EU REGULATED FOREX BROKERS

The Forex EU team have tested every forex broker following the MiFID Markets in Financial Instruments Directive to provide the most relevant reviews.

mifid forex brokers

Forex Brokers Regulated in the European Union

EU Regulated Forex Brokers must complied to MiFID directive. Here’s a list of forex brokers following the MiFID directives. MiFID is the markets in financial instruments directive (Directive 2004/39/EC). In force since November 2007, it is a cornerstone of the European Union’s regulation of financial markets. In June 2014, the European Commission adopted new rules revising the MiFID framework. These consist of a directive (MiFID 2) and a regulation (MiFIR).

ESMA Risk Warning:”79% of clients are loosing money with this broker. Capital at risk.”

AvaTrade is a global regulated forex & CFD broker offering access to world’s markets via powerful trading platforms. Trade Forex, CFD, Stocks, Crypto, ETF, and more.

 EU (BCI, MiFID,+)
 Central Bank of Ireland (No.C53877)
 Australia ASIC (No.406684)
 Regulated in +150 countries

ESMA Risk Warning:”79% of clients are loosing money with this broker. Capital at risk.”

OctaFX is a global forex & CFD broker offering access to world’s markets via powerful trading platforms. Trade Forex, CFD, Stocks, Crypto, ETF, and more.

 EU (MiFID)
 cTrader, MT4 & MT5
 Copy Trading Platform
 Regulated by the FSA

ESMA Risk Warning:”74% of clients are loosing money with this broker. Capital at risk.”

NSFX is regulated broker providing online trading services. Trade Forex, CFD, Stocks, Crypto, Bonds, Indexes and more on Jforex trading platform.

 EU (MiFID,+)
 UK (FCA)
 Australia (ASIC)
 Regulated in +150 countries

ESMA Risk Warning:”72.6% of clients are loosing money with this broker. Capital at risk.”

XM is regulated broker providing online trading services. Trade Forex, CFD, Stocks, Crypto, Bonds, Indexes and more on Metatrader 4 trading platform.

 EU (MiFID,+)
 UK (FCA)
 Australia (ASIC)
 Regulated in +150 countries

ESMA Risk Warning:”72.6% of clients are loosing money with this broker. Capital at risk.”

Axi is regulated broker providing online trading services. Trade Forex, CFD, Stocks, Crypto, Bonds, Indexes and more on Metatrader 4 trading platform.

 EU (MiFID,+)
 UK (FCA)
 Australia (ASIC)
 Regulated in +150 countries

ESMA Risk Warning:”79% of clients are loosing money with this broker. Capital at risk.”

Pepperstone is a regulated forex broker offering low spreads and commissions. Trade CFDs on forex, gold, indices, US shares and more.

 EU (MiFID,+)
 UK (FCA)
 Australia (ASIC)
 Regulated in +50 countries

ESMA Risk Warning:”between 74-89% of clients are loosing money with this broker. Capital at risk.”

HYCM is a multi-regulated broker providing trading services since 1977*. Trade Forex, CFD, Stocks, Crypto, Bonds Indexes and more on Metatrader 4 & 5 trading platforms.

 EU (MiFID,+)
 UK (FCA)
 Dubai (DFSA)
 Regulated in +150 countries

ESMA Risk Warning:”72.6% of clients are loosing money with this broker. Capital at risk.”

Axes is a world class broker providing online trading services. Trade Forex, CFD, Stocks, Crypto, Bonds, Indexes and more on Metatrader 5 trading platform.

 EU (MiFID)
 FSA (338 LLC 2020)
 cTrader, MT4 & MT5
 Regulated by the FSA

Choosing your forex broker is a crucial step in the success of every trader’s operations. Here you will find the best forex brokers based on the most comprehensive data & review to help you find the best broker for your needs.

1. Regulated Broker

It is important that your broker is registered with the financial authority regulating your country of residence. Thus, you will benefit from protection for your funds and help in case of litigation, EU Regulated Forex Brokers must complied to MiFID directive.

Markets in financial instruments directive – MiFID

MiFID is the markets in financial instruments directive (Directive 2004/39/EC). In force since November 2007, it is a cornerstone of the European Union’s regulation of financial markets.

2. Minimum Deposit

Most Forex Brokers have a minimum deposit requirement. If you want to start with a little investment, it can be useful to know which broker accept small deposit. As well, if you are looking to make a huge deposit, you can have some advantages to find a different broker.

