ForexLicenses
1Top-tier

Tier 1 regulated forex brokers

Strict capital, client-money and conduct rules with active enforcement; usually leverage caps and often compensation schemes.

Regulators in tier 1

FCAFinancial Conduct Authority🇬🇧 United Kingdom54 brokersASICAustralian Securities & Investments Commission🇦🇺 Australia50 brokersJFSAFinancial Services Agency of Japan🇯🇵 Japan40 brokersCFTC / NFACommodity Futures Trading Commission & National Futures Association🇺🇸 United States34 brokersMASMonetary Authority of Singapore🇸🇬 Singapore13 brokersBaFinFederal Financial Supervisory Authority🇩🇪 Germany9 brokersCIROCanadian Investment Regulatory Organization🇨🇦 Canada7 brokersFINMASwiss Financial Market Supervisory Authority🇨🇭 Switzerland5 brokersSFCSecurities and Futures Commission🇭🇰 Hong Kong3 brokersCBICentral Bank of Ireland🇮🇪 Ireland2 brokers

Brokers whose strongest licence is tier 1 151

Broker Licences on record Licence Score Actions
1 I IG Spread betting & CFD provider, since 1974 ASICBaFinCFTC / NFAFCAFINMAJFSA+5 93Very strong Licences Visit site
2 P Plus500 Forex & CFD broker, since 2008 ASICCFTC / NFAFCAMASCySECDFSA+4 92Very strong Licences Visit site
3 S Swissquote Trading bank, since 1996 FCAFINMAMASSFCCSSFDFSA+1 92Very strong Licences Visit site
4 FC FOREX.com Forex & CFD broker, since 2001 ASICCFTC / NFACIROFCAJFSAMAS+1 86Very strong Licences Visit site
5 CM CMC Markets Spread betting & CFD provider, since 1989 ASICBaFinCIROFCAMASFMA (NZ) 86Very strong Licences Visit site
6 S Saxo Trading bank, since 1992 ASICFCAFINMAJFSAMASSFC+2 84Very strong Licences Visit site
7 IB Interactive Brokers Multi-asset broker, since 1978 ASICCBICFTC / NFACIROFCAJFSA+2 83Very strong Licences Visit site
8 A AvaTrade Forex & CFD broker, since 2006 ASICCBIJFSAFSCAFSRA (ADGM)ISA+3 83Very strong Licences Visit site
9 O OANDA Forex & CFD broker, since 1996 ASICCFTC / NFACIROFCAJFSAMAS+2 82Very strong Licences Visit site
10 MG MultiBank Group Forex & CFD broker, since 2005 ASICBaFinMASCySECFMA (NZ)CIMA+1 80Very strong Licences Visit site
11 P Pepperstone Forex & CFD broker, since 2010 ASICBaFinFCACySECDFSACMA (Kenya)+1 78Strong Licences Visit site
12 A Admirals Forex & CFD broker, since 2001 ASICFCACySECEFSAFSCACMA (Kenya)+2 78Strong Licences Visit site
13 T ThinkMarkets Forex & CFD broker, since 2010 ASICFCAJFSACySECFSCACIMA 77Strong Licences Visit site
14 X XTB Multi-asset broker, since 2002 FCACySECDFSAFSCAKNFFSC (Belize) 75Strong Licences Visit site
15 E eToro Multi-asset broker, since 2007 ASICFCACySECFSA (Seychelles) 74Strong Licences Visit site
16 F FXCM Forex & CFD broker, since 1999 ASICFCACySECFSCA 72Strong Licences Visit site
17 T2 Trading 212 Multi-asset broker, since 2004 ASICFCACySECFSC (BG) 72Strong Licences Visit site
18 CI City Index Spread betting & CFD provider, since 1983 ASICFCAMAS 72Strong Licences Visit site
19 A Axi Forex & CFD broker, since 2007 ASICFCADFSAFMA (NZ) 71Strong Licences Visit site
20 F Fortrade Forex & CFD broker, since 2013 ASICCIROFCACySEC 71Strong Licences Visit site
21 M Marex Futures broker (FX futures), since 1987 CFTC / NFAFCA 71Strong Licences Visit site
