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ESMA (European Securities and Markets Authority) has introduced new stringent / draconian regulations for Forex Brokers who are regulated within the European Union. These restrictions greatly impact the amount of leverage a retail trader can access when trading Forex or CFD's with these brokers that are regulated in an EU country (including the United Kingdom - FCA). For more information and an explanation of these new regulations, please see this ESMA Regulations article.

Below is a list of Forex Brokers that are not regulated within the EU's jurisdiction and are therefore not subject to the new ESMA regulations - which means that EU citizens can still access non-esma restricted leverages and margins. In generating this list, we have used the best knowledge at hand to us and believe in it's accuracy, however due to the continually changing regulatory environment, it is still best practice to first check with a broker as to their ESMA compliance requirements before signing up with them.

non esma forex brokers

Compare Forex Brokers FX Broker Headquarters HQ Founded Regulation Min Contract Max Lev #Pairs ECN
Belmopan, Belize 2009 IFSC (Belize) 0.01 2000:1 28
Auckland, New Zealand 1999 FMA (New Zealand) 0.01 300:1 70
Anguilla, British West Indies 2002 None 0.01 400:1 50
Vienna, Austria 1998 None 0.01 400:1 60
Tortola, British Virgin Islands 2007 FSC (British Virgin Islands) 0.01 2000:1 46
2000 None 0.1 100:1 24
Tbilisi, Georgia 2011 NBG (Georgia) 0.01 3000:1 39
Geneve, Switzerland 2009 None 0.1 400:1 16
New York, United States 2007 None 0.01 400:1 24
Tortola, British Virgin Islands 2006 FSC (British Virgin Islands) 0.01 400:1 47
Sydney, Australia 2004 ASIC (Australia) 0.1 100:1 28
Atlantida, Honduras FSA (Honduras) 0.1 200:1 34
Kowloon, Hong Kong 2001 ASIC (Australia), SFC (Hong Kong), FSPR (New Zealand) 0.1 100:1 32
Marshall Islands 2004 VFSC (Vanuatu Financial Services Commission) 0.01 500:1 23
Podgorica, Montenegro 2005 CCM (Montenegro) 0.01 500:1 45
Zug, Switzerland 2003 FINMA (Switzerland) 1 50:1 160
Chicago, United States 1999 NFA (US), FINRA (US) 0.01 50:1 121
Belmopan, Belize 2006 IFSC(Belize) 0.001 1000:1 45
Kingstown, Saint Vincent and the Grenadines 2009 None 0.01 1000:1 46
Johannesburg, South Africa 2012 FSB (South Africa) 0.01 400:1 45
Port Vila, Vanuatu 2015 VFSC (Vanuatu) 0.01 200:1 70
Port Vila, Vanuatu 2010 VFSC (Vanuatu) 0.01 500:1 64
Kingstown, St. Vincent and the Grenadines 2006 Not Regulated 0.01 1000:1 36
Kingstown, St. Vincent and the Grenadines 2010 Not Regulated 0.0001 500:1 64
Kingstown, Saint Vincent and the Grenadines 2014 Not Regulated 0.01 500:1 63
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