3. Trading Platform

It is essential that the broker offers the trading platform that you use. The table above the trading platforms offered by the various forex brokers.

The comparative table below will help you to choose the best broker corresponding to your needs and your country of residence.

4. Spreads Commissions and Fees

Trading financial instrument are not free and . If you it will be a better option for you to open your trading account with the broker that offer the best conditions for your specific needs.

Forex Broker

Regulator

Avatrade  EU (BCI, MiFID,+)  Central Bank of Ireland (No.C53877)  Regulated in more than 150 countries ESMA Risk Warning:”79% of clients are loosing money. Capital at risk.”

Avatrade Demo

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axi axitrader EU (MiFID) FCA (509746) ESMA & FCA Risk Warning:“72.6% of clients are loosing money. Capital at risk.“

AxiTrader Demo

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Pepperstone Forex Broker FCA Register Number 684312 ESMA & FCA Risk Warning: “73.6% of clients are loosing money. Capital at risk.”

Pepperstone Demo

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hycm forex broker EU (MiFID ESMA & FCA Risk Warning“85% of clients are loosing money. Capital at risk.”

HYCM Demo

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MiFID is the markets in financial instruments directive (Directive 2004/39/EC)

It governs provision of investment services in financial instruments by banks and investment firms operation of traditional stock exchanges and alternative trading venues While MiFID created competition between these services and brought more choice and lower prices for investors, shortcomings were exposed in the wake of the financial crisis.

MiFID 2 and MiFIR

In June 2014, the European Commission adopted new rules revising the MiFID framework. These consist of a directive (MiFID 2) and a regulation (MiFIR).

MiFID 2 aims to reinforce the current European rules on securities markets by

  • ensuring that organised trading takes place on regulated platforms
  • introducing rules on algorithmic and high frequency trading
  • improving the transparency and oversight of financial markets – including derivatives markets – and addressing some shortcomings in commodity derivatives markets
  • enhancing investor protection and improving conduct of business rules as well as conditions for competition in the trading and clearing of financial instruments
  • Building on the rules already in place, the revised MiFID rules also strengthen the protection of investors by introducing requirements on the organisation and conduct of actors in these markets .

MiFIR sets out requirements on:

  • disclosure of data on trading activity to the public
  • disclosure of transaction data to regulators and supervisors
  • mandatory trading of derivatives on organised venues
  • removal of barriers between trading venues and providers of clearing services to ensure more competition
    specific supervisory actions regarding financial instruments and positions in derivatives
  • The application date of MiFID II and MiFIR, initially scheduled for 3 January 2017, has been extended to 3 January 2018.

Related links

List of EU regulated markets
Workshop on new investor protection rules in MiFID II – 26 September 2017

Forex Broker Regulator by Country

FRANCE

ACP : Autorité de Contrôle Prudentiel

AMF : Autorité des Marchés Financiers

FINLAND

FIN : Finanssivalvonta Finansinspektionen

GERMANY

BaFin : Bundesanstalt für Finanzdienstleistungsaufsicht

HUNGARY

MNB : Magyar Nemzeti Bank

ITALY

CONSOB : Commissione Nazionale per la Società e la Borsa

NETHERLANDS

AFM : Autoriteit Financiële Markten

SPAIN

CNMV : Comisión Nacional del Mercado de Valores

SWEDEN

FI : Finansinspektionen

UNITED KINGDOM

FCA : Financial Conduct Authority

Have Questions?

If you have any question don’t hesitate to contact us

Forex is the accronym of Foreign Exchange. largest financial market in the world, recording a daily turnover of over $5000 billions in US dollar.

Forex trading is a legal financial activity in most countries of the European Union. 

You can register a free demo account and download any forex trading platforms without any fees.

Forex Trading is not for everyone. If you can’t afford to loose your capital, trading on financial markets is probably not for you.

To Start Forex Trading you must first open your Trading Account.

Risk Warning: Forex, Crypto, Margin Trading & CFD are complex instruments and come with a high risk of losing money due to leverage. Depend of the broker, between 69% to 89% of retail investor accounts lose money when trading CFD. You must understand how CFD margin trading work and whether you can afford to take the high risk of losing your money.

High Risk Warning: Contracts for Difference (CFD) are complex financial instruments that are traded on margin. Depend of the broker, between 69 to 89% of retail investor accounts lose money when trading CFD. Due to leverage, you can lose your capital rapidly. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These financial products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources.

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