Whether you decide to trade with regulated broker or take changes with unregulated entity, it is important to know your options and possible consequences in both cases. Making educated decision is a necessity and part of economic security of your funds with a specific broker from the first time you make a deposit until the moment you want to withdraw the money. Without regulation, you risk an exposure to scam and fraud. It is up to you to take this type of risk and whether it is worth it.

In short and simple wording, the top regulatory bodies are as follows:

US - National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)

Europe - Financial Services Authority (FSA UK) and Cyprus Securities and Exchange Commission (CySEC)

You can find other trading related regulations and information over the internet without much trouble. The information is openly available and you can catch up with the latest updates and rules.

So when you are deciding on a broker, it is wise to check out what is their regulation and requirement in terms of security of your funds and personal information. Brokers with more than one supervisory body are overall considered to be much more reliable than brokers with just one. Another factor is which regulatory authority is responsible for the selected broker - some are more strict than others.

Forex Explore have collected the top licensed Forex brokers you can choose from with most reliable broker features and trading conditions. 

Best Regulated Forex Brokers 2018

   

Regulated BrokerRatingDemoLeverageBonusPlatformsRegulationMin DepositPayments
OctaFX9yes1:500up to 50%MetaTrader 4, Metatrader 5, cTraderFCA UK5Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay
Freshforex9yes1:1000SIGN-UP BONUS ¢100!Metatrader 4KROUFR1Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer
InstaForex 8yes1:1,000$100 No Deposit BonusMetaTrader 4, Metatrader 5, WebtraderRAFMM1Bitcoin, CashU, credit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, wire transfer
FBS8yesup to 1:3,000$123 Welcome BonusMetaTrader 4, Metatrader 5, WebtradingIFSC; Cysec1credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill
eToro 7yes1:500-eToro PlatformCySec, NFA50Credit Cards, Debit Cards, Paypal, Neteller, Skrill, Webmoney, Wire Transfer
AvaTrade 7yes1:400100% AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptionsCentral Bank of Ireland, ASIC, Financial Services Commission of British Virgin Island100Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney
XM7yes1:888$30 no depositMetaTrader 4, Metatrader 5, XM WebtraderCySEC, FCA UK, ASIC Australia, IFSC Belize5Credit Card (Visa, Visa Electron, MasterCard, Switch, and Solo), Neteller, Skrill, Wire Transfer, Western Union, MoneyGram, WebMoney, China UnionPay, Local Bank Transfer, SOFORT, iDEAL, paysafe card, QIWI, CASHU, ABAOOS, MONETA, giro pay,Przelewy24,l Astro Pay Card, FasaPay
FP Markets7yes1:50010% credit bonusMetaTrader 4 (MT4), IRESS, Mobile tradingASIC200credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer
ForexMart7yes1:1,000$150 no deposit neededMetatrader 4CySEC1credit cards, neteller, skrill, paypal, paxum
LiteForex 6yes1:50030% + 15%Metatrader 4, Metatrader 5, WebTerminalCySEC, Marshal Islands Business Corporation Act.10credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
