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Home » Forex Brokers » by Regulation » Regulated

Best Regulated Forex Brokers

A reputable regulation adds layers of trust and credibility to a broker and gives peace of mind to traders. Regulatory bodies like ASIC, BaFin, CySEC, CFTC, and FCA are Tier 1 regulators as they maintain high standards for fraud prevention and risk minimization for traders. Check out our list of highly regulated brokers here.

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OneRoyal
trusted
Not available in
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1
OneRoyal
0 customer reviews
Rating
4.8
/ 5
Expand
  • Copy and Social Trading
  • Very Low Minimum Deposit
  • Multi Tier-1 Regulated Broker
Pros

  • Very Low Minimum Deposit: Traders can get started with a deposit of $5. 

  • Negative Balance Protection: Traders cannot lose more funds than they have in their accounts with negative balance protection

  • Extensive Tradable Instruments: Over 2,000 tradable instruments across forex, metals, oil, indices, shares, ETFs, and crypto. 

Cons

  • Promotions Not Universally Available: Some promotions are only available in selected regions. 

  • Neteller Payment Delays: Neteller withdrawals are subject to a 7-business-day waiting period after a deposit. 

  • Separate Site for EU Natives: EU residents are redirected to a separate, EU-regulated platform.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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XM
trusted
Not available in
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2
XM
35 customer reviews
Rating
4.8
/ 5
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  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Multi-Regulated Broker: XM has multiple regulations including CySEC (Cyprus), FSC (Belize and Mauritius), FSA (Seychelles), and DFSA (Dubai).  

  • Variety of Bonuses: The broker offers an extensive range of bonuses including welcome, no-deposit, and seasonal offers that can boost capital and allow profit withdrawal.

  • Consistent High Leverage and Low Spreads: The company offers consistently low spreads and a high leverage even during volatile market conditions. 

Cons

  • Not Available in the US: XM does not accept clients from the US. For traders based in restricted regions, it is best to look for other options. 

  • Offerings May Differ Based on Location: Payment methods, trading strategies, and bonuses may vary depending on your location. 

  • Inactivity Fees: XM charges a dormant fee when your account stays dormant for consecutive 90 days. You are charged an inactivity fee of $10 per month.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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FxGlory
trusted
Not available in
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3
FxGlory
10 customer reviews
Rating
4.8
/ 5
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  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:3000
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VT Markets
trusted
Not available in
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4
VT Markets
1 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
Pros

  • Trading Accounts for Different Types of Traders: VT Markets offers STP, ECN, Cent, and Swap Free trading accounts. The company also offers a demo account for 90 days. 

  • Multi Regulated Brokerage: VT Markets has multiple reputable regulations from South Africa, Dubai, and Mauritius. 

  • Investor Protection and Trader Insurance: The company is a part of The Financial Commission and Compensation Fund and has Lloyd’s Insurance with coverage of over €20,000 and $1M respectively for client funds.

Cons

  • No Phone Support: VT Markets does not offer phone support.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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Alpari
trusted
Not available in
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5
Alpari
12 customer reviews
Rating
4.7
/ 5
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  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Competitive Spreads

  • Comprehensive Educational Resources

  • Robust Customer Support

Cons

  • Limited Deposit and Withdrawal Options

  • Occasional Platform Glitches

  • Limited Regulatory Oversight in Certain Regions

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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PU Prime
trusted
Not available in
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6
PU Prime
10 customer reviews
Rating
4.6
/ 5
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  • 24/7 Multilingual Customer Service
  • Proprietary Copy Trading App
Pros

  • Wide Range of Account Types: PU Prime provides a variety of account types designed to suit different trading styles and experience levels, from beginners to advanced traders.

  • Great Leverage: Control larger positions using minimal capital, thanks to leverage of up to 1:1000. This allows you to maximize opportunities in the market but remember, while higher leverage can enhance potential gains, it also increases risk. 

  • 24/7 Multi Channel Support: Round-the-clock assistance is provided by PU Prime through multiple channels, including live chat, email, and phone support. Services are offered in 18 languages, ensuring accessibility for a diverse range of traders.

Cons

  • Slightly Higher Spreads: For no-commission accounts, spreads starting at 1.3 pips are slightly higher than the industry average.

