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Cyprus Securities and Exchange Commission

Major regulator

Cyprus (EU) · CYSEC

An EU regulator, so the ESMA leverage caps, 50% margin close-out and negative balance protection all apply — made permanent by CySEC’s own national measure. The licence is genuine and checkable on a public register, and the ICF covers up to €20,000 per client — but it is the lightest of the major-tier options, and many groups use a Cypriot entity for EU clients while routing others offshore.

Compensation if the firm fails

Up to €20,000 per covered client, and never more than 90% of the claim (Investor Compensation Fund). Professional clients are not covered.

CySEC — Investor Compensation Fund — read 2026-08-05

Negative balance protection

Required. Losses cannot exceed the funds in the account.

CySEC Policy Statement PS-04-2019 — read 2026-08-05

Margin close-out

Positions must be closed, on terms most favourable to the client, when funds in the account plus unrealised profit fall to 50% of the initial margin required for the open positions.

CySEC Policy Statement PS-04-2019 — read 2026-08-05

Maximum retail leverage

Asset class Maximum leverage
Major currency pairs 30:1
Minor pairs, gold, major indices 20:1
Other commodities, minor indices 10:1
Individual equities 5:1
Cryptocurrencies 2:1

CySEC Policy Statement PS-04-2019 — read 2026-08-05

A cap is a ceiling, not a target. Leverage decides the margin you post, not what a price move costs you — use the position size calculator to size from your stop instead.

Check a licence yourself

Search the entity named in your client agreement — not the brand on the website. A group can hold this licence and still open your account on a different, offshore company.

Open the CYSEC register

Brokers that name CYSEC

Naming a regulator is not the same as your account being covered by it. Confirm the entity.

IC Markets Pepperstone FP Markets Tickmill Exness XM Eightcap FxPro ThinkMarkets Admirals HFM Octa GO Markets Skilling Capital.com FBS

Sources