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Forex Broker Regulators

Who licenses your broker decides what happens to your money if the firm fails. These are the regulators we come across, sorted by how much protection they actually give you.

Regulation is 30% of every rating · see the methodology

A licence is not a guarantee. What it tells you is which rules the broker has agreed to follow, who you can complain to, and whether anybody stands behind your balance if the firm goes under. Those three things vary enormously between jurisdictions, which is why we score regulation on a tier rather than treating every licence as equal.

Tier 1

Leverage capped at 30:1 on major pairs, segregated client money, negative balance protection, and a statutory compensation scheme standing behind the firm.

Tier 2

The same MiFID leverage caps and conduct rules, with a compensation scheme that pays out considerably less than tier 1.

Tier 3

A real public register and some conduct rules, but no compensation scheme and much higher permitted leverage.

Unlicensed

No register entry we can find, or a registration that does not cover dealing in foreign exchange.