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You are here: Home / What are the top regulated brokers in 2023?

What are the top regulated brokers in 2023?

Eduardo Montero

Author: Eduardo Montero

When choosing an online broker, it is important to verify that they are licensed and have authority to supervise and authorize their activities. A broker who wants to legally offer their services must be under the control of the financial authority where it is located. Unregulated brokers could be fraudsters and can cause problems for traders.

After analysing many of the top online brokers, the following table shows what we believe to be the most reliable and regulated brokers for investing in stock market, forex, cryptocurrency, indices, and commodities .

BrokerKey FeaturesOffer

XTB Broker

Go to XTB

XTB is a broker that is regulated by the FCA (UK), the CNMV (Spain), and the FSC (Belize).

Website: https://www.xtb.com/
Regulated by: FCA, CNMV, FSC
Min Deposit: 0 € / $
Trading Platforms: WebTrader + iOS App + Android App
Type of Execution: Market Maker / STP
Available Instruments: Over 2100: Forex, indices, commodities, stocks, ETFs and cryptocurrencies.

Excellent customer support.

Pepperstone

Go to Pepperstone

Pepperstone is an online broker regulated internationally through supervisors like the UK FCA, Australian ASIC, CySEC, BaFin, SCB, CMA and DFSA in Dubai.

Website: https://pepperstone.com/
Regulated by: FCA, CySEC, ASIC, BaFin, DFSA, SCB, CMA
Min Deposit: 200 € / $
Trading Platforms: MetaTrader 4 + MetaTrader 5 + cTrader + Trading View
Type of Execution: STP / NDD
Available Instruments: More than 1200. Specialised in Forex, also offers CFDs on indices, stocks, commodities, cryptocurrencies, ETFs and currency indices.

Low spreads and ultra-fast execution.



(*) Between 74-89 % of retail investor accounts lose money when trading CFDs.

XM Broker

Go to XM

XM Group offers their services under CySEC regulation in Europe, FSC in Belize, and ASIC in Australia.

Website: https://www.xm.com/
Regulated by: CySEC, ASIC, FSC
Min Deposit: 5 € / $
Trading Platforms: MetaTrader 4 + MetaTrader 5
Type of Execution: Market Maker
Available Instruments: More than 1000: Wide range of Forex currency pairs. Also commodities, precious metals, indices and stocks.

$30 no deposit bonus and deposit bonus up to $5,000.



(*) Bonuses not available for clients of the XM Group's European regulated entity. Check conditions on the broker's website.

Plus500

Go to Plus500

Plus500 is regulated under the UK FCA, Cyprus CySEC and Australian ASIC. Also by FSCA in South Africa, DFSA in Dubai (United Arab Emirates) and FSA in Seychelles.

Website: https://www.plus500.com/
Regulated by: FCA, CySEC, ASIC, FSA, DFSA, FSCA
Min Deposit: 100 € / $
Trading Platforms: WebTrader + iOS App + Android App
Type of Execution: Market Maker
Available Instruments: Over 2,000 CFDs: indices, currencies, commodities, cryptocurrencies, stocks, options and ETFs.

Free demo account with no time limit.



(*) CFD Service. Your capital is at risk.

eToro

Go to eToro

eToro broker has been approved and regulated in the UK by the FCA, Cyprus CySEC, and Australia ASIC.

Website: https://www.etoro.com/
Regulated by: FCA, CySEC, ASIC
Min Deposit: 200 € / $
Trading Platforms: WebTrader + iOS App + Android App
Type of Execution: Market Maker
Available Instruments: Over 3500: Large number of stocks (over 3100) and cryptocurrencies (over 75). Also commodities, currencies, indices and ETFs.

World leader in social trading.



(*) Warning: 78% of retail CFD accounts lose money.

IC Markets

Go to IC Markets

IC Markets, an online broker based in Australia, is regulated by ASIC, FSA in Seychelles and CySEC in Europe.

Website: https://www.icmarkets.com/
Regulated by: CySEC, ASIC, FSA
Min Deposit: 200 € / $
Trading Platforms: MetaTrader 4 + MetaTrader 5 + cTrader
Type of Execution: ECN
Available Instruments: More than 2250: More than 60 Forex currency pairs. Also offers commodities, indices, stocks, bonds, cryptocurrencies and futures.

Axi Broker

Go to Axi

Axi is an online broker regulated by the UK FCA (Financial Conduct Authority), FSA, ASIC in Australia and DFSA in UAE.

Website: https://www.axi.com/
Regulated by: FCA, ASIC, DFSA, FSA
Min Deposit: 0 € / $
Trading Platforms: MetaTrader 4
Type of Execution: STP / ECN
Available Instruments: More than 130 instruments: Forex, indices, commodities and cryptocurrencies.

FP Markets

Go to FP Markets

FP Markets is a regulated broker by Australian ASIC in Australia and CySEC within the European Union.

Website: https://www.fpmarkets.com/
Regulated by: CySEC, ASIC
Min Deposit: 100 € / $
Trading Platforms: MetaTrader 4 + MetaTrader 5 + IRESS
Type of Execution: ECN
Available Instruments: More than 10,000 tradable instruments: Forex, CFDs, indices, stocks, commodities, metals, cryptocurrencies and bonds.

RoboForex

Go to RoboForex

RoboForex is an online broker that is regulated by the FSC of Belize.

Website: https://roboforex.com/
Regulated by: FSC
Min Deposit: 100 € / $
Trading Platforms: WebTrader + MetaTrader 4 + MetaTrader 5 + cTrader + iOS App + Android App
Type of Execution: STP / ECN
Available Instruments: Over 12,000: Forex, stock indices, ETFs, commodities, cryptocurrencies and stocks (over 8400 in R Stocks Trader account).

