Cyprus is one of the countries in the European Union that continues to attract stock brokers globally. Before you get started trading stocks in Cyprus, make sure you choose the best stock broker and platform for your trading requirements. This will not only give you a better opportunity to earn profits, but it will also make you enjoy your trading experience.
This guide will help you get started. The stock brokers we recommend below have all been approved to accept Cypriot clients by the Cyprus Securities and Exchange Commission (CySEC). We have also tested them and are convinced that they are in the most dominant positions in Cyprus.
In This Guide
Our Top Stock Brokers & Platforms In Cyprus:
- One of the Best CFD Stock Trading Platforms in Cyprus: Plus500
- The Best Online Broker For Stock Trading in Cyprus: IG Markets
- The Best Share and Stock Trading Platform in Cyprus: Revolut
- The Best Free Stock Broker in Cyprus: CMC Markets
- The Best Stock Trading Platform for Active Traders in Cyprus: AvaTrade
One of the Best CFD Stock Trading Platforms in Cyprus
When you trade with Plus500's app, you will be using the highest-ranked trading app for both Android and iOS.
You will also gain access to some of the world's best mobile trading features and a great selection of asset classes.
✔ Easy to use mobile software
✔ Competitive spread
✔ Top rated in both app stores
✔ Limited monthly transactions
✔ Only 2,200 CFD assets on offer
✔ Easy to use mobile software
✔ Competitive spread
✔ Top rated in both app stores
✗ Limited monthly transactions
✗ Only 2,200 CFD assets on offer
Fees: Overnight Funding, Currency Conversion Fee and Inactivity fee (read more about Plus500 fees here)
Demo Account: Yes
Min Deposit: £100
CFD Assets: 2,000+
License: FCA, CySEC, ASIC, FSCA, MAS
If you are looking for a stock broker in Cyprus offering access to the major global markets like the US, the UK, and more for stock CFD trading, Then Plus500 is your best choice.
More than 2,000 tradable CFD instruments are available on Plus500. The platform is easy to use and is secured with two-step authentication. You will also have adequate research tools such as stop limit and stop-loss orders for managing your trading activities. Additionally, there are also enough educational resources for improved performance.
Trading stock CFD on Plus500 is free of charge. However, the broker benefits from spreads, so expect this as a fee for trading. There is also a minimum deposit of $100 which also does not require deposit fees. This, among other factors, makes Plus500 an excellent option for CFD trading in Cyprus.
Which is The Best Online Broker For Stock Trading in Cyprus?
IG Markets is one of the oldest and biggest online brokers in the world.
This UK-based broker has been offering trading opportunities since the early 1970s.
Still to this day, IG Markets keeps trail blazing the industry and setting the standard for all other online brokers.
✔ Real stock trading of the exchanges
✔ Huge selection of international stocks.
✔ High minimum deposit.
✔ Commission on spread betting and CFD stock trading.
✔ Real stock trading of the exchanges
✔ Huge selection of international stocks.
✗ High minimum deposit.
✗ Commission on spread betting and CFD stock trading.
Fees: Low spread & commission.
Demo Account: Yes
Min Deposit: £300
Deposit Options: Visa, Mastercard, PayPal, Bank Transfer
Assets: 10,000+
License: FCA, ASIC, CFTC, MAS
First of all, IG Markets is a pioneer broker that started accepting clients in 1974. Being in the industry for more than forty decades, it has become a safe haven for many traders in Cyprus, and globally. It is also known as one of the largest brokerage firms with more than 17,000 stock CFD instruments to trade with.
Trading stocks on IG Markets can be interesting if you are backed up with the requisite skills. You can also take advantage of plenty of research tools like interactive charts, trading ideas, and news feed for your strategy. For beginners, there are also a variety of educational materials ranging from live online courses to general learning videos to improve your overall trading skills.
Ultimately, IG Markets charges high stock trading fees. Therefore, before diving straight in, it is highly recommended that you confirm if its charges are something that you can afford. Also, never ignore the demo accounts because it is with these accounts that you will understand how it works better without risking your hard-earned money.
Which is The Best Share and Stock Trading Platform in Cyprus?
Revolut is effectively changing the way we handle money, transactions, and investments on a global scale.
Their services are only offered through a mobile app that allows you to open bank accounts as well as invest in stocks, cryptocurrencies & commodities.
✔ Commission-free stock trading
✔ Fractional stocks for as low as £1
✔ Virtual bank account
✔ Not great for short-term trading
✔ No investment demo account
✔ Problems with the automated account-suspension
✔ Commission-free stock trading
✔ Fractional stocks for as low as £1
✔ Virtual bank account
✗ Not great for short-term trading
✗ No investment demo account
✗ Problems with the automated account-suspension
Fees: 0% commission stock trading
Demo Account: No
Assets: 850 stocks.
