Plus500 has been one of the best CFD brokers globally since 2008. The broker offers a wide range of online CFDs on forex, shares, commodities, and more!
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CySEC is a European regulatory authority based in Cyprus. It ensures brokers adhere to strict ESMA rules and treat all their clients fairly. If you have been looking for reliable CySEC-regulated brokers, we are here to help. We understand that every trader or investor needs a CySEC-regulated broker that aligns with their investment needs. That is why we conducted thorough market research to share the recommendations below. We will also discuss the importance of having CySEC-regulated brokers and more.
List of the Best CySec Regulated Brokers in the UK 2024
eToro – Overall Best CySEC Regulated Trading Broker in the UK
BDSwiss – Best CySEC Regulated Broker for CFD Trading
*80% of CFD retail accounts lose money
In this guide
Best CySEC Regulated Brokers in the UK
Compare CySEC Regulated Trading Brokers in the UK
TradingGuide is comprised of professional traders and researchers with decades of experience. With our extensive knowledge in the financial industry, we decided to test and compare hundreds of CySEC-regulated brokers in the UK. We will share our opinions based on our experiences later in this guide. But first, here is a comparison table highlighting some of the elements we looked into during our research process. We aim to ensure you understand what each CySEC broker offers and make informed choices.
MetaTrader 4, MetaTrader 5, BDSwiss Mobile App, BDSwiss WebTrader
Credit/Debit cards, Bank Wire transfers, Skrill, Neteller and others
Yes
Negative Balance Protection
Brief Overview of Our Recommended CySEC Brokers’ Fees and Assets
When choosing the best CySEC-regulated broker in the UK, always confirm its features to ensure you partner with one that aligns with your trading requirements. Some elements to look into are the applicable fees and asset offerings. To streamline this process of research for you, we share tables below briefly highlighting our recommended CySEC brokers’ fees and assets.
Our Opinion & Overview of the Best CySEC Regulated Brokers in the UK
Testing and comparing CySEC-regulated brokers in the UK was not easy. We spent hundreds of hours in this process to ensure we left no table unturned. We started by signing up for trading accounts on various brokers’ platforms. We then tested them and only shortlisted those meeting our specifications. Below are our opinions and overviews of our most preferred brokers regulated by CySEC. Hopefully, you will understand what each has to offer and select a suitable option for your needs.
1. eToro - Overall Best CySEC Regulated Trading Broker in the UK
eToro is one of the best CySEC brokers that operates in the UK under FCA conditions. We tested this broker and were really impressed by its offerings. For instance, eToro has a user-friendly and modern design platform that guarantees a maximum experience for all users. Plus, we noted that its low minimum deposit requirement of $100 makes it easier for any low-budget trader to get started.
When it comes to asset offerings, we explored over 5,000 options across various classes. These include forex, stocks, commodities, cryptocurrencies, ETFs, indices, and more. Undoubtedly, eToro’s regulatory status ensures a secure trading environment. You will also enjoy social and copy trading, adequate learning materials, advanced trading tools, reliable support service, and commission-free stock trading. We give this broker a 5-star rating.
1
eToro Review
TradingGuides Rating:
✔Copy/Social trading
✔Low minimum to fund an account and begin investing
depends on your payment method, currency, and eToro Club level.
Overnight Fee
vary according to the value and direction (BUY or SELL) of your position
Withdrawal Fee
all withdrawal requests are subject to a $5 USD fee
Inactivity Fee
monthly inactivity fee of $10 USD (charged after 12 months)
Stocks – there is a total of 800 stocks offered ranging from the biggest tech businesses in the U.S. to smaller companies from all over the world. Stock trading is always commission-free with eToro.
Cryptocurrencies – being one of the first brokers to jump on the cryptocurrency bandwagon, it comes as no surprise that eToro dominates this segment. With more than 20 coins and a number of cryptocurrency pairs, there is enough for all crypto traders.
Currency Pairs – in the early days, eToro was just another FX broker and even though they’ve developed since, the broker has stayed true to its roots. As a trader, you can choose between 49 currency pairs ranging from majors and minors to a few exotic ones.
Long-Term Investments– unlike many online brokers, eToro is also suitable for long-term investments. For example, their investment portfolios are a great way to diversify your portfolio and limit risk.
Additional assets – in addition to the above, eToro provides access to commodities, indices, and ETFs as CFDs. There is also a range of unique assets such as Crypto Portfolios that are only offered by eToro. This means that you can create a diverse portfolio with ease.
