Forex Brokers by Regulator

The Financial Conduct Authority (FCA) is the UK's top-tier regulator. Brokers under FCA segregate client funds, are covered by the FSCS up to £85,000, and face the strictest leverage and marketing rules in the industry.

The Cyprus Securities and Exchange Commission (CySEC) is the EU passporting regulator most retail forex brokers use. CySEC follows MiFID II — leverage capped at 1:30 for retail, ICF compensation up to €20,000 per client.

The Australian Securities and Investments Commission (ASIC) is one of the strictest Tier-1 regulators globally. ASIC-licensed brokers run segregated trust accounts at top-tier Australian banks and follow product intervention rules that cap retail leverage.

The Japan Financial Services Agency (JFSA) regulates one of the largest retail forex markets globally. Strict leverage caps (1:25), full segregation, and no offshore-broker activity allowed.

The Monetary Authority of Singapore (MAS) is one of the strictest Tier-1 regulators in Asia. MAS-licensed brokers face strict capital requirements and full client-fund segregation at MAS-approved banks.

The Federal Financial Supervisory Authority (BaFin) regulates German financial firms. Tier-1 EU regulator with strict MiFID II compliance.

The Dubai Financial Services Authority (DFSA) regulates brokers operating from the DIFC free zone. Tier-1 in MENA — strict capital adequacy, segregated funds, and Sharia-compliant accounts available.

The Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) jointly regulate retail forex in the US. The strictest forex regime worldwide — leverage capped at 1:50 for majors, no FIFO violations.

The Financial Sector Conduct Authority (FSCA) is South Africa's financial-services regulator. FSCA-licensed brokers can offer higher leverage than EU brokers and accept clients from most emerging markets — popular with Thai traders.

The Financial Markets Authority (FMA) of New Zealand regulates brokers offering services to NZ clients. Mid-tier oversight with FSPR registration required.

The Financial Services Commission of Mauritius regulates brokers operating from the Mauritius offshore center. Mid-tier oversight, popular for "global" entities serving emerging markets.

The Seychelles Financial Services Authority (FSA) is an offshore regulator. Brokers under FSA Seychelles can offer leverage up to 1:1000 and serve global clients — the standard offshore "international" entity for major brokers.