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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Cyprus

The best Cyprus trading platforms
Best Cyprus Brokers 2021

This guide to the reputable online brokers in Cyprus has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the latest details about finding the top broker in Cyprus.

If you are a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You'll get adept skills at all the concepts of broker since you continue trading. For starters, you need to select the right broker in Cyprus who'll be clear with you always.

Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program is key to your success.

We currently have 17 Online Brokers that we think are the Professional Trading Patforms in Cyprus

Who Are The Reputable Cyprus Brokers?

This review has been written to help you find an experienced Cyprus broker. When searching for a good, professional broker in Cyprus it can be very confusing.  Below we detail what your trading platform are in Cyprus and what Cyprus brokers can do for you.

We currently have 17 Online Brokers in our database that we think are the Best Trading Patforms in Cyprus

BittrexAyondoBrightwin Securities And FinanceETX CapitalPlus500Ya-HiIC MarketsHirose FinancialDarwinexAmscot StockbrokingICICI DirectSpreadCoAlvexoDIF BrokerCommonwealth SecuritiesSwissquoteBaker Young Stockbrokers
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Minimum Deposit$100$1$250$100$100$100$200$1$500$500$0$100$0$500$5000$1000$200
Year Founded20102008201020022008200820072004201218531994200519931996199919992017
HeadquartersSouth KoreaLondonNew ZealandUKIsraelSt. Vincent & the GrenadinesAustraliaUKUKAustrailiaIndiaLondonCyprusPortugalAustraliaSwitzerlandAustralia
Regulated BySecurities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Financial Conduct Authority (FCA)UnregulatedFinancial Conduct Authority (FCA)Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546Financial Conduct Authority (FCA)Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)Ministry of Economic Affairs and Communications (Estonia)Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA)Australian Securities and Investment Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activitiesFinancial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Unregulated
Risk WarningYour capital is at riskLosses can exceed depositsYour capital is at riskLosses can exceed deposits76.4% 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 riskLosses can exceed depositsLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at risk
Withdrawal Fees$2NovariableNoNovariableNoYesYesvariableNovariablevariablevariablevariableNovariable
Inactivity FeesYesYesNoYesNoNoNoNo
Deposit Fees100125010010010020015005000100050050001000200
CFD FeesYesNoYesNoYesNoNoNo
Accepts Credit CardsYesYesYesNoYes
Accepts PayPalNoYesYesNoNo
Accepts SkrillNoYesYesNoNo
Accepts PayoneerNoNoNoNoYes
Accepts NetellerYesNoYesNoNo

Online Share Trading In Cyprus

Trading investments in Cyprus is highly controlled and considered very secure. But, as always, that any investment may go down as well as up, so your capital is in danger.

If you're just starting out using online trading then it is advised to get a demo account first with a controlled broker so you are able to find out the systems without the danger of losing money.

Live Forex Trading In Cyprus

Forex is the biggest liquid financial market in the world with a daily financial market turnover of more than $5 trillion (BIS statistics April 2016).

Forex (Abbreviation of Foreign Exchange) is a currency exchange involving two different nations and the next management of the resulting position where one currency gains and the other loses.

It's simple to do Live Forex Trading in Cyprus using seasoned online trading platforms

Live CFD Trading In Cyprus

CFD trading is the buying and selling of contracts for difference via an online provider in Cyprus. When trading CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Cyprus

Spread Betting in Cyprus is possible using experienced online brokers like eToro or FP Markets. It is a simple bet as to whether the price will go up or down.  Usually, the Cyprus online brokers will display the prices you have.

If you are looking at how to do spread betting in Cyprus then it is advisable to start with a demo account with either XTM or IC Markets so that you can practice with fake currency before risking your own capital.

Trading Stocks in Cyprus

Globally, Cyprus is considered safe to do online trading and has access to other global financial centers. In Cyprus, online trading platforms are highly regulated, professional and supportive. 

However, it is always important to be as informed as possible so here we detail some of the important things any trader should know:

The financial markets in Cyprus are very mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Cyprus.

The online platforms used by brokers in Cyprus are well tested and highly rated & secure.

Whichever Online Trading Brokers in Cyprus you decide to use, ensure they have all of the following:

  • Easy to use platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • Better quality charts
  • Able to perform social trading
  • Fast online help or support

Challenges Of Trading in Cyprus

The US Dollar is considered the base currency around the world so even a little change in the US financial markets could affect the economic markets in Cyprus. The EU is also a large economy and changes there may affect the financial markets in Cyprus.

Like many countries there are opportunities in Cyprus financial markets but overall the prospects are great. However, like in all global financial markets we recommend that any Online Trading Solutions in Cyprus you decide to use, make sure you do your due diligence first before risking any real money. We have collated hundreds of datapoints and written this guide to help you find the Best Trading Platforms in Cyprus.  We hope that by reading this guide you will find a reputable broker that matches your needs.

Frequently Asked Questions About Trading Forex In Cyprus

Is Forex Trading Legal In Cyprus?

There's a growing misconception that trading Forex in Cyprus is considered unsafe. This isn't the case, Forex Currency trading in Cyprus is quite active, safe and regulated.

Trading in Forex is allowed in Cyprus as for any company to trade internationally, foreign currency must be exchanged. Whenever you purchase something and it's sent from overseas, there will be multiple money exchanges by multiple companies to get that item to you.

The important issue is that if trading Forex in Cyprus you pick one of the top online agents.

Do Forex Traders Pay Tax In Cyprus?

Once a trader is successful and their gains achieve a certain level then they can be taxed in Cyprus as per the standard tax rules.

Tax returns must always be filed even if there is a loss. You should seek advice with a documented accountant in Cyprus to ensure you are abiding by all present local laws since it's very determined by your personal conditions.

Can You Trade Cryptocurrencies In Cyprus?

Cryptocurrency markets in Cyprus are quite new. As Cryptocurrencies work on decentralised assets in Cyprus matters like interest rate changes and political instability do not affect them as much as the fiat markets.

Cryptocurrencies are more popular with the centuries and with increasing income amounts and technologies adoption, trading cryptocurrency in Cyprus is increasing day by day. It is still modest compared to the Forex markets however around $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Cyprus?

Commodity trading in Cyprus involves trading in matters like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inCyprus.

Fast growing markets like India have a big demand for many basic raw materials because of their inhabitants. It follows that states like Cyprus can benefit from this situation.