Forex Regulation in Europe – Which Government Bodies Regulate Forex Brokers in the EU?

Forex Regulation in Europe – Which Government Bodies Regulate Forex Brokers in the EU?

Forex regulation in Europe falls under MiFID II guidelines, which means that a standard set of rules and regulations apply to all European Union member states equally. A common, perfectly legal practice in the EU is for FX brokers to obtain a license in a region like Cyprus and then “passport” regulation to all EU member states. Bear in mind that each EU member state has specific rules and regulations pertaining to their respective country which, in some cases, may supersede EU regulation. Because of potential differences between pan-EU and member state regulations, it’s helpful to know which regulatory body in each EU member state is responsible for forex & CFD regulation. We’ve outlined each EU member state’s regulator body below and as a supplement, also added a couple of non-EU member states to the list in order to provide you with a comprehensive picture.

If your brokerage is seeking regulation in Europe, from our experience the most common jurisdiction to obtain a forex broker license would be in Cyprus. After Cyprus, Malta is the next potential jurisdiction to consider, followed by Bulgaria. Finally, we shouldn’t rule out the United Kingdom from this list. Note, however, that the UK’s relationship with the EU is currently being decided so specific rules pertaining to the region are subject to change.

A Complete List of EU Forex & CFD Regulators (Highlight the Flag to View Regulators)


Austria Regulator

Financial and Capital Market Commission (Finanzmarktaufsicht) – FMA

Belgium Regulator

Services and Markets Authority (Autoriteit Voor Financiële Diensten En Markten) – FSMA

Croatia Regulator

Croatian Financial
Services Supervisory Agency (Hrvatska agencija za nadzor
financijskih usluga

Cyprus Regulator

Market Authority (Επιτροπή Κεφαλαιαγοράς
) – CySEC

Czech Republic Regulator

(Česká národní banka) – CNB

Denmark Regulator

(Finanstilsynet) – DFSA

Estonia Regulator

(Majandus- Ja Kommunikatsiooniministeerium) – MKM

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Finland Regulator

(Finanssivalvonta) – FINFSA

France Regulator

(Autorité des marchés financiers) – AMF

Germany Regulator

(Bundesanstalt für Finanzdienstleistungsaufsicht) – BaFin

Gibraltar Regulator

(Gibraltar Financial Services Commission) – CMC

Greece Regulator

Capital Markets Commission (Επιτροπή Κεφαλαιαγοράς) – CMC

Hungary Regulator

Central Bank of Hungary (Magyar Nemzeti Bank) – MNB

Ireland Regulator

Central Bank of Ireland (Banc Ceannais na hÉireann) – CONSOB

Italy Regulator

Financial Market Authority (Commissione nazionale per le società e la borsa) – CONSOB

Latvia Regulator

Financial and Capital Market Commission (Finanšu un kapitāla tirgus komisija) – FCMC

Lithuania Regulator

Securities Commission (Lietuvos vertybinių popierių komisija) – LSC

Luxembourg Regulator

Sector Supervisory Commission (Commission de Surveillance du Secteur Financier) – CSSF

Malta Regulator

Malta Financial Services Authority (Awtorità tas-Servizzi Finanzjarji ta’Malta) – MFSA

Netherlands Regulator

Markets Authority (Autoriteit Financiële Markten) – AFM

Norway Regulator

The Financial Supervisory Authority Of Norway (Finanstilsynet) – NFSA

Poland Regulator

Financial Supervision Authority (Komisja Nadzoru Finansowego) – FMA

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Portugal Regulator


Romania Regulator

National Securities Commission (Comisia Națională a Valorilor Mobiliare) – CNVMR

Russia Regulator

Spanish Securities Market Commission (Comisia Națională a Valorilor

Spain Regulator

Spanish Securities Market Commission (Comisión del Mercado de
) – CNMV

Sweden Regulator

Financial Market Authority (Finansinspektionen) – FSA

Switzerland Regulator

Market Supervisory Authority (Finanzmarktaufsicht) – FINMA

Ukraine Regulator

National Securities and Stock Market (Національна комісія з цінних паперів та фондового ринку) – NSSMC

UK Regulator

Market Authority (The Financial Conduct Authority) – FCA


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