Here is our list of top regulated forex brokers.
Broker | Features | Broker Reviews | Visit |
 | * 1:1000 leverage * 210+ instruments * $15 min. deposit * CySEC | ||
 | * 1:1000 leverage * 1200+ instruments * $50 min. deposit * CySEC | ||
 | * 1:1000 leverage * 950+ instruments * Copy trading | ||
 | * Low deposit | ||
 | * Crypto trading * CySEC, FSA, FSC | ||
 | * 1:500 leverage * 10,000+ instruments * $200 min. deposit * CySEC | ||
 | * 1:1000 leverage | ||
 | * 1:500 leverage * FSCA | ||
 | *1:500 leverage | ||
 | * 1:400 leverage | ||
 | * 1:500 leverage * $100 min deposit * Crypto trading * CySEC | ||
 | * Crypto trading * SVG | ||
 | * 1:500 leverage * 300+ instruments * $50 min. deposit * VFSC | ||
 | * 1:500 leverage * 80+ instruments * $200 min. deposit * CySEC | ||
 | * 1:500 leverage * 1000+ instruments * $200 min. deposit * CySEC, FCA, ASIC | ||
 | * 1:1000 leverage * 130+ instruments * $5 min. deposit * CySEC |
Why Use A Licensed Forex Broker?
If you want to trade forex then you will need to open a trading account and deposit funds. That means you need to pick a forex broker that you can trust to take care of your money and to give it back when you ask. The easiest way to find a trustworthy broker is to look for forex brokers with licences. Here’s why.
- Client fund safety – Licensed forex brokers always keep clients’ funds in separate accounts at top tier banks. They also offer other forms of client fund safety including negative balance protection, investor compensation schemes, and encrypted transactions.
- Business Ethics and Fair Practices – Licensed forex brokers are required to follow certain rules and regulations, as set out by their regulators. This ensures that forex brokers are required to ensure fair financial treatment and act ethically towards their clients.
- High Quality Trading Services – Licensed forex brokers are also required to meet certain service requirements and standards. This ensures that their clients get a high quality service with fast trade executions, reasonable pricing, no hidden fees, and transparency regarding their operational status.
- Deposit Insurance (Compensation Schemes) – Many licensed forex brokers take part in deposit protection programs. These programs are designed to protect clients and to compensate them if their forex brokers go out of business for a number of reasons. For example, the ICF and FSCS reimburse the clients up to €20000.
How To Choose A Forex Broker
- Regulation – The best brokers have licences from a reputable regulatory body. They are usually regulated by organisations such as the FCA (in the UK), CySEC (in Cyprus), the FSA (in Japan), ASIC (in Australia), or the MFSA (in Malta).
- Trading Conditions – The top forex brokers in Nigeria offer you a great selection of trading instruments. Look for brokers that also offer you the opportunity to trade with high leverage, low commissions, and fats trade execution.
- Minimum Deposits – The best forex brokers offer at least one low-cost account type. Look for brokers with an affordable minimum deposit, tight spreads, and with a wide selection of payment methods.
- Trading Support – The top forex brokers offer free market analysis, as well as trading tools such as economic calendars and pip calculators. Look for a broker that also offers access to advanced tools such as EAs and chart indicators..
- Forex Education – The top licensed brokers ensure you have all the educational resources you need to become a trader. They usually offer access to trading courses, educational videos, and forex guides, and forex webinars.
To find out more about the best forex brokers with licences, check out our forex broker reviews. To find out which brokers are offering the best promotions, take a look at our blog.