Forex Compare Broker.com :: Compare Brokers by features, Bonus, Spread, Commission, Deposit Methods






Comparison Table according to our Experts as on: 6 February 2014

Forex BrokerHeadQuarterSinceRegulatedSpread (Majors)Commission $/ 1 Std LotLeverageMin DepositBonusPairsMin Transaction SizeTrading PlatformSegregated AccDeposit/ WithdrawalAutomatic TradingSupportComments
Alpari-forex.com UK1998NFA, CySEC, FSA, FSPVariable from 2.101:500200 Micro, 500 Classic034, Metals, CFD0.01Mt4, MT5, Web, MobileYesCredit/Debit Cards, Wire Transfer, MoneyBookersZuluTrade, MirrorTraderLive Chat, Phone, Email 
HotForex Mauritius2007FSCAvg.1.5 Standard , 0.5 Fix VIP, 0.2 ECN5 USD VIP, 6 USD ECN1:500, 1:100 commodity1 USD50%43 (20 exotic)0.01, 0.5 for VIPMT4, MobileYesCredit Debit card, Neteller, CashU, MoneyBookers, Perfect Money, Webmoney, Bank Wire Live Chat in many languages, Phone, Email 
RVDmarkets Recommended by adminUkraine, UK2010Ukraine Tax id Registered, RVD Holding UKVariable Avg. 0.9 pip0ECN 1:1000, CFD 1:100 ECN 100, CFD 2500%134ECN 0.01, CFD 0.01MT4, MobileNoWebmoney, Perfect Money, Skrill Moneybookers, CashU, Wallet one, Interkasa, Visa, MasterCard, Bank Wire, Payonline.ru,  Live Chat, Phone, EmailFastest Execution, highest liquidity
Exness Recommended by Admin New Zealand2009FSP NZ, FDR, ISO 9001:2008 certified0.7 Variable Classic, 0.3 Variable Mini0 Forex, CFDs 0.45%, Futures $101:2000 Mini, 1:400 Classic, 1:100 Expert1 for Cent, 10 Standard, 5000 classic10 to 50% (increases with more trading)1340.01MT4, demo MT5, FREE VPSNoCredit Debit cards, Bank Transfer, Local Payment Indian bank, Webmoney, Money Bookers,RBK , Alert Pay, CashU, C-gold, Perfect Money, MoneyMail, Pecunix Live Chat, Free Phone worldwide, EmailAutomatic Withdrawal, Best Broker, Recommended as it has best withdrawal and good ECN
FxOpen Australia Australia2005FSC, ASIC 4128710.5pip Variable ECN4.56/Lot ECN1:500Mini 1, Standard 25, ECN 1000$25, $100 for 10 lots280.01MT4, MirrorTrader, MobileNoCredit Debit Cards, Bank Wire, MoneyBookers, AlliedWallet, Webmoney, CashU, Cgold, Live Chat, Phone, Email
Forex BrokerHeadQuarterSinceRegulatedSpread (Majors)Commission $/ 1 Std LotLeverageMin DepositBonusPairsMin Transaction SizeTrading PlatformSegregated AccDeposit/ WithdrawalAutomatic TradingSupportComments
ICMarkets Australia2005FSC, ASIC0.1 pip Variable ECN5/Lot ECN1:400ECN 100280.01MT4, MobileNoCredit Debit Cards, Bank Wire, MoneyBookers, AlliedWallet, Webmoney, CashU, Cgold, Perfect Money Live Chat, Phone, Email
FxOpen New Zealand2005FSC, ASIC 4128712pip Fix Mini Standard, 0.5pip Variable ECN0 Standard, 4.56/Lot ECN1:500Mini 1, Standard 25, ECN 1000$25, $100 for 10 lots280.01MT4, MirrorTrader, MobileNoCredit Debit Cards, Bank Wire, MoneyBookers, AlliedWallet, Webmoney, CashU, Cgold, ZuluTrade, MirrorTraderLive Chat, Phone, EmailPAMM available
XM.com Cyprus, UK2003MiFid, Cysec, BaFin, FSA UK1 fix01:88810 Micro, 100 Standard100%230.01MT4, MT5YesCredit Debit Cards, Wire, Webmoney, Money Bookers, Perfect Money Live Chat, Phone, EmailDeposit/ Withdrawal Fees Refunded
FXTG Australia2010ASIC1pip Standard, 0.5 variable ECN0 Standard, 5/Lot ECN1:30010048, Stocks CFD0.01MT4, MobileNoCredit/debit cards, Moneybookers, Bank transferZuluTradeLive Chat, Phone, Email1pip on any 1pair
Loyal Forex Nevis2008NFS1pip fix, Variable ECN0 Standard, 4/Lot ECN1:20050 Mini 2000 Pro, 1500 ECN060,Metals, Futures, CFD0.01MT4, WebTraderNoCredit/debit cards, Perfect Money, Bank transfer Live Chat, Phone, Email 
OctaFX Saint Vincent2011 10 Standard, 7/Lot ECN1:5005 Micro, 50 ECN30%28, Metals0.01MT4YesCredit Debit Cards, Bank Transfer, CashU, MoneyBookers, Perfect Money Live Chat, Phone, Email 