22 X XM Forex & CFD broker, since 2009 ASICCySECDFSAFSCACMA (Kenya)FSA (Seychelles)+1 70Strong Licences Visit site
23 H HFM Forex & CFD broker, since 2010 FCACySECDFSAFSCACMA (Kenya)FSC (MU)+1 70Strong Licences Visit site
24 V Vantage Forex & CFD broker, since 2009 ASICFCAFSCACIMAVFSC 69Strong Licences Visit site
25 FM FP Markets Forex & CFD broker, since 2005 ASICCySECFSCACMA (Kenya)FSC (MU)FSA (Seychelles) 69Strong Licences Visit site
26 D Dukascopy Trading bank, since 2004 FINMAJFSABank of Latvia 69Strong Licences Visit site
27 E Eightcap Forex & CFD broker, since 2009 ASICFCACySECSCBFSA (Seychelles) 69Strong Licences Visit site
28 F FXOpen Forex & CFD broker, since 2005 ASICFCACySEC 69Strong Licences Visit site
29 EM EC Markets Forex & CFD broker, since 2011 ASICFCAFMA (NZ)FSCA 69Strong Licences Visit site
30 E Exness Forex & CFD broker, since 2008 FCACySECFSCACMA (Kenya)FSC (MU)JSC+3 68Strong Licences Visit site
31 F FxPro Forex & CFD broker, since 2006 FCACySECFSCASCBFSA (Seychelles) 68Strong Licences Visit site
32 T Tickmill Forex & CFD broker, since 2014 FCACySECDFSAFSCALabuan FSAFSA (Seychelles) 67Strong Licences Visit site
33 CC Capital.com Forex & CFD broker, since 2016 ASICFCACySECCMA (Kenya)SCBFSA (Seychelles) 67Strong Licences Visit site
34 HM Hantec Markets Forex & CFD broker, since 1990 ASICFCAFSC (MU) 67Strong Licences Visit site
35 TN Trade Nation Spread betting & CFD provider, since 2014 ASICFCAFSCASCBFSA (Seychelles) 67Strong Licences Visit site
36 H HYCM Forex & CFD broker, since 1977 FCACySECDFSACIMA 67Strong Licences Visit site
37 MC Markets.com Forex & CFD broker, since 2008 FCACySECFSCABVI FSC 66Strong Licences Visit site
38 A ATFX Forex & CFD broker, since 2014 FCACySECFSCASCAFSC (MU) 66Strong Licences Visit site
39 IM IC Markets Forex & CFD broker, since 2007 ASICCySECCMA (Kenya)SCBFSA (Seychelles) 65Strong Licences Visit site
40 GM GO Markets Forex & CFD broker, since 2006 ASICCySECFSC (MU)FSA (Seychelles) 65Strong Licences Visit site
41 F FXTM Forex & CFD broker, since 2011 FCACySECFSCACMA (Kenya)FSC (MU) 65Strong Licences Visit site
42 E easyMarkets Forex & CFD broker, since 2001 ASICCySECBVI FSCFSA (Seychelles) 65Strong Licences Visit site
43 E Equiti Forex & CFD broker, since 2008 FCASCACMA (Kenya)JSCFSA (Seychelles) 65Strong Licences Visit site
44 CS Charles Schwab Multi-asset broker, since 1971 CFTC / NFA 65Strong Licences Visit site
45 SF StoneX Financial (FCM) Futures broker (FX futures), since 1924 CFTC / NFA 65Strong Licences Visit site
46 F flatex Multi-asset broker, since 1999 BaFin 65Strong Licences Visit site
47 A ActivTrades Forex & CFD broker, since 2001 FCACMVMSCB 64Strong Licences Visit site
48 O OneRoyal Forex & CFD broker, since 2006 ASICCySECVFSC 64Strong Licences Visit site
49 I Infinox Forex & CFD broker, since 2009 FCAFSCAFSC (MU)SCB 63Strong Licences Visit site
50 T Trive Forex & CFD broker, since 2012 ASICFSCAMFSA 63Strong Licences Visit site
51 XC XS.com Forex & CFD broker, since 2010 ASICCySECLabuan FSAFSA (Seychelles) 63Strong Licences Visit site
52 OF One Financial Markets Forex & CFD broker, since 2004 FCAFSCA 63Strong Licences Visit site
