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4 Best BaFin Regulated Forex Brokers for 2024

Looking for the top BaFin-regulated broker? Based on our hands-on analysis, we’ve identified 4 best options tailored to various trading needs. Practical tips from our experts are included.

By:
Vladimir Zernov
Reviewed By:
Ola Alder
Updated: Mar 14, 2024

List of Top BaFin-Regulated Forex Brokers

Competitive spreads. MT4/MT5. 20,000+ stock CFDs. VPS, FIX API for algorithmic trading. Accounts are insured up to $1,000,000.

17,000+ tradable instruments. Proprietary trading platform, L2 Dealer, MetaTrader 4, ProRealTime. Strong research support. DMA trading, algorithmic trading.

24/7 customer support. MT4/MT5, cTrader, TradingView, Capitalize.ai. Solid educational offering. Webinars by expert traders. VPS hosting. Autochartist.

12,000+ tradable instruments. Tight spreads. Proprietary Next Generation platform. Alpha Premium Trader Netzwerk – a German trader community.

BaFin: Regulating German Financial Markets

BaFin, short for Bundesanstalt für Finanzdienstleistungsaufsicht, serves as the Federal Financial Supervisory Authority in Germany. This key regulatory body is tasked with overseeing and regulating the banking, securities, and insurance sectors within the country.

In the realm of forex and CFD markets, BaFin’s role is crucial for ensuring their fair and transparent functioning. It establishes rigorous regulatory standards for Forex and CFD brokers in Germany. These standards encompass requirements for capital adequacy, effective risk management, and clear communication of the risks involved in Forex and CFD trading. Additionally, BaFin is responsible for ensuring that these brokers adhere to anti-money laundering and counter-terrorism financing legislation.

How did FXEmpire select the Best BaFin Regulated Brokers?

FXEmpire's Methodology

  • We confirmed that each broker is regu
  • We focused on brokers that offer multiple options in terms of localization, such as EUR as a base currency, local offices, and customer support in the German language.
  • lated by BaFin providing German traders with a high level of protection.
  • We selected brokers that generally offer low fees, including spreads, commissions, swaps, and non-trading fees.
  • We prioritized brokers that provide user-friendly and feature-rich trading platforms.
  • We focused on brokers that offer multiple options in terms of localization, such as EUR as a base currency, local offices, and customer support in the German language.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Drawing on my 16 years of hands-on forex trading experience, I thoroughly examined and analyzed all our findings, resulting in the selection of the best BaFin-regulated forex brokers across various categories. You can read more about it and how we conduct our tests here.

Now, let’s explore the selected brokers.

Best Overall

CFDs can be very risky because they use leverage, which might not be suitable for everyone. The use of leverage means that even a small amount of money you deposit initially can lead to big losses due to market movements. CFD trading is particularly risky because the markets they involve are speculative and can change a lot. Trading these products could mean losing money, therefore, you must carefully consider your financial situation and risk tolerance before trading CFDs.
  • Min Deposit
    $50
  • Tradable Instruments
    14189
  • Fees
    Medium

Founded in 2005, MultiBank offers access to a diverse range of trading instruments, including forex pairs, indices, cryptocurrencies, commodities, and stocks. The broker is overseen by multiple regulators across the globe, including top-tier authorities such as BaFin, ASIC, and CySEC.

Regional Features:

  • BaFin-regulated entity: MEX Asset Management GmbH
  • BaFin-ID: 10119375
  • Office in Germany: Alfred-Herrhausen-Allee 3-5 65760 Eschborn, Taunus
  • Number of EUR-denominated instruments: 1560
  • EUR/USD average spread: 1.5
  • Available platforms: MT4, MT5
  • Website available in German

My research revealed that MultiBank offers a wide range of tradable instruments, with a particularly strong emphasis on stocks. The broker provides access to 20,000 stock CFDs from various exchanges, including German stocks, giving traders a diversity of options to choose from.

