Site icon Wiz Article

Top Brokers In Cyprus

alexanjam
Cyprus broker

Cyprus Economy

The economy can easily be called a free market economy which is based on services and manufacturing. When seen on an international level. Cyprus broker acts as a bridge between the west and the east. The workforce is considered to be educated, and the corporate costs are low. The company is also amongst the richest countries in the Mediterranean. A successful economy is dependent on a market-oriented economic system, and corporate legislation is flexible. This allows foreign investors to invest their money and companies in the country. Trading is essential for the survival of this economy, and the main trading partner of the country is the European Union.

Top brokers in Cyprus to trade with

  1. HFTrading

The Cyprus broker HFTrading has been providing excellent services in the field of online trading since 2019. It is operated by CTRL investments limited, which is regulated by FMA and ASIC both. 

The financial service provider uses the mighty MetaTrader4 as its online trading platform. Its users can begin with trading by logging into the broker’s website and getting started with the process to open an account.

Three main accounts offered by the broker are platinum, gold, and silver.

  1. Each account has a certain advantage over the other, and special focus has been made on the trader’s level of expertise.
  2. The broker also offers handsome leverage on each account. There is no commission on each trade, and the broker earns via variable spreads.
  3. HFTrading also provides its traders with the ability to trade with more than 250 CFD tradable instruments that comprise forex, shares, metals, indices, and commodities. 
  4. HFTrading walks in with a goliath range of information that a trader will need to supplement with his knowledge to make efficient trades. The shelf includes videos provided on demand, E-books, and economic calendars, to begin with.
  5. Online Trading is offered on desktop and mobile platforms too.

All the investor will need is a smartphone and a reliable internet connection.

Pros


1. The regulatory authorities include both FMA and ASIC.

  1. No commission on each trade.
  2. Online trading revolves around MetaTrader4.
  3. More than 250 asset classes available for trading

Cons: 

  1. Demands high fees to hold positions overnight.

Global TradeATF

Global TradeATF was founded in 2013 and came under Bayline Trading Ltd. The authorization and regulation are provided by the IFSC (International Financial Services Commission) of Belize. Global TradeATF is also the digital sponsor of Argentina’s national team. At the same time, it is also a leading broker.

Global TardeATF offers commission-free trades on more than 250 CFD tradable instruments like indices, stocks, forex, etc. 

Trading will begin after the user takes access to one of the broker’s three main accounts: Silver, platinum, and gold. The broker also offers demo trade.

Global tradeATF also has its own trading platform that executes trading. The trading platform has distinct features that include single-click trading, multiple order variations, and many more. The broker also offers the choice to its users to trade through MetaTrader4 and the application version of the same that are available on iOS and Android.

The financial service provider continues to give an excellent trading course-related database, tutorials, E-books, etc.

Global trade ATF customer support ranges from help-on-call to tech support and lives chat every Monday to Friday from 12:00 to 02:00 GMT.

Pros

  1. Commission-free trading.
  2. Wide variety of tradable classes ready to trade.
  3. Diversified range of educational resources.
  4. A flexible trading platform can be easily accessed via desktop or mobile.

Cons

  1. Very high swap fees.

ETFinance

Since the broker first surfaced in 2018, ETfinance has been making huge noises in the stock market.

The Cyprus broker walks in with Magnum FX’s brand name, which is registered with the Cyprus Securities and Exchange Commission (the “CySEC”).

ETFinance offers various tradable markets, including Indices, stock, commodities etc. The platform offered by the broker is the mighty MetaTrader4, and trading can be done through its application variants available on iOS and android. 

The financial service provider works towards improving the experience of novice traders, backing itself with an impressive library supported by a customer support team available five days a week, 24 hours a day.

Pros

  1. Commission-free Trading
  2. The enormous range of tradable assets.
  3. Impressive range of Video libraries. 

Cons


Ctrader not supported.

T1Markets:

The Cyprus broker T1markets is subjected to GCB(General Capital Brokers), which has been consistently proving itself in terms of its job and has a reputation amongst its customers. The broker mainly works around the CFD market and offers services to its customers that sound out of reach to its competitors with the commission charged that spells zero. T1Markets is regulated by CySEC, making it an authentic firm.

The broker offers more than 300 tradable assets and, the maximum leverages reach up to1:500. Customer support offers help 24 hours a day and five days a week. The customer can choose from over 1000 markets offered with 0.3 pips as the minimum spread.

The offered leverage and the tradable assets are different for each account offered by the broker. 

The user can choose from three main accounts, namely, silver, platinum, and gold. Apart from these three, one more account is offered by the broker called the professional trading account. Any experienced trader can use the services offered in this account, such as a personal accounts manager and an increased trading volume.

Pros:

  1. Tradable assets are more than 300.
  2. MetaTrader4 oriented trading, which a laptop or a smartphone can further access.

Cons:

  1. Charges high fees for an overnight swap.

InvestLite:

A brand name of Bayline trading, InvstLite, is regulated and authorised by IFSC(international financial service commission) of Belize. The financial service provider offers trading on more than 300 tradable instruments that cover crypto, Indices, forex, commodities, and stocks. The three main accounts offered by the broker are Silver, platinum and gold. The leverage offered reaches a level of 1:500 in some cases. Since it is an online broker, most of the trading is commenced on the mighty MetaTrader4, which also offers to trade on its desktop and mobile counterparts. The broker gives access to trader research and educational material via daily news blogs, on-demand videos, and trading blogs. The customer support extends its services from Monday to Friday from 4 AM to 2 PM. 

Pros:

  1. More than 350 tradable assets available. 
  2. The trading is commission-free.
  3. High leverage accessible. 
  4. Trading through metatrader4 available. 

Cons: 

Asks for very high swap fees.

Frequently asked questions:

Can a broker be a scam?

Of course. Any broker can turn out to be a scam at any point in your trading experience. For the proper and unbiased reviews number of traders,

Can I lose money in trading?

Yes. At a point in time, you will definitely lose some money. But that should not put your heart down. Things like that happens a lot in the market, and you will most probably make up for it in the next few trading days.

Are you looking for a broker that can help you with your trading, and are you on a watch for scam brokers?

Look no further because we present you with the leading online broker ETFinance.

Conclusion

The top financial Cyprus broker service provider offers many tradable assets that include indices, stocks, commodities, etc. ETFinance offers trading on the globally recognized MetaTrader 4 and offers further trading options for iOS and Android. ETFinance works towards a seamless trading experience for its novice traders. It plans to do so by backing up with an impressive library and engaging a support team that works for fice days a week and twenty-four hours a day.

Exit mobile version