GCI Financial NY USA2002 1pip variable01:4001032, Stocks, CFD0.01MT4YesCredit Debit Cards, Bank Transfer, CashU, MoneyBookers, Perfect Money Live Chat, Phone, Email 
Forex BrokerHeadQuarterSinceRegulatedSpread (Majors)Commission $/ 1 Std LotLeverageMin DepositBonusPairsMin Transaction SizeTrading PlatformSegregated AccDeposit/ WithdrawalAutomatic TradingSupportComments
DeltaStock Bulgaria1998FSC, MiFID1pip fix standard, 0.3 pip variable ECN01:2001000800.01MT4, DeltaTrader, DTWebNoCredit Cards, Bank Wire, Money Bookers Live Chat, Phone, Email5 EUR rebate on 100 lot
Alfa-Forex Russia2003Alfa-Bank1pip01:2001000300.01MT4, FX AggegatorYesCredit/Debit cards, Bank Transfer, Cash deposit in Alfa-Bank Phone, EmailBest for Russians
Real-Forex France2008 1.6 -1.8 Classic, 1.2 - 1.4 VIP01:200 Classic, 1:100 VIP2000 Classic, 10000 VIP0300.01MT4, APINoCredit Debit cards, Moneybookers Phone, Email 
ThinkForex NZ2010FSCL, FSP1.3 Standard, Variable ECN0 Standard, 8/Lot ECN1:200 Standard, 1:100 Pro500 Standard, 20000 Pro023, Metals, CFD0.01MT4, MT5, Web, MobileNoCredit card, Bank Transfer, AlertPay, Neteller, MoneybookersZuluTrade, MirrorTraderLive Chat, Phone, EmailFree VPS
Forex-Metal Panama2005NO1.5pip Variable01:50010500.01MT4, MobileNoCredit Debit Cards, Bank Transfer, Webmoney, Money Bookers, CashU, C-gold, Perfect Money, SolidTrustPay Live Chat, Phone, EmailSeparate Cust Care for UK, USA, India, SA, HK, AUS
InstaForexRussia2007RAFMM2pip for Standard, 0 for ECN EuricaStandard 0, 20 to 70/Lot ECN1:10001 USD30%107 (60 exotic)0.01 , 0.0001 for Cent AccountsMT4, MT5, MobileYesCredit Debit Card, InstaForex card, Bank Transfer, Perfect Money, Alertpay, MoneyBookers, WebMoney, Pago, LocalTransfer in many country Live Chat, Phone, EmailPAMM, Recommended by Admin
Forex BrokerHeadQuarterSinceRegulatedSpread (Majors)Commission $/ 1 Std LotLeverageMin DepositBonusPairsMin Transaction SizeTrading PlatformSegregated AccDeposit/ WithdrawalAutomatic TradingSupportComments
Forex.com USA1999ASIC NFA FSAVariable Avg. 1.901:200250 Mini, 2500 Standard049, Metals, CFd, Indices0.01MT4,Web, MobileNoCredit/Debit Cards, Wire Transfer, checkZuluTrade, MirrorTraderLive Chat, Phone, EmailMost Accurate Market Price
Admiral MarketsEurope, 17 countries2001ASIC (AFSL 335692), FSA 10932555, MiFid2pip for Standard, 0.6 pip for Pro5/Lot ECN1:500 Standard, 1:100 Pro, 1:10 CFD10 Standard, 1000 Pro, 200 CFD25%30 Standard, 27 Pro0.01MT4 ,CFD Trader, MobileNoCredit/debit cards, Moneybookers, Bank transfer, Perfect Money?, CurrenseeLive Chat, Phone, EmailPAMM, Recommended by Admin
Divisa USA2010FSCVariable0 Standard, 6/Lot ECN1:1002500 Standard045, metals0.01MT4, CurrenexNoCredit/Debit Cards, Wire Transfer, MoneyBookers Live Chat, Phone, Email 
FBS Mauritius2006FSC2pip variable Micro, 2pip variable standard, 1.1 Variable Unlimited01:5005 Mini, 25 Standard, 1000 Unlimited043 (20 exotic)0.1MT4YesFBS Card, Credit Debit Cards, Bank Transfer, Cash in Thailand, Perfect Money, Money Bookers, BCA, Perfect Money Phone, Email$5 Reward for Mobiles, FBS Mastercard free, Insured Trading
Forex BrokerHeadQuarterSinceRegulatedSpread (Majors)Commission $/ 1 Std LotLeverageMin DepositBonusPairsMin Transaction SizeTrading PlatformSegregated AccDeposit/ WithdrawalAutomatic TradingSupportComments
24OptionUSA2010FSC (BVI)2 pip01:200200ipad2Binary optionsBinary optionsMT4, Web trader, MobileNoCredit Card, Debit card, Wire Transfer Live Chat, Phone, Email 
Accent ForexMahe, Seychelles2010No2pip standard, 0.01 for ECN01:5001 60 (45)0.01MT4NoCredit cards, webmoney, Moneybookers, Perfect Money, Bank Transfer Live Chat, Phone, Email 
AGEAMontenegro2005 2 pip variable01:20010 for Cent, 100 Standard, 10000 STP0%170.01MT 4 StreamsterNoe-dinar, Perfect Money, WebMoney, Bank transfer Live Chat, Phone, EmailBest for Middle East clients
