The Best Regulated Forex Brokers for 2020

Investing is about making decisions; the good decisions can make you money, while the bad decisions can result in losses. For online financial investors, the first decision is choosing a brokerage company. It is always important to choose a reliable, trustworthy broker. The first sign of trustworthiness is always regulation. Regulation guarantees that brokerage firms will offer transparent trading services and investor’ funds will be held in segregated bank accounts. Overall, when trading with regulated brokers, investors have the peace of mind required to achieve success in the dynamic and volatile financial markets.  Let us take a look at the best regulated forex brokers in the industry.

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TeleTrade

TeleTrade is a highly reputable and global brokerage company that has investors of all levels since 1994. The company has established a likeable brand by consistently offering top class trading services. Investors on TeleTrade can trade over 200 financial assets on both MT4 and MT5, with a leverage of up to 1:500.  Furthermore, ECN and NDD account types are available, guaranteeing investors best asset pricing and minimal spreads at all times.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. Austria’s Financial Markets Authority (FMA)
3. Germany’s Federal Financial Supervisory Authority
4. Hungarian Financial Supervisory Authority (HFSA)
5. Bulgaria Financial Supervision Commission (FSC)
6. Czech National Bank
7. Greece’s Hellenic Capital Market Commission (HCMC)
8. Italy’s Commissione Nazionale per le Societa e la Borsa (CONSOB)
9. The Securities Commission of the Republic of Lithuania
10. Portugal’s Comissão do Mercado de Valores Mobiliários (CMVM)
11. Spanish National Securities Market Commission (CNMV)
12. Latvia’s Financial and Capital Market Commission (FCMC)
13. Polish Financial Supervision Authority (KNF)
14. Romania’s National Securities Commission (CNVM)
15. Financial Conduct Authority (FCA)

REGISTER WITH TELETRADE NOW

ITRADER

ITRADER only started serving investors in 2012, but it has managed to grow into a reputable global brand in the brokerage industry. It offers investors multiple innovative account types as well as three platform types that include WebTrader, MT4 and a complimentary Mobile App. There, traders can speculate on over 200 financial assets with the best and most competitive trading conditions. At ITRADER, investors are also guaranteed comprehensive support throughout.

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Regulated by:

1. Belize International Financial Services Commission (IFSC) under license number 60/322/TS/19.

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TradeFred

TradeFred is a multi-regulated global brokerage firm that was founded by gaming giant Betfred. The gaming background inspired the development of the award-winning TradeFred trading platform that is incredibly powerful yet features a delightful front-end interface that is very user-friendly. Still, TradeFred has also made available the popular MT4 platform for investors who may want multiple trading platforms. In addition to favorable trading conditions, TradeFred also offers convenient account types, including swap-free Islamic accounts.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. Australian Securities and Investments Commission (ASIC),
3. Vanuatu Financial Services Commission (VFSC)

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eXcentral

eXcentral is a CFD broker whose stated mission is to ensure any type of investor is able to achieve success trading financial assets online. The company offers comprehensive investor support by making available numerous handy professional trading tools and relevant educational resources. All their platforms allow traders to speculate on over 300 financial instruments, with their trading conditions designed to ensure that investors are not overly exposed to market risks.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. South Africa’s Financial Sector Conduct Authority (FSCA)

REGISTER WITH EXCENTRAL NOW

EToro

EToro is a brand name that needs no introduction in the CFD brokerage scene. Pioneers of social trading, eToro has continuously spearheaded innovation in the industry and continues to offer world-class trading services to all its investors. On their platform, there are over 2000 available financial instruments and investors are guaranteed transparent interbank pricing as well as best execution at all times. The broker also has an efficient banking system as well as an excellent customer support team.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC), under license number 109/10
2. UK Financial Conduct Authority (FCA), under firm reference number 583263
3. Australian Securities and Investments Commission (ASIC), under license number 491139
4. The Financial Crimes Enforcement Network (FinCEN) of the USA

REGISTER WITH ETORO NOW

Mentor FX

Mentor FX is a popular new CFD broker that offers CFD trading services on practically every type of financial asset. The broker features proprietary new technologies and innovations which ensure that investors have a competitive edge when trading their favorite financial assets online. Mentor FX has also provided favorable trading conditions such as swap-free accounts so that investors can get the most out of the trading activity.

