CySEC
5 brokers · sorted by scoreThe Cyprus Securities and Exchange Commission. As an EU regulator it applies the same MiFID rules as BaFin, including the 30:1 retail leverage cap and mandatory negative balance protection. The difference is the payout: the Cyprus Investor Compensation Fund covers a maximum of €20,000 per covered client, well short of the UK figure. CySEC licenses a very large share of the retail brokers marketing into Europe, the Middle East and Africa, so the quality of firms under it varies more than the licence alone suggests.
Capital.com Review: Trusted, and Cheap in the Places That Usually Cost You
Trusted
8.0 /10
7 Sep 2026
eToro Review: Trusted, With a Cost Structure Worth Reading Twice
Trusted
7.5 /10
7 Sep 2026
Exness Review: The FCA and CySEC Licences Do Not Cover Retail Clients
High Risk
5.9 /10
7 Sep 2026
AvaTrade Review 2026: Downgraded to High Risk After a Second Reporting Penalty
High Risk
5.3 /10
8 Oct 2026
FXNovus Review 2026: AMF Blacklisted, No ODP Licence
Scam
1.1 /10
4 Oct 2026