AVAfxBritish Virgin Islands2006ASIC, Central Bank Ireland, MiFID2pip01:2001005%550.01MT4,AVATrader,AVAJAVA, Mobile Nokia,YesWebMoney, PayPal, Moneybookers, Perfect Money, Neteller, Bank Transfer, Credit debit cardsZuluTrade, Currensee, Mirror Trader, API Trading, AyondoLive Chat, Phone, EmailAwarded Many Times
FxOptimaxNewZealand2009FDR, Reg. Company NZ2pip Standard, 0.3pip Variable ECN0 Standard, 7/Lot ECN1:1000Mini 10, Pro 100020% Withdrawable270.01MT4, MobileYesCredit Debit Cards, Bank Transfer, Cgold, EuroGoldCash, MoneyBookersZuluTrade, MirrorTraderLive Chat, Phone, EmailPAMM available
IamFXUSA2009SEC, FSCVariable1.2 Mini, 1 Standard /Lot ECN1:400 Mini, 1:200 Standard100, 2500 Pro 48, Stocks CFD Options0.01MT4YesCredit/debit cards, Moneybookers, Bank transferMirrorTraderLive Chat, Phone, Email 
Ikon FXUK, Dubai CFTC, NFA, FSA, DGCA2pip Standard, 0.7 Variable ECN01:500100$100 55 Stock CFD Options0.01MT4NoCredit/debit cards, Perfect Money, Bank transfer Live Chat, Phone, Emailease for Dubai UK USA NZ & China Clients
Forex BrokerHeadQuarterSinceRegulatedSpread (Majors)Commission $/ 1 Std LotLeverageMin DepositBonusPairsMin Transaction SizeTrading PlatformSegregated AccDeposit/ WithdrawalAutomatic TradingSupportComments
NordFXMauritius2008 2pip Fix, ECN Variable0 Standard, 7/Lot ECN1:500 Micro, 1:200 Standard, 1:100 ECN5 Micro, 50 Standard, 1000 ECN028,Metals, Futures, CFD0.01MT4, MT5, Mobile, CGQ, IntegralNoBank Transfer, MoneyBooker, Perfect Money, WebMoney, AlertPayZuluTradeLive Chat, Phone, Email 
Plus500UK2008FSA2pip01:5010030%48, Metals, Stocks, CFD0.01MT4, WebTraderYesCredit Debit cards, Bank Transfer, Paypal, MoneyBooker Phone, EmailUnilimted Demo
Forex YardCyprus2005 2.2 Standard, 2 VIP, 1.2 Pro, 2.2 Managed01:200100 Standard, 1000 VIP, 25000 Pro, 20000 Managed10%230.1MT4, MirrorTrader, FX-Trader, MobileNoCredit/debit cards, Moneybookers, Bank transfer, Perfect Money Live Chat, Phone, EmailiPad for Heavy Traders
RoboForexNZ2008FSCL2 Fix, ECN Variable0 Standard, 6/Lot ECN1:50010 Fix, 300 ECN50%230.01MT4, MT5, Web, MobileNoCredit Debit cards, Bank Transfer, Paypal, MoneyBooker Live Chat, Phone, EmailPays 3.5% Interest Rate
SunbirdFXIreland2005 Variable Standard, 0 ECN0 standard, 11/Lot ECN1:100100 Fix, 10000 ECN023, Metals, CFD0.01 fix, 0.5 ECNMT4, MT5, Custom (G-Pro), Currenex, ActTraderYesCredit Debit Cards, Bank Transfer, Webmoney, Money Bookers, CashU, C-gold, Perfect Money, SolidTrustPayZuluTrade, MirrorTraderLive Chat, Phone, Email 
TraderswayDominica2010 2 Standard, Variable ECN0 Standard, 3/Lot ECN1:500 Fix, 1:100 ECN1 Fix, 100 ECN023, Metals, CFD0.01MT4, cTrader Credit/Debit cards, Moneybookers, WebMoney, Bank TransferZuluTrade , MirrorTraderLive Chat, Phone, Emailstart ECN with $10
Forex BrokerHeadQuarterSinceRegulatedSpread (Majors)Commission $/ 1 Std LotLeverageMin DepositBonusPairsMin Transaction SizeTrading PlatformSegregated AccDeposit/ WithdrawalAutomatic TradingSupportComments
VarenGoldGermany1995EdW, FSC2pip Variable01:20010000480.01MT4, Mobile, FxstatYesPayPal, Moneybookers, credit card, Bank TransferZuluTrade, MirrorTraderLive Chat, Phone, EmailSTP, Office in China, UAE
ACFXCyprus2010Cysec , FSA3pip classic, 2 pip VIP01:500 Classic, 1:200 VIP50 Classic, 10000 VIP028, Metals0.01MT4,Web, MobileNoCredit/Debit Cards, Neteller, MoneyBooker, WebmoneyZuluTradeLive Chat, Phone, Email 
Swissquote Switzerland2000FINMA, SWFX2pip01:100500 Mini, 5000 Standard060, Metals, CFD0.01MT4,Web, MobileYesSwiss cash deposit, Bank Transfer, Credit cards Phone, Emailswiss savings a/c
Easy-ForexNY USA2003ASIC, CySec4 Mini, 3 Gold Vip01:20025 Mini, 500 Gold, 1000 Plat10%43 (20 exotic)0.01MT4, TradeDesk,MobileYesCredit Card, Debit card, Wire TransferZuluTradeLive Chat, Phone, Email




