Trusted & Regulated Forex Brokers List 2024

The forex market is the largest financial market in the world. The industry, which includes brokers and traders, has a combined total of $6.6 trillion in daily trading volume. That is more than 18 times what NASDAQ trades on an average day! Needless to say, this is no small investment opportunity. So, when you trade in the foreign exchange market, it is important to find the best regulated forex brokers. The top regulated forex brokers will offer competitive spreads and liquidity, as well as provide trading tools such as charts and technical indicators. Trading with the most trusted forex brokers will get you confidence and avoid fraudulent broker scams.
In this guide, we will explore what makes a broker regulated, how regulation can help your trading experience, and which brokers are worth checking out.

What is a Regulated Forex Broker?

As the name suggests, regulated forex brokers are the one that complies with the laws and regulations of their local jurisdiction. This means you can expect certain minimum standards in terms of safety, security, and customer support to be met by your chosen forex broker. Moreover, you also have recourse if something goes wrong or there are any disputes between yourself as an investor and your brokerage company.
Regulation is very important to ensure customer protection. Many brokers turn out to be rogue operators with no license. Therefore, the local Government of respective countries takes steps in order to protect the customers or traders. Regulation of forex brokers offers trade transparency which helps regulators keep their eye on brokers' actions and fight any unfair treatment towards clients (such as not receiving withdrawal requests).

Does Forex have Central Regulation?

Forex doesn’t have any central regulation. Forex regulation can vary by country but most jurisdictions provide some form of protection like segregated accounts held within a trusted company, minimum capital requirements, and segregation between brokerage accounts at different banks.
The local forex regulation ensures brokers who want to offer their services in a certain country must follow specific rules and regulations. So they can start offering forex trading services while protecting the client at the same time. A good example of this is where if you are based in Europe and want to open an account with a broker outside the European Union (for example Australia) you should be aware that your transaction will not have any protection by EU laws. But rather Australian law might work differently for different people depending on their location. Therefore, it's important that before signing up with top regulated forex brokers you check out what kind of protections do compliance rules provide for clients from your region? In addition, make sure you fully understand all the risks involved with any foreign broker.