We found 11 online brokers that are appropriate for Trading Forex Romania Investment Platforms.
Romania is one of the biggest economies in Eastern Europe. In terms of Forex trading, the country is not the largest market even though it is legal and appropriately regulated. It joined the European Union block in 2007, and since then, it is trying to catch up with other countries in the zone. Its economy is currently one of the fastest-growing, with an annual output of $516.5 billion.
It is one of the least advanced and most impoverished countries in the EU and has not yet introduced the EU currency, the euro. It still uses the native currency, the Romanian leu. However, its economic growth is rapid, and people are more prone to using technological devices, including smartphones.
Lately, the country has become an attractive destination for investors due to its liberal approach and decent regulatory measures to make the market safe. Several unlicensed Forex and CFD brokers have been forced to shut down their services and offices.
Forex trading is legal in Romania, and it comes under the National Bank of Romania's Regulation No. 4/2005, which determines the restrictions and other aspects of the market. Currently, everyone can access the Forex Romania market. Forex brokers require a valid license from the Financial Supervisory Authority (ASF), also known as Autoritatea de Supraveghere Financiara, to function in the country.
The country adheres to the EU's financial regulatory directives set under the MiFID financial harmonisation law. It means the brokers who are licensed in another EU jurisdiction can operate in Romania. Suppose a brokerage house is licensed by the UK's FCA or Cyprus' CySEC. In that case, it can comfortably function in Romania without the need to apply for a local license or regulatory approval.
The European Securities and Markets Authority restrictions are applied if CFD is traded, which is basically for the interest of enhancing the protection of investors. Under it, no broker can offer incentives like bonuses for trading CFDs, and the minimum margin is set at 50 per cent of the traded volume.
The ASF regulates Romania's capital market, which is an autonomous body. It takes part in the financial markets, regulates credit rating agencies, and stands strictly against market manipulation and insider trading. It regulates the Romanian financial exchanges like the Sibiu Monetary Financial and Commodities Exchange and the Bucharest Stock Exchange.
It is a member of the International Organisation of Securities Commissions, the European Insurance and Occupational Pensions Authority, the European Securities and Markets Authority, the International Association of Insurance Supervisors, and many more such international institutions.
It is suggested to open an account with a broker who offers the native currency as a primary account currency. It will save in exchange fee. Those who opt for opening an account in other currencies can make the payments through cards or e-wallets.
The common mode of payments includes credit cards, debit cards, e-wallets and bank transfer. Most of the traders prefer paying through cards. The e-wallets which are popular in the country are Skrill, WebMoney, Neteller, PayPal and ecoPayz.
Those looking to make payments through a bank transfer should know that it is slower than other modes of payments.
Most of the Forex brokers in Romania offer MetaTrader 4 or MetaTrader 5 trading platforms. These two are the most common and best in the industry. However, some brokers also offer their own customised software to trade. Traders are suggested to opt for such platforms, which are easy to use and flexible to trade.
Smartphones are widely used in Romania, and most brokers offer services through mobile apps. It is easy and convenient to trade through a mobile phone. Traders can keep themselves up to date at any time and from anywhere irrespective of being in an office or at home.
However, it is important to know that mobile apps offered are well-performing and well-functional. It is also essential to have a fast and stable internet connection on a mobile device.
Romania has a fast-growing economy, which is why investors are gradually turning towards it to trade or set up business in the country. Forex trading is also gaining popularity. The financial markets are well-regulated, and brokers are licensed. The regulatory authority has strict laws, and service providers need to follow these.
Lately, many beginners have shown interest in the Romanian financial markets. It is advised to research or study the foreign exchange market before initiating the first trade. It is better to start with a demo account and get good exposure to the trading arena without real money.
We have conducted extensive research and analysis on over multiple data points on Forex Romania to present you with a comprehensive guide that can help you find the most suitable Forex Romania. Below we shortlist what we think are the best Forex Romania Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Romania.
Selecting a reliable and reputable online Forex Romania Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Forex Romania Investment Platforms more confidently.
Selecting the right online Forex Romania Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Forex Romania Investment Platforms trading, it's essential to compare the different options available to you. Our Forex Romania Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Forex Romania Investment Platforms broker that best suits your needs and preferences for Forex Romania Investment Platforms. Our Forex Romania Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Forex Romania Investment Platforms.
Compare Forex Romania Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex Romania Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Forex Romania Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex Romania Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Romania Investment Platforms that accept Forex Romania Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Forex Romania 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 Forex Romania Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Forex Romania Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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