Finra Brokers for 2021

We found 11 online brokers that are appropriate for Trading Finra Regulated Investment Platforms.

Finra Brokers Guide

Updated April 18, 2021

FINRA Brokers

FINRA stands for The Financial Industry Regulatory Authority. US-based, it is the largest independent regulatory body that caters to the country's securities firms. These companies need FINRA approval to be eligible to run domestic businesses in the US. The main function of FINRA is to ensure the fairness and honesty of the country?s securities industries which are currently home to more than four thousand brokerage firms with hundreds of thousands of branch offices throughout many states and cities. FINRA currently caters to more than 600,000 registered securities representatives.

Regulatory Aspects of FINRA

Any securities company that wants to do business in the US needs to pass FINRAs comprehensive regulations. FINRA accommodates registered representative licensing, testing, and training. They also cater for dispute settlements through mediation and arbitration. The American Stock Exchange LLC, New York Stock Exchange, NASDAQ Stock Market, Inc., the International Securities exchanges, and other related industries are subject to FINRAs market regulations. All securities brokers would need a license from FINRA to officially operate in the US even if they are running online securities investment platforms.

Advantages of FINRA Brokers

FINRA brokers must comply with strict regulations and eligibility requirements. Using FINRA brokers for your investments means having protections against potential abuses and/or unethical misconducts from the brokerage services. FINRA brokers have good standing in terms of business operations, services, and background. The license binds brokers to consistently follow the FINRA rules of conduct. Any broker that commits misconduct could be fined or even banned if they've committed a financial crime. FINRA is a regulatory body that covers multiple functions so they can take immediate action for misconduct.

FINRA was a product of the consolidation of multiple operations formerly run by NYSE and NASD. Therefore, today's FINRA eligibility requirements and the whole licensing process are very comprehensive as they consolidate multiple requirements. However, even though it seems stringent, FINRA regulation is compact, and all complying brokers would have a good standing in the country's financial industries. For investors, they can rest assured with FINRA-approved brokerage services to manage their securities portfolios.

Furthermore, FINRA regulation is a top-notch reference for any domestic securities investors. All functions are covered by FINRA including brokerage firm examination, rulemaking, rule enforcement, and dispute settlement (arbitration and mediation). Nowadays, domestic investors prefer FINRA brokers over unregulated offshore brokerage firms. When it comes to online securities brokerage services, the firms can amplify their FINRA approval and get better global exposure. Essentially, investors can count on FINRA brokers with their securities.

FINRA also fully regulates diverse instruments including securities futures, equities, corporate bonds, and binary options. All non-SRO brokers should apply for a FINRA membership. For trading securities, domestic investors can simply go to FINRA brokers. When it comes to the high-risk binary options tradings, there is no better option than FINRA brokers, as investors already have necessary protections on their services.

The ultimate advantage of FINRA brokers is consistent compliance at all times. All FINRA brokers are subject to periodic regulatory examinations. These brokers are not only forbidden to commit any misconduct and financial crimes but their performance is also evaluated. It can be a tough requirement for a broker to remain consistent and keep their license. However, not all brokers mind these strict rules as they benefit from the fair and honest financial market under FINRA regulations. FINRA brokers have become a popular choice of domestic investors, who are impressed by the consistency of these brokers and other benefits.

Further Responsibilities

Ineligible and/or SEC-sanctioned brokers can still benefit from FINRA regulation. The institution also provides examinations and education to these brokers so that they can comply with the laws and regulations. Many stock markets and exchanges also use FINRA's outsource regulatory products. Generally speaking, FINRA has contributed to shaping conducive financial markets in the US in a positive and active manner.

FINRA has been consistent in educating not just brokers, but the general public about regulation. Today, you can conveniently access FINRA's website to check the regulated brokers, acting as the main references for your securities portfolio. You can also find comprehensive educational information about the certifications that act as be a reference and guide in choosing FINRA brokers.

FINRA is currently responsible for the Central Registration Depository or CRD for short. The CRD holds the records of every brokerage firm and financial individuals. Any parties involved in the country's security industry would be recorded by FINRA. Today, investors can check the status of FINRA brokers and can research their background and performance.

FINRA Brokers Verdict

When it comes to the securities industry, FINRA may be a more pivotal and popular institution than the SEC. For domestic investors, there is no better brokerage service than one with a FINRA license. Whether you want to trade equities, securities futures, or binary options, FINRA brokers are the safest and the best possible solution. Under FINRA regulation, you can enjoy honest and fair financials.