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Regulated by:

1. Financial Supervision Authority (FSA) of St. Vincent and Grenadines
2. Vanuatu Financial Services Commission (VFSC)

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EuropeFX

EuropeFX claims to be Europe’s favorite broker for the modern broker. The broker implements the STP model that eliminates any conflict of interest with its client positions. EuropeFX investors are guaranteed maximum safety and security, as well as an open and transparent trading environment where they have all they need to profitable=y trade their favorite financial assets. From efficient banking to professional and responsive customer support, EuropeFX is a reliable and trustworthy broker for the modern trader.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. Austria’s Financial Markets Authority (FMA)
3. Germany’s Federal Financial Supervisory Authority (BaFin)
4. Spanish National Securities Market Commission (CNMV)
5. UK Financial Conduct Authority (FCA)
6. Netherlands Authority for the Financial Markets (AFM)
7. Swedish Financial Supervisory Authority (FSA)
8. Danish Financial Supervisory Authority (FSA)
9. Finnish Financial Supervisory Authority (FSA)
10. France’s REGAFI

REGISTER WITH EUROPEFX NOW

Capital Seven

An exclusive cryptocurrency trading platform, Capital 7 allows investors the chance to speculate of price changes of hundreds of crypto coins and tokens. The company is backed by experienced FinTech and Brokerage professionals who have managed to deliver trading services that suit the modern and ambitious investor.  Investors can also participate in multiple ICO (initial coin offerings) and stand to reap huge profits on the most promising crypto and blockchain projects.

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Regulated by:

1. Bulgaria Financial Supervision Commission (FSC)

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Pepperstone

Pepperstone was founded in 2010, and in just less than a decade, the broker has managed to gain an enviable reputation as one of the best CFD brokers in the world. Pepperstone investors can trade on MT4, MT5 and cTrader, with all platforms available on both desktop and mobile devices. The broker also offers generous bonuses and promotions that allow investors to earn even more money on top of their trading profits.

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Regulated by:

1. Australian Securities and Investments Commission (ASIC)
2. UK Financial Conduct Authority (FCA)
3. Dubai Financial Services Authority (DFSA)

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Xtrade

Xtrade is a top-class CFD brokerage firm that has served investors for over 10 years now. Xtrade utilizes its own proprietary trading platform that allows investors to trade any type of financial asset they desire. There are also complimentary mobile and tablet trading applications so that investors can enjoy flexible trading. Furthermore, Xtrade offers all its customers free and unlimited demo accounts so that they can experience their services risk-free.

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Regulated by:

1. International Financial Services Commission (license number IFSC/60/383/TS19)

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24Option

24Option started serving investors in 2010. The company started out as a binary options brokerage firm, but in 2017, it shifted its focus to only offering Forex and CFDs trading services. 24Option clients can trade on both MT4 and 24Option’s own proprietary trading platform and speculate on over 1000 financial assets. 24Options also has clearly the most comprehensive educational package in the industry, with its text and video tutorials helping traders of all levels further their trading skills, knowledge and technique.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. Belize International Financial Services Commission (IFSC)

REGISTER WITH 24OPTION NOW

FP Markets

FP Markets was launched in 2005 and has grown into one of the most trusted global brands in the industry. The broker has consistently delivered top-notch trading services, creating the ultimate trading environment any investor needs to make money out of the financial markets. With over 10000 tradable financial instruments available, investors can trade practically any asset they wish to. The outstanding service offered by FP Markets has been acknowledged with 40 awards in the industry.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. Australian Securities and Investments Commission (ASIC)

REGISTER WITH FP MARKETS NOW

Olympia Markets

As a relatively new broker, Olympia Markets has no doubt done a great job building trust and confidence among the investing community. This is largely due to the trader-centered approach the broker adopted early on. Its proprietary trading platform is packed with handy professional tools and it also features a cloud-based functionality that guarantees the best execution of orders at all times. Furthermore, Olympia Markets also assigns personal account managers to all investors on their platform.