License: European Central Bank (UK banking license is pending).
Revolut is one of Cyprus’s best brokers for share and stock trading because it allows access to more than 750 global share markets to invest in. It also gives you an option to trade on fractional shares, which is not common among other stock brokers in Cyprus.
Stock trading is free on Revolut. The broker limits the free stock trades to your monthly plan. It also has no deposit and withdrawal fees unless you transact more than what’s in your allowance. On top of it, you will also not need to worry about the minimum deposit requirement.
Cyprus traders will need to stay updated with the latest market trends on stocks and shares to make the right moves. Revolut supports you with a News feed and real-time market graphs to keep you informed at all times.
Although it has no demo account and web trading platform, you can still install it on your mobile device and keep track of your trades anywhere. It’s primarily recommended to active traders.
Which is The Best Free Stock Broker in Cyprus?
CMC Markets is a global trading service based in the UK but with customers and offices all around the globe.
A combination of great trading tools, tons of assets, and long experience in the industry make CMC Markets an excellent choice for most traders.
✔ Huge selection of assets
✔ Well-established broker
✔ Top-notch trading platform
✔ Complicated registration
✔ High spread on stocks
✔ Fees on many transactions
✔ Huge selection of assets
✔ Well-established broker
✔ Top-notch trading platform
✗ Complicated registration
✗ High spread on stocks
✗ Fees on many transactions
Fees: 0 commission on FX and CFDs
Demo Account: Yes
Min Deposit: Zero
Assets: 10,000+
License: CySEC, FCA, ASIC
Let’s first be apparent. No stock broker in Cyprus offers completely free services. You will find brokers like CMC Markets have no commissions on stock trading and zero minimum deposit requirement. However, such brokers charge spreads, and for CMC Markets, these charges range among the lowest in the industry, thereby saving you a lot of money.
Whether you want to trade ordinary stocks or CFDs, CMC Markets has access to more than 9,400 global stock markets. Making deposits and withdrawals are also free of charge. Therefore, to start investing in the stock markets using this broker, simply figure out any amount you can afford, and you are good to go.
CMC Markets has one of the most advanced and modern trading platforms that are also highly customisable. You will also benefit from its trading tools, including powerful charting tools, which you can opt to automate your trading activities. There are also stop-loss orders for risk management functions.
Ultimately, being a free stock broker, CMC Markets is best for low-budget traders and newbies who do not want to take a significant risk without being familiar with the trading moves. We advise you to use the plenty of educational materials it offers, including demo accounts, and learn quickly how it works.
Which is The Best Stock Trading Platform for Active Traders in Cyprus?
AvaTrade represents the top tier of online brokers.
With a combination of their own software and third-party platforms, you'll gain access to some of the best trading services and features.
✔ Easily integrated trading robots
✔ Commission-free trading
✔ A limited selection of assets
✔ Rather high spread on certain assets
✔ Easily integrated trading robots
✔ Commission-free trading
✗ A limited selection of assets
✗ Rather high spread on certain assets
Fees: 0% commission but spread on each trade
Demo Account: Yes
Min Deposit: £100
Deposit Options: Debit & Credit Cards, Skrill, Neteller, Webmoney
Assets: 1,000 assets
License: Central Bank of Ireland, ASIC, FSCA, FSA
Active traders like day traders and scalpers need a trading platform like AvaTrade that guarantees the best performance. It’s a no-brainer that time is essential for active traders, and so any second you lose could put the whole trading activity in jeopardy.
AvaTrade is known to be one of the platforms for stock trading that executes trades fast and seamlessly. This is because of its advanced and modern design features. It is very user-friendly, and beginners will enjoy their first experience with AvaTrade. Additionally, this stock broker has different types of trading accounts to cater to every user. Rest assured of the best experience in either of the accounts that suit your experience.
We all know that active traders open and close multiple trades daily. That is why they need a stock broker with low trading fees. AvaTrade does not charge commissions on stock trading. Making deposits and withdrawals are also free of charge, allowing you to trade in the stock markets as many times as you possibly can daily. However, you will pay spreads, and it has a minimum deposit of $100.
How To Choose The Best Stock Broker in Cyprus
If you are a newbie trader in Cyprus having challenges choosing the right stock broker that complements your trading needs, then you are not alone. Many novice traders globally experience the same challenges, which end up affecting their overall trading experience.