We've collected thousands of datapoints and written a guide to help you find the best Finra Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Finra Regulated Investment Platforms below. You can go straight to the broker list here.

Reputable Finra Brokers Checklist

There are a number of important factors to consider when picking an online Finra Regulated Investment Platforms trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Finra Regulated Investment Platforms.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Finra Regulated Investment Platforms of 2021 compared

Here are the top Finra Regulated Investment Platforms.

Compare Finra Regulated Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are Finra Regulated Investment Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Finra Regulated Investment Platforms that accept Finra Regulated Investment Platforms clients

Broker Forex.com NordFX forexmart webull hdfcsecurities icicidirect sharekhan Zerodha Robinhood DF Markets personalcapital
Rating
Regulation Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 Cyprus Securities and Exchange Commission (CySEC) Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Financial Conduct Authority (FCA) Unregulated
Min Deposit 100 1 1 50 No minimum deposit No minimum deposit No minimum deposit No minimum deposit No minimum deposit 1 100000
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 150,000+ 10,000+ 10,000+ 5,000+ 2,000,000+ 2,000,000+ 1,500,000+ 1,500,000+ 10,000,000+ 10,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
Accounts
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps MT4, MT5, Tablet & Mobile apps MT4,WEB,desktop Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Desktop,Android,Tablet,iPhone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
forexcom
Sign Up with
nordfx
Sign Up with
forexmart
Sign Up with
webull
Sign Up with
hdfcsecurities
Sign Up with
icicidirect
Sign Up with
sharekhan
Sign Up with
zerodha
Sign Up with
robinhood
Sign Up with
dfmarkets
Sign Up with
personalcapital
Risk Warning 74% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Losses can exceed deposits Your capital is at risk
Demo Forex.com
Demo
NordFX
Demo
ForexMart
Demo
Webull
Demo
HDFC Securities
Demo
ICICI Direct
Demo
Sharekhan
Demo
Zerodha
Demo
Robinhood
Demo
DFMarkets
Demo
Personal Capital
Demo
Excluded Countries BE No UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX CU, IR, KP, SY, UA

All Finra Regulated Investment Platforms in more detail

You can compare Finra Regulated Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Finra Regulated Investment Platforms for 2021 article further below. You can see it now by clicking here

We have listed top Finra Regulated Investment Platforms below.

Finra Brokers List

Forex.com
(4/5)
Min deposit : 100
Forex.com was established in 1999 and is used by over 150000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies. Cryptocurrency availability with Forex.com is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
forexmart
(3/5)
Min deposit : 1
ForexMart was established in 2015 and is used by over 10000+ traders. Your capital is at risk ForexMart offers Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,WEB,desktop

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
webull
(4/5)
Min deposit : 50
Webull was established in 2017 and is used by over 5000+ traders. Your capital is at risk Webull offers Stocks, Options, ETFs, ADRs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA)
hdfcsecurities
(3/5)
Min deposit : 0
HDFC Securities was established in 2000 and is used by over 2000000+ traders. Your capital is at risk HDFC Securities offers Demat Account, Trading Account, NRI Account, Commodity Trading, Currency Trading, Mutual Fund Account, NPS Account.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
icicidirect
(3/5)
Min deposit : 0
ICICI Direct was established in 1994 and is used by over 2000000+ traders. Your capital is at risk ICICI Direct offers Equity Trading, Derivatives Trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
sharekhan
(3/5)
Min deposit : 0
Sharekhan was established in 2000 and is used by over 1500000+ traders. Your capital is at risk Sharekhan offers Equity, Commodities, Mutal funds.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
Zerodha
(3/5)
Min deposit : 0
Zerodha was established in 2010 and is used by over 1500000+ traders. Your capital is at risk Zerodha offers Stocks, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
Robinhood
(3/5)
Min deposit : 0
Robinhood was established in 2013 and is used by over 10000000+ traders. Your capital is at risk Robinhood offers Stocks, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
DF Markets
(3/5)
Min deposit : 1
DFMarkets was established in 2010 and is used by over 10000+ traders. Losses can exceed deposits DFMarkets offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
personalcapital
(3/5)
Min deposit : 100000
Personal Capital was established in 2008 and is used by over 10000+ traders. Your capital is at risk Personal Capital offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Desktop,Android,Tablet,iPhone

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account