Best MTR (Estonia) Regulated Forex Brokers 2019

Are you a forex trader based out of Estonia? If so, you should only trade with an MTR regulated broker. Inside this article we list the very best of these brokers that come highly recommended. We have compiled our list from own in depth research and through that of our users. 

Introduction to MTR Regulation 

Estonia is a country in Northern Europe known for its high level of freedom due to their liberal laws of governance. As well the country has a unique taxation system that allows companies to reinvest in their business without paying taxes on the profits used for investment. Also in addition to this, business tax rates are lower in Estonia compared to many other EU countries. With these benefits, you would expect to see an influx of forex brokers establishing themselves in Estonia. However, this is not the case due to the popularity of forex brokers in other European nations over Estonia smaller market.  

All financial companies and firms operating out of Estonia are regulated by the Ministry of Economic Affairs and Communications of the Republic of Estonia (MKM). All companies licenced and regulated by the MKR are listed on the official database known as the MTR registry. It is often mistaken that MTR has regulatory powers and issues licenses. Truth be told, they only represent and list regulated and licensed brokers in their registry. The registry allows traders and investors to search the database for competent and authentic brokerages. 

MTR Responsibilities 

The MTR may not regulate forex brokerages and other financial instruments directly, but it still holds many important responsibilities. The MTR is responsible for providing Estonian traders and investors with viable information regarding MKM regulated brokers. For instance, the MTR is responsible for providing better insights into the licensing, authorized activities, extents of licenses, and more important factors dealing with regulation. All Estonian traders and investors should turn to the MTR registry prior to choosing a forex broker. Making it of vital importance the MTR provides up to date and viable information on these regulated brokers.  

How MTR Regulation Protects You 

The MTR registry may not impose laws and rules for brokerages to follow, but they do provide investors with a great deal of protection. They do this by providing traders and investors valuable information about various financial firms they show interest in. By doing this, it proves the authenticity of a company which in return provides investors with peace of mind and trust. As well, only competent and trustworthy brokers are listed here, so Estonian traders and investors can feel safe in choosing a broker listed under MTR regulation. 

Guidelines for MTR Regulated Brokers 

In order for brokers to be listed on the official registry known as MTR, they must meet certain guidelines. The registry only lists competent brokers who can be trusted to conduct financial business in Estonia. All brokers must adhere to the guidelines set out for them by the MiFID. This is due to the nation being apart of the European Economic Area. As well, all brokers must be licensed and regulated by the MKM to be listed on the official MTR registry. With that said, they must obey the rules set forth and follow the guidelines set by the MKM as well as the MiFID.   

Top Brokers
// Top Brokers By Promotion Type

List of Brokers

ASIC, CySEC, FCA, FSB, ISA, MASIsrael$100Open Account
  • CFD Service. 80.6% lose money
CySEC, FCA, IFSCCyprus$5Open Account
  • Your capital is at risk
AMF, ASIC, BaFin, CONSOB, FCA, FSBUnited Kingdom$50Open Account
  • Your capital is at risk
ASIC, CySEC, FCACyprus$200Open Account
  • 65% of retail investor accounts lose money
FCAUnited Kingdom$100Open Account
  • Your Capital is at Risk