Regulated Brokers

  Author: Eduardo Montero - Updated: 5 January, 2023 No Comments

Broker	Features
Featured Go to XTB	Excellent 24-hour customer service. More than 3000 instruments to trade. Regulated broker. OPEN ACCOUNT (*) Warning: Your capital is at risk. 80% of retail CFD accounts lose money. XTB is a broker regulated by the FCA in the UK, by the CNMV in Spain, by the IFSC in Belize, among others. Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: xStation5, iOS App, Android App. Execution: Market Maker / STP Regulation: FCA, CNMV and IFSC Web Page: https:/www.xtb.com
Featured Go to Pepperstone	Very low spreads on over 1,200 instruments. 24/7 support, fast execution and no requotes. OPEN ACCOUNT (*) Warning: Between 74-89 % of retail investor accounts lose money when trading CFDs. Pepperstone is regulated internationally by supervisors such as the UK FCA, Australian ASIC, CySEC, BaFin, DFSA, CMA and SCB. Demo Account: Yes Minimum Deposit: 200 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView. Execution: STP / NDD Regulation: FCA, ASIC, CySEC, BaFin, DFSA, CMA and SCB Web Page: https://www.pepperstone.com
Featured Go to eToro	Buy stocks without commission. Automatically copy the best investors with the eToro CopyTrader tool. OPEN ACCOUNT (*) Warning: 78% of retail CFD accounts lose money. eToro is authorised and regulated by the UK FCA, Cyprus CySEC and Australian ASIC. Demo Account: Yes, unlimited Minimum Deposit: 200 $ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC and ASIC Web Page: https://www.etoro.com
Go to XM Group	Bonus of $30 without deposit and bonuses of up to $5,000 per deposit. Trade Forex with ultra-low spreads. OPEN ACCOUNT (*) Clients registered with XM Group's EU-regulated entity do not have access to the bonds. XM broker offers its services under the regulation of CySEC in Europe, the FSC in Belize and the Australian ASIC. Demo Account: Yes, unlimited Minimum Deposit: 5 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker Regulation: CySEC, FSC and ASIC Web Page: https://www.xm.com
Go to IC Markets	True ECN account with ultra-low spreads and ultra-fast execution designed for scalping and automated trading systems. OPEN ACCOUNT IC Markets is an Australian based broker regulated by ASIC, CySEC in Europe and the Seychelles FSA. Demo Account: Yes Minimum Deposit: 200 $ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: ECN Regulation: ASIC, CySEC and FSA Web Page: https://www.icmarkets.com
Go to AvaTrade	One of the most regulated brokers worldwide (in 9 different jurisdictions). OPEN ACCOUNT AvaTrade is regulated by several international supervisors such as the Central Bank of Ireland, ASIC, BVI, FSCA and FSA. Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, MetaTrader 4, MetaTrader 5, iOS App, Android App. Execution: Market Maker Regulation: Central Bank of Ireland, ASIC, BVI, FSCA and FSA Web Page: www.avatrade.com
CFD Service Go to Plus500	Broker with more than 23 million registered customers since its inception and a Trust Pilot Score of 4.2 out of 5. OPEN ACCOUNT (*) Warning: 86% of retail CFD accounts lose money. Plus500 is regulated by the UK FCA, Cyprus CySEC, Australian ASIC, South African FSCA, United Arab Emirates DFSA and Seychelles FSA. Demo Account: Yes, unlimited Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC, ASIC, FSCA, DFSA and FSA Web Page: https://www.plus500.com
Go to IQ Option	$1 minimum investment. Powerful and intuitive trading platform. Fast withdrawals. OPEN ACCOUNT (*) Warning: Your capital might be at risk. IQ Option offers its services under the regulation of the European CySEC (Cyprus Securities and Exchange Commission). Demo Account: Yes, unlimited Minimum Deposit: 50 €/$ Trading Platforms: Proprietary Platform, iOS App, Android App. Execution: Market Maker Regulation: CySEC Web Page: https://www.iqoption.com
Go to Exness	Low spreads as low as 0.0 pips. No swaps on most instruments. Instant withdrawals. OPEN ACCOUNT Exness is regulated by supervisors around the world such as the FCA, CySEC, FSCA, FSC, CBCS, FSA and SDL. Demo Account: Yes Minimum Deposit: 10 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker / ECN Regulation: FCA, CySEC, FSCA, FSC, CBCS, FSA and SDL Web Page: https://www.exness.com
Go to Eightcap	OPEN ACCOUNT Eightcap is an online broker that is regulated by the Australian ASIC and the Bahamas SCB. Demo Account: Yes Minimum Deposit: 100 $ Trading Platforms: MetaTrader 4, MetaTrader 5, TradingView. Execution: STP / ECN Regulation: ASIC and SCB Web Page: https://www.eightcap.com
Go to Axi	OPEN ACCOUNT Axi broker is authorised by the UK FCA (Financial Conduct Authority), ASIC, FSA and Dubai DFSA. Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: MetaTrader 4. Execution: STP / ECN Regulation: FCA, ASIC, FSA and DFSA Web Page: https://www.axi.com
Go to RoboForex	$30 welcome bonus with a minimum deposit of $10 and bonuses up to $50,000 per deposit. OPEN ACCOUNT RoboForex is a broker regulated by the IFSC in Belize. Demo Account: Yes, unlimited Minimum Deposit: 0 €/$ Trading Platforms: WebTrader, MetaTrader 4, MetaTrader 5, cTrader, iOS App, Android App. Execution: STP / ECN Regulation: IFSC Web Page: https://www.roboforex.com
Go to FP Markets	OPEN ACCOUNT FP Markets is regulated by Australian ASIC, FSP in South Africa and Cypriot CySEC in the European Union. Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, IRESS. Execution: ECN Regulation: ASIC, CySEC and FSP Web Page: https://www.fpmarkets.com
Go to OANDA	Deposit bonus up to $5,000. OPEN ACCOUNT Oanda is internationally regulated and authorised by supervisors such as the FCA, ASIC, NFA, IIROC, MFSA and BVI FSC. Demo Account: Yes, unlimited Minimum Deposit: 0 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker Regulation: FCA, ASIC, NFA, IIROC, MFSA, BVI FSC Web Page: https://www.oanda.com