FxPro5yes1:500up to $1,000FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium FCA, CySEC100Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill
FXCM5yes1:200-Trading Station II, MetaTrader 4, Active Trader, Forex System Selector UK Financial Conduct Authority, AFSL 250Credit/Debit card, Online Check, Bank Wire, Paper Check
Plus5005yes1:20030%Plus500Israel Securities Authority500Skrill, Credit Cards, Wire Transfer
IronFX5yes1:50040%Metatrader 4ASIC, CySEC, DFSA, FCA UK, FSB, UCRFIN, CRFIN, Member of Eurex Exchange, Consob, BaFIN100credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer
Pepperstone5yes1:500100% Match BonusMetatrader 4, Metatrader 5, cTrader, cAlgo, cMirrorASIC, FCA UK200bPay, credit cards, Paypal
Forex.com4yes1:200-ForexTrader platform (in-house), MetaTrader 4CFTC, NFA, FCA (UK), ASIC (Australia), ILLROC (Canada), SFC (Hong Kong), FFAJ (Japan)50wire transfer, Credit/Debit Card, Check
HYCM4yes1:40025% up to $5,000Metatrader 4FCA UK, CySEC, SFC100credit cards, wire transfer, Skrill, webmoney
AdvancedMarkets4yes1:50-Advanced Trader/Pro/Prime, Fortex FX Australian AFSL, ASIC500Wire, Check
CMTrading4yes1:40015% matchMetaTrader 4, SirixFinancial Services Board (FSB) South Africa200credit/debit cards, Wire transfer, CashU ,Skrill
Blueberry Markets4yes1:500MetaTrader 4ASIC100credit cards, wire transfer, POLi, Skrill
Priorfx4yes1:200Metatrader 4, Webtrader, AutotradeCySEC, FCA UK, MiFID250wire transfer, credit cards, Skrill, Neteller, PriorFX prepaid card, Yandex, Webmoney, Qiwi, UnionPay
FXDD3yes1:200-MetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtremeMalta Financial Services Authority (MFSA)100Wire, PayPal, Check, BPS
Tallinex3yes1:1,000Metatrader 4FSA of St. Vincent and The Grenadines100credit cards, wire transfer, Skrill, Neteller
Oanda3yes1:50Metatrader 4, FXtradeNFA1check, Credit cards, PayPal, Wire transfer
iFOREX3yes1:400-FXnet TraderHFSA in Hungary, CySEC100credit cards, wire transfer
DFMarkets3yes1:20010% Trading Credit Promotion up to $1,000DFTrader, DF WebTrader, DF MobileFCA100Bank wire, Credit/Debit cards
Tickmill3yes1:500-MetaTrader 4, WebtraderFCA UK, FSA Seychelles25wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney
TenkoFX3yes1:500MetaTrader 4, WebtraderInternational Financial Services Commission of Belize10Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi
Z.com Trade3yes1:200 Z.com trader web, Z.com trader pro (demo account only)FCA UK1credit cards, wire transfer, china unionpay, skrill
Saxo Bank2yes1:100n/aSaxoTraderDanish Financial Services Authority and operates in the UAE5000Wire
AAAfx2yes1:200up to 30%ZTP, MetaTrader 4, Binary options webtrader, ZulutradeHCMC (Greece)300Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi
XTB2yes1:200Metatrader 4, xStation, xMobileCNMV (Spain), FCA (UK), FSA (Poland)250Credit cards, Neteller, Paypal, Skrill, Wire transfer
EasyMarkets2yes1:100Metatrader 4, EasyMarkets web-based platformASIC (Australia), CySEC (Cyprus)100credit cards, neteller, Skrill, Webmney, wire transfer
CityIndex2yes1:400-MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet AppTrademark of GAIN Capital UK Ltd - Regulated by FCA100Credit/Debit Cards
Tifia1yes1:1,000Metatrader 4, webtraderVanuatu Financial Services Commission VFSC10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