*A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
2. Plus500 - CySEC Regulated CFD Broker for Traders
New traders in the UK need a simple, innovative, and reliable platform like Plus500’s. The broker has a user-friendly interface, which allows to have a flawless experience. Plus, we explored over 2,000 CFD assets, including forex, shares, indices, commodities, options, and ETFs. There is also responsive customer service waiting to attend to your needs 24/7 via phone, email, and live chat.
Another element that impressed us the most about Plus500 was its commission-free trades. You will only incur spreads, which, according to our broker comparison, are among the lowest in the industry. Moreover, Plus500 is flexible, and you can trade financial assets via mobile or desktop devices. We discovered advanced resources and flexible leverage limits that will excite experienced traders. Comparing this broker to its peers, we give it a 4.6-star rating.
1
Plus500 Review
TradingGuides Rating:
✔ Educational materials
✔ Regulated in many countries
Low spreads, especially on popular currency pairs.
Free deposits and withdrawals.
Excellent design and user-friendly platform.
A virtually-funded demo account for newbies to get started with.
Cons
No scalping or automated trading.
Only CFD trading supported.
Type
Fee
Overnight Funding
yes
Currency Conversion Fee
0.7%
Guaranteed Stop Order
spread applies
Inactivity Fee
$10 per month
Withdrawls/Deposits
$0
Plus500 provides access to 2800+ CFDs across a wide range of different asset classes, including: Indices – Country and Sector, Forex, Commodities, Individual shares, ETFs, Options
Note: 80% 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.
3. ForexTime (FXTM) - Best CySEC Regulated Broker for Forex Trading
Within a decade, FXTM has attracted millions of global traders to its modern-style platform. From our analysis, it lists different platforms to choose from, depending on your trading needs. These include its Web and MT4, which are known to supply users with advanced resources for a maximum trading experience. The selection of financial instruments is also adequate, with over 1,000 options, including stocks, commodities, forex, indices, and more.
Getting started is easy at FXTM, and we recommend it to beginners. The broker also charges low trading fees with spreads from 0.0 pips. Its minimum deposit requirement is £500 on its Advantage account, and there are no transaction charges. With additional features such as copy trading and quality support service, FXTM has proven reliable to users across the UK and other EU states. We, therefore, give it a 4.5-star rating.
1
FXTM Review 2024
TradingGuides Rating:
✔ Great education section
✔ Well-established broker
Highly customisable platform with adequate market analysis tools.
Cons
Limited trading instruments compared to its peers.
Inactivity fee of £10 monthly applies after only three months.
Type
Fee
Minimum deposit
$10
Overnight fee
$5
Deposit fee
$0
Withdrawal fee
$3
Inactivity fee
Yes
In the forex market, you have a choice of 250 currency pairs. If you decide to trade stocks, FXTM can offer you 170 options for stocks from different companies. Many of these stocks are offered not only as CFDs, but also for live trading. The broker also allows customers to trade cryptocurrencies.
4. XM - CySEC Regulated Broker with the Lowest Fees
XM is a powerful broker regulated by multiple world-respected authorities, including CySEC and the FCA. Being a CFD and spread betting broker, XM has attracted over 10 million clients. We had an amazing experience, trading over 1,000 securities with low spreads from 0.0 pips. The assets include forex, shares, commodities, indices, and more.
A minimum deposit of £5 is required to get started with XM. The broker has no transaction costs, making it among the most cost-effective in the UK. XM’s MetaTrader platforms have various instruments and tools to help you reach your trading goals. The broker also makes your experience more engaging with bonus offers. Its customer service is available in over 30 languages and is reachable via phone, live chat, and email. From our hands-on experience, we give XM a 4.6-star rating.
Low CFD and spread betting fees, with spreads from 0.0 pips.
$5 minimum deposit requirement.
Free deposits and withdrawals.
Cons
Limited asset offerings compared to its peers.
Besides MetaTrader, there are no other proprietary platforms offered.
Type
Fee
Minimum deposit
5$
Overnight fee
0$
Deposit fee
0$
Withdrawal fee
0$
Inactivity fee
$15 one-off maintenance fee
Type
Micro Account
Standard Account
XM Ultra Low Account
Shares Account
Minimum deposit
5$
5$
5$
10.000$
Commission
No
No
No
Yes
Spread on all majors
As Low as 1 Pip
As Low as 1 Pip
As Low as 0.6 Pips
As per the underlying exchange
Leverage
Up to 1:1000
Up to 1:1000
Up to 1:1000
No
5. BDSwiss - Best CySEC Regulated Broker for CFD Trading
BDSwiss is a CySEC-regulated broker offering over 250 CFD trading products for UK clients. These include forex, shares, indices, commodities, and cryptos. We tested its WebTrader, MT4, and MT5 platforms and found them user-friendly and provide quality resources for all types of traders. The CySEC broker also has many educational resources specifically tailored for each investor’s category.