MultiBank offers the popular MetaTrader 4 and MetaTrader 5 platforms. A standout feature of this broker is the delivery of comprehensive weekly market analysis updates via email — an offering that’s fairly unusual but interesting. Additionally, MultiBank’s customers can benefit from free VPS hosting and the FIX API, popular among experienced traders.

Regarding fees, our tests showed that MultiBank features tight spreads, low commissions, and minimal swap fees. A swap-free Islamic Account is also available. The spreads were recorded at 1.9 for GBP/JPY and 0.05 for WTI oil. Notably, the broker doesn’t charge deposit or withdrawal fees but does levy an inactivity fee.

Pros
  • Competitive fees.
  • Massive range of CFDs on shares.
  • Free VPS hosting.
  • Helpful educational courses and e-books.
Cons
  • An inactivity fee.

Best for Professional Traders

4.6
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
  • Min Deposit
    $250
  • Tradable Instruments
    17252
  • Fees
    Medium

Founded in 1974, IG provides access to more than 17,000 financial instruments in forex, stocks, indices, commodities, bonds, ETFs, and cryptocurrencies. IG’s entities are regulated by 11 regulators, including BaFin, FSCA, ASIC, FINMA, and FCA.

Regional Features:

  • BaFin-regulated entity: IG Europe GmbH
  • BaFin-ID: 10148759
  • Office in Germany: Westhafenplatz 1, 60327 Frankfurt am Main
  • Number of EUR-denominated instruments: 1,000+
  • EUR/USD average spread: 0.8
  • Available platforms: Proprietary IG platform, L2 Dealer, MT4, ProRealTime
  • Website available in German

IG offers a custom-built web platform and mobile trading app, which are simple and easy to use. Advanced traders can benefit from third-party platforms like L2 Dealer, MetaTrader 4, and ProRealTime. Traders have access to direct market access (DMA) trading and algorithmic trading.

The broker offers 17,000+ financial instruments, so advanced traders will have plenty of options to choose from. IG provides an excellent range of research materials, including detailed market news, videos, special event webinars, and trading ideas. In my opinion, the quality of the research offering is always important for advanced traders who feel the pressure to employ money at any given point in time, so they always search for new trading ideas. Personally, I prefer to go through others’ trading ideas to spot opportunities I might have missed and take a look at a second opinion on the instruments I trade.

Our tests indicated that IG’s fees are highly competitive overall and better than the industry average. For example, during our test, spreads for EUR/USD ranged from 0.6 to 0.9 pips, while spreads for WTI oil stood at 0.02 pips.

Pros
  • Variety of advanced trading platforms.
  • Competitive fees.
  • Direct market access trading.
  • Wide range of research materials.
Cons
  • Our tests showed that customer support via live chat is slow.

Best for Beginners

"DFSA: Pepperstone Financial Services (DIFC) Limited is registered in the Dubai International Financial Centre (‘DIFC’) and is regulated by the Dubai Financial Services Authority (‘DFSA’) under license number F004356 to arrange deals in investments. Pepperstone Financial Services (DIFC) Limited is a wholly owned subsidiary of Pepperstone Group Limited which is licensed and regulated by the Australian Securities and Investments Commission under AFSL 414530. Pepperstone Group Limited is the product issuer. All client money is held by Pepperstone Group Limited in segregated accounts in accordance with ASIC regulations. By clicking ""Register"", you agree to the terms of the DIFC Privacy Policy and the AU Privacy Policy. Already a client? Login here. CMA: Risk Warning: Trading FX and CFDs is risky. For more information please see our legal documents here. Pepperstone Markets Kenya Limited is registered at 2nd Floor, The Oval, Ring Road Parklands, Nairobi, Kenya and is licensed and regulated by the Capital Markets Authority, Licence No 128. By clicking ""Register"", you agree to the terms of the Privacy Policy. Already a client? Login here."
  • Min Deposit
    $0
  • Tradable Instruments
    1151
  • Fees
    Medium

Founded in 2010, Pepperstone offers trading in forex pairs, commodities, stocks, and indices. The broker has a strong global presence and is regulated by multiple top-tier regulators, including BaFin, CySEC, ASIC, and FCA.

