DMA Forex Brokers in Cyprus

Cyprus has for decades been a favorite destination for forex brokers in Europe. A large part of this is thanks to favorable tax rules, a reliable and transparent legal system, and its status as part of the EU-wide ESMA initiative. However, after the recent tightening of ESMA regulations concerning trading leverage, Cyprus is no longer as attractive for brokers as it once used to be.

Despite the regulatory tightening, however, there are still many brokers based in Cyprus that are offering their services all over Europe. Some of these of course also offer so-called DMA trading, otherwise known as direct market access. What this essentially means is that the broker provides traders with direct access to the interbank forex market where they can trade with other market players, instead of trading against a dealing desk.