FXOpen1yes1:500$100MetaTrader 4ASIC, FCA UK, Financial Dispute Resolution Scheme1Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney
House of Borse1yes1:100MetaTrader 4FCA UK50000credit cards, wire transfer
Igofx1yes1:1,000Metatrader 4Republic of Vanuatu Finance Service Commission1wire transfer, credit cards, perfect money
Vipro Markets1yes1:500MetaTrader 4 CySEC25credit cards, Neteller, Skrill, Wire transfer
Fort Financial Services1yes1:1,000MetaTrader 4, CQG, Ninja trader, binary optionsIFSC5Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer
Formax Prime Capital1yes1:200MetaTrader 4FCA UK1000Skrill, Credit cards, Wire transfer, Neteller
TraderTrust1yes1:200100% upto $5,000SmartForexCySec, VFCS100Skrill, Credit Cards
MEX Exchange1yes1:500Metatrader 4ASIC25Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer
Tegasfx1yes1:200Metatrader 4IBC200wire transfer, Neteller, Credit Cards
Forexer1yes1:500Forexer platform (Metatrader 5 version)FMA200wire transfer
CMS Forex1yes1:50VT Trader, MetaTrader 4FCA250Credit/Debit Cards, Wire Transfer
Synergy FX1yes1:500MetaTrader 4ASIC, AFSL500credit cards, skrill, wire transfer
FCI Markets1yes1:100Currenex, FCI NetStation, MetaTrader 4FCA250credit cards, neteller, skrill, wire transfer
Fortrade1yes1:200FortraderFCA500wire transfer, credit cards, skrill, neteller
FXGiants1yes1:500MetaTrader 4FCA500credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer
FXGlobe1yes1:500MetaTrader 4CySEC250Credit cards, Neteller, Skrill, Wire transfer
FXlider1yes1:200MetaTrader 4, Sirix, ZuluTrade, FXlider mobile, FXlider Copy Trader, FXlider TraderFCA100wire transfer, credit cards, neteller, skrill
FXoro1yes1:400Metatrader 4CySEC200credit cards, wire transfer, skrill, neteller, ecoPayz, CashU
FXprimus1yes1:500Metatrader 4Cysec100Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer
Infinox1yes1:300Metatrader 4FCA UK100credit cards, wire transfer, skrill, neteller, china unionpay
Itrader1yes1:500MetaTrader 4, Webtrader (in-house), MobileCySEC250wire transfer, credit cards
JCMFX1yes1:1,000MetaTrader 4FSA10credit cards, FasaPay, Wire Transfer, Neteller, Skrill
Larson&Holz1yes1:500Metatrader 4, Web TraderFMRRC, NAFD100credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money
LCG1yes1:500MetaTrader 4, LCG Trader (web-based, ECN accounts only)FCA UK1wire transfer, debit/credit cards, Skrill
Mahi FX1yes1:100Metatrader 4, MahiFXFCA UK, ASIC, FMA1wire transfer, credit cards
Pricemarkets1yes1:400MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FXFCA UK500wire transfer, credit cards
Rallytade1yes1;1,000Metatrader 4, xStation (web-based), xSocial, xOptionsFinaCOM100credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay
Range Markets 1yes1:500Metatrader 4FSA of St. Vincent and the Grenadines100Neteller, Credit Cards, wire transfer
Rekuten Securities1yes1:50MarketSpeed FX, Trading Station (inherited from FXCM)SFC1wire transfer, checks, ATM (only for local residents)
Roboforex1yes1:500MetaTrader 4, cTraderCysec, IFSC, FSP, FSCL1credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money
Templefx1yes1:400MetaTrader 4, TempleFX Trader (web-based)FCA UK50Wire transfer, credit cards, Skrill, Sofort, Neteller, UnionPay
Tradeo1yescredit cards, wire transfer, Skrill and Neteller20%Tradeo webtrader, Metatrader 4CySEC250