Regional Features:

  • BaFin-regulated entity: Pepperstone GmbH
  • BaFin-ID: 10151148
  • Office in Germany: Neubruckstrase 1, 40213 Düsseldorf
  • Number of EUR-denominated instruments: 105
  • EUR/USD average spread: 1.1
  • Available platforms: MT4, MT5, cTrader, TradingView, Capitalize.ai
  • Website available in German

Pepperstone offers an extensive array of tradable platforms, including MT4/MT5, cTrader, TradingView, and Capitalize.ai. I’d recommend beginner traders to start their journey with TradingView, given its user-friendly interface. The broker also provides custom indicators for MetaTrader 4 and MetaTrader 5, as well as VPS hosting.

My research showed that Pepperstone excels in educational resources, featuring articles, video tutorials, courses, and live webinars. Our assessments confirmed that the broker’s customer support is prompt, knowledgeable, and supportive — key attributes for newcomers who often require guidance with platforms, deposits, withdrawals, and more.

Talking about fees, our analyses indicated that Pepperstone’s Standard Account fees are largely in line with industry averages. For example, EUR/USD spreads varied between 1 and 1.1 at the time of our evaluation, while GBP/JPY spreads were in the 2.5 – 2.8 range. German DAX is also available for trading, with spreads ranging between 0.9 and 1.5 during our tests.

Pros
  • Wide range of available trading platforms.
  • 24/7 customer support.
  • Capitalize.ai, Autochartist.
  • Robust educational resources.
Cons
  • Some spreads on the Standard Account fall behind industry leaders.

Best Low Spreads

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
  • Min Deposit
    $0
  • Tradable Instruments
    10762
  • Fees
    Low

Founded in 1989, CMC Markets offers trading in currency pairs, indices, cryptocurrencies, stocks, ETFs, and Treasuries. The broker operates under the oversight of multiple financial authorities, including top-tier regulators such as BaFin, ASIC, and the FCA.

Regional Features:

  • BaFin-regulated entity: CMC Markets Germany GmbH
  • BaFin-ID: 10154814
  • Office in Germany: Neue Mainzer Strase 46-50, Garden Towe 60311 Frankfurt am Main
  • Number of EUR-denominated instruments: 1,000+
  • EUR/USD average spread: 0.7
  • Available platforms: Proprietary Next Generation platform, MT4
  • Website available in German

CMC Markets performed favorably in our fees tests, showcasing attractive numbers for various instruments. For instance, the spreads for EUR/USD were recorded at 0.7, while WTI Oil spreads stood at 0.3. The swap fees align with industry standards, presenting a fair deal for traders. The broker does not charge fees for deposits and withdrawals but has an inactivity fee of 10 units of the account base currency.

CMC clients have access to MetaTrader 4 on desktop, web, and mobile. Additionally, the broker offers its proprietary Next Generation platform via web and mobile interfaces. For MT4, CMC provides 12 add-ons, including Mini Terminal for streamlined pending order management and Sentiment Trader for insightful sentiment analysis. The broker also incorporates the popular Autochartist tool for in-depth technical analysis and offers a free VPS service to eligible clients.

In addition to their suite of research tools, CMC introduced the Alpha Premium Trader Netzwerk — a dedicated community for German traders. This platform offers an interactive space for traders to share strategies and insights. Plus, members benefit from exclusive research provided by in-house analysts.

Moreover, my research revealed that CMC Markets offers an extensive selection of more than 12,000 tradable instruments. This diverse offering greatly exceeds the industry average in almost all categories except for cryptocurrencies, so CMC Markets’ clients will always have something to trade.

Pros
  • Competitive spreads and fees.
  • Outstanding range of tradable instruments.
  • MT4 add-ons and indicators.
  • Strong research resources.
  • Alpha Premium Trader Netzwerk for German traders.
Cons
  • An inactivity fee.

