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Leading Brokers is a list of FX and CFD brokers which are properly licensed in their home jurisdiction by a recognized national financial regulator (e.g. The FCA in the UK, CySEC in Cyprus, ASIC in Australia). Many if not most of the brokers on FNG’s list of Leading Brokers also have subsidiaries which are separately licensed in other jurisdictions.

Only properly licensed brokers are included on FNG’s Leading Brokers list. We encourage all retail traders to only open an account with a broker properly licensed and regulated in your country. Do not be fooled by brokers showing certificates from non-governmental entities which basically pose as regulators, such as so-called dispute resolution organizations or trade verification services.

Most national regulators enact rules or encourage broker behavior such as segregating client funds in separate bank accounts, providing fair quotes to traders at all times, and requiring client cash withdrawal requests to be met in a timely manner. Several also have in place client insurance and compensation schemes (up to certain maximum amounts), such as the FSCS in the UK, in the event of the insolvency of a broker.

Before putting any money with (or even sending your personal information to) a broker consider the following:

Do you know where this broker actually sits? Do they have a real office in a real building? Or, are they just showing an offshore address (or a fake address in another country) and a VoIP telephone number?

Can you easily figure out who the broker’s CEO is, as well as the other senior officers? Or, is the broker hiding who is really behind the company? (That’s NEVER a good sign!)

Can you easily find the broker on a national regulator’s registry of properly licensed financial companies? Again, do not be fooled by certificates from so-called dispute resolution organizations or trade verification services. Only real national regulators can provide some modicum of assurance to traders that their broker is operating properly.

Click on the logo of any of the brokers below to see more information about each. You can also search FNG (search box at top right of all FNG pages) to find recent news about a particular broker. If you have any questions about one of the FX and CFD brokers referred to below, or about any other broker, feel free to contact us at

IG Licensed in: UK, Australia, Cyprus, USA, Germany, Bermuda, Japan, Singapore, South Africa, Switzerland, Dubai
INFINOX Licensed in: UK, Bahamas, Mauritius, South Africa
ATFX Licensed in: UK, Cyprus, Mauritius, St Vincent & the Grenadines
NAGA Licensed in: Cyprus, Seychelles
Equiti Capital Licensed in: UK, UAE, Jordan, Cyprus, Kenya, Armenia
FP Markets Licensed in: Australia, Cyprus, South Africa, Kenya
Exness Licensed in: UK, Cyprus, Seychelles
IronFX Licensed in: UK
Vantage Licensed in: Australia, UK, Cayman Islands, Vanuatu
MultiBank Licensed in: Australia, Germany, Austria, Cyprus, UAE, Cayman Islands, BVI, Singapore, Vanuatu, China
CFI Licensed in: UK, Dubai, Cyprus, Jordan, Lebanon, Mauritius, Vanuatu, Seychelles
IC Markets Licensed in: Australia, Cyprus, Seychelles, Bahamas
Axi Licensed in: Australia, New Zealand, UK
Tickmill Licensed in: UK, Cyprus, South Africa, Labuan, Seychelles
Deriv Licensed in: Malta, Labuan, BVI, Vanuatu
ACY Securities Licensed in: Australia, St Vincent & the Grenadines
Swissquote Licensed in: Switzerland, UK, Cyprus, Dubai, Hong Kong, Malta, Singapore
Pepperstone Licensed in: Australia, UK, Dubai, Bahamas, Cyprus, Germany, Kenya
FXCM Licensed in: UK, Cyprus, South Africa, Australia, Israel