Demo Account Guide
Demo Account Guide

List of Brokers with MFSA Regulation


The Financial Services Authority of Malta (MFSA) is the sole regulator for financial services activities in Malta which regulates and oversees credit and financial institutions, investments, trusts and insurance businesses as well as houses the state Register of Companies. The MFSA is a fully autonomous public body and reports to Parliament annually.

Established : 2002
Country : Malta
Website :
Total Brokers : 6

Scroll for more details

Score Broker Regulation Payment Min Deposit Max Leverage

If you are interested to try the brokers in the list above, make sure to use the forex demo account so you could experience trading firsthand with virtual money. You don't even have to deposit any funds since the demo account is 100% free. It is also available in most brokers.


Being regulated by MFSA (Malta Financial Services Authority) means operating under the standards of a Maltese financial regulator. The MFSA is an independent institution that reports directly to the Malta Parliament. It was first introduced in 1988 and later underwent some major changes in 1994, 2002, and 2014.

Since MFSA comes directly under the MiFID deirectives, all forex brokers authorized by the agency are able to operate in the entire EU and offer their services to investors from across Europe. Apart from that, MFSA also took over the regulatory responsibilities of the Central Bank of Malta to watch over the performance of various financial firms.

MFSA regulated brokers are required to hold an operating capital of at least €730,000. They are also expected to periodically submit detailed reports of audit for all financial transactions. Experts and professional employees are needed to ensure that the company's shareholders consist of those with previous experience in the forex markets.

In addition, brokers are required to have an independent chairman who has expertise in the market to have the needed authority over other shareholders so they can't indulge in financial malpractices. Forex brokers in Malta are prohibited to act as market makers; all client transactions should be delivered to the interbank exchange through approved liquidity providers. Last but not least, brokers under the MFSA are only allowed to partner with entities authorized by the agency.

  • To regulate and supervise the Maltese financial services industry.
  • To manage Malta's registry of companies.
  • To issue licenses subject to an initial assessment.
  • To inspect licensed institutions on a regular basis to ensure compliance with recent regulations.
  • To protect clients' and investors' interests.
  • To keep investors informed with local and global developments in the financial industry.
  • To encourage financial companies to provide a service of the highest possible standard.
  • To work on initiatives that will improve the standard of education and training for those involved in the financial services industry.
  • To improve existing legislation and create new legislation should it become necessary.
  • To issue guidlines and directives to the financial services industry.
  • To communicate with national and international organisations in regard with the financial industry.

MFSA has the right to inspect regulated companies to ensure their compliance with all the guidelines in the financial markets. Despite being recognized for its liberal approach in supervising financial firms, MFSA has worked with all parties to ensure a good and sustainable financial system. They are not keen on imposing penalties and sanctions for lack of compliance, but severe and repeated financial violations may prompt the MFSA to act accordingly.

Additional FAQ

When it comes to online trading regulation, the ambiguity of laws in Nigeria contrasts with other African countries that have already implemented regulations. For example, South Africa's Financial Sector Conduct Authority (FSCA) and Kenya's Capital Markets Authority (CMA) have already regulated online forex brokers in their countries. Furthermore, South Africa has even established rules for forex trading taxation.

Continue Reading at Is It Safe to Trade Forex in Nigeria?

Some brokers might claim that they are in the process of applying for a license or a license extension. But in reality, not all brokers are true to their words. Some of them don't actually apply for any license and only use those words to steal the clients' funds. Even if the license is indeed "in the process", the broker's still unregulated during that time.

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

The Monetary Authority of Singapore (MAS) is the regulatory authority overseeing forex trading in Singapore. Singapore's regulatory framework allows leverage up to 1:500 and covers a wide range of forex pairs and cryptocurrencies.

Continue Reading at Forex Trading in Singapore: 5 Facts You Need to Know

According to the PRA rulebook, there are 3 areas of the PRA regulations. Firms must comply with the regulations depending on which classification they fall into.

  • Banking and Investment Rules: for CRR firms (banks, building societies, or investment firms subject to the EU Capital Requirements Regulation) and non-CRR firms (credit unions, building societies, or PRA-designated investment firms not subject to the EU CRR).
  • Insurance Rules: for SII firms (insurance firms subject to the Solvency II Directive) and non-SII firms.
  • Other rules: for non-authorized persons (persons or firms not authorized by the PRA).

Continue Reading at What are the Top UK Financial Regulators?