How to Choose A BaFin Regulated Forex Broker?

Use our guide to define the best-suited BaFin-regulated forex broker according to your trading goals.

How to choose a safe BaFin-regulated forex broker?

The process of choosing a broker begins with learning where your potential broker is regulated. BaFin is a top-tier regulator which ensures that brokers provide maximum protection to their clients. In our research, we divide regulators into three tiers: Tier-1, Tier-2, and Tier-3.

  • Tier-1 regulators have strict oversight and impose certain limits on services offered to retail clients (for example, the leverage for retail clients is usually limited at 1:30). Such regulators usually provide access to investor compensation schemes. They also demand that brokers provide negative balance protection and keep clients’ funds in segregated accounts. Tier-1 regulators include BaFin, CySEC, ASIC, and UK FCA.
  • Tier-2 regulators also offer strict oversight but usually do not limit leverage for retail clients. In addition, investor compensation schemes are typically not available at Tier-2 regulators. FSCA is a good example of such a regulator.
  • Tier-3 regulators are offshore regulators that do not impose limits on leverage for retail clients and do not provide access to compensation schemes. FSA Seychelles and FSC Mauritius are among Tier-3 regulators.
  • Unregulated brokers operate without oversight from any formal financial regulatory authority. Unlike regulated brokers, which have to comply with rules and guidelines set by financial bodies to ensure transparency and protection for traders, unregulated brokers are not bound by such requirements. Trading with an unregulated broker carries a high level of risk, including the potential for financial loss, fraud, or scams.

Traders should prioritize essential safeguards such as negative balance protection, segregated funds, and compensation funds, all of which offer reassurance in case of financial issues. Traders should note that offshore regulators do not impose strict limits on leverage, allowing traders to access high levels of leverage but offer lower levels of protection. You should be aware that compensation schemes may not be available. Consequently, if a broker faces financial difficulties, traders will have to navigate the situation independently.

In stark contrast, BaFin stands as a Tier-1 regulator, ensuring that traders are comprehensively shielded with all necessary protections.

Read more about Best regulated forex brokers in our detailed guide.

What fees should you focus on when choosing the broker?

Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.

  • The spread is the difference between the bid and the ask price. The higher the spread, the more you pay for the trade. In our rating system, we deem spreads below 1 pip for EUR/USD and 3 pips for GBP/JPY to be low. See our guide on the best lowest spread forex brokers.
  • A commission is a fixed cost of entering the trade. Accounts that charge commissions usually offer lower spreads. For example, commissions below $3 for forex pairs and gold are considered low.
  • A swap/rollover fee is charged when you hold a leveraged position overnight. Traders should pay extra attention to these fees if they plan to use swing trading strategies, which involve holding positions for several days or even weeks. A swap rate below 0.5 pips for forex pairs is considered favorable.
  • A broker imposes an inactivity fee when an account remains dormant for a specified period of time. In this case, a certain amount of money is charged on a monthly basis. An inactivity fee below $10 is considered to be low.

How to choose the right account for trading?

You should understand the differences between various types of accounts.

  • Demo accounts are used for practice without risking real money. Such accounts are highly recommended for novice traders making their first steps in trading. Read more about the best forex demo accounts.
  • Spread-based accounts typically charge spreads and swap/rollover fees. These accounts usually represent a good choice for traders whose trading volume is expected to be relatively modest.
  • Commission-based accounts charge commissions in addition to spreads and swap/rollover fees. Typically, such accounts offer tighter spreads. They are suitable for traders who anticipate a high volume of trading.
  • On Islamic accounts, swap/rollover fees are not charged to ensure compliance with Sharia law. See our guide on the best Islamic forex accounts.
  • Professional accounts usually have a high minimum deposit and offer access to high leverage that most professional traders are looking for.

How to choose a trading platform?

