NFA/CFTC(USA) - http://www.nfa.futures.org, very safe, but leverage is maximum 50:1 for majors and lower for other pairs. US residents, note that if your net assets are under $10m you're not allowed to open an account outside of the US, this is part of a recent CFTC rule.
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
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0.70 pips per trade | $300.00 |
0.1 lot | 200:1 | 2.6 pips | Credit/Debit Card, Bank Wire, Paper Cheque | Demo account:demo FPA review of FXCM |
0.50 pips per trade |
$1.00 | 0.001 lot | 400:1 | 2.1 pips | Wire Transfer, Credit/Debit Card, Cheque | Demo account:demo FPA review of IBFX |
|
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0.70 pips with AAAFX and 0.3 pips with other brokers | Varies | Varies | As high as 500:1 | Vary depending on broker | varies | Demo account: demo |
0.7 pips rebate per round turn lot | $250.00 |
0.01 lot | 200:1 | 2 pips | Credit/Debit Card, Wire Transfer, PayPal, ClickAndBuy | Demo account:Demo |
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0.75 pips per trade or 30% | $200.00 | 0.01 | 50:1 | MoneyBookers, Wire, Credit Card, Check | Demo account: demo FPA review of FxClub |
FSA(UK) - Brokers from the UK offer leverage up to 500:1 and they're regulated by the FSA www.fsa.gov.uk. The compensation scheme in case of default covers you up to GBP 50,000. The FSA compensation scheme offers one of the highest compensation schemes by a financial regulator(applicable to forex brokers). Read more about the compensation scheme and UK brokers here
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
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$2 on Majors, $4 on Minors, $8 on Exotics |
$500.00 | 0.1 lots | 500:1 | 1.4 pips | Credit Card, Neteller, Bank Wire, PayPal, Moneybookers | Demo account:demo FPA review of FxPRO |
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0.75 pips per trade | $300.00 |
0.1 lot | 200:1 | 2.6 pips | Credit/Debit Card, Bank Wire, Paper Cheque | Demo account:demo FPA review of FXCM |
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0.25 Pip rebate | $200.00 | 0.01 | 500:1 | 1.6 pips | Bank Wire, Credit Card | Demo account: MT4 demo |
CySEC(Cyprus)(http://www.cysec.gov.cy) make sure brokers in Cyprus are regulated by CySEC, which gets you coverage of 20,000 EUR in case of bankruptcy. FX brokers in Cyprus offer higher leverage - up to 500:1. More about CySEC regulation and brokers
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
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0.80 pips per trade | $500.00 | 0.05 lots | 500:1 | 2 pips | Wire, MoneyBookers, PayPal, Credit/Debit Card | Demo account:demo |
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$2 on Majors, $4 on Minors, $8 on Exotics |
$500.00 | 0.1 lots | 500:1 | 1.4 pips | Credit Card, Neteller, Bank Wire, PayPal, Moneybookers | Demo account:demo FPA review of FxPRO |
0.50 pips | $500.00 | 0.01 lot | 200:1 | 1 pip variable | Credit/Debit, Bank Wire, Neteller, MoneyBookers and Union-Pay | Demo account: demo |
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Major pairs : $3/rtl Minor pairs: $6/rtl Exotic pairs: $6/rtl |
$500.00 | 0.01 lot | 500:1 | 1.1 | Bank transfer, credit cards, Moneybookers and Neteller | Demo account: |
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0.5 pips per trade | $5.00 | 0.01 lot | 500:1 | 1.9 pips | Credit Card, Wire Transfer, MoneyBookers, Neteller, | Demo account: demo FPA review of XEMarkets |
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$ 5 per standrd round turn lot(standard acct.) | $100.00 | 0.01 lot | 500:1 | 2 pips | Credit/Debit Card, Wire Transfer, E-Wallet | Demo account: demo |
ASIC(Australia) http://www.asic.gov.au/asic/asic.nsf, the Australian regulator basically makes sure that your broker is solvent and has rules in place to prevent scam brokers from operating in Australia. There is no coverage in case of bankruptcy. The brokers in Australia offer high leverage up to 400:1
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
0.50 pips per trade |
$1.00 | 0.001 lot | 400:1 | 2.1 pips | Wire Transfer, Credit/Debit Card, Cheque | Demo account:demo FPA review of IBFX |
|
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0.30 pips Standard AUD0.75 Razor |
$200.00 | 0.01 lots | 200:1 | 1.8 | Bank Wire, Credit card | Demo account:demo FPA review of Pepperstone |
0.30 pips | AU200.00 | 0.01 lot | 400:1 | 1.4 pips | Credit card, bank wire, B-Pay, check | Demo Account:demo |
|
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0.70 pips per trade or 10% of commissions | $1.00 | 0.001 lot | 500:1 | 2 pips | MoneyBookers, Payoneer, UnionPay, WebMoney, Liberty Reserve, Bank wire, Perfect Money | Demo account: demo |
FINMA(Switzerland)(http://www.finma.ch/e) - The Swiss Regulator recently implemented a new rule - Directive 3a, companies holding customer funds in trading accounts must get a banking license issued by the Swiss Financial Market Supervisory Authority which is a pretty tough one to get. As a bank operating in Switzerland investors can feel confident that their money will be safe.
