In the world of forex trading, it’s crucial to find a reputable and trustworthy broker to ensure the safety of your investments. With so many options available, it can be challenging to determine which broker is the best fit for you. That’s why we’ve put together a comprehensive list of the best regulated forex brokers for 2024. These brokers have all been thoroughly vetted and meet our strict criteria for reliability, security, and customer service. By choosing one of these brokers, you can rest assured that your investments are in good hands. In the following paragraphs, we’ll provide more detailed information about each of these top-rated brokers, so you can make an informed decision about which one is right for you.
How Forex brokers regulated?
Forex brokers are regulated by different organizations depending on the country they operate in. In the United States, Forex brokers are regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). These organizations enforce stringent rules and regulations to ensure that brokers operate in a fair and transparent manner, and that they protect the interests of their clients.
In Europe, Forex brokers are regulated by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) in the UK. They have similar objectives as the US regulators, but their rules and regulations may differ slightly.
In Australia, Forex brokers are regulated by the Australian Securities and Investment Commission (ASIC), and in Japan, they are regulated by the Financial Services Agency (FSA). These organizations ensure that brokers meet specific capital adequacy requirements, disclose their fees and charges, and maintain appropriate risk management systems.
In general, Forex brokers that are regulated by reputable organizations offer a higher level of security to traders, as they are required to maintain strict standards and adhere to strict rules and regulations.
12 Best Regulated Forex Brokers 2024
Doo Prime
Best Forex Broker For Swap Free Trading
Min Deposit
$0
Tradable Instruments
10,000+
Founded
2014
Doo Prime operates globally, with centers in Dallas, Sydney, Singapore, Hong Kong, Dubai, and Kuala Lumpur. Established in 2014, the Doo Group now serves over 40,000 professional clients worldwide under compliance regulations. Doo Prime is regulated by the SEC and FINRA in the U.S., the FCA in the UK, the ASIC in Australia, the FSA in Seychelles, the FSC in Mauritius, and the FSC in Vanuatu.
XM
Best Forex & CFD Trading Platform
Min Deposit
$5
Tradable Instruments
1000+
Founded
2009
XM is a popular online trading platform that allows users to trade in a variety of financial instruments, including forex, stocks, commodities, and indices. The platform is known for its user-friendly interface, low spreads, and high leverage, making it a popular choice for both novice and experienced traders.
FXTM
Best Forex Broker For Swap Free Trading.
Min Deposit
$500
Tradable Instruments
100+
Founded
2011
FXTM, or ForexTime, is a global forex broker that offers a wide variety of financial instruments for trading. The company was founded in 2011 and is based in Cyprus, with additional offices in the UK, Belize and Mauritius. FXTM offers trading on popular platforms such as MetaTrader 4 and MetaTrader 5, and provides access to a range of markets including forex, commodities, indices, and shares.
HF Markets
Low Fees, Fast Account Opening
Min Deposit
$1
Tradable Instruments
100+
Founded
2010
HFM is regulated by multiple top-tier regulators across the globe. Regulators include FSCA, CySEC, DFSA, FSA, FSA, FCA, FSC, and CMA respectively. Furthermore, HFM keep client funds in segregated accounts and offers Negative Balance Protection partnered with Market leading insurance.
FBS
Best MT4 Forex Broker In Asia
Min Deposit
$1
Tradable Instruments
164
Founded
2009
FBS Markets is a popular international forex broker, particularly catering to beginner traders. Founded in 2009, they boast a large Indonesian presence, offering extensive educational resources and support in Bahasa Indonesia. FBS offers 24/7 customer support in Bahasa Indonesia, ensuring that you can always get help when you need it.
FP Markets
Faster execution
Min Deposit
$50
Tradable Instruments
10000+
Founded
2005
Established and regulated since 2005, FP Markets is a global Financial Technology services Foreign Exchange (Forex) and Contracts for Differences (CFD) broker. FP Markets regulated by the Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the European Securities and Markets Authority (ESMA).
Tickmill
Globally Regulated and Licensed
Min Deposit
$100
Tradable Instruments
180+
Founded
2014
Tickmill is a global online forex and CFD broker that was founded in 2014. They are headquartered in London, UK, and have regulated entities in the UK, Seychelles, Labuan Malaysia, and South Africa. Tickmill is known for its low spreads, high leverage, and excellent customer service.
Admiral Markets
Forex and CFD trading, extra low trading fees.
Min Deposit
$1
Tradable Instruments
3000+
Founded
2001
Admiral markets has been operational since 2001. The platform offers a variety of trading instruments, including Forex, Commodities, Bonds, and Cryptocurrencies. Admiral markets are under stringent regulation by SySEC, MIFID, and the UK Financial Conduct Authority.
Exness
Best trading platform with variety of features
Min Deposit
$1
Tradable Instruments
100+
Founded
2008
Renowned for its robust regulatory framework, Exness stands as a beacon of trust in the online brokerage landscape. Holding licenses from esteemed authorities like CySec, FCA, and FSA, Exness caters to diverse trading needs with a commitment to compliance across various jurisdictions.
JustMarkets
Best Forex Broker For Swap Free Trading.
Min Deposit
$1
Tradable Instruments
170+
Founded
2012
JustMarkets is an international broker with a huge following in Asia, and it was recently rebranded from JustForex to help the company expand. JustMarkets is accessible in over 200 countries, and it offers tight spreads, a wide range of assets, four different account types, and MetaTrader 4 and 5 to its customers.
The Top Tier Forex Market Regulators
Forex trading is a popular investment option that involves the buying and selling of currencies. Since the forex market is decentralized and largely unregulated, there are several organizations around the world that have been established to oversee and regulate forex trading activities. Here are some of the top forex regulators:
Commodity Futures Trading Commission (CFTC) – This is a US-based regulatory agency that monitors and regulates the futures and options markets, including forex trading.
Financial Conduct Authority (FCA) – The FCA is a UK-based regulatory body that oversees and regulates financial markets and firms, including forex brokers and traders.
Australian Securities and Investments Commission (ASIC) – This is an Australian regulatory body that regulates financial markets and firms, including forex trading.
Swiss Financial Market Supervisory Authority (FINMA) – FINMA is a Swiss regulatory body that oversees and regulates financial markets and firms, including forex trading.
Cyprus Securities and Exchange Commission (CySEC) – CySEC is a regulatory agency in Cyprus that monitors and regulates financial markets and firms, including forex trading.
These are just a few of the top forex regulators around the world. It is important for forex traders to choose a broker that is regulated by a reputable regulatory body to ensure the safety of their investments.