Forex Basics

What does it cost?

You can open a Forex account with as little as $100. As a newbie, for the next few months you will not want to open an account larger than $100. So if you have $50-$100 you’re good to go!
However, when you get through reading this page, and start making consistent profits, you will likely need to invest more money. $50 just won’t be sufficient.

Realistically, you would want to start an account with about $5,000 but traders can succeed at Forex with less than $1,000, for their first account.

Tools you need to be in Forex

Simply select the broker of your choice from the above table according to your region or needs, be sure to select the broker which is good for you, if you dont know which is good for you, let us explain it to you.

You should select broker according to your Nationality, example:

1) If you are American you need to open account with American broker as other brokers dont allow Americans. TIP: Any other country people like japan china canada etc. can open account with anyone

2) If you are chineese, in the above table there are brokers having headquarters or offices in china and are regulated by china government and you can buy chineese stocks in it

3) If you are from UAE there are brokers with offices in your country so that you can do cash deposit of your black money :D

TIP: It is not compulsary to open account with the broker located in your country

For all other nations you can open account with any of the above recommended brokers by our experts


Now that you have selected the best broker according to your choices or needs, Half of the work is already done, yes half of your success is already achieved, because choosing broker takes years for the newbies, and they get more rewards if the broker is charging them less commission etc...


Lets learn some Facts of Forex:

Always be simple, read simple, do simple

So we are telling you about forex in very short, Forex is far more better than your regular stock market and currency market, Forex is having worldwide currencies and so obviously Forex market is open ALL the time, yes ALL the time except Saturday and sunday, why so?. Well if American market is closed, then Asian market is open, if Asian is closed the European is Open and so on... So Forex market runs 24 hours a day and so does the Forex Brokers

Every day close to $5 Trillion is traded through the Forex market. Even if you take all the daily volume traded on the U.S. stock, bond and equity markets and add it together it does not come close to matching the enormity of the Forex market


In the Forex market you trade currencies

currencies ForexBrokerCompare

There are lot of currencies, but our experts advise you to be with a few selected currencies, and keep it simple

The above currencies form pairs:

EURUSD, GBPUSD, USDJPY and so on...

the above word EURUSD means EUR is the base currency and USD is the counter currency, so if you decide to buy EURUSD pair, you are buying Euro and selling USD. So EURUSD will go up if EUR is having good news OR EURUSD will go down if the USD has good news, so basically both currency as pulling up or down, and you need to get money out of this!

