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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 340 active brokers to show which authorities oversee the industry and where the highest concentration of licensed brokers operates.

Regulators Tracked

74

Total Licenses

526

Regulated Brokers

340

Most Common

FCA

80 brokers

Key Findings

  • FCA (United Kingdom) regulates the most brokers in our database with 80 licensed entities.
  • Across all brokers, there are 526 total regulatory licenses — many brokers hold multiple licenses across jurisdictions.
  • 240 broker-regulator relationships are with Tier 1 regulators (FCA, ASIC, SEC, CFTC, MAS, FINMA, BaFin), indicating strong investor protection standards.
  • The average broker holds 1.5 regulatory licenses, reflecting the multi-jurisdictional nature of forex trading.

Regulators by Number of Licensed Brokers

#RegulatorCountryBrokersExample Brokers
1FCATier 1United Kingdom80ActivTrades, Admiral Markets, Aetos Capital +77 more
2ASICTier 1Australia54ACY Securities, Admiral Markets, Aetos Capital +51 more
3CySECCyprus50ActivTrades, Admiral Markets, BDSwiss +47 more
4SECTier 1United States40Acorns, Ally Invest, Avenue Securities +37 more
5FSAJapan37Alpari, Amarkets, Axiory +34 more
6MASTier 1Singapore33AscendEX, AvaTrade, BingX +30 more
7SEBIIndia195paisa, Angel One, Axis Securities +16 more
8FSCASouth Africa18Absa Stockbrokers, ACM Gold, CM Trading +15 more
9CFTCTier 1United States12Charles Schwab, E*TRADE, Fidelity +9 more
10FSCMauritius12Bithumb, Fubon Securities, KB Securities +9 more
11BaFinTier 1Germany10BUX, Comdirect, Commerzbank Brokerage +7 more
12CVMUnknown8Avenue Securities, Banco Inter Invest, BTG Pactual Digital +5 more
13DFSAUAE (Dubai)7Amana Capital, Baraka, EFG Hermes +4 more
14FinansinspektionenUnknown6Avanza, Handelsbanken Markets, Nordea Investor +3 more
15CMAKenya5Al Rajhi Capital, FxPesa, Mubasher +2 more
16ConsobUnknown5Banca Mediolanum, Directa SIM, Fineco Bank +2 more
17FinanstilsynetUnknown5Danske Bank Invest, DNB Markets, Firi +2 more
18SFCTier 1Hong Kong5CryptoMKT, HSBC InvestDirect, Longbridge +2 more
19FINRAUnknown5Avenue Securities, Cash App Investing, J.P. Morgan Self-Directed +2 more
20JSEUnknown5Absa Stockbrokers, FNB Share Investing, Nedbank Share Investing +2 more
21FMANew Zealand5ASB Securities, Erste Bank Securities, Hatch +2 more
22FinCENUnknown4BitMart, CoinW, LBank +1 more
23IIROCTier 1Canada4BMO InvestorLine, CIBC Investor's Edge, National Bank Direct Brokerage +1 more
24CIPFUnknown4BMO InvestorLine, CIBC Investor's Edge, National Bank Direct Brokerage +1 more
25SCAUnknown4Al Ramz Capital, Daman Securities, Emirates NBD Securities +1 more
26BACENUnknown3BTG Pactual Digital, Foxbit, Mercado Bitcoin
27AMFFrance3Bourse Direct, Boursorama, Fortuneo
28Banca d'ItaliaUnknown3Banca Mediolanum, Directa SIM, Fineco Bank
29SCUnknown3CIMB Securities, Maybank Investment, Rakuten Trade
30AFMUnknown3BUX, ING Beleggen, LYNX Broker
31FIUUnknown3CoinDCX, CoinSwitch, WazirX
32SSCUnknown3SSI Securities, VNDIRECT, VPS Securities
33OJKIndonesia3BNI Sekuritas, Mandiri Sekuritas, Mirae Asset Sekuritas
34CNMVSpain3Renta 4, Santander Broker, Self Bank
35CMBUnknown3Garanti Yatırım, İş Yatırım, Yapı Kredi Yatırım
36CBRUnknown3Sber Investments, Tinkoff Investments, VTB My Investments
37FSRAUnknown2BTSE, Equiti
38UnregulatedUnknown2Deribit, dYdX
39CNVUnknown2Ripio, Ualá
40CIMACayman Islands2Tradeview, Vantage Markets
41IFSCBelize2FXChoice, Headway
42ACPRUnknown2Bourse Direct, Fortuneo
43CMFUnknown2Buda.com, CryptoMKT
44CNBVUnknown2Bitso MX, Ualá
45Banco de EspañaUnknown2Santander Broker, Self Bank
46KNFUnknown2mBank, PKO BP Brokerage
47FinanssivalvontaUnknown2Nordea Investor, OP Markets
48FinantsinspektsioonUnknown2LHV, Luminor Invest
49FINMATier 1Switzerland2PostFinance, StocksApp
50EFSAUnknown2EFG Hermes, HC Securities
51SEC NigeriaUnknown2Coronation Securities, Stanbic IBTC
52HCMCUnknown2Alpha Finance, Piraeus Bank Securities
53FSBUnknown2Old Mutual Securities, Sanlam iTrade
54SCBBahamas1TradeZero
55FSMAUnknown1Keytrade Bank
56NBBUnknown1Keytrade Bank
57BNMUnknown1Maybank Investment
58BoGUnknown1Chipper Cash
59DNBUnknown1ING Beleggen
60FSPUnknown1Yellow Card
61ADXUnknown1Al Ramz Capital
62CNBUnknown1Erste Bank Securities
63FKTKUnknown1Luminor Invest
64Lietuvos bankasUnknown1Luminor Invest
65CBNNigeria1Stanbic IBTC
66SC MalaysiaUnknown1RHB Securities
67ISAUnknown1Bank Hapoalim Brokerage
68SECPUnknown1JS Securities
69ECBUnknown1Piraeus Bank Securities
70BCBUnknown1Banco Inter Invest
71ANBIMAUnknown1Clear Corretora
72CMA KuwaitUnknown1NBK Capital
73AFSAUnknown1Halyk Invest
74SolarisbankUnknown1Vivid Money

Showing 74 regulators across 340 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.