CySEC in order for the regulatory agency to monitor their compliances of the regulatory requirements. In this way, brokers will not be able to hide anything that is not in the interest of the investors.
  • As part of the regulatory requirement, CySEC’s regulated brokers are required to submit an independently audited financial report to CySEC.
  • Before any forex broker can be issued a licensed by CySEC, the broker is required to join the Investor Compensation Fund Scheme. The purpose of this fund is to protect investor should the broker becomes bankrupt and is unable to fulfill its contractual obligations. Under this scheme, an investor can file for compensation up to a maximum amount of 20,000 euros.
  • Brokers are constantly kept on their toes to ensure they operate fairly as they run the risk of having sanctions and penalties imposed on them. In the worse case scenario, the offending broker might even lose its operational license.

Guidelines for CySEC Regulated Brokers

Before a forex broker can be issued a Cyprus Investment Firm (CIF) by CySEC, it must first be able to meet certain guidelines. Some of these guidelines include:

  • Having more than one individual involved in the administration of the forex brokerage.
  • Under its CySEC license application, the broker must list all the services and products which they plan to offer.
  • Must have an initial share capital of at least 200,000 euros if they handle their clients’ funds.
  • Must have an insurance coverage of at one million euros for individual loss and a total coverage of 1.5 million euros annually for losses resulting from inactions or negligence.
  • CySEC Forex brokers should maintain at least €750,000 in operating capital.

Verifying the Authenticity Of CySEC Regulated Forex Brokers

In order to help investors and traders verify the authenticity of a CySEC regulated broker, CySEC has published a list of regulated brokers on its website which investors can refer to check the authenticity of a broker’s CIF license number. The link to this list is: http://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/

In addition, CySEC also regularly issue warnings on its website to warn investors of any unregulated broker claiming to be regulated by CySEC. This list is updated regularly and can be viewed at the following link: http://www.cysec.gov.cy/en-GB/public-info/warnings/cysec/

Conclusion

Although an unregulated forex broker does not necessarily mean that the broker is in any way inferior to a CySEC regulated broker, we have to bear in mind that CySEC’s main objective is to protect the interest of investors. It has no other vested interests except to maintain the reputation of Cyprus as an international major financial center. Furthermore, we should also remember that even regulated brokers can sometimes break the rules. The difference between the unregulated broker and a regulated broker is that for the latter, you have an independent body that will hold the broker accountable for its infractions. So ask yourself this, why should you accept any less from a broker when you obviously have a better choice in term of a CySEC regulated forex broker?

Top Cysec Brokers for 2020

We found 24 online brokers that are appropriate for Trading Cysec.

Best Cysec Brokers Guide

CySEC Brokers

Before we show you the best CySEC brokers out there lets first understand what CySEC regulation is in the Forex markets.

The term CySEC stands for Cyprus Securities Exchange Commission and is under the Markets in Financial Instrument Directive, best known as MiFID, since 2004 when the Cyprus joined the European Union bloc.

These agents, firms or middlemen who help traders to trade in Cyprus are widely called CySEC brokers.

CySEC Brokers and Regulation

Most of the brokers in Europe are regulated by CySEC. CySec regulated brokers have strict regulations imposed to the protect investors.

How CySEC Regulation Helps

The first and foremost non-abuse of your money. CySEC brokers are not allowed to access it and so your funds cannot be used for any other purpose apart from trading on your behalf.

As your money is locked in a segregated account any creditors of of a CySEC regulated broker cannot make a claim to it.

It is mandatory for all the CySEC brokers to submit financial statements on a regular basis to CySEC.

CySEC brokers need to join the Investor Compensation Fund Scheme before getting a license. This facilitates investors to file for compensation if the broker becomes bankrupt.

CySEC brokers can face sanctions or penalties if they operate unfairly.

CySEC Brokers Guidelines

At least two people should be listed as administrators of a CySEC broker.

All of a CySEC brokers products and services need to be listed.

The required initial capital is 200,000 Euros.

The required operating capital is 750,000 Euros.

CySEC brokers are required to get insured for 1 million euros or 1.5 million euros for individual loss or loss due to negligence or in action respectively.