Ain't that exciting! ?

Well it is not that easy, but if you are disciplined and follow some basic rules, you can get profit out of it. Discipline is important in Forex. You need to read below to know how much money to keep in your account and how much to trade

Forex trading:

Forex trading is done using Lots, there are 0.01... 0.02 etc... to 0.09.... 0.1 .... 0.9 and then 1.0..... to 10.0 ....100.0 etc So if you have $100000 USD you can buy 1 lot, but here comes Leverage to your help! you can get 1:200 leverage from your forex broker normally, and so you need only 100000/200 = only $500 to buy 1 Lot, but 1 Lot is very big, you should go with only 0.1 Lot, so basically you must have atleast $50 in your account to buy 0.1 lot.

Simple? now is it safe to buy or sell 0.1 lot with just $50 ? you ask yourself, if the market moves up 50 points your account becomes 0, so be sure you keep more than $50, like you can keep $300 for 0.1 lot to be sure :) this will not create much of a tension if in any case the market is moving too much

Now that you know how much money balance you need, how much to trade, lets see chart types:


There are three types:

1) Line chart,

2) Bar chart,

3) Candlestick chart

The most easy to understand and interpret is Candlestick chart, this chart shows you how the market is moving exactly. So you can see in the above pic that the candlestick chart has filled bars (white) and hollow bars, when the market is moving up the bar is hollow, the market is moving down, the bar is white.


Candle Stick Chart ForexBrokerCompare


Candlesticks have bodies unlike bars. Where the open dash and close dash are on a Bar, this is where the Candlestick body is. It makes it a lot easier to see where the candle opened and closed and also if it increased in price or decreased


Now that you have known everything, lets start the trading:



Strategy Trading types:


1) Fundamental : This is all based of the news, example there is bad news of low employment in Europe , the EURUSD will go down, same way if there is bad news in USA, the EURUSD will no longer be pulled down by USD and so it will go up

2) Technical : This method makes profit for less risk and with less money balance in your account! because you are going to trade Technically and not based on news, so market wont be moving drastically. so you dont need more balance in account for this type of Forex trading

So lets understand this type of Forex trading:

In Technical type, you need to be sure you find a Trending market or a Ranging market (the market which is in definite range) example EURUSD is moving as shown:


Range Trading Chart ForexBrokerCompare


in above image the market is moving in a definite range of 1.2500 to 1.3000

once you find the range, your 75% of the work is complete, now all you need to do is buy when the market is low and sell when the market is high

Dont forget to put the "Stop loss / Take Profit" at somewhere above or below the range as shown in the pic


Also let us tell you that it is not necessary that you trade when the market is open, we mean, you can trade anytime, and technical forex trading type works best for all of us experts when the market of that country is closed, example: in EURUSD, trade when the EURO and USD both markets are closed or sleeping :) this will make the forex market steady and forex market will be in some specific range. So here you go for Range Trading.

Now lets see the other one, the Trending market:

Trending market means that there is a upward or downward trend in the market, so here you need to see if you should follow the trend or not.



There are Trend Breakouts like the one shown, in the above breakout, the trend lines tried their best to keep the trend going on, but somehow it broke, and here is the time to move againts the trend and follow the breakout's direction!


Always be sure how much you need, be sure to make a Take Profit of 30 pip or around it, and Stop Loss of 60 pip or around it, this is based on 1:2 Reward:Risk ratio, note that this ratio is studied extensively by our experts from the data of various traders, and our experts found out that this 1:2 Reward:Risk ratio is giving the most money to the traders worldwide

Reward (your profit)
Risk (your loss)


There are varios other types of trading and strategy's but as we say, keep it simple and profitable! The more you confuse yourself, the more bad for the trading and the more worried you will be. Be confident now, as you have done almost all of the work by selecting the best broker, knowing the basics, and learning the strategy by the help of our experts.



