CySEC (The Cyprus Securities and Exchange Commission) is a European financial regulator with the strictest compliance rules. Getting a CySEC license is a challenge for every Forex broker, as this is not so easy. Before the Commission considers an application for a license, a broker should prove it is fully legal, transparent, user-friendly, and financially reliable enough. Thus, CySEC regulation is one of the most important pieces of evidence of a broker’s reliability. Traders Union experts have published their rating of the best CySec-regulated brokers. Analysts have selected Top-10 companies with the best trading conditions, which are worth looking through.
What companies have entered the rating?
Hundreds of brokers worldwide offer their services to Forex traders. But not all of them fully meet the demands of modern traders. Traders Union experts did their research and named the best CySEC-regulated Forex brokers, namely:
- IC Markets;
- eToro;
- Exness;
- FxPro;
- FBS;
- XM Group;
- Pepperstone;
- Tickmill;
- Admiral Markets;
- Libertex.
IC Markets
IC Markets is an Australian company, established in 2007. CySec issued its license to IC Markets in 2009. It took only two years for IC Markets to meet all the conditions of CySec.The broker is constantly developing and improving its services, not resting on its laurels. Therefore, leading places in various ratings for IC Markets are more commonplace than achievements.
IC Markets offers instant order execution and very low spreads. The broker supports all trading strategies and styles, user-friendly trading platforms with additional tools, and no fees for depositing and withdrawing funds. But the minimum deposit is rather high — it’s $200. Unfortunately, there is no access to IC Markets for the USA. More information about the pros and cons of ICMarkets can be found in its official overview by Traders Union.
Exness
Exness is known for a wide range of trading instruments, deep liquidity, and low spreads. It supports multiple trading platforms, including MT4, MT5, Webtrader terminals, and mobile applications (mt4, mt5). The broker is suitable both for experienced and novice traders as it offers four account types — Cent, Mini, Classic, and ECN. Infinite leverage makes it possible to earn up to $999 on small deposits. A demo account is offered to beginners and professionals testing new strategies.
eToro
eToro is a reliable broker with a good reputation among traders. Among other advantages, it offers a convenient function for passive investments.
The activity of the broker is regulated in reliable jurisdictions; For example, eToro (Europe) is licensed by the Cypriot regulator CySEC, and eToro (UK) is licensed by the British regulator FCA. There are also representations in Australia and the USA. It is possible to buy contracts for fractional shares. Available for trading in currencies, assets of the stock and commodity markets, and cryptocurrencies. The broker is rather non-standard, as it is focused on social trading, but in general, it is suitable for all types of investors.