Trading2121yes1:200Trading212FCA UK100wire transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay
XCFD1yes1:10050% welcome bonus in-house XCFDVanuatu FSC. The broker lost its regulation from FSP New Zealand10credit cards, skrill, webmoney, giropay, unionpay, sofort, neteller, bitcoin, wire transfer
CMCMarkets0yes500:1-Next Generation web-basedFCA1Credit cards, Wire Transfer
Dukascopy0yes1:500-DukascopyKPMG ARIF250Wire, Bank Guarantee, Standby letter of Credit Segregated Accounts
AAAECN0yes1:200MetaTrader 4IFSA of St. Vincent100credit cards, wire transfe
ActivTrades0yes1:400Metatrader 4, ActivtraderFCA100Credit Card, Wire transfer, neteller, skrill, sofort
Blackwell Global0yes1:200-MetaTrader 4, Blackwell Pro, MobileFinancial Conduct Authority2000redit/debit cards, Neteller, Skrill, Wire transfer
TrioMarkets0yes1:300-MetaTrader 4, Sirix WebtraderCySEC100Credit Card, Wire, Skrill, Neteller, Paypal and CashU
Markets.com0yes1:200up to $2,000Meta Trader 4,MarketTrader, Market WebTrader, Market Java Trader, Market Mobile Trader, Market WAP Trader, Market iTrader, Market AutoTraderCySEC, FSCA South Africa 100Credit/Debit Cards, Wire Transfer, Webmoney, Local Payments
YouTradeFX0yes1:500up to $2,000Metatrader 4, WebtraderFSA100Credit Cards, Skrill, Neteller, Paypal, Wire Transfer
24FX0yes1:400MetaTrader4, Sirix WebTrader, MobileCySEC250Wire Transfer, Credit Card, Neteller, Skrill
Orbex0yes1:500MetaTrader 4CySEC500Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney
GrandCapital0yes500:1$500 no depositMetaTrader 4, WebTraderFinancial Commission FinaCom, EDR Hong Kong external dispute resolution organization10Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney
10Markets0yes1:200n/aMetaTrader 4, 10Markets WebTrader200Debit/Credit Cards, Wire Transfer
AlfaTrade0yes200:1-MetaTrader4, WebtraderAFM, BaFin, CONSOB, FCA, FI, NBS500Wire Transfer, Credit Cards, Skrill, Neteller
Squared Financial0yes300:1-MetaTrader 4, mobileCentral Bank of Ireland500wire Transfer, CashU, Credit Card, PayPal
Alvexo0yes400:1-MetaTrader 4, WebTrader, MobileCySEC5000Cash-U, Credit Card, Webmoney, Wire Transfer
NSFX0yes200:1Metatrader 4, Webtrader, NSFX Jforex platformMFSA300credit cards, Skrill, CashU and wire transfer
Juno Markets0yes1:400-MetaTrader 4FinaCom500neteller, skrill, credit cards, wire transfer
KGIeworld0yes1:50-MetaTrader 4MAS1000Wire Transfer, Check
Abshire-Smith0yes1:200Vertex fx, Metatrader 4, straticatorFCA500CashU, Neteller, Skrill, Wire Transfer
Alfa Financial0yes1:100MetaTrader 4, AX1TraderCentral Bank UAE10000yes
BlitzBrokers (IB for AxiTrader)0yes1:500MetaTrader 4FCA UK1Credit cards, Neteller, Skrill
Citypoint Trading0yes1:100MetaTrader 4, VertexFCA20credit cards, wire transfer
Darwinex0yes1:200MetaTrader 4, cTraderFCA500Bank Wire, Credit Cards, UnionPay
Eightcup0yes1:500Metatrader 4ASIC100
Elxi Markets0yes1:200MetaTrader 4FCA UK100Wire Transfer, Skrill
ETX Capital0yes1:200 ETX Trader Pro, Metatrader 4, ETX binaryFCA100credit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay
Swissmarkets0yes1:500Metatrader 4, WebtraderCySEC, MiFID200credit cards, wire transfer, neteller, skrill, iDEAL, giropay
Trade3600yes1:1,00035%, $60 no deposit for real accountTrade360CySEC100credit cards, skrill, neteller, wire transfer
AETOS0yes1:200MetaTrader 4FCA UK250Bank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY

