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Forex Broker Regulation Map (2026)

Regulation is the single most important factor when choosing a forex broker. We mapped every regulatory license across 335 active brokers to show which authorities oversee the industry and where the highest concentration of licensed brokers operates.

Regulators Tracked

79

Total Licenses

539

Regulated Brokers

335

Most Common

FCA

78 brokers

Key Findings

  • FCA (United Kingdom) regulates the most brokers in our database with 78 licensed entities.
  • Across all brokers, there are 539 total regulatory licenses — many brokers hold multiple licenses across jurisdictions.
  • 229 broker-regulator relationships are with Tier 1 regulators (FCA, ASIC, SEC, CFTC, MAS, FINMA, BaFin), indicating strong investor protection standards.
  • The average broker holds 1.6 regulatory licenses, reflecting the multi-jurisdictional nature of forex trading.

Regulators by Number of Licensed Brokers

#RegulatorCountryBrokersExample Brokers
1FCATier 1United Kingdom78ActivTrades, Admiral Markets, Aetos Capital +75 more
2ASICTier 1Australia54ACY Securities, Admiral Markets, Aetos Capital +51 more
3CySECCyprus51ActivTrades, Admiral Markets, BDSwiss +48 more
4FSAJapan37Alpari, Amarkets, Axiory +34 more
5SECTier 1United States37Acorns, Ally Invest, Avenue Securities +34 more
6MASTier 1Singapore26AvaTrade, CIMB Securities, City Index +23 more
7FSCASouth Africa19Absa Stockbrokers, ACM Gold, CM Trading +16 more
8SEBIIndia195paisa, Angel One, Axis Securities +16 more
9FSCMauritius15Bithumb, Deriv, ForTrade +12 more
10CFTCTier 1United States13Charles Schwab, E*TRADE, Fidelity +10 more
11BaFinTier 1Germany10BUX, Comdirect, Commerzbank Brokerage +7 more
12DFSAUAE (Dubai)9Amana Capital, Baraka, EFG Hermes +6 more
13CVMUnknown8Avenue Securities, Banco Inter Invest, BTG Pactual Digital +5 more
14CMAKenya6Al Rajhi Capital, Deriv, FxPesa +3 more
15FinansinspektionenUnknown6Avanza, Handelsbanken Markets, Nordea Investor +3 more
16FMANew Zealand6ASB Securities, Bybit, Erste Bank Securities +3 more
17CIROUnknown5ForTrade, OANDA, Qtrade +2 more
18ConsobUnknown5Banca Mediolanum, Directa SIM, Fineco Bank +2 more
19FinanstilsynetUnknown5Danske Bank Invest, DNB Markets, Firi +2 more
20SFCTier 1Hong Kong5CryptoMKT, HSBC InvestDirect, Longbridge +2 more
21FINRAUnknown5Avenue Securities, Cash App Investing, J.P. Morgan Self-Directed +2 more
22JSEUnknown5Absa Stockbrokers, FNB Share Investing, Nedbank Share Investing +2 more
23SCAUnknown5Al Ramz Capital, Bybit, Daman Securities +2 more
24FinCENUnknown4BitMart, CoinW, LBank +1 more
25IIROCTier 1Canada4BMO InvestorLine, CIBC Investor's Edge, National Bank Direct Brokerage +1 more
26CIPFUnknown4BMO InvestorLine, CIBC Investor's Edge, National Bank Direct Brokerage +1 more
27BACENUnknown3BTG Pactual Digital, Foxbit, Mercado Bitcoin
28AMFFrance3Bourse Direct, Boursorama, Fortuneo
29Banca d'ItaliaUnknown3Banca Mediolanum, Directa SIM, Fineco Bank
30SCUnknown3CIMB Securities, Maybank Investment, Rakuten Trade
31CIMACayman Islands3Deriv, Tradeview, Vantage Markets
32AFMUnknown3BUX, ING Beleggen, LYNX Broker
33FIUUnknown3CoinDCX, CoinSwitch, WazirX
34SSCUnknown3SSI Securities, VNDIRECT, VPS Securities
35OJKIndonesia3BNI Sekuritas, Mandiri Sekuritas, Mirae Asset Sekuritas
36CNMVSpain3Renta 4, Santander Broker, Self Bank
37KNFUnknown3mBank, OANDA, PKO BP Brokerage
38CMBUnknown3Garanti Yatırım, İş Yatırım, Yapı Kredi Yatırım
39CBRUnknown3Sber Investments, Tinkoff Investments, VTB My Investments
40BVI FSCUnknown3Deriv, InstaForex, OANDA
41FSRAUnknown2BTSE, Equiti
42UnregulatedUnknown2Deribit, dYdX
43CNVUnknown2Ripio, Ualá
44IFSCBelize2FXChoice, Headway
45ACPRUnknown2Bourse Direct, Fortuneo
46CMFUnknown2Buda.com, CryptoMKT
47CNBVUnknown2Bitso MX, Ualá
48Banco de EspañaUnknown2Santander Broker, Self Bank
49FinanssivalvontaUnknown2Nordea Investor, OP Markets
50FinantsinspektsioonUnknown2LHV, Luminor Invest
51FINMATier 1Switzerland2PostFinance, StocksApp
52EFSAUnknown2EFG Hermes, HC Securities
53SEC NigeriaUnknown2Coronation Securities, Stanbic IBTC
54HCMCUnknown2Alpha Finance, Piraeus Bank Securities
55FSBUnknown2Old Mutual Securities, Sanlam iTrade
56VFSCVanuatu2Deriv, Fusion Markets
57SCBBahamas1TradeZero
58FSMAUnknown1Keytrade Bank
59NBBUnknown1Keytrade Bank
60BNMUnknown1Maybank Investment
61BoGUnknown1Chipper Cash
62DNBUnknown1ING Beleggen
63FSPUnknown1Yellow Card
64ADXUnknown1Al Ramz Capital
65CNBUnknown1Erste Bank Securities
66FKTKUnknown1Luminor Invest
67Lietuvos bankasUnknown1Luminor Invest
68CBNNigeria1Stanbic IBTC
69SC MalaysiaUnknown1RHB Securities
70ISAUnknown1Bank Hapoalim Brokerage
71SECPUnknown1JS Securities
72ECBUnknown1Piraeus Bank Securities
73BCBUnknown1Banco Inter Invest
74ANBIMAUnknown1Clear Corretora
75CMA KuwaitUnknown1NBK Capital
76AFSAUnknown1Halyk Invest
77SolarisbankUnknown1Vivid Money
78MFSAMalta1Deriv
79Labuan FSAUnknown1Deriv