53 F FBS Forex & CFD broker, since 2009 ASICCySECFSC (Belize) 62Strong Licences Visit site
54 M Mitrade Forex & CFD broker, since 2011 ASICCySECCIMAFSC (MU) 62Strong Licences Visit site
55 H Halifax Multi-asset broker, since 2008 ASICFMA (NZ) 62Strong Licences Visit site
56 IB INGOT Brokers Forex & CFD broker, since 2006 ASICCMA (Kenya)FSA (Seychelles) 62Strong Licences Visit site
57 TC Trade.com Multi-asset broker, since 2013 FCACySECFSCA 62Strong Licences Visit site
58 AS ACY Securities Forex & CFD broker, since 2011 ASICFSCAVFSC 61Moderate Licences Visit site
59 L LCG Spread betting & CFD provider, since 1996 FCASCB 61Moderate Licences Visit site
60 RF Robinhood Futures Futures broker (FX futures), since 2013 CFTC / NFA 61Moderate Licences Visit site
61 LG LMAX Global Forex & CFD broker, since 2010 FCACySEC 61Moderate Licences Visit site
62 S Spreadex Spread betting & CFD provider, since 1999 FCA 60Moderate Licences Visit site
63 D Darwinex Forex & CFD broker, since 2012 FCACNMV 60Moderate Licences Visit site
64 GP Global Prime Forex & CFD broker, since 2010 ASICFSA (Seychelles)VFSC 60Moderate Licences Visit site
65 FD Friedberg Direct Forex & CFD broker, since 1971 CIRO 60Moderate Licences Visit site
66 GC GMO Click Securities Forex & CFD broker, since 2005 JFSA 60Moderate Licences Visit site
67 DC DMM.com Securities Forex & CFD broker, since 2006 JFSA 60Moderate Licences Visit site
68 GC Gaitame.com Forex & CFD broker, since 1999 JFSA 60Moderate Licences Visit site
69 HT Hirose Tusyo Forex & CFD broker, since 2004 JFSA 60Moderate Licences Visit site
70 TS Traders Securities Forex & CFD broker, since 2006 JFSA 60Moderate Licences Visit site
71 MP Money Partners Forex & CFD broker, since 2005 JFSA 60Moderate Licences Visit site
72 MS Matsui Securities Multi-asset broker, since 1918 JFSA 60Moderate Licences Visit site
73 MI Monex Inc. Multi-asset broker, since 1999 JFSA 60Moderate Licences Visit site
74 RS Rakuten Securities Multi-asset broker, since 1999 JFSA 60Moderate Licences Visit site
75 OO Okasan Online Multi-asset broker, since 2002 JFSA 60Moderate Licences Visit site
76 FB FXPRIME by GMO Forex & CFD broker, since 2004 JFSA 60Moderate Licences Visit site
77 MU Mitsubishi UFJ eSmart Securities Multi-asset broker, since 1999 JFSA 60Moderate Licences Visit site
78 IS Invast Securities Forex & CFD broker, since 1960 JFSA 60Moderate Licences Visit site
79 SS SBI Securities Multi-asset broker, since 1944 JFSA 60Moderate Licences Visit site
80 N NinjaTrader Futures broker (FX futures), since 2003 CFTC / NFA 60Moderate Licences Visit site
81 EF EBC Financial Group Forex & CFD broker, since 2020 ASICFCACIMA 60Moderate Licences Visit site
82 A ADSS Forex & CFD broker, since 2011 FCASCA 60Moderate Licences Visit site
83 F FXFlat Forex & CFD broker, since 2004 BaFin 60Moderate Licences Visit site
84 Q Questrade Multi-asset broker, since 1999 CIRO 60Moderate Licences Visit site
85 AF AMP Futures Futures broker (FX futures), since 1994 CFTC / NFA 60Moderate Licences Visit site
86 OF Optimus Futures Futures broker (FX futures), since 2004 CFTC / NFA 60Moderate Licences Visit site