Which are the best regulated brokers?

One of the most important factors when choosing an online broker is to check whether they are regulated and which body supervises and authorises their activities. Any broker that wishes to offer its services legally must be subject to regulation and control by the financial authority in which it is based. Therefore, an unregulated broker is a fraud and can lead to problems for the trader.

Regulated brokers are subject to financial legislation and supervision of their activities by the bodies that regulate them. These bodies are primarily responsible for ensuring investor protection and the proper marketing of services, transparency and non-deceptive advertising of the various products that brokers offer to their clients. Certain regulatory bodies, based on the financial regulations of the country in which they operate, also impose conditions so that investors’ capital is completely separated from the broker’s own bank accounts, in order to avoid being affected by its financial situation or being seized by its creditors in the event of a possible bankruptcy of the company.

In addition to this, the regulatory body is the body to which the trader can make any complaint against any possible malpractice of his online broker. These institutions have the power to sanction financial intermediaries, they are usually public authorities and their task is to ensure that financial legislation is complied with.

There are various regulatory bodies throughout the world and each broker may be regulated by several of them, depending on the country where its head office is located, as well as in the countries in which it operates. The main regulatory bodies include:

• The Financial Conduct Authority (FCA) in the United Kingdom (one of the most demanding in the world).
• The Cyprus Securities and Exchange Commission (CySEC) in Cyprus (where many of the brokers are registered thanks to its advantageous tax policy and membership of the European Union).
• The National Futures Association (NFA) in the United States.
• The Australian Securities and Investments Commission (ASIC) in Australia.
• …

After having tested and analysed numerous of the best online brokers, in the comparison table above you can see what we consider to be the best regulated brokers for investing in the stock market, forex, cryptocurrencies, indices, commodities,….

References and sources:

• List of financial regulatory authorities by country
• US Regulations for Forex Brokers
• Foreign Regulatory Agencies

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About the author: Emontero

I am Eduardo Montero. Computer scientist by profession and passionate about online trading with more than 10 years of experience in the financial markets. I publish articles on various financial websites and I have created this website in order to help those interested in the world of trading. The content is based on my personal experience as a trader, learning from the successes and above all the mistakes I have made over the years and always prioritising risk control of operations as, from my point of view, it is the only way to achieve sustainable results over time.

The content of this website is purely informative, it should not be considered as investment advice and we do not offer financial advisory services. You should bear in mind that you are the one who will make your financial decisions and you will be responsible for the outcome of those decisions.