Trading CFDs with BDSwiss comes with low spreads from 0.0 pips. For professional traders, you will enjoy leverage limits up to 1:2000. We also tested BDSwiss’ mobile app and must confess that it is easy to navigate. Although the broker’s support service is available 24/5, rest assured of quality assistance via phone, email, or live chat. We rate BDSwiss with 4.4 stars.
BD Swiss provide customers with more than 1000 underlying instruments from six asset classes, including commodities, metals, currencies, bonds, and stocks from all over the world.
What is Cyprus Securities and Exchange Commission (CySEC)
Established in 2001, Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority based in Cyprus. Cyprus is a member of the EU, meaning that CySEC’s financial regulations and operations must adhere to the European MiFID (Markets in Financial Instruments Directive) financial harmonisation law.
With MiFID law, financial firms registered in a particular state can accommodate clients from other countries within the EU state. For instance, any broker registered in Cyprus can accept clients or citizens from any state within the European Union.
Overall, CySEC has many financial obligations, including:
The authority reviews and approves applications from financial service providers in Cyprus. It also issues operating licences to these companies and has the right to revoke them if necessary.
Issue financial regulatory decisions and directives to the best CySEC forex brokers.
Conduct investigations on financial service providers under Cyprus laws or on behalf of other foreign competent regulators.
Regulate and supervise the operation of all financial transactions on the Cyprus Stock Exchange.
Impose disciplinary and administrative sanctions provided by the law in Cyprus.
Coordinate with foreign financial regulators and exchange data and information to ensure online trading and investment remain safe.
How CySEC Regulation Protects You
CySEC imposes various regulations to secure online financial space and keep away fraudulent individuals. But how do traders benefit from this? How does CySEC regulation protect you as a trader or investor? Keep reading to find out.
CySEC regulations ensure that all traders’ and investors’ funds are stored in segregated accounts, which even brokers cannot access. This guarantees that no broker will use your money for their operational activities. Plus, this move ensures that you can easily recover your money in case a broker goes bust.
CySEC encourages all its regulated brokers to hold enough capital to meet its capital adequacy ratio requirement. By adhering to this element, brokers decrease their chances of failure even in the event of massive losses.
CySEC demands that all brokers share a complete overview of the products and assets they are looking to offer clients. The authority will then review and approve a brokers’ offering, thus guaranteeing a worthwhile experience for users. Note that the brokers must only offer what they share with CySEC or they will have gone against the authorities’ regulations.
CySEC-regulated brokers are obligated to submit regular financial compliance reports to the authority. Through this, it will be difficult for the brokers to hide any wrong activity. Plus, CySEC subjects the brokers to frequent audits and conducts frequent visits, thus exposing any misconduct. This guarantees maximum safety when trading with any CySEC broker.
All brokers licensed and regulated by CySEC must maintain insurance coverage worth at least 1.5 million EUR. By adhering to these elements, it will be easier for users to recover losses resulting from negligence.
CySEC encourages all brokers it oversees to join the Investor Compensation Fund Scheme. This way, all traders and investors partnering with the brokers can receive compensation of up to 20,000 EUR if a broker goes bankrupt.
Note: CySEC is very strict with its regulations, and any broker that goes against them will be penalised. They might even have their licences revoked depending on the gravity of the mistake.
To find out which broker is licensed and regulated by CySEC, visit the broker’s official website at the bottom of its homepage. You can also visit CySEC’s website for an up-to-date list of all brokers legally approved to operate in Cyprus and, of course, within the EU. Remember, many fraudulent brokers are in the market today, so checking their credibility is crucial to avoid falling victim to scammers.
How to Choose the Right CySEC Regulated Trading Broker in the UK
Many CySEC brokers go beyond extending their services in CySEC and the EU. They also accept clients across other global regions under the approval of relevant authorities in those jurisdictions. In the UK, such brokers can only be approved by the FCA. So, whether you consider looking into our list or recommendations for conducting your own research, below are the elements to help you identify the best option.
The best CySEC broker must not only be licensed by CySEC but also by the FCA. Having an approval in the UK market guarantees the safety of your funds. You will also have the best environment to trade and invest in. You can confirm a broker’s credibility on its official website or the relevant authorities.
