BrokerRank — Regulation Guide
Forex Regulators Compared (2026)
Regulation is the strongest predictor of broker quality — 0.84 correlation with overall score. BrokerRank tracks 8 major regulators across 345 active brokers. Tier 1 regulators require strict capital adequacy, client fund segregation, and investor compensation schemes.
8
Regulators tracked
345
Brokers analyzed
3.73/5
Top avg (CFTC)
0.84
Regulation correlation
United States · 13 brokers licensed
3.73/5
avg broker rating
Australia · 55 brokers licensed
3.59/5
avg broker rating
Singapore · 34 brokers licensed
3.57/5
avg broker rating
Cyprus / EU · 50 brokers licensed
3.51/5
avg broker rating
United Kingdom · 82 brokers licensed
3.51/5
avg broker rating
South Africa · 18 brokers licensed
3.34/5
avg broker rating
India · 19 brokers licensed
3.04/5
avg broker rating
Germany · 10 brokers licensed
2.99/5
avg broker rating
| Regulator | Compensation | Leverage Cap | Brokers | Avg Rating |
|---|---|---|---|---|
| 🇺🇸CFTCT1 | SIPC up to $500,000 | 1:50 forex | 13 | 3.73/5 |
| 🇦🇺ASICT1 | Fund segregation | 1:30 retail | 55 | 3.59/5 |
| 🇸🇬MAST1 | SGD 1M capital req. | 1:20 retail | 34 | 3.57/5 |
| 🇨🇾CySECT1 | ICF up to €20,000 | 1:30 retail | 50 | 3.51/5 |
| 🇬🇧FCAT1 | FSCS up to £85,000 | 1:30 retail | 82 | 3.51/5 |
| 🇿🇦FSCAT2 | Limited protection | 1:500 (no cap) | 18 | 3.34/5 |
| 🇮🇳SEBIT2 | IPEF up to ₹15 lakh | 1:5–1:20 | 19 | 3.04/5 |
| 🇩🇪BaFinT1 | EdW up to €20,000 | 1:30 retail | 10 | 2.99/5 |
3.48/5 avg broker rating
Strictest regulation globally. Mandatory client fund segregation, high capital requirements (€730k–$20M), regular independent audits, and investor compensation schemes (FSCS, ICF, SIPC). Brokers must maintain negative balance protection for retail clients.
3.19/5 avg broker rating
Solid regulatory framework with meaningful investor protections, but lower capital requirements and no fixed government compensation scheme. Fund segregation is enforced. Higher leverage limits may be permitted compared to Tier 1 jurisdictions.
Methodology
Avg broker rating is calculated from BrokerRank's weighted score (regulation 25%, fees 20%, platform 15%, trust 15%, UX 15%, markets 10%) across all active brokers holding each license. A higher avg rating means brokers under this regulator tend to be higher quality overall — not that the regulator itself is "better" in isolation.
Full regulation analysis →