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
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40% rebate of commissions paid | $5000.00 | 0.01 lot | 100:1 | 1 pip variable | Credit/Debit Card, Wire Transfer | Demo account: Demo |
HCMC(Greece) http://www.hcmc.gr - "Helenic Capital Market Commission", one of two greek financial regulators(the other one being the Greek Central Bank). The HCMC oversees financial activity in Greece(a member of the EU), abiding by the MiFID directive. The regulator is responsible for compliance with rules of capital market law. The HCMC is funded by fees by the participants. There is an investor compensation fund which covers all forex brokers regulated by the HCMC, the coverage available to affected individuals is a maximum of EUR 30,000.
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
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0.70 pips per trade | $300.00 | 0.01 lots | 200:1 | 1.9 pips | Deposit Methods: Credit/Debit Card, Bank wire | Demo account: demo FPA review of AAAFX |
FSC(BVI) http://www.bvifsc.vg/ - The Financial Services Commission of BVI is the territory's single financial services regulator. As such forex brokers operating from the BVI should be regulated by the Commission. There is no investor compensation fund as many other regulators have, but the FSC has strict rules in place including segregation of customer funds. Under SIBA(The Securities and Investment Business Act, 2010) regulation, the FSC augments the BVI’s regulatory regime to ensure it complies with best international practices and implements standards laid down by the International Monetary Fund (“IMF”) and the International Organization of Securities Commissions (“IOSCO”).
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
0.40 pips rebate | $100.00 | 0.01 | 400:1 | 2 pips | Credit/Debit Card, Bank Wire, MoneyBookers, Paynova | Demo account: demo |
FSC(Mauritius) http://www.fscmauritius.org/ - The Financial Services Commission of Mauritius is the regulator for the financial services sector in Mauritius excluding banking. The FSC licenses, regulates, monitors and supervises the conduct of business activities in the non-banking financial services sector. The FSC does not provide an investor compensation fund, but it supervises registrants very closely
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
$4.00 per round turn lot | $25.00 | 0.01 | 500:1 | 1.6 pips | Bank Wire, Credit Card, WebMoney, MoneyBookers, Netteller, LibertyReserve, PerfectMoney, China UnionPay, AlertPay | Demo account: demo |
MFSA(Malta) http://www.mfsa.com.mt - FSA Malta regulates and supervises credit and financial institutions, investment, trusts and insurance businesses. It is the single regulator for financial services activities in Malta. FSA Malta offers investor compensation scheme, which covers up to EUR 20,000 in the event of financial company default.
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
0.7 pips rebate per round turn lot | $250.00 |
0.01 lot | 200:1 | 2 pips | Credit/Debit Card, Wire Transfer, PayPal, ClickAndBuy | Demo account:Demo |
BaFIN(Germany) - The Federal Financial Supervisory Authority of Germany is an independent federal institution tasked with supervising over 2700 banks, 800 financial institutions and over 700 insurance companies. As part of BaFIN a compensation scheme providing coverage of up to EUR 100,000 per investor is available. For more information about the compensation scheme click here(in German)
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
$1.50 per round turn lot | $1000.00 | 0.1 lot | 200:1 | 1 pip variable | Credit/Debit Card, Bank Wire, PayPal | Demo account: demo |
CBI(Central Bank Of Ireland) http://www.centralbank.ie - The Central Bank of Ireland regulates all financial entities under their Jurisdiction. There are several compensation schemes in place for various financial companies. For forex brokers(authorised investment firms) a compensation fund covering up to EUR 20,000 in the event of company default is available(read more about the investor compensation act of 1998).
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
0.7 pips per trade | $500.00 | 0.01 lot | 400:1 | 3 pips | Wire Transfer, Paypal, Moneybookers | Demo account: demo FPA review of AvaTrade |
BNB(Bulgarian National Bank) http://www.bnb.bg/?toLang=_EN - The Bulgarian National Bank regulates banks and financial institutions authorised to do business in Bulgaria(a member of the EU). Forex brokers regulated by BNB are covered by an Investor Compensation fund( http://www.sfund-bg.com/index.php?lang=2&pid=1&sid=0 ) which covers investors up to EUR 20,000 in the event of company default.
Broker |
Rebate Offer |
Min Deposit |
Min Trade Size |
Max Leverage |
EUR/USD |
Deposit Methods |
More Info |
---|---|---|---|---|---|---|---|
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0.7 pips or 15% of Commisions | $100.00 | 0.01 lot | 200:1 | 2.0 pips | Credit/Debit Card, Wire transfer, MoneyBookers | Demo account: demo |
There are plenty of brokers out there that are regulated, so don't take unnecessary risks. Plus you can earn rebates with reputable secure brokers through us, check out our selection here
Comments
That being said we will add the Canadian regulators to the list as we actually do work with one Canadian regulated brokerage - FXCM Canada. IIROC actually provides possibly the best coverage in the world, up to 5 million covered in case of broker default!
regulators to choose the safest broker on the market.
As far as I have seen this is the most serious comparison on the web even if it lacks of Canadian regulators.
If possible, I would gladly suggest you to improve the comparison including financial insurances like SIPC and FDIC ,if the regulators are applyed to non residents, and more information about NFA/CFTC bacause it's not clear what happens if the bank fails. Just my 2 cents , your blog is great
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