Best forex brokers in Romania

Broker Country Rating Min. Deposit Website
UK, Cyprus, Australia4.98/5$5Click for a special offerWebsite
US4.95/5$50Click for a special offerWebsite
Australia4.90/5$100Click for a special offerWebsite
UK, Australia4.85/5$50Click for a special offerWebsite

Online Forex trading is increasing its popularity in Romania year after year. The Balkan country entered the EU in 2007 and has since seen a rise in living standards and foreign investment.

Being a member-state of the European Union means that Romania has to comply with all the guidelines and rules set by the European Securities and Markets Authority (ESMA). They include a cap on the leverage of 1:30, negative balance protection, segregation of accounts and so forth.

Furthermore, the government is taking active measures in preventing and cracking down on illegal Forex brokers registered offshore. In 2016 police raided dozens of offices of shady brokerages that are not licensed by the relevant authority or offered binary options trading to clients (which is prohibited). All in all, 130 people were arrested in perhaps the largest police operation against Forex scammers the country has yet seen.

Romania, as many other countries in the EU, takes a twin peaks approach and has two regulatory bodies. ASF (Autoritatea de Supraveghere Financiara) is in charge of regulating all of the country’s financial activities outside of the banking sector while the latter is overseen by the National Bank of Romania. The ASF supports a website which is quite informative and available in English. It also keeps and regularly updates a list of regulated firms, as well as issues warnings regarding companies suspected of fraudulent activities.

As in every EU member, Forex brokerages registered and licensed elsewhere in Europe are welcome in Romania, as long as they register formally with the ASF and have their license rubber stamped by the Romanian authorities.

The most popular payment methods in Romania are the standard Visa and MasterCard, as well as the mobile gateway Mobiamo.