First and subsequent deposit bonus up to $50,000.



(*) Bonus not available for European clients. Check conditions on the broker's website.

EXNESS

Go to Exness

Supervisors around the world regulate Exness broke such as the FCA and CySEC, FSCA and FSC, FSCA, FSC, CBCS or SDL.

Website: https://www.exness.com/
Regulated by: FCA, CySEC, FSC, FSCA, FSCA, FSC, SDL, CBCS
Min Deposit: 0 € / $
Trading Platforms: MetaTrader 4 + MetaTrader 5
Type of Execution: Market Maker / ECN
Available Instruments: Over 250 instruments including more than 100 Forex pairs, commodities, energies, stocks, indices and cryptocurrencies.

FBS Broker

Go to FBS

FBS is a broker that is regulated by supervisors like the FSC of Belize and Cyprus CySEC.

Website: https://www.fbs.com/
Regulated by: CySEC, FSC
Min Deposit: 1 € / $
Trading Platforms: MetaTrader 4 + MetaTrader 5 + iOS App + Android App
Type of Execution: STP / ECN
Available Instruments: Over 180 assets: Forex currencies, cryptocurrencies, precious metals, energies and equities.

$140 no deposit bonus (to trade for 40 days) and 100% deposit bonus doubling your deposit.



(*) Bonuses are not available for European clients. See conditions on the FBS broker's website.

AvaTrade

Go to AvaTrade

AvaTrade is regulated internationally by the Central Bank of Ireland, ASIC, FSCA, BVI and FSA.

Website: https://www.avatrade.com
Regulated by: Central Bank of Ireland, ASIC, BVI, FSA, FSCA
Min Deposit: 0 € / $
Trading Platforms: WebTrader + MetaTrader 4 + MetaTrader 5 + iOS App + Android App
Type of Execution: Market Maker
Available Instruments: More than 200. Major, minor and exotic Forex pairs, cryptocurrencies and CFDs on indices, commodities and stocks.

OANDA

Go to OANDA

OANDA has been approved and regulated by international supervisors like the FCA, NFA, ASIC, BVI FSC, IIROC and MFSA.

Website: https://www.oanda.com/
Regulated by: FCA, ASIC, NFA, BVI FSC, MFSA, IIROC
Min Deposit: 0 € / $
Trading Platforms: MetaTrader 4 + MetaTrader 5
Type of Execution: Market Maker
Available Instruments: More than 120: Forex, indices, metals, stocks, commodities and cryptocurrencies.

Deposit bonus up to $5,000.



(*) Bonus not available for European customers. See terms and conditions on the Oanda website.

Financial legislation is applied to CFD brokers, Forex brokers,… who are regulated and their activities are monitored by regulatory bodies. These bodies are responsible for protecting investors and ensuring transparency, non-deceptive marketing and proper marketing of the services brokers offer their clients. Based on financial regulations in their country, certain regulatory bodies also require that investors’ capital be completely separate from broker’s bank accounts. This is to prevent the broker being affected by the company’s financial situation and being taken by creditors in the event of bankruptcy.

The regulator is also the body that a trader can complain about any malpractice by his online broker. These institutions can sanction financial intermediaries. They are often public authorities whose task it is to enforce financial legislation.

There are many regulatory bodies around the globe and every broker could be regulated by multiple of them depending on where it is located as well as the countries in which they operate. These are the main regulatory bodies:

  • The Financial Conduct Authority (FCA), United Kingdom, is one of the most stringent in the financial world.
  • The Cyprus Securities and Exchange Commission, CySEC in Cyprus. Many brokers are registered here thanks to the favorable tax policy and EU membership.
  • The National Futures Association (NFA), in the United States.
  • The Australian Securities and Investments Commission (ASIC) is located in Australia.
    Among other…

This post is also available in Spanish: brokers regulados, German: regulierten broker, Malay: broker terkawal malaysia, Thai: Thai


Eduardo Montero

Author: Eduardo Montero

Welcome to Mundo-Forex.com: I'm Eduardo Montero, I work professionally in IT. I started trading in the financial markets (mainly Forex) more than 10 years ago. I'm the author of the articles on this website and of many others published on other websites specialised in stock market investment and finance in general. Learn more about me here: About the author.


 

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(*) Risk warning: CFDs are complex instruments and have a high risk of losing money quickly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are a difficult product to understand, the CNMV considers them unsuitable for retail investors due to their complexity and risk. Your capital is at risk. Trading foreign exchange or CFDs with leverage carries a high level of risk and may not be suitable for all types of investors. The high degree of market leverage can play both against and for the investor. Therefore, before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk tolerance. Remember that there is a possibility of losing some or all of your initial investment, even exceeding that amount, so do not invest money you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange and CFD trading and if in doubt seek the advice of an independent financial advisor. The opinions expressed on Mundo-Forex.com are those of independent authors who do not necessarily represent the opinion of Mundo-Forex.com or its management team. Mundo-Forex.com does not verify the certainty or veracity of the statements or complaints made by any of the independent authors who collaborate on the website. All published texts are liable to contain errors or omissions. The opinions, news, reports, analyses, quotes or other information contained in Mundo-Forex.com, produced by the Mundo-Forex.com team, its partners or collaborators are of a general market commentary and in no way constitute or should be understood as investment advice or recommendation. Mundo-Forex.com disclaims any legal responsibility for any loss or damage including, but not limited to, loss or profits that may arise directly or indirectly from the use of this information or the trust placed in it. ® Mundo-Forex.com - All rights reserved. © 2023 Office: Calle Rosalía de Castro 67 9C - 36201 - Vigo (Pontevedra) - Spain - Mundo-Forex.com All about Forex trading

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