ECN Forex Brokers in Cyprus

Cyprus has traditionally been home to many forex & CFD brokers, including many ECN (electronic communication network) brokers. Although this is still the case today, new regulations introduced by the European Securities and Markets Authority (ESMA) means that leverage and other trading conditions are now strictly regulated in both Cyprus and the rest of Europe.

ECN brokers in Cyprus are popular among professional traders for the low spreads they offer on their trading instruments. Since these traders trade with large volume, they are usually better off paying commission fees on their trades instead of a wide spread. Some of these traders also favor ECN brokers over brokers that match orders themselves because the ECN model lowers the risk of potential conflicts of interest between traders and brokers.