The question is simple - why to risk it when you can trade with regulated brokers. Once this is understood, there is another factor to take under consideration. Not all regulated brokers follow the same regulatory requirements. While some regulations might be blurry and murky, others are strict to the point where you might not want to trade with the broker because of it!

With that being said, it doesn't mean you cannot find a good Forex broker with decent regulation that works for your favor. We are here to provide you with our research summary and help you finding a good broker with outstanding features and safe trading environment.

Top Brokers

What is a Forex Regulation?

Forex trading has long become a popular and most importantly widely accessible to all interested traders all over the world. This is of course a major attraction however it also caused forex markets to dwell into fraud and security issues. This is the main reason why many countries have adopted the regulation of forex trading activities. The watchful eye over online forex brokers by the regulated agencies such as UK’s Financial Conduct Authority and the National Futures Association in the U.S. keeps your trading activities secure and forex brokers at bay following set of rules and regulations under the jurisdictions. 

Why should I trade with a regulated forex broker?

It is not a must to choose regulated forex brokers, but the advantages are obvious. Regulations are there to ensure that your trading activity is not tempered with and that all parties involved are following fair and ethical business activities. By monitoring forex brokers, banks, institutional investors and support industries and keep them in a straight line with set of rules brings traders and investors peace of mind in their daily activities in forex market. 

Major Regulatory Bodies

Below is a wider list of Forex regulations listed together with their countries.  Each regulatory body may have different regulatory requirements and their area of jurisdictions. The way of handling fraud and security policies may differ from place to place. Overall it is considered that US and UK regulatory agencies are stricter than other regulatory institutions with harsh regulatory requirements for better and for worse. Anyway, below you can find main regulatory bodies and their countries:

  1. Australia: Australian Securities and Investment Commission (ASIC)
  2. Canada:
  • British Columbia Securities Commission
  • Ontario Securities Commission
  • Investment Industry Regulatory Organization of Canada (IIROC)
  1. Cyprus: Cyprus Securities Exchange Commission (CySEC)
  2. Denmark: Danish FSA
  3. France:Banque de France Autorité de Contrôle Prudentiel (ACP)
  4. Germany: Bundeszentrale für Finanzdienstleistungsaufsicht (Bafin)
  5. Hong Kong SAR: Securities and Futures Commission
  6. Indonesia: Badan Pengawas Perdagangan Berjangka Komoditi
  7. Italy: Commissione Nazionale per le Società e la Borsa
  8. Japan:
  • Financial Services Agency,
  • Japan Investor Protection Fund
  • The Financial Futures Association of Japan
  • Japan Securities Dealers Association
  • Kanto Local Finance Bureau
  1. Russia: The Commission on Regulation of Financial Markets Participants Relationships
  2. Singapore:
  • Licensed clearing member of the Singapore Exchange
  • Monetary Authority of Singapore
  1. Spain: Comisión Nacional del Mercado de Valores
  2. Sweden: Swedish Financial Supervisory Authority (Finansinspektionen)
  3. Switzerland:
  • Groupement Suisse des Conseils en Gestion Indépendants
  • Polyreg
  • Association Romande des intermediares financiers
  • Swiss Federal Department of Finance
  • Organisme d’autorégulation fondé par le GSCGI
  • Commission fédérale des banques
  • Swiss Financial Market Supervisory Authority (FINMA)
  1. Turkey: Capital Markets Board of Turkey (CMB)
  2. United Arab Emirates: Dubai Multi Commodities Centre
  3. United Kingdom: Financial Services Authority
  4. United States:
  • Financial Industry Regulatory Authority, Inc.
  • New York Stock Exchange
  • Office of the Comptroller of the Currency
  • Securities and Exchanges Commission
  • Commodities and Futures Trading Commission
  • National Futures Association 

How can regulations help me from fraud?

Regulations are responsible for protecting traders and their interests against the financial service providers such as forex brokers and require the later to act in a fair and ethical manner.

  • One of the useful and important requirement of almost all regulators is segregation of funds. Brokers must have segregated accounts for your funds separated from the personal operational funds. This saves your money from being abused in any way by the broker and in case, of example, of bankruptcy of the brokerage, the clients funds are not used in any way to assist the broker's debts.
  • One more important regulation imposed on most forex brokers is to provide truthful information regarding forex trading, meaning that it must be clear to all customers that trading is risky. 
  • Another regulation adopted by mostly US and UK brokers is the limitation of the leverage which forex brokers are allowed to offer to the clients. For example, Forex brokers in US are not allowed to provide leverage higher than 1:50.
  • There is also a certain amount of compensation sum guaranteed to the client in case broker sinks. For example CySEC provides compensation is of 20,000 EUR for deposits lost.

Summary of regulated brokers

As we previously discussed, the regulatory requirements for forex broker may differ from country to country, however, there are some main subjects that almost all regulation authorities impose on the brokers in order to maintain security of the clients:

  • Brokers must show sufficient liquidity to meet all contractual obligations.
  • Brokers must use segregated accounts for client funds.
  • Brokers must submit regular audits to verify their compliance on their capital adequacy ratio.
  • Leverage ratios are limited to logical possible number.