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Which financial regulators best protect traders in case of a broker bankruptcy

Every trader is faced with the important question - where to open a forex broker account? There are thousands of forex brokers operating from different countries. Most are regulated but some are not. In this article we review and compare financial regulators around the world. Below you will find brokers regulated by various financial regulators, and following each regualator you will find specific brokers you can open accounts with that are regulated by that broker and you can earn rebates through fxrebategurus

USANFA/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.

 

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Broker
Rebate Offer
Min Deposit
Min Trade Size
Max Leverage
EUR/USD
Deposit Methods
More Info
FXCM Logo0.70 pips per trade

$300.00

0.1 lot200:12.6 pipsCredit/Debit Card, Bank Wire, Paper ChequeDemo account:demo
FPA review of FXCM

IBFX logo

0.50 pips per trade

$1.000.001 lot400:12.1 pipsWire Transfer, Credit/Debit Card, ChequeDemo account:demo
FPA review of IBFX
Zulutrade Logo0.70 pips with AAAFX and 0.3 pips with other brokersVariesVariesAs high as 500:1Vary depending on brokervaries

Demo account: demo
FPA review of Zulutrade

FXDD Logo

0.7 pips rebate per round turn lot

$250.00

0.01 lot200:12 pipsCredit/Debit Card, Wire Transfer, PayPal, ClickAndBuy

Demo account:Demo
FPA review of FXDD

FxClub usa logo0.75 pips per trade or 30%$200.000.0150:1  MoneyBookers, Wire, Credit Card, CheckDemo account: demo
FPA review of FxClub

UKFSA(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
FxPro Logo

$2 on Majors, $4 on Minors, $8 on Exotics

$500.00 0.1 lots500:11.4 pipsCredit Card, Neteller, Bank Wire, PayPal, MoneybookersDemo account:demo
FPA review of FxPRO
FXCM Logo0.75 pips per trade

$300.00

0.1 lot200:12.6 pipsCredit/Debit Card, Bank Wire, Paper ChequeDemo account:demo
FPA review of FXCM
Alpari UK Logo0.25 Pip rebate$200.000.01500:11.6 pipsBank Wire, Credit Card

Demo account: MT4 demo
FPA review of Alpari UK

 

CyprusCySEC(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
TadawulFX Logo0.80 pips per trade$500.000.05 lots500:12 pipsWire, MoneyBookers, PayPal, Credit/Debit Card

Demo account:demo
FPA Review of Liquid Markets

FxPro Logo

$2 on Majors, $4 on Minors, $8 on Exotics

$500.00 0.1 lots500:11.4 pipsCredit Card, Neteller, Bank Wire, PayPal, MoneybookersDemo account:demo
FPA review of FxPRO

FXCC logo

0.50 pips$500.000.01 lot200:11 pip variableCredit/Debit, Bank Wire, Neteller, MoneyBookers and Union-Pay

Demo account: demo
FPA Review of FXCC

IronFx logo

Major pairs : $3/rtl
Minor pairs: $6/rtl
Exotic pairs: $6/rtl
$500.00 0.01 lot500:11.1 Bank transfer, credit cards, Moneybookers and Neteller

Demo account:

Demo

FPA Review of IronFX

Trading-Point logo0.5 pips per trade$5.000.01 lot500:11.9 pipsCredit Card, Wire Transfer, MoneyBookers, Neteller,Demo account: demo
FPA review of XEMarkets
Windsor Brokers Logo$ 5 per standrd round turn lot(standard acct.)$100.000.01 lot500:12 pipsCredit/Debit Card, Wire Transfer, E-Wallet

Demo account: demo
FPA review of Windsor Brokers

 

 

 

AustraliaASIC(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

IBFX logo

0.50 pips per trade

$1.000.001 lot400:12.1 pipsWire Transfer, Credit/Debit Card, ChequeDemo account:demo
FPA review of IBFX
Pepperstone Logo

0.30 pips Standard

AUD0.75 Razor

$200.000.01 lots200:11.8Bank Wire, Credit cardDemo account:demo
FPA review of Pepperstone

AxiTrader logo

0.30 pipsAU200.000.01 lot400:11.4 pips Credit card, bank wire, B-Pay, check

Demo Account:demo
FPA Review of Axi Trader

FxOpen logo0.70 pips per trade or 10% of commissions$1.000.001 lot500:12 pipsMoneyBookers, Payoneer, UnionPay, WebMoney, Liberty Reserve, Bank wire, Perfect Money

Demo account: demo
FPA review of FxOpen


SwitzerlandFINMA(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

Dukascopy Logo
40% rebate of commissions paid$5000.000.01 lot100:1 1 pip variableCredit/Debit Card, Wire Transfer

Demo account: Demo
FPA review of Dukascopy

GreeceHCMC(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
AAAFX Logo0.70 pips per trade$300.00 0.01 lots200:11.9 pipsDeposit Methods: Credit/Debit Card, Bank wireDemo account: demo
FPA review of AAAFX


BVIFSC(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

Gallant Capital Markets logo

0.40 pips rebate$100.000.01400:12 pipsCredit/Debit Card, Bank Wire, MoneyBookers, Paynova

Demo account: demo

FPA review of Gallant



MauritiusFSC(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

HotForex Logo

$4.00 per round turn lot$25.000.01500:11.6 pipsBank Wire, Credit Card, WebMoney, MoneyBookers, Netteller, LibertyReserve, PerfectMoney, China UnionPay, AlertPayDemo account: demo

FPA review of HotForex



MaltaMFSA(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

FXDD Logo

0.7 pips rebate per round turn lot

$250.00

0.01 lot200:12 pipsCredit/Debit Card, Wire Transfer, PayPal, ClickAndBuy

Demo account:Demo
FPA review of FXDD


GermanyBaFIN(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

Varengold Logo

$1.50 per round turn lot$1000.00 0.1 lot200:11 pip variable Credit/Debit Card, Bank Wire, PayPal

Demo account: demo
FPA Review of Varengold

IrelandCBI(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

AvaFX logo

0.7 pips per trade$500.000.01 lot400:13 pipsWire Transfer, Paypal, MoneybookersDemo account: demo
FPA review of AvaTrade


BulgariaBNB(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
Deltastock Logo0.7 pips or 15% of Commisions$100.000.01 lot200:12.0 pipsCredit/Debit Card, Wire transfer, MoneyBookers

Demo account: demo
FPA review of Deltastock

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 



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