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Forex Brokers in Romania

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Recognizing the best forex brokers is not just a matter of making sure of its security and basic trading features. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.

The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.


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Score Broker Country Regulation Min Deposit Max Leverage

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.


Additional FAQ

The cost of an EU license is quite high as it has a high initial investment and requires yearly upkeep. This usually results in brokers' decision to raise their minimum deposit requirements and even trading commissions.

Continue Reading at Pros and Cons of European License in Forex Trading

In general, compared to scam brokers, honest brokers are more clear and straightforward in most aspects of their facilities. Other than that, some of the more specific characteristics in an honest broker are:

  • Clear regulations and office addresses.
  • Responsive customer support, at least in the working days.
  • The trading facilities provided are transparent and synchronous.
  • The website is well-maintained, updated, and equipped with a disclaimer that the profit in forex trading is proportional to the risk.
  • The broker is recommended by other traders or trusted sources. For example, the regulation can be cross-checked, the name often quoted by famous news agencies or positive reviews from clients.
  • Withdrawals are processed with minimum or no difficulties.

Continue Reading at 4 Common Types of Forex Broker Frauds

 In 2016, ESMA (The European Securities Markets Authority) announced the termination of all bonus practices in its brokers, referring to the psychological impact that a bonus may have on a client's trading behavior. Therefore, you may not find promotional events like welcome bonuses, no-deposit bonuses, and other types of trading bonuses offered by any EU-licensed brokers.

Continue Reading at Pros and Cons of European License in Forex Trading

If a broker is "registered", that means that the broker's registered as a company in a certain country and has one or more offices in that country. In this category, the broker does not necessarily have a license to operate as a broker and is usually not actively monitored by the country's regulatory body. The company's operations are also not always centered on the main office address but it could be outsourced to other areas.

Continue Reading at Forex Regulation Insights: Defining Your Broker's Status