87 T TradeStation Futures broker (FX futures), since 1982 CFTC / NFA 60Moderate Licences Visit site
88 I Ironbeam Futures broker (FX futures), since 2003 CFTC / NFA 60Moderate Licences Visit site
89 CT Cannon Trading Futures broker (FX futures), since 1988 CFTC / NFA 60Moderate Licences Visit site
90 DT Dorman Trading Futures broker (FX futures), since 1990 CFTC / NFA 60Moderate Licences Visit site
91 WF Wedbush Futures Futures broker (FX futures), since 1955 CFTC / NFA 60Moderate Licences Visit site
92 PC Phillip Capital Inc. Futures broker (FX futures), since 1975 CFTC / NFA 60Moderate Licences Visit site
93 EF E*TRADE Futures Futures broker (FX futures), since 1982 CFTC / NFA 60Moderate Licences Visit site
94 AF Advantage Futures Futures broker (FX futures), since 1997 CFTC / NFA 60Moderate Licences Visit site
95 RF RJO Futures Futures broker (FX futures), since 1914 CFTC / NFA 60Moderate Licences Visit site
96 AI ADM Investor Services Futures broker (FX futures), since 1916 CFTC / NFA 60Moderate Licences Visit site
97 PS Phillip Securities Multi-asset broker, since 1975 MAS 60Moderate Licences Visit site
98 JC JFX Corporation Forex & CFD broker, since 2006 JFSA 60Moderate Licences Visit site
99 UH Ueda Harlow Forex & CFD broker, since 1918 JFSA 60Moderate Licences Visit site
100 SB Sony Bank Trading bank, since 2001 JFSA 60Moderate Licences Visit site
101 HS Himawari Securities Forex & CFD broker, since 1911 JFSA 60Moderate Licences Visit site
102 MS Money Square Forex & CFD broker, since 2002 JFSA 60Moderate Licences Visit site
103 AS Aizawa Securities Multi-asset broker, since 1918 JFSA 60Moderate Licences Visit site
104 KF Kanetsu FX Securities Forex & CFD broker, since 1991 JFSA 60Moderate Licences Visit site
105 DS Daiwa Securities Multi-asset broker, since 1902 JFSA 60Moderate Licences Visit site
106 DT Discount Trading Futures broker (FX futures), since 1998 CFTC / NFA 60Moderate Licences Visit site
107 GT Generic Trade Futures broker (FX futures), since 2006 CFTC / NFA 60Moderate Licences Visit site
108 ZG Zaner Group Futures broker (FX futures), since 1981 CFTC / NFA 60Moderate Licences Visit site
109 SF Straits Financial Futures broker (FX futures), since 2005 CFTC / NFA 60Moderate Licences Visit site
110 C comdirect Trading bank, since 1994 BaFin 60Moderate Licences Visit site
111 C Consorsbank Trading bank, since 1994 BaFin 60Moderate Licences Visit site
112 AM Accendo Markets Spread betting & CFD provider, since 2004 FCA 60Moderate Licences Visit site
113 AC AETOS Capital Group Forex & CFD broker, since 2007 ASICVFSC 60Moderate Licences Visit site
114 UK UOB Kay Hian Multi-asset broker, since 1985 MAS 60Moderate Licences Visit site
115 CI CGS International Multi-asset broker, since 1994 MAS 60Moderate Licences Visit site
116 FS Fujitomi Securities Forex & CFD broker, since 1952 JFSA 60Moderate Licences Visit site
117 NS Nissan Securities Multi-asset broker, since 1948 JFSA 60Moderate Licences Visit site
118 SN SMBC Nikko Securities Multi-asset broker, since 1918 JFSA 60Moderate Licences Visit site
