In the recent years, a lot of Forex Brokers has emerged in Cyprus. The main reason is that Cyprus is considered a tax-heaven country with low taxes and recent EU accession. However, it doesn't mean that Forex Brokers there could operate without any supervision. The main regulator there are the CySEC. There's more than $20,000 coverage available which's provided by the Investor Compensation Fund. The Forex Brokers also require to hold customer funds in a segregated bank accounts, which's strictly for customers' trading activities but not any other purpose. Scroll down to read more about CySEC regulated Forex Brokers.