  • High Minimum Deposit: High minimum deposit for the low-spread and commission-based accounts

  • No EU Regulations: Despite being regulated by 4 authorities, including top-tier ASIC, the broker does not offer dedicated EU regulation for European clients.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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NordFX
trusted
Not available in
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7
NordFX
9 customer reviews
Rating
4.5
/ 5
Expand
  • MT4 & MT5 Platforms
  • Up to 1:1000 Leverage
  • From $10 Minimum Deposit
  • Trading Since 2008
Pros

  • Regulated by multiple authorities

  • Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil

  • Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web

Cons

  • Limited educational resources for beginners

  • Limited research tools

  • Limited customer support options compared to some other brokers

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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AXITrader
Not available in
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8
AXITrader
115 customer reviews
Rating
4.5
/ 5
Expand
  • 24/7 instant money withdrawal
  • Free VPS hosting
  • Specialized trading accounts
Pros

  • No obligation demo accounts with US$50,000 of virtual funds to practice with

  • 24/5 Customer support available 

  • Multilingual support in 14 languages

Cons

  • Limited trading platform options

  • Limited trading instruments

  • Only forex and CFD trading

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
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TradeQuo
trusted
Not available in
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9
TradeQuo
0 customer reviews
Rating
4.6
/ 5
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  • 24/7 Customer Support
  • Very High Leverage
Pros

  • Multiple Regulations: Multi-regulated broker with licenses from Seychelles (FSA), South Africa (FSCA), Dominica (FSU), and UAE (SCA). 

  • Extremely High Leverage and Low Trading Costs: You can trade with up to 1:1000, 1:2000, and even “limitless” on special accounts with negative balance protection available. TradeQuo offers spreads as low as zero pips on some major pairs (depending on the account type).

  • Extensive Range of Tradable Assets: The broker gives you access to 350+ tradable instruments over forex, stocks, indices, commodities, and cryptocurrencies.

Cons

  • Not Available in Certain Jurisdictions: The company does not accept clients from US, EU, UK, and Canada among others due to regulatory restrictions.

  • No Call Support: TradeQuo does not offer call support at the time of writing this review. 

  • Islamic Account Option Only Available on Request: Islamic accounts are available but not as a standard account type. They are only available upon request.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max LeverageUnlimited
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Neomarkets
trusted
Not available in
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10
Neomarkets
7 customer reviews
Rating
4.5
/ 5
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  • 24/7 instant money withdrawal
  • Affiliate Program
Pros

  • NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.

  • NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.

  • NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.

Cons

  • NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.

  • To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.

  • NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.

  • Withdrawal fee$0 (conditions apply)
  • Deposit fee$0
  • Max Leverage1:500
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Our ranking methodology and selection process

What does a regulated forex broker actually mean?

A regulated broker holds a licence from a financial authority and has to follow that authority’s rules. In practice this means keeping your money in segregated bank accounts separate from the company’s own funds, meeting capital requirements, and submitting to audits. If the broker goes under or behaves badly, a regulator gives you somewhere to turn. An unregulated broker offers none of that, so regulation is the single most important thing to check before you deposit.

Which regulators should I trust?

Not all licences carry the same weight. The strictest and most respected include the UK’s FCA, Australia’s ASIC, and the US CFTC and NFA. A tier below that you have regulators like CySEC in Cyprus and the FSCA in South Africa, which are legitimate but generally lighter touch. Offshore licences from places like Saint Vincent or the Seychelles offer little real protection. A broker that holds a top-tier licence, and ideally more than one, is a safer home for your money.

How do I check a broker is really regulated?

Don’t take the website’s word for it. Every serious regulator keeps a public register you can search. Take the licence number the broker displays, look it up on the regulator’s own site, and confirm the company name matches. Watch for a common trick where a broker holds a real licence with one entity but signs you up under a different, offshore one. The entity you actually open your account with is the one whose regulation counts.

What protections do regulated brokers give you?

The big ones are segregated client funds, so your money isn’t used to run the business, and in some regions a compensation scheme that pays out if the broker fails. Many top-tier regulators also require negative balance protection, which stops you losing more than you put in, and they cap the leverage offered to retail traders to keep risk in check. These protections are exactly what you give up when you chase a bigger bonus or higher leverage at an unregulated firm.

Is a regulated broker worth a smaller bonus or lower leverage?

Almost always, yes. Unregulated brokers dangle huge bonuses and extreme leverage precisely because they can’t compete on safety. If a broker holds your deposit under strong regulation, a modest promotion is a fair trade for knowing your funds are protected and your withdrawals will be honoured. The cheapest lesson in trading is choosing the regulated broker before you need the protection, not after.