EU Regulated Forex Brokers

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

Best Forex Brokers Regulated in the European Union

1
Top Offer FXCC EU Broker
100% Deposit Bonus + Low Spreads. Minimum Deposit: $100
2
FP Markets EU
Free $100,000 Demo + Low Commissions. Minimum Deposit: $50
3
New IFC Markets
Up to 50% Bonus + $10,000 Demo Account. Minimum Deposit: $100
4
Avatrade Review
Up to 20% Bonus + Free Demo Account. Minimum Deposit: $100
Up to 50% Bonus + Forex Demo Account
4.7
Free $10,000 Demo + $2.25 commission
4.8

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).

How to Find Forex Brokers in the EU

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 Brokers with their EU Licenses

1. Avatrade

EU (BCI, MiFID,+)Central Bank of Ireland (No.C53877)Regulated in more than 150 countries

4.8

2. Axitrader

EU (MiFID)FCA (509746)ESMA Risk Warning:”79% of clients are loosing money. Capital at risk.”

4.7

3. Pepperstone

EU (FCA)FCA Register Number 684312ESMA & FCA Risk Warning: “73.6% of clients are loosing money. Capital at risk.”

4.8

4. Pepperstone

EU (MiFID)CySEC license number 259/14ESMA & FCA Risk Warning: “85% of clients are loosing money. Capital at risk.”

4.5

European Regulators Explained

iFID 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.

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

FAQ

What is Forex?

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 legal in the European Union?

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

How do I download a Forex Trading Platform?

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

Who can Trade Forex?

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

How to Start Forex Trading?

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