Automatic Trading:

Automated Trading can be done using ZuluTrade, Currensee, Mirrortrader, Ayondo, MyFxbook, Alpari Pamm, Instaforex Pamm, RVDmarkets Pamm, Fxopen Pamm, etc

ZuluTrade is a website at its best, it is having the highest number of users and signal providers (forex guru) and is even bigger than any of the forex brokers itself, so you can easily select a Forex Trader(guru) and that trader will automatically make trades on your behalf with your money in your own account. You dont need to install any EA any bots any scripts any VPS at all, also you dont need to keep your computer turned ON. The zulutrade forex trader will automatically be able to trade on your always live always ON account. There is no monthly fee's and so our experts advise it for all. Zulutrade automatic trading is provided by almost 75% of the popular forex brokers. You can find a few given by our experts in the above Forex Comparison Table


Currensee and Mirrortrader are also just like Zulutrade but with some monthly fee's and few forex traders or forex signal providers and users, so we currently are not recommending them at Forex Compare Broker.

Note that there are a few others too, but they are not worth investing in and a bit risky, so our experts dont want them to be listed on Forex Compare Broker.



Safe Segregated accounts:

Safe ForexBrokerCompare

At Forex Compare Broker, we want you to be safe with your money, our experts have made it a point that we show here the benifts of it.

Segregated accounts means that the forex broker has kept your money in a safe deposit in a AAA rated bank's account. This way, even if the broker goes bankrupt your money is safe in the bank, and the broker has not mixed up your funds with the others. You can (if needed) take charge of your money by contacting the bank directly.

For Segregated accounts we recommend you to see the above forex comparison table to find our the forex broker having segregated account facility




Forex Regulations | Forex Regulatory Bodies

There are varios Forex Regulators in varios country, and every honest forex broker can get regulated depending on his geographic location (country)

These are the following Forex Regulation Authority:



nfa ForexBrokerCompare

The NFA – the National Futures Association

The NFA is a self-regulatory organization for the US futures industry. Its purpose is to safeguard market integrity and protect investors by implementing Forex regulations. Membership in NFA is mandatory for any futures or FX broker operating in the US. It is an independent regulatory body with no ties to any specific marketplace.



The CFTC – the Commodity Futures Trading Committee

cftc ForexBrokerCompare

Created by congress, the Commodity Futures Trading Commission (CFTC) was formed in 1974 as an independent agency with the mandate to issue Forex regulations for financial markets in the United States. The CFTC's regulations assure the economic utility of the markets by encouraging their competitiveness and efficiency, and protecting market participants against and abusive Forex trading practices.

The FSA - The Financial Services Authority

fsa ForexBrokerCompare

This is a UK based independent body given statutory powers by the Financial Services and Markets Act 2000. The FSA regulates the financial services industry in the UK, which is made possible by the FSA's regulation making, investigatory and enforcement powers. The FSA is obliged to have regard to the Principles of Good Regulation.

CySEC - Cyprus Securities and Exchange Commission

cysec ForexBrokerCompare

CySec was established in accordance with section 5 of the Cyprus Securities and Exchange Commission Law of 2001 as a public corporate body. CySec has a vast amount of responsibilities, some of which include: Supervising and controlling the operation of the stock exchange and the transactions carried out within it. Granting operation licenses to investment firms and impose administrative sanctions and disciplinary penalties against brokers when necessary.

Autorité Des Marchés Financiers

amf ForexBrokerCompare

The AMF is an independent public body which lays down the conduct of business rules and obligations that must be fulfilled by authorized professionals to provide investment services. Its purpose is to safeguard investments in financial instruments, ensure that investors receive material information and maintain orderly financial markets.

Bundesanstalt Für Finanzdienstleistungsaufsicht

bafin ForexBrokerCompare

BaFin is the German Federal Financial Supervisory Authority that belongs to the Federal Ministry of Finance and as such has a legal personality. BaFin became the successor of the Federal Banking Supervisory Office for the Securities Trading and the Federal Insurance Supervisory Office. Now for the first time there is a uniform national supervision for all ranges of financing.

MiFID

mifid ForexBrokerCompare

The MiFID is a European Union Directive that was implemented in Cyprus as of the 1st of November 2007. The MiFID provides a harmonized regulatory regime for investment services across the EEA (European Economic Area). The main objectives of the directive are to increase competition and consumer protection in investment services.

fma ForexBrokerCompare

Based in New Zealand, FMA will use the full range of its enforcement powers, targeting conduct that presents the greatest likelihood of harm to the function of open, transparent and efficient capital markets.

Note that there are many other not so widely used forex regulatory authorities which are not needed to be shown at Forex Compare Broker according to our Experts.