Showing 79 regulators across 335 active brokers. Sorted by number of licensed brokers (descending).

Understanding Regulation Tiers

Tier 1 — Strictest Oversight

Regulators like the FCA (UK), ASIC (Australia), SEC/CFTC (US), MAS (Singapore), and FINMA (Switzerland) enforce the highest capital requirements, mandate segregated client funds, provide compensation schemes, and conduct regular audits. Trading with a Tier 1 regulated broker offers the strongest investor protection.

Tier 2 — Reputable Oversight

Regulators such as CySEC (Cyprus), DFSA (Dubai), and FSCA (South Africa) maintain solid standards with client fund protections and dispute resolution mechanisms. They are widely regarded as trustworthy but may have fewer enforcement resources.

Tier 3 — Offshore / Minimal

Offshore regulators (SVG, VFSC, IFSC, SCB) provide basic registration but limited investor protection. Brokers regulated only by offshore authorities may offer higher leverage but come with increased counterparty risk.

Methodology

Regulatory data is sourced from each broker's official website, verified against public regulator registries where available. We record every active license a broker holds, which is why the total license count exceeds the number of brokers — many firms maintain licenses in multiple jurisdictions.

For details on how regulation affects our broker scoring, see our ranking methodology.

Related Data & Rankings

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Frequently Asked Questions

1

What is a Tier 1 forex regulator?

Tier 1 regulators are the most trusted financial authorities worldwide, including FCA (UK), ASIC (Australia), SEC/CFTC (US), MAS (Singapore), and FINMA (Switzerland). They enforce strict capital requirements, mandate segregated client funds, provide investor compensation schemes, and conduct regular audits.

2

Is it safe to trade with an offshore-regulated broker?

Offshore regulators (SVG, VFSC, IFSC, SCB) provide basic registration but limited investor protection. While some offshore brokers operate legitimately, the lack of strict oversight means higher counterparty risk. We recommend choosing brokers with at least one Tier 1 or Tier 2 license.

3

Why do brokers hold multiple regulatory licenses?

Brokers obtain licenses in multiple jurisdictions to serve clients worldwide legally. A broker regulated by both FCA and ASIC, for example, can accept clients from the UK and Australia under local investor protection rules. Multiple licenses generally indicate a more established, trustworthy operation.

4

How can I verify a broker's regulatory status?

Visit the regulator's official website and search their public register. For example, check the FCA Register (register.fca.org.uk), ASIC's professional register, or CySEC's regulated entities list. Always verify the specific entity name and license number — not just the brand name.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk. Regulation does not eliminate the risk of financial loss. The presence of a regulatory license does not constitute an endorsement. Always conduct your own due diligence before choosing a broker or making investment decisions.