119 SF Sucden Financial Futures broker (FX futures), since 1973 FCA 60Moderate Licences Visit site
120 N Nadex Futures broker (FX futures), since 2004 CFTC / NFA 60Moderate Licences
121 VM VT Markets Forex & CFD broker, since 2015 ASICFSCAFSC (MU) 59Moderate Licences Visit site
122 KT Key To Markets Forex & CFD broker, since 2010 FCAFSC (MU) 59Moderate Licences Visit site
123 CT Central Tanshi FX Forex & CFD broker, since 2007 JFSA 59Moderate Licences Visit site
124 IC ICM Capital Forex & CFD broker, since 2009 FCAFSA (Seychelles) 59Moderate Licences Visit site
125 GO Gaitame Online Forex & CFD broker, since 2007 JFSA 59Moderate Licences Visit site
126 AJ au Jibun Bank Trading bank, since 2008 JFSA 59Moderate Licences Visit site
127 SS SBI Sumishin Net Bank Trading bank, since 2007 JFSA 59Moderate Licences Visit site
128 WF Webull Futures Futures broker (FX futures), since 2017 CFTC / NFA 59Moderate Licences Visit site
129 FT FX Trade Financial Forex & CFD broker, since 2008 JFSA 59Moderate Licences Visit site
130 T TMGM Forex & CFD broker, since 2013 ASICFSC (MU)VFSC 58Moderate Licences Visit site
131 E EdgeClear Futures broker (FX futures), since 2009 CFTC / NFA 58Moderate Licences Visit site
132 C CapTrader Multi-asset broker, since 2009 BaFin 58Moderate Licences Visit site
133 SF SBI FX Trade Forex & CFD broker, since 2011 JFSA 57Moderate Licences Visit site
134 IG Invast Global Multi-asset broker, since 2011 ASIC 57Moderate Licences Visit site
135 FC FXTRADING.com Forex & CFD broker, since 2014 ASICVFSC 57Moderate Licences Visit site
136 S5 Stage 5 Trading Futures broker (FX futures), since 2012 CFTC / NFA 57Moderate Licences Visit site
137 CI Capital Index Forex & CFD broker, since 2014 FCASCB 57Moderate Licences Visit site
138 FM Fusion Markets Forex & CFD broker, since 2017 ASICFSA (Seychelles)VFSC 56Moderate Licences Visit site
139 BM Blueberry Markets Forex & CFD broker, since 2016 ASICVFSC 56Moderate Licences Visit site
140 RS Rakuten Securities Australia Forex & CFD broker, since 2014 ASIC 56Moderate Licences Visit site
141 T Tradovate Futures broker (FX futures), since 2014 CFTC / NFA 56Moderate Licences Visit site
142 PS PayPay Securities Multi-asset broker, since 2013 JFSA 56Moderate Licences Visit site
143 T Tradu Multi-asset broker, since 2023 FCACySECFSA (Seychelles) 55Moderate Licences Visit site
144 C Cornèrtrader Trading bank, since 2016 FINMA 55Moderate Licences Visit site
145 Z ZFX Forex & CFD broker, since 2017 FCAFSA (Seychelles) 55Moderate Licences Visit site
146 OS OX Securities Forex & CFD broker, since 2016 ASIC 55Moderate Licences Visit site
147 T Taurex Forex & CFD broker, since 2017 FCA 54Moderate Licences Visit site
148 T tastytrade Futures broker (FX futures), since 2017 CFTC / NFA 54Moderate Licences Visit site
149 PM Prospero Markets Forex & CFD broker, since 2019 ASIC 53Moderate Licences Visit site
150 T tastyfx Forex & CFD broker, since 2021 CFTC / NFA 52Moderate Licences Visit site
151 PU Plus500 US Futures broker (FX futures), since 2021 CFTC / NFA 52Moderate Licences Visit site

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.