CySEC (Cyprus)

Also called: Cyprus Securities and Exchange Commission

Cyprus Securities and Exchange Commission — EU regulator widely used by retail FX brokers passporting into Europe.

CySEC licences let firms passport their services across all EU/EEA member states under MiFID II. CySEC brokers must segregate client funds and contribute to the Investor Compensation Fund (up to €20,000 per client).

Considered Tier-1 within the EU framework, though historically with a reputation for lighter enforcement than the FCA or BaFin.