Typically, most brokers offer access to MetaTrader 4 and/or MetaTrader 5. Those are sophisticated platforms with a variety of tools tailored mainly for experienced traders. Hence, beginners may need to spend some time learning the ropes.

Some brokers have also developed their own in-house trading platforms. These platforms are usually tailored to the needs of traders at various experience levels. They are easy to navigate and simple to use.

The choice of trading platform largely depends on personal preferences and trading experience. In my opinion, for novice traders, it’s better to start with a user-friendly platform or a mobile app, whereas experienced traders would often prefer MT4/MT5. Read more about best MT4 and best MT5 forex brokers.

What leverage is available for traders?

Leverage provides traders with the opportunity to boost their profits through the use of borrowed funds. The higher the leverage, the greater your potential profits may be. However, leverage can be a double-edged sword, as it can also magnify potential losses. Thus, I would advise beginner traders to start with low levels of leverage to avoid the risk of substantial losses.

For those comfortable with these dynamics, FX Empire offers a list of the best forex brokers with high leverage, carefully selected to suit specialized trading needs.

The maximum potential leverage a broker can offer is determined by the regulator. BaFin-regulated forex brokers limit leverage for retail clients. Usually, clients can get access to higher leverage if they qualify for professional status.

What to avoid when choosing a broker?

Based on my trading experience, I have outlined the five things to avoid when choosing a broker:

  • Failing to verify regulatory compliance.
  • Overlooking broker fees, such as spreads, commissions, and swap rates.
  • Selecting an account type that does not match your requirements.
  • Neglecting to review the range of instruments provided by the broker.
  • Avoiding direct communication with the support team before opening an account.

How to avoid forex and CFD scams?

To safeguard yourself against forex scams, follow these essential guidelines:

  • Research and choose a reputable broker. Conduct thorough research to identify a broker with a solid reputation and a history of regulatory compliance. Verify its credentials and look for reviews or testimonials from reliable sources.
  • Check the regulatory status. Ensure that the broker you selected is regulated by a recognized financial authority. This oversight provides a decent level of protection and ensures adherence to industry standards.
  • Be cautious of unrealistic promises. Beware of brokers or investment schemes that promise guaranteed high returns or low-risk opportunities. Forex trading involves inherent risks, and legitimate brokers will not make unrealistic claims.
  • Avoid unregulated entities. Steer clear of unregulated brokers or those operating from offshore jurisdictions with weak regulations. Regulatory oversight helps protect your funds and ensures fair trading practices.
  • Understand the terms and conditions. Read and comprehend the broker’s terms and conditions, including fee structures, withdrawal policies, and any potential hidden costs. Beware of brokers that make it difficult to access or withdraw your funds.
  • Use secure payment methods. Choose reputable payment methods that offer additional security layers, such as bank transfers or established electronic payment systems. Avoid dealing with brokers that solely accept cryptocurrency or other non-traceable forms of payment.
  • Stay informed and educated. Continuously educate yourself about forex trading and stay updated on market trends and news. This knowledge will empower you to make informed decisions and identify potential scams.
  • Trust your instincts. If something seems too good to be true or raises suspicions, trust your gut instinct and exercise caution. Take the time to seek advice from trusted financial professionals or consult with experienced traders before making any decisions.

And if you are still uncertain, you can always check out our database of reviews to find the most reliable brokers.

Our Methodology

FX Empire, with a history dating back to 2011, has established itself as a reputable authority in broker reviews. Our extensive experience in evaluating CFD brokers, spanning over a decade, has led us to develop a meticulous and comprehensive review strategy. Adhering to stringent guidelines for editorial integrity, we consistently uphold our commitment to deliver unbiased evaluations.

We follow a diligent protocol for our review process, integrating objective criteria and quantifiable data. This methodical approach allows us to generate a justified score that accurately reflects the performance of a broker. Our mission is to provide traders with thorough and unbiased reviews, empowering you to make well-informed decisions aligned with your specific needs.

