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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
Beirut, Lebanon 2011 BDL (Lebanon), CMA(Lebanon) 0.1 400:1 37
Johannesburg, South Africa 2012 FSB (South Africa) 0.01 400:1 45
Camana Bay, Cayman Islands 2008 CIMA (Cayman Islands) 0.01 400:1 60
Sydney, Australia 2014 ASIC (Australia) 0.01 400:1 70
Port Vila, Vanuatu 2010 VFSC (Vanuatu) 0.01 400:1 70
Rarotonga, Cook Islands 2018 FSC (Cook Islands) 0.01 400:1 50
Auckland, New Zealand 1999 FMA (New Zealand) 0.01 300:1 70
Sydney, Australia 2008 ASIC (Australia) 0.005 200:1 54
Belize City, Belize 2007 IFSC (Belize) 0.01 200:1 33
Geneva, Switzerland 1998 FINMA (Switzerland) 0.01 200:1 52
Belize City, Belize 2010 IFSC (Belize) 0.01 200:1 38
Gibraltar 2010 FSC (Gibraltar) 0.01 200:1 46
Atlantida, Honduras FSA (Honduras) 0.1 200:1 34
Sydney, Australia 2010 ASIC (Australia) 0.01 200:1 40
Sydney,Australia 2013 ASIC (Australia) 0.01 200:1 40
Port Vila, Vanuatu 2015 VFSC (Vanuatu) 0.01 200:1 70
Cayman Islands 2013 ASIC (Australia) 0.01 100:1 58
2000 None 0.1 100:1 24
Sydney, Australia 2004 ASIC (Australia) 0.1 100:1 28
Kowloon, Hong Kong 2001 ASIC (Australia), SFC (Hong Kong), FSPR (New Zealand) 0.1 100:1 32
Mahe, Seychelles 2005 None 0.01 100:1 48
Bedminster, New Jersey 1999 NFA (US), CFTC (US) 0.01 50:1 91
Zug, Switzerland 2003 FINMA (Switzerland) 1 50:1 160
Chicago, United States 1999 NFA (US), FINRA (US) 0.01 50:1 121
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