CySEC Regulated Forex Brokers with the Highest Leverage
Forex brokers in Cyprus are regulated by the well-known Cyprus Securities and Exchange Commission (CySEC). However, since a new regulation (which is ESMA or European Securities and Markets Commission) is introduced, there are no high leverage forex brokers left in Cyprus.
According to the ESMA rules, forex brokers can offer a maximum leverage of 1:30 on major forex pairs to clients categorized as “non-professional” traders. This restriction is aimed to check the broker’s requirements for being a “professional,” but this usually requires a trading account of significant size. Nevertheless, some CySEC regulated brokers who are registered under other offshore jurisdictions can still offer the flexibility of trading with high leverage.
Scroll for more details
| Score | Broker | Max Leverage | Regulation | Min Deposit | Payment | ||
|---|---|---|---|---|---|---|---|
|
706
|
FxPro
|
1 : 10000 |
CySEC
|
$100
|
PayPal
|
||
|
773
|
JustMarkets
|
1 : 3000 |
CySEC
|
$1
|
Skrill
|
||
|
52
|
FBS
|
1 : 3000 |
CySEC
|
$5
|
Credit/debit cards
|
||
|
1
|
FXTM
|
1 : 2000 |
CySEC
|
$10
|
WebMoney
|
||
|
64
|
Exness
|
1 : 2000 |
CySEC
|
$10
|
WebMoney
|
||
|
70
|
HF Markets
|
1 : 2000 |
CySEC
|
$0
|
Crypto
|
||
|
145
|
IC Markets
|
1 : 1000 |
CySEC
|
$200
|
Crypto
|
||
|
162
|
XM
|
1 : 1000 |
CySEC
|
$5
|
WebMoney
|
||
|
489
|
FIBOGroup
|
1 : 1000 |
CySEC
|
$1
|
WebMoney
|
||
|
10
|
Tickmill
|
1 : 500 |
CySEC
|
$100
|
WebMoney
|
||
|
55
|
Orbex
|
1 : 500 |
CySEC
|
$200
|
WebMoney
|
||
|
120
|
ThinkMarkets
|
1 : 500 |
CySEC
|
$0
|
Crypto
|
||
|
249
|
FXOpen
|
1 : 500 |
CySEC
|
$1
|
Wire transfer
|
||
|
396
|
FP Markets
|
1 : 500 |
CySEC
|
$100
|
Apple Pay
|
||
|
613
|
GOMarkets
|
1 : 500 |
CySEC
|
$200
|
PayPal
|
||
|
660
|
Fxview
|
1 : 500 |
CySEC
|
$50
|
Bank Transfer
|
||
|
703
|
Octa
|
1 : 500 |
CySEC
|
$25
|
Crypto
|
||
|
717
|
FXGT
|
1 : 500 |
CySEC
|
$10
|
Wire transfer
|
||
|
723
|
Admirals
|
1 : 500 |
CySEC
|
$1
|
AstroPay
|
||
|
744
|
LiteFinance
|
1 : 500 |
CySEC
|
$50
|
WebMoney
|
||
|
7
|
Pepperstone
|
1 : 400 |
CySEC
|
$0
|
Credit/debit cards
|
||
|
11
|
eToro
|
1 : 400 |
CySEC
|
$200
|
WebMoney
|
||
|
21
|
easyMarkets
|
1 : 400 |
CySEC
|
$25
|
WebMoney
|
Why do some brokers offer extremely high leverage?
Forex brokers, especially market makers are typically aware that most newbies are inexperienced, and there's a high chance that they're going to misuse the leverage. Thus, they usually offer high leverage to attract new clients.
In other words, many market makers are using high leverage as a part of their marketing offers. They'd invite you to take a lot of risks, knowing that it's not a good move to do especially if you're starting.
Continue Reading at 5 Signs Your Broker Trades Against You
How does high leverage affect trader's psychology?
Leverage disguises the real amount of funds in our account and any changes on it. In return, it might dilute the trader's perception regarding how much money they have. Using high leverage is not forbidden, but it is not advised when the trader has lack of self discipline.
Continue Reading at Traps Hidden Under Forex Leverage And Margin
How much leverage is categorized as too high?
When a market maker offers a leverage of up to thousands and even reaches 1:2000, instead of helping you, it may plunge your trading account to a very quick loss.
Continue Reading at Forex Broker Cheats and How to Anticipate Them
What kind of power does CySEC have?
CySEC is widely recognized to have a weak ability to keep an eye on things and give out light punishments. Forex brokerage firms that CySEC usually regulates only have to pay the penalty to stay regulated. CySEC does not handle refunds, so when there's a loss or the broker goes out of business, traders would have to reach the broker on their own.
Continue Reading at A Guide to Cyprus Securities and Exchange Commission (CySEC)
