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Best MiFID Regulated Forex Brokers - For Greater Trading Experience‎

There is so much you need to learn than to expect when you wish to try waters in forex trading. So, before you decide to put live currency to test, it is better to have a fair understanding of what you could be facing in the market. This is where the services of MiFID regulated forex brokers come into the picture with all their online services and educational tools. Most of these forex brokers offer you round-the-clock or 24/5 support services, in case you need any help or assistance.

Whether you’re a seasoned forex trader or a novice, forex brokers can help you wade through the testing waters in a competitive market like the forex. Without their help, it is far difficult for any trader to survive the tough conditions of the market, let alone thrive on it.
Here is a list of MiFID regulated forex brokers you may wish to consider when you’re ready to jump into the forex market:

1. XM
Formerly known as XEMarkets, XM is a Cyprus-headquartered online trading platform that offers its users 2 account types to do all their forex trading, currency trading, energies, precious metals, equity indices, and CFDs. Whether you’re a professional and experienced trader or a novice in trading, there is something for everyone with XM. It is regulated by FCA in the UK, FSP in New Zealand, ASIC in Australia, and CySEC.

2. HotForex
100% SuperCharged BonusHeadquartered in Mauritius and founded in 2010, HotForex is a leading ECN forex broker that provides its users with a wide range of trading conditions and currency pairs than most other brokers in its category do. Some of the major offerings you can look forward to in choosing HotForex include exotic currency pairs, MetaTrader4 platform, tight spreads and a minimum $5 deposit. HotForex is regulated by CySEC and FSC.

3. is one of the best options you have when it comes to choosing a forex broker. A subsidiary of Playtech, has received several awards and other recognitions over the past years. Any trader with a minimum deposit of just $100 will be able to take advantage of trading leverages up to 200:1 and competitive spreads. A standard account can be set up on within seconds and the trading can be initiated as soon as you transact funds. In addition to trading in forex market, users can trade in equities, commodities, currencies, CFDs, stocks, oil, and gold through this broker that is regulated by ASIC, FSB, and CySEC.

4. easy-markets
Founded in 2003, easy-markets is one of world’s largest online trading services provider that has its trading rooms, offices, and customer support centers spread across the globe. With its headquarters in Cyprus, easy-forex is licensed by ASIC in Australia, MiFID in Europe, and CySEC in Cyprus. Setting up an account with easy-markets is simple and users have the choice in selecting an account based on the level of risk they’re willing to face. The forex broker also provides demo accounts for those who wish to trade via online, desktop, or mobile.

5. IronFX
Besides providing every user an opportunity to access all kinds of markets, IronFX, a Cyprus-based broker, offers lots of trading opportunities whilst complying with all international regulatory standards. Also, with over 1,800 employees working from over 55 offices worldwide, IronFX offers its trading services and provide support services in over 46 languages! This broker has more than 3000 instruments on offer across Forex, CFDs, and spot metals on UK and US stocks and commodities. IronFX is regulated and authorized by CySEC, BaFin, UCRFIN, CRFIN, FSP, ASIC, and FCA.

6. eToro
Recipient of several prestigious awards, eToro is a Cyprus-based leading social site that serves as a dynamic platform for over 5,000,000 traders to collect all information related to forex from other traders to help them trade using their own accounts. Today, eToro is regulated by various financial bodies, including MiFID, CFTC, FCA, ASIC, CySEC, and NFA.

7. AvaTrade
AvaTrade is counted among the best and most popular forex brokers in the world today. Established in 2006, AvaTrade has its offices spread across the world, including New York, Tokyo, Milan, Sydney, Dublin, and others. While AvaTrade is licensed by MiFID in the EU, it is regulated by FSC in Japan, Central Bank of Ireland, B. V. I. Financial Services Commission and ASIC in Australia.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.