Do not agonise, though, because we are here to help you in that area. If you are reading this, you must also know that choosing the best stock broker in Cyprus goes a long way in increasing your chances of executing successful trades. With that being said, below are the significant elements that we advise you to look for when choosing a stock broker in Cyprus.
Licenses/Regulations
You must choose a stock broker that adheres to the conditions of the Cyprus Securities and Exchange Commission (CySEC). This is because it not only makes you trade in accordance with the law, but you are also guaranteed the security of your stock trading funds.
Note that there are many fake brokers in Cyprus, and if you are not keen, you may end up in the hands of fraudsters. CySEC regulates all our recommended stock brokers, so we advise you to consider them first.
Market offerings
Before you decide to start trading stocks in Cyprus, you probably know the markets you wish to invest in. Not all of our recommended stock brokers have the same offerings. That is why you need to confirm first. You do not want to end up choosing a stock broker with limited offerings.
Stock trading platform
Trading platforms play a vital role in the success of your trades. If it does not execute trades fast, then you know how huge this may affect your activities. The platform should also be user-friendly and customisable, especially for beginners.
It is best to have a trading platform that supports your activities with research and educational tools. At least this shows that as much as they are in business to make profits, they also consider your interests.
Commissions/Fees
Every investment requires a budget, and so does stock trading. You should never choose a stock broker randomly simply because a friend or relative recommends it. Check their trading charges and see if you can afford them. That way, you wouldn’t have to worry about funds but be utterly focused on managing your trades.
Customer service
When you encounter any trading issues on a stock broker’s platform, you will require customer service at your disposal. Imagine what will happen in case you choose a stock broker with no reliable or responsive customer service. Your trading activities will probably be affected hence affecting your opportunity to earn good cash.
Demo accounts
We have seen many traders wanting to test a broker before getting started on their platform. No one wishes to risk their hard-earned money without knowing what they are getting into. That is why you need to take advantage of demo accounts before fully committing to a broker. These accounts are versions of live ones, and they will help you have a better understanding of a broker before taking a plunge.
Stock Trading in Cyprus: Guide for Beginners
Cyprus is one of the global countries that continue to benefit significantly from stock trading. With Cyprus Securities and Exchange Commission (CySEC) as the central regulatory authority, the Island has and continues to attract many brokerage firms.
Stock trading in Cyprus is beneficial in many ways. Not only is the country one of the European Union members, but it is also approved by the Markets in Financial Instruments Directive (MiFID), making CySEC its subsidiary body. This means that any broker regulated by CySEC is also eligible to extend its services to one of the EU’s countries. Additionally, many brokers are attracted to the country because of its low tax rates.
The best thing about trading in Cyprus is that you are under the protection of the European Union. However, you still need to be keen when choosing a stock broker because the European Union will only protect your interest under a broker that CySEC regulates.
Also, you need to be knowledgeable, strategic, and follow the above guidelines in selecting the best stock brokers. With all this in place, you will see that every move you make will be a step toward becoming a successful Cypriot investor.
FAQs
Does Cyprus have a stock market?
Yes. Cyprus Stock Exchange is the primary stock market in Cyprus, and it is highly regulated.
Can I begin investing in stocks?
Yes. With suitable stock brokers like the ones we recommend above, you can invest in local and international stock markets.
Do you need a broker to buy stocks in Cyprus?
Yes. The easiest way to buy stocks in Cyprus is through a stock broker like the ones above. Make sure that CySEC regulates the broker to avoid encounters with the law.
Which is better, forex or stocks?
Every Cypriot trader has their interest in the trading market, and therefore we can’t specify if the former is better than the latter and vice versa. Both forex and stocks are risky forms of investments, and traders should choose depending on their interests and capabilities.
How do you become a stock trader in Cyprus?
It is easy to become a stock trader in Cyprus if you dedicate yourself to learning stock trading. Choose a suitable broker for you and sign up for a demo account. Use the available tools and resources to learn how stock trading works. Once you are sure of your moves, you can then open a live trading account and have a shot at making real money.
Is stock trading legal in Cyprus?
Absolutely. You are legally allowed to trade stocks in Cyprus if only you are using a stock broker that is regulated by Cyprus Securities and Exchange Commission (CySEC).
Conclusion
The best Cyprus stock brokers will get you started with your trading venture. Should you choose any of our recommended ones, we advise you to test them first using demo accounts and confirm if they match your stock trading needs. Also, take advantage of the trading tools a broker offers, and you will see that everything will start falling in place.
Note: Feel free to reach out to us through the message box below if you have any questions or comments regarding this guide or any other information on our website. We will make sure to respond as soon as we possibly can.
Our Author:
Adam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.
Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.
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