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Regulated by:

1. Estonia Financial Supervisory Authority (FSA)

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Arum Capital

Although a relatively new broker, Arum Capital is one of the most recognized brokerage companies in Europe. The broker has enlisted the services of the best liquidity providers in the industry, which ensures that transparent prices are streamed across all its tradable assets at all times. As an exclusively STP and ECN broker, Arum Capital ensures that investors trade their favorite assets with the best conditions throughout.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)

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GMO Trading

When you sign up at GMO Trading, you practically do not need any other brokerage partner. On their MT4 and WebTrader platforms, investors can speculate on the price changes of over 10000 financial assets. Investor support at Arum Capital is excellent, with the broker boasting one of the most comprehensive Study Section as well as an excellent, professional and responsive customer support team.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)

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CapitalXP

Known for its innovative account types, CapitalXP is designed to ensure every investor gains maximum value for his capital. There are also managed accounts that opens up the opportunity for investors to earn off the expertise of experienced and profitable traders. CapitalXP has multiple trading platforms, all accessible on both desktop and mobile devices. The broker also has a dedicated customer support team that is available round the clock to attend to all investor issues.

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Regulated by:

1. Vincent & the Grenadines Financial Services Authority (FSA)

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EverFX

EverFX is an international CFD broker that serves investors all around the world. The broker offers over 130 tradable instruments across 6 financial asset classes. The EverFX Academy that is regularly updated is one of the most comprehensive educational packages in the world while resources such as Trading Central can help traders pick out the best trading opportunities on their favorite assets every day. There is also a dedicated Newsroom for investors to stay ahead of fundamental strategies.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. Cayman Islands Monetary Authority (CIMA)
3. Seychelles Financial Services Authority (FSA)

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Easy Markets

Easy Markets has done a rather good job making investing and trading success, well, easy. In addition to the popular MT4 platform, at Easy Markets, investors can also trade on their incredibly user-friendly but powerful proprietary trading platform that is packed with numerous beginner-friendly tools as well as practical professional resources. The broker has also ensured that its trading conditions give investors the best possible chance of realizing success in the financial markets.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. Australian Securities and Investments Commission (ASIC)

REGISTER WITH EASY MARKETS NOW

Plus500

Plus500 is undoubtedly one of the most trusted brokerage firms in the world. The company is listed on the London Stock Exchange, making it one of the few publicly traded brokers in the world. Plus500 is regulated in multiple jurisdictions and is able to offer trading services to investors all around the world. Its robust proprietary trading platform has won multiple awards for its powerful features, best trading conditions and transparent pricing across all its tradable assets.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. Australian Securities and Investments Commission (ASIC)
3. UK Financial Conduct Authority (FCA)
4. South Africa Financial Services Board (FSCA)
5. New Zealand Financial Markets Authority (FMA)
6. Monetary Authority of Singapore (MAS)
7. Israel Services Authority (ISA)

Profit Trade

Profit Trade is a leading global CFD broker that has ensured retail investors are able to trade financial markets with ease and convenience. Their proprietary trading platform is integrated with the popular MT4, allowing for seamless switching whenever and however investors want. There are also 6 account types; including a Robot account that is exclusively for algorithmic trading and a Tailored account type that allows investors to customize all the trading conditions they wish.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)

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Nasdaq500

Nasdaq500 is headquartered in the prestigious Marshall Islands, and offers CFD trading on Stocks, Forex, Indices, Cryptocurrencies and Metals. The broker utilizes its own proprietary trading platform (Active8) and also has the popular MT4 platform available so that investors can speculate on the over 200 financial assets. Nasdaq500 has plenty of innovative risk management tools that ensure investors are exposed to as minimal risk as possible when trading on all their platforms.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)

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Mason Ford

Mason Ford has established a global reputation as the best brokerage platform for automated trading software. The broker offers CFD trading services on Forex, Cryptocurrencies and Stocks, with over 300 financial assets available for trading. Mason Ford utilizes its own advanced proprietary platform that is web-based, which allows for flexible and convenient trading on both desktop and mobile browsers. The broker also has personal account managers for all its clients.

