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Trading Accounts

Account Type Minimum Deposit Minimum Trade Size Maximum Leverage Average Spreads
Standard $100 0.01 1:200 2 pips on EUR/USD, fixed provides one type of account to its clients with fixed spreads and a leverage of up to 1:200. Small portions are available for trading.

This broker also offers an Islamic account which is interest-free and respects the Islamic Sharia Laws.

The Company. Security of Funds

Online trading in a broad variety of products like Indices, CFDs on commodities, ETFs and shares is being offered by together with several currency pairs which are both on Sirix Webtrader and MetaTrader 4 which is its online Market Trader Platform. It is also an official partner of ARSENAL F.C., the popular football team and it acknowledges that it is a market maker.

Safecap Investments Limited (Safecap) which was established in 2008 and controls the brand and site is approved and supervised by the Cyprus Securities and Exchange Commission (CySEC). The South African Financial Services Board (FSB) has also granted the company a license.

Playtech PLC, a service, and gaming software supplier, which is a part of the FTSE 250 index and sold on the London Stock Exchange’s Main Market has Safecap as its subsidiary.

Binary option and forex brokers have made Cyprus their frequent destination. Cyprus Investment Firms are being given particular rules and obligations by CySEC and CySEC sees to it that they are respected. In order to show that they have a great financial standing, brokers ought to have a minimum of €730,000 and should save customer funds in separate accounts, away from the operating funds of the company.

The Investor Compensation Fund is sort of an umbrella to all companies regulated by CySEC and clients’ funds are guaranteed because the Investor Compensation Fund pays out compensation close to 20,000 EUR in case the company is delinquent.

Also, all investment companies regulated by CySEC are compliant to MiFID and are authorized to provide services across borders within the EU.


Even though licensed brokers’ clients are given some sort of guarantee with these regulations, there is no full assurance that all of these companies operations go on smoothly. In July 2015, the Regulated Markets and Investment Services and Activities Law was violated by Safecap and CySEC fined them €168.000. Our team also discovered several complaints in well-known forex sites posed against You should, therefore, be wise if you are keen on investing with this broker. Review

Trading Conditions


Minimum Initial Deposit

Traders ought to invest at least $100 in case they want to start up an account with This initial amount is just average, but a popular broker FXTM based in Cyprus needs only $5 as a start from its clients.

Spreads & Commissions

The broker gives only fixed spreads, which amounts to 2 pips for the EUR/USD pair, and which is the market average. gets its payment from the spread and doesn’t charge fees as several fixed spread brokers.

In contrast, on FXTM’s Standard accounts free of commissions, it offers fixed spreads of 1.5 pips on EUR. For more information, you can search for real-time spreads of the 15 outstanding brokers.

Leverage offers a maximum leverage of 1:200 and this is average. In case you require higher leverage levels, there are several Cyprus-based brokers who offer them – for instance, the leverage offered by FXTM is equal to 1:1000. There is a list of brokers who offer leverage which is up to or above 1:500 which you can check out here.

However, you should be mindful of the fact that there are greater chances of losses with a higher leverage, which could surpass the basic investment.

Trading Platforms

Clients of are offered Markets Trader and web-based Sirix platforms. MetaTrader 4 (MT4) which happens to be the most famous trading platform is not supported by it any longer.

For traders who are after some variety, the web Markets Trader is an alternative which is easy to use but not as developed as the MT4 platform. By the way, iOS and Android mobile devices fully support Markets Web Trader.

Sirix Web trader is also a different option for’s clients. Apart from its perceptive charts and graphs and its easy-to-use trading environment, it has a Social Trading option as well.


A no deposit bonus of $25 is offered by Bear in mind that supposing you want to withdraw profit made from these type of bonuses, that broker’s clients ought to implement a $10,000 minimum trading volume for each dollar donated to their account by the company (e.g. in case a client is given a bonus of $100, he or she must have a $1,000,000 minimum trading volume for a period of 90 days).

The brokerage also provides a referral bonus, which will depend on the initial amount deposited by the referred person.

Methods of Payment

The following methods of payment are supported by bank wire transfer, Skrill which is an e-wallet payment system and credit/debit cards.


Conclusion is a market maker and CFD and Cypriot FX broker who provides trading services online on two trading platforms but it doesn’t support MT4.


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