Consider a CySEC-regulated broker you can afford. This means you must confirm a broker’s commissions and spreads. You should also check its non-trading fees, including minimum deposit requirement, deposit and withdrawal fees, inactivity costs, and more.
Partnering with a CySEC-regulated broker featuring your preferred asset should be a priority to any trader. If a broker supports numerous asset classes, this should be a bonus. You will easily diversify your portfolio without seeking other brokers. Remember, portfolio diversification limits the risks that come with investing in a single asset.
Choose a CySEC-regulated broker with a user-friendly platform that fits your skill level. If you are a beginner, confirm the availability of a demo account. For professional traders, ensure the broker hosts advanced trading resources that will give you an exciting experience. Most importantly, check the quality of research and learning materials. This will help you easily strategise and continue learning the markets without seeking other resource providers.
Most CySEC brokers support transactions using multiple payment methods. While this element might seem irrelevant to many, ensure your broker offers payment services via a convenient method. This way, you can easily transact and focus more on training or investing rather than the hassle of currency transfers and conversions.
The best broker regulated by CySEC must have a reliable and responsive support service. Its support team must be responsive and offer relevant solutions that will help advance your ventures. Plus, ensure the support service is reachable via convenience channels, whether phone, email, or live chat.
While we encourage you to consider the above elements when choosing the best CySEC broker, that’s not all. Consider visiting Google Play, the App Store, and Trustpilot to analyse user comments and ratings. This way, you will get enough insights into what each broker offers and make informed choices.
How to Register an Account with a CySEC Regulated Broker
If you are a beginner, getting started with your CySEC-regulated broker can be challenging. Below are the simple steps to guide you in this process. We aim to ensure you can not only identify a suitable CySEC broker but also sign up for a trading account and get started on a good note.
If you have chosen a broker from our recommendations list above, click on any links we have shared here for quick access to the broker’s site. Once there, ensure you read its terms and conditions to fully understand its requirements. Most importantly, install your broker’s trading app on your mobile device. This will ensure you continue managing your activities even while on the move.
Once you are confident with your broker, click the “Sign in,” “Join Now,” or “Register” button. Fill in the provided form with your personal details, including your name, email, phone number, location, preferred currency, and more. Your broker might also request that you create a unique username and passcode for an added layer of safety to your trading or investment account.
Before fully activating your account, you will participate in account verification. This is a standard procedure required by all FCA-regulated brokers to ensure online trading and investment remain safe. During this procedure, your broker will request that you share a copy of your original identification card, passport, or driver’s licence for identity verification. You will also provide a copy of a recent utility bill or bank statement to verify your location.
Once your broker activates your account, you will receive an email notification. At this point, you can make a deposit and kickstart your ventures. Many CySEC-regulated brokers support payments via multiple methods, including credit/debit cards, e-wallets, and bank transfers. So, choose the most convenient payment option and make your deposit per your broker’s minimum requirement.
Your broker will confirm your deposit, and redirect you to its platform where all securities are listed. Whether you want to buy or trade an asset as a derivative, pick an option you are familiar with. Develop a solid strategy before opening a position. Only put up a little money if you are a beginner since the financial market is unpredictable. Instead, start with small amounts and see how things work out before adding to your capital. Also, apply risk management controls like stop-loss orders to mitigate massive losses if a trade works against you.
FAQs
What is CySEC regulation?
CySEC regulation means that a broker’s activities are overseen by the Cyprus Securities and Exchange Commission (CySEC). Since this body is under the MiFID regulations, it can serve traders in all European Union countries.
What companies need to be CySEC regulated?
CySEC can regulate any business in the Cyprus financial markets. This includes brokerage firms.
Are CySEC regulated brokers safe?
Yes. Since CySEC operations have to meet the MiFID standards, you do not need to worry about your safety with any CySEC regulated broker.
How do I know if a broker is regulated by CySEC?
You can do so by confirming their license number on the CySEC website.
Does CySEC regulate eToro?
other world-renowned authorities, including the Financial Conduct Authority (FCA).
Conclusion
From our research, CySEC is a financial regulator with the most EU-registered brokers. This leaves it with a critical role in the financial landscape since millions of clients rely on its ability to secure the investment environment. As a trader or investor, ensure you confirm a broker’s credibility before making a commitment. You do not want to fall victim to scammers and lose all your hard-earned money. And if you have limited time for research, our recommendations list above highlights the best CySEC-regulated brokers that guarantee an exciting experience.
How we test?
Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.
The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example.Find out more about our test process here.
Thadeus Geodfrey
Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.
His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.
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