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CySEC-Financial regulatory agency of Europe

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CySEC of Cyprus

CySEC was created in Cyprus as a commission that is in charge of regulating all financial markets in that country. It was founded in 2001 and by Article 5 is fully recognized as a public corporation. CySEC (Cyprus Securities and Exchange Commission) is also responsible for ensuring that any CIF (Cyprus Investment Firm) adequately meets all financial orders and regulations according to the financial regulatory laws of Cyprus.  Because this country is a member of the European Union, CySEC also has the funtion of monitor compliance of all regulations established  by the MiFID (Markets in Financial Instruments Directive) in relation to the financial sector. MiFID is the set of financial rules established for the 30 countries of the European Union.The main objetive of MiFID is promote fairness, transparency, efficiency and integration of financial markets in Europe.

CySEC is currently managed by a board of five members which are exclusive to this committee. One of the most important functions of the CySEC is the supervision and control of all operations and transactions made in the stock market of that country. This financial regulatory agency has the function of monitoring or controlling all companies  engaged in investment activities, also it assigns credentials or licenses to all financial companies that are interested in operating in Cyprus and monitor those individuals and companies dedicated to work as brokers or related activities. This is because Cyprus must comply with the laws established by the European Union, which were created by agreement of its 30 members.

The specific duties of CySEC are the following:
  • Check the best practices in the financial markets of Cyprus, as well as monitor and regulate all companies that obtain a license to operate in Cyprus and all firms that are listed on the stock market in this country.
  • It also grants operational licenses to all companies engaged in investment activities, including among these companies, financial advisers, brokers and investment firms.
  • It is also responsible to request and verify all information needed for companies that request to operate regularly in Cyprus.
  • If necessary, CySEC handles administrative and disciplinary sanctions to all those individuals and companies related to the financial sector such as brokerage firms (Forex brokers, stock brokers, etc), dealers, investment firms, financial advisors, banks and others, if there is any fraudulent behavior.
In summary, CySEC is dedicated to control and regulate everything that is related to financial services in Cyprus so that the companies installed in the country comply with the laws of Cyprus and other countries where these firms conduct their business.

List brokers regulated by CySEC

The following is a list of brokers that are currently regulated by the CySEC:

Broker Trading instruments Minimum deposit Complete review
Forex Brokers
XM

  • Forex.
  • Precious metals
  • CFD
$5

Review

EasyMarkets

  • Forex.
  • Commodities
$25

Review

ACFX

Broker ACFX

  • Forex
  • Precious metals
$10

Review

IronFX

  • Forex.
  • Precious metals.
  • CFD.
$500

Review

 

Trade360

  • Mercado Forex
  • Metales preciosos.
  • CFD.
$100

Review

Markets.com

  • Forex.
  • Precious metals.
  • CFD.
$50

Review

XTrade

  • Forex.
  • Precious metals.
  • CFD.
$100

Review

eToro

  • Forex.
  • Precious metals.
  • CFD.
$50

Review

AmigaFX

  • Forex.
  • Precious metals.
  • CFD.
$50

Review

Plus500

  • Forex.
  • Precious metals.
  • CFD.
$100

Review

FxPro

Forex broker FxPro

  • Forex.
  • Precious metals.
  • CFD.
$50

Review

FXCC

  • Forex.
  • Precious metals.
  • CFD.
$100

Review

EXNess

  • Forex.
  • Precious metals.
  • CFD.
$1 Review
UFX

  • Forex.
  • Precious metals.
  • CFD.
$500 Review
Orbex

  • Forex.
  • Precious metals.
  • CFD
$500

Review

Tradeo

  • Forex.
  • Precious metals.
  • CFD.
$100

Review

Binary Options Brokers
RoboOption

broker RoboOption

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$100 Review
OptionTrade

Binary options broker OptionTrade

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$100 Review
Optionfair

Binary Options with Optionfair

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$200 Review
24option

24option Binary Options Broker

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$250 Review
TopOption

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$200 Review
Capital Option

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$250 Review
Optionrally

Optionrally Binary Options Broker

  Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$200 Review
10Trade 10Trade regulated Binary options broker Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$200 Review
BetOption

BetOption regulated Binary options broker

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$200 Review
OxMarkets

OxMarkets regulated Binary options broker

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$250 Review
GOptions

Binary Options with GOptions

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$250 Review
Grand Option Grand Option regulated Binary options broker

Binary options on:

  • Forex
  • Commodities
  • Stocks
  • Stock indices
$250 Review

More information about Brokers Regulation


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