Responsibilities of CySEC

CySEC has many responsibilities all with the aim of protecting investors. Here we will discuss just some of the important ones:

  • CySEC supervises, controls and monitors transactions of the Cyprus Stock Market.
  • CySEC monitor’s financial service providers as well as the conduct of listed companies in the Cyprus Stock Market.
  • CySEC issues a license to brokers, consultants and investment companies.
  • CySEC punishes brokers with sanctions or penalties if misconduct is found.
  • CySEC monitors investment funds, investment firms and related services as well.

How to Verify CySEC Brokers

Finding reputable CySEC brokers is easy. The CySEC website publishes their names and respective license numbers. The website also publishes regular warnings on unregulated brokers which falsely claim to be under the regulation of CySEC.

CySEC Verdict

You may come across several unregulated brokers who may claim CySEC regulation is not important.

You have to note here that the primary mission of CySEC is to protect investors and continue making Cyprus one of the most protected financial centers on internationally.

When a broker under CySEC regulation breaks the rules, you can approach the CySEC for accountability. Hence, when trading we recommend you always trade with a broker with regulation like that of CySEC.

We’ve collected thousands of datapoints and written a guide to help you find the best Cysec Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best cysec brokers below. You can go straight to the broker list here.

Reputable Cysec Brokers Checklist

There are a number of important factors to consider when picking an online Cysec trading brokerage.

  • Check your Cysec broker has a history of at least 2 years.
  • Check your Cysec broker has a reasonable sized customer support of at least 15.
  • Does the Cysec broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Check your Cysec broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Does your Cysec broker have an international presence in multiple countries. This includes local seminar presentations and training.
  • Make sure your Cysec broker can hire people from various locations in the world who can better communicate in your local language.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Cysec Brokers.

We compare these features to make it easier for you to make a more informed choice.

  • Minimum deposit to open an account.
  • Available funding methods for the below Cysec Brokers.
  • What you are able to trade with each brokerage.
  • Trading Platforms offered by these brokers.
  • Spread type (if applicable) for each brokerage.
  • Customer support levels offered.
  • We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.

Top 15 Cysec Brokers of 2020 compared

Here are the top Cysec Brokers.

Compare Cysec Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are cysec brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more cysec brokers that accept cysec clients

Broker eToro XTB Trading212 Plus500 FXPrimus EasyMarkets Roboforex XM FXPro Admiral Markets.com itrader phoenixmarkets oinvest itrader UFX
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14 Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Southern African Financial Sector Conduct Authority (FSCA) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC)
Min Deposit 200 No minimum deposit 1 100 100 1 1 5 100 200 100 215 500 200 200 500
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 12,000,000+ 250,000+ 14,000,000+ 15,500+ 10,000+ 10,000+ 10,000+ 70,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Offers STP
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows hedging
  • Offers STP
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Islamic account

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps MT4,iOS,MacBook,iPhone MT4,mac,Android.iPhone/iPad MT4,iOS,MacBook,iPhone MT4,iOS,MacBook,iPhone MT4, Web Trader, Tablet & Mobile apps
Support
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Risk Warning 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 76.4% of retail CFD accounts lose money Losses can exceed deposits Your capital is at risk Losses can exceed deposits Your capital is at risk Your capital is at risk Losses can exceed deposits 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Trading leverage products may not be suitable for all traders. 71% of retail CFD accounts lose money. Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk
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Excluded Countries US, IR, KP, BE, CA, JP, SY, TR, IL US, IN, PK, BD, NG , ID, BE US BE, US, CA, CN, ID, PH AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US US, JP US, CA, IL, BE, KR, IR, MM, CU, SD, SY US, IR, CA US, CA, JP, SG, MY, JM, IR, TR AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE US BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL UK,US US DZ, BZ, IL, JO, LY, MU, SD, SY, TN, US, YE, PK, BE

All Cysec brokers in more detail

We have listed 24 top Cysec brokers below.

You can compare Cysec Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Cysec Brokers for 2020 article further below. You can see it now by clicking here

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

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