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MFSA regulated forex brokers

Malta Financial Services Authority · 🇲🇹 Malta

The Malta Financial Services Authority (MFSA) is the financial regulator for Malta, established in 2002. ForexLicenses.com classifies it as tier 2 (strong regulation). We currently match 6 brokers in our database to an MFSA licence.

Malta's single financial regulator authorises MiFID investment firms that frequently serve as EU entry points for international broker groups, including the European arms of OANDA and Deriv. Maltese investment firms are covered by the national Investor Compensation Scheme, and disputes can be brought to the Arbiter for Financial Services, which issues binding decisions free of charge to consumers.

Key rules for retail clients

Tier
Tier 2 — Strong regulation
Compensation
Investor Compensation Scheme — 90% of loss up to €20,000
Leverage
30:1 on major FX pairs (ESMA rules)
Negative balance protection
Required for retail clients
Client money
MiFID II client asset rules
Complaints
Office of the Arbiter for Financial Services

Brokers licensed by the MFSA 6

Broker Licences on record Licence Score Actions
1 S Swissquote Trading bank, since 1996 FCAFINMAMASSFCCSSFDFSA+1 92Very strong Licences Visit site
2 O OANDA Forex & CFD broker, since 1996 ASICCFTC / NFACIROFCAJFSAMAS+2 82Very strong Licences Visit site
3 T Trive Forex & CFD broker, since 2012 ASICFSCAMFSA 63Strong Licences Visit site
4 D Deriv Forex & CFD broker, since 1999 MFSALabuan FSABVI FSCVFSC 51Moderate Licences Visit site
5 E Exante Multi-asset broker, since 2011 CySECMFSA 48Moderate Licences Visit site
6 AM Alchemy Markets Forex & CFD broker, since 2014 MFSA 44Weak Licences Visit site

Frequently asked questions

How do I check if a broker is MFSA regulated?

Search the firm's name or licence number on the MFSA official register (https://www.mfsa.mt/financial-services-register/), confirm the status is current and that the website domain you're using is listed, then check the MFSA warning list for clones.

Does the MFSA offer investor compensation?

Investor Compensation Scheme — 90% of loss up to €20,000

What leverage do MFSA-regulated brokers offer?

30:1 on major FX pairs (ESMA rules)

Is negative balance protection required by the MFSA?

Yes. Negative balance protection is required for retail clients of MFSA-regulated firms.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.