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Compare Best Regulated Forex Brokers For Beginners

Compare the best regulated forex brokers for beginner traders. When scouting for a reliable FX broker, regulation and oversight is always a top-priority. Of course, regulated firms promote financial transparency, superior customer service, and stringent operational monitoring.

> Searching for a highly-regulated, security-focused, and beginner-friendly forex broker that caters to your trading strategy & approach? Review our extensive broker recommendations – based on security protocols, client safety, trading platforms, and educational resources.

Read on to learn about the best regulated forex brokers for beginners.

AvaTrade

Choose the best forex broker for US clients, AvaTrade as a beginner. AvaTrade is a regulated broker offering a safe and secure trading environment. The platform has received regulated broker licenses in Japan, EU, UAE, Australia, AvaTrade Colombia, South Africa, and the British Virgin Islands. Using their platform, you can trade in 44 forex options and 1,200 CFDs. AvaTrade is regulated by top-tier licenses, which includes –

  • Australian Securities & Investment Commission (ASIC)
  • Canadian Investment Regulatory Organization (CIRO)
  • Japanese Financial Services Authority (JFSA)
  • European Union by MiFID

AvaTrade ensures the security of your funds through its strict compliance measures. As a Beginner, you can also improve your trading skills using their education resource. Surely select the best-regulated beginner forex broker AvaTrade to start trading.

OANDA

OANDA is consistently ranked one of the best regulated brokers for beginner-friendly FX trading. Prioritizing client security & safety, OANDA, one of the best forex broker Colombia, empowers you with comprehensive regulatory oversight – spanning across the retail trading industry.

Notably, the broker is fully-regulated in 9+ global regions, including:

  • United States
  • Canada
  • United Kingdom
  • Poland
  • Singapore
  • Australia
  • Japan
  • Malta
  • Spain

> In addition to regulation, OANDA prioritizes transparent pricing models – based on custom-build algorithms, live prices, and real-time spreads. The goal, keeping you informed, protected, and profitable.

Start trading EUR/USD, USD/CAD, USD/JPY, and other popular FX pairs – with maximum leverage requirements regularly assessed by trusted regulators. OANDA remains one of the best forex brokers in the world for beginners worldwide.

TastyFX

Beginners additionally recommend TastyFX as one of the best regulated FX brokers. Notably, TastyFX is regulated by the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) in the United States. With this level of oversight, you can trade profitable FX currencies with up to 1:50 leverage on major pairs.

> If you prefer to trade outside the major, well-known currencies, TastyFX offers 1:20 leverage on minor forex pairs – with comprehensive NFA regulation. Overall, TastyFX supports 80+ global currency pairs – however, options, commodities, or futures are currently unavailable.

Of course, TastyFX is another best-rated regulated legal forex broker for beginners.

FxPro

FxPro is a well-reputable and regulated Forex broker suitable for beginners. Founded in 2006, the broker has received regulatory licenses from Tier 1, Tier 2 and Tier financial bodies in the UK (FCA), Cyprus (CySEC), South Africa (FSCA) and Bahamas (SCB). FxPro’s website complies with the most strict safety requirements, such as ‘best execution policy’.

Additionally, the trading platform charges low and competitive spread fees in currency pairs. For instance, if you trade 1 lot of EUR/USD, you will pay only $8, meaning their rate are below the market standard.  Plus, FxPro gives you access to trading platforms — MT4/5, and its own FxPro Edge, and cTrader. Indeed, FXPro highlights as one of the best regulated brokers for beginners.

Plus500

Plus500 is another best regulated forex broker for beginners. Plus500 is a listed company in the UK holding a regulatory track record. The broker is regulated by ASIC, CySEC, FCA, FMA, FSCA, and MAS licenses. All of the funds in your Plus500 account are held securely in segregated client bank accounts. Plus500 as it’s regulated in different countries such as –

  • United Arab Emirates
  • Australia
  • Cyprus
  • Estonia
  • Israel
  • New Zealand
  • Seychelles
  • Singapore
  • United Kingdom
  • South Africa

As a Beginner, you can start trading with their user-friendly, web-based trading platform. You can choose from the broad asset class in equities and options. Surely trade with best regulated forex broker Plus500.

XTB

Compare XTB as another regulated forex broker for beginners. Overall, XTB scores highly as a trusted and regulated forex broker – offering features, tools, platforms, and resources tailored to beginner and expert clients. The combination of cutting-edge trading tools, security protocols, and global regulation make XTB a reputable choice to seriously elevate your forex activities.

> Keep in mind, XTB is not currently regulated for forex trading in the United States.

For additional questions or concerns about regulation, XTB’s dedicated, knowledgeable, and active customer support is highly-regarded as well. Get in touch for additional insights on global offerings, international oversight, and secure funding methods. XTB is another best-rated forex broker review to compare for beginners and seasoned traders.

Trading.com

Accelerate your journey with Trading.com – one of the best regulated forex brokerages for beginners. Trading.com is regulated by the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) – where the broker is registered as a Retail Foreign Exchange Dealer (RFED).

With NFA and CFTC oversight, Trading.com prioritizes strong client personal data protection, risk management, and robust security protocols. Here are a few of the broker’s additional measures & procedures for trader security:

  • Support Transport Layer Security (TLS) Payment Methods
  • Maintain A Fair & Transparent Execution Policy
  • Collaborate With Global Liquidity Providers
  • Establish Procedures To Measure Trader Appropriateness
  • Monitor Trading Condition & Cost Transparency
  • Don’t Share Data With Third-Parties Without Consent

Open a beginner account with Trading.com – one of the best regulated forex brokers in the world.

Author of this article

Picture of Chad Axelrod

Chad Axelrod

Chad Axelrod is a professional forex trader and market analyst with 15+ years of industry experience. Starting his career on Wall Street, he quickly realized his passion for writing and finance, working with a national publication for a decade. Through his posts, reviews, and broker comparisons - he believes beginner and seasoned traders should make informed decisions while selecting a broker. Leading the team at BrokerageToday.com, Chad prioritizes publishing unbiased and transparent reviews for traders in the industry.

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