To choose the best brokers for you, we rate them across nine categories and calculate a score that reflects their performance. The categories include:

  • Trust and Stability
  • Fees
  • Platform and Tools
  • Tradable Instruments
  • Account Types
  • Deposit and Withdrawal
  • Research
  • Customer Support
  • Education

We open accounts, test platforms, measure spreads, and chat with support teams to collect as much data as possible for each broker. Overall, we evaluate brokers based on more than 250 distinct data points. Every category receives a rating from one star (weak) to five stars (excellent). The broker’s total score depends on its performance in each of these nine categories.

We highlight each broker’s strengths and weaknesses, explain regulatory details, and share the results of our live tests of brokers’ fees, customer support, and trading platforms. To learn more about our review process, click here.

In this article, I focused on forex brokers regulated by BaFin. I’ve given priority to brokers that offer specific local features, including the availability of EUR as a base currency or trading pair, a German version of the website, and customer support in the German language.

Meet our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

BaFin stands for the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht in German), and it serves as Germany's primary financial regulatory agency. When it comes to forex brokers, BaFin is a top-tier regulator that enforces stringent requirements.
To be regulated by BaFin, the broker must have an office in the country and a minimum working capital of 750,000 EUR. Besides that, a broker must adhere to rigorous standards that include segregating client funds in separate accounts from the broker's operating funds and offering features like negative balance protection. Additionally, BaFin mandates regular auditing of these financial entities to ensure ongoing compliance and to protect the interests of traders.
Forex brokers are regulated by BaFin in Germany.
BaFin ensures that brokers provide negative balance protection and segregate their funds from the funds of clients. BaFin also limits leverage at 1:30 for retail clients so that they do not take excessive risks.
To confirm whether a broker is regulated by BaFin, consult the database on BaFin’s official website.
Our research showed that MultiBank, IG, Pepperston, CMC Markets, and RoboMarkets are the top 5 BaFin-regulated forex brokers.
Pepperstone is the best BaFin-regulated broker for beginners. It has a wide range of trading platforms, provides strong educational offering, and 24/7 customer support.
IG is the best BaFin-regulated broker for professional traders. The broker offers 17,000+ tradable instruments, multiple trading platforms, and a wide range of research materials.
MultiBank is the best forex broker for German traders. The broker offers 20,000+ tradable instruments, tight spreads, and a wide range of account types. The clients’ accounts are insured up to $1,000,000.
Yes, crypto trading is legal in Germany, and you can trade crypto with BaFin-regulated brokers.
BaFin sets the maximum leverage for retail clients at 1:30.
Negative balance protection is a feature offered by some brokers that protects traders from incurring a negative account balance. In forex trading, it is possible to lose more money than you have in your account due to leverage, which magnifies both gains and losses. With negative balance protection, the broker guarantees that the trader's account balance will never go below zero, even in the event of a sudden and significant market move that results in a large loss.
To verify whether your broker has negative balance protection, you can review the terms and conditions of your account agreement, which should outline the broker's policy on negative balance protection. This information is usually available on the broker's website or can be obtained by contacting their customer support team.
A compensation scheme is a type of investor protection program that provides financial compensation to investors who have suffered losses as a result of a broker's insolvency, fraud, or other misconduct. Compensation schemes are designed to protect investors from financial harm and to promote confidence in the financial markets. In most countries, compensation schemes are established and regulated by the government or financial regulatory agencies. These schemes typically have specific eligibility requirements, such as a maximum level of compensation per investor or per claim, and may only cover certain types of financial instruments or transactions.
You can check their regulatory status and the terms and conditions of your account agreement. You can also check the website of the compensation scheme in your country or region to see if your broker is listed as a member.
A segregated fund refers to the practice where brokers hold their clients' funds separate from their own operational funds. This is done to protect clients' funds in the event of the broker's bankruptcy or other financial difficulties.
To verify if a broker offers segregated funds, you can check their website, contact them directly, review their regulatory filings, look for independent reviews, or consult with a financial advisor.

About the Author

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.