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Regulated by:

1. Financial Conduct Authority (FCA)

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GSI Markets

GSI Markets is a leading global Forex broker that utilizes the advanced ECN connection on the popular MT4 platform. This ensures that traders are able to trade their favorite assets at best prices all the time, with as minimal spreads as possible. The broker also features a detailed Education Centre and investors can also take advantage of the efficient social trading integration on their platforms that is powered by Sirius Copy Trade.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)

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2Mercados

2Mercados is in every sense a truly modern broker, made for the modern investor. The broker utilizes the advanced Sirius trading platform that is feature-packed and offers investors a pathway to trading over 200 financial instruments drawn from practically every available financial asset class. Additionally, the broker accepts a wide range of safe, secure and convenient payments methods; and also offers round the clock customer support.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)

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KronosInvest

KronosInvest is well-reputed in Forex brokerage scene, with its proprietary Status WebTrader acknowledged for its simplicity and powerful, professional trading tools and resources. The broker also has the popular MT4 platform available, and they give access to over 230 financial assets. Investor support at KronosInvest is superb and includes the availability of relevant study resources as well as live expert sessions on demand. There is also in-platform customer support for quick and convenient service to investors.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)

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TrustFX

TrustFX is a CFD brokerage firm that has gone to great lengths to earn the confidence of the modern, demanding investor. The broker is known to have dedicated training regimes for individual investors as well as handy tools and resources such as free trading signals and comprehensive market commentary and analyses. Its multiple innovative account types have also been tailored to meet the individual needs of diverse investors.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)

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Fortrade

Fortrade is one of the most popular CFD brokerage companies in the world. They have reached that status by consistently delivering the best online financial assets trading environment since 2011. Located in the UK, Fortrade serves traders from all around the world and has managed to integrate its proprietary Fortrader platform with the popular MT4. Its web-based platform features tools such as live market sentiment analysis and Asset Finder that ranks the most volatile assets in every trading session.

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Regulated by:

1. Cyprus Securities and Exchange Commission (CySEC)
2. UK Financial Conduct Authority (FCA)
3. Australian Securities and Investments Commission (ASIC), under license number 491139
4. National Bank of the Republic of Belarus (NBRB)
5. Investment Industry Regulatory Organization of Canada (IIROC)

REGISTER WITH FORTRADE NOW

Can You Trade Without a Broker?

Yes, you can. Theoretically, you can trade your favorite financial assets and make money without a broker; but practically, it will be an activity with an unfavorable risk/reward ratio for you. If you want to trade Forex, for instance, you can just visit your local bank and exchange your local currency for any other currency you want. You can then sell at a later date if the exchange rate favors you. You can also buy physicals assets, such as Gold, and wait to sell when prices appreciate. While it is indeed possible to trade without a broker, you will miss out on convenient features, such as leverage, transparent prices, charting, expert analyses, and much more.

What License Do You Need to Trade Forex?

This will depend on the country you come from. In most countries, retail traders require no license to start trading Forex for themselves. There may however be some licenses required for traders that will be trading other people’s money. Some countries may also have certain restrictions, such as the maximum amount of leverage their citizens can take when trading Forex. Additionally, other countries may also require that their citizens only trade with regulated brokers (local or offshore). Beyond that, when you register with a regulated broker, you will have to submit AML (anti-money laundering) and KYC (know-your-customer) documents for regulatory compliance purposes.

Are all Forex Brokers Regulated?

Not all Forex brokers are regulated. While this does not necessarily mean that all unregulated brokers are bad and a scam, it is always safe to stick with a regulated broker. Regulated brokers offer transparent services, such as efficient support for trading software and fair pricing at all times. They also guarantee the safety of your funds as well as your personal information.

How to Choose a Regulated Broker

Regulation is a big deal in the Forex brokerage scene. This means that there is a wide selection of good regulated brokers to choose from. The first step of determining whether a broker is regulated is by visiting their site and finding out the details of the registration and regulatory agency. You can then validate all that information by browsing through the lists provided by the relevant regulatory agencies, such as CySEC, FCA and ASIC. A regulated broker will no doubt be a safe choice for both new and experienced investors. Beyond that, you will also need to consider their trading offering so as to pick out the best broker that will help you achieve your investing goals. The factors to consider include charting, trading costs, trading software support, trading tools and resources, payment methods, as well as customer support. Regulation is particularly important, but it is by no means the only consideration.

Final Word

Brokers provide the pathway to the amazing world of online financial assets trading. They are essentially your partner, and their services determine how you will be able to take advantage of the lucrative opportunities in the financial markets. It is therefore important to always choose a partner that is reliable and trustworthy. It is your only realistic chance at success in the volatile financial markets, and luckily it is also your first decision. We have simplified the decision for you by putting together some of the most trustworthy brokerage firms which are regulated and offer the best environment for trading financial assets online.

• Author Details

Dov Herman Author

Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on CoinRevolution and across the web.

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