MiFID Brokers for 2025

We found 4 online brokers that are appropriate for Trading MiFID Regulated Investment Platforms.

MiFID Brokers Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - February 12, 2025

Understanding MiFID Brokers

MiFID, or the 'Markets in Financial Instruments Directive,' is a key regulatory framework established by the European Economic Area (EEA) to oversee financial markets. It aims to create a safer, more transparent trading environment by setting comprehensive standards for brokers, investment platforms, and financial firms operating within the region.

To operate legally in an EEA country, brokers must adhere to MiFID regulations, which often require them to be regulated by the relevant national financial authorities. This ensures that all financial activities are conducted with integrity and that investors are well-protected.

For Forex brokers specifically, compliance with MiFID regulations is essential. Understanding these requirements will help you choose reliable and regulated brokers for trading currency pairs. This guide provides an overview of the key aspects of MiFID compliance for Forex brokers.

Full National Compliance

For Forex brokers to be compliant with MiFID, they must meet specific national regulatory requirements. Here's a detailed look at what national compliance entails:

It's important to recognize that MiFID sets general standards for financial markets, but each country adapts these to fit its specific regulatory environment. As a result, brokers operating in different EEA countries may face varying requirements based on local regulations.

Client Categorization

Under MiFID regulations, Forex brokers are required to categorize their clients into specific groups to ensure that they provide appropriate levels of service and protection. This categorization helps brokers tailor their offerings and meet regulatory obligations. Heres a closer look at how client categorization works:

Client Segmentation: MiFID mandates that Forex brokers classify their clients into one of three categories:

1. Retail Clients: These are individual investors who do not possess significant experience or knowledge in trading. Retail clients receive the highest level of protection under MiFID regulations. Brokers must provide clear, straightforward information and ensure that services and products are suitable for these clients. Retail clients typically benefit from safeguards such as risk warnings and compensation schemes.

2. Professional Clients: This category includes clients who have considerable experience, knowledge, and expertise in financial markets. Professional clients might be institutional investors, large corporations, or experienced traders who understand the risks involved. While they receive fewer protections compared to retail clients, brokers are still required to act with a high level of professionalism and integrity.

3. Eligible Counterparties: These are entities that engage in trading on a large scale, such as financial institutions and large corporations. Eligible counterparties are assumed to be highly sophisticated and capable of understanding the risks of trading. Consequently, they receive the least protection under MiFID, reflecting their advanced knowledge and capacity to manage risks independently.

Purpose and Benefits: The primary aim of client categorization is to ensure that brokers provide services that are appropriate to the client's level of expertise and understanding. By categorizing clients, brokers can:

- Tailor their advice and service levels to match the client's experience and needs.

- Ensure that retail clients receive additional protections and clearer disclosures.

- Meet regulatory requirements, thereby maintaining compliance with MiFID standards.

MiFID logo and eu map

Its important to note that while brokers are required to categorize clients, this does not preclude them from serving clients across different categories. For instance, a professional trader might choose to work with a retail broker to benefit from certain services or products. However, the level of protection and service provided will vary according to the clients category.

Professional Client Handling

MiFID regulations place a strong emphasis on the quality of service that Forex brokers must provide when handling professional clients. This section explores what constitutes proper handling of professional clients and the standards brokers must meet:

High Standards of Professionalism: Brokers are required to uphold high standards of professionalism when dealing with professional clients. This means that brokers must demonstrate:

1. Accountability: Brokers must be accountable for their actions and decisions when managing professional clients' trades. This involves taking responsibility for the accuracy and integrity of the trading activities conducted on behalf of these clients.

2. Comprehensive Information Gathering: To serve professional clients effectively, brokers need to gather and analyze comprehensive information about their clients trading preferences, financial status, and investment goals. This helps in tailoring services to meet the specific needs of professional clients.

3. Reliable Execution: Brokers must ensure reliable execution of trades, which involves providing prompt and accurate execution of client orders. Professional clients expect and are entitled to high performance in terms of order execution and trade management.

Data Protection and Privacy: Brokers must adhere to strict data protection standards to safeguard the personal and financial information of professional clients. This includes implementing robust security measures to prevent unauthorized access and ensuring that client data is handled with the utmost confidentiality.

Service Quality and Transparency: Professional clients expect a high level of service quality and transparency from their brokers. This involves:

- Providing clear and detailed information about trading conditions, fees, and any potential conflicts of interest.

- Ensuring that clients are fully informed about the risks associated with their trading activities.

Professional clients often have a higher level of understanding and experience compared to retail clients. However, MiFID still mandates that brokers maintain a high level of service and integrity, reflecting the sophistication and expectations of these clients.

MiFID clients

Transparency

Transparency is a cornerstone of MiFID regulations, aimed at ensuring that Forex brokers operate with openness and honesty. This principle is crucial for maintaining trust and providing clients with the information they need to make informed decisions.

Brokers must offer clear and comprehensive details about their services. This includes explaining the types of trading platforms and financial instruments available, as well as the investment products they provide. Clients should have a thorough understanding of what the broker offers and how these services meet their trading needs.

Additionally, brokers are required to disclose all relevant terms and conditions associated with their services. This encompasses detailed information about pricing structures, including spreads, commissions, and any other fees that may apply. It is essential for brokers to be transparent about how these charges are calculated and applied to avoid any hidden costs or surprises for clients.

Transparency also extends to the communication of trading conditions. Brokers must inform clients about the various factors that can affect their trading experience, such as order execution policies, potential conflicts of interest, and the measures in place to protect clients' interests. This includes providing insight into the prices at which trades are executed, the times at which orders are processed, and the volumes involved in transactions.

Reliability

Reliability is a critical aspect of MiFID regulations, underscoring the need for Forex brokers to deliver consistent and dependable service. Ensuring reliability involves several key elements that are essential for maintaining trust and providing a high-quality trading experience.

Firstly, MiFID requires brokers to offer a high-performance trading platform that can handle a variety of financial instruments and trading pairs effectively. This means the platform should operate smoothly without frequent downtimes or technical glitches. Reliable execution of trades is paramount; brokers must ensure that orders are processed quickly and accurately, minimizing any potential delays or errors.

Another important aspect of reliability is the ability of brokers to fulfill their commitments to clients. This includes maintaining consistent service levels and delivering on promises related to trade execution, order fulfillment, and customer support. A reliable broker demonstrates a strong track record of performance and dependability, ensuring that clients trading needs are met promptly and effectively.

MiFIDs focus on reliability also aims to protect clients from potential scams and fraudulent practices. By adhering to strict reliability standards, brokers help prevent manipulative behaviors or exploitation of service delays. The goal is to ensure that each trade is settled as quickly and accurately as possible, maintaining the integrity of the trading process.

MiFID reliability

Regulatory Bodies and Their Roles

MiFID regulations are enforced by various regulatory authorities across the European Economic Area (EEA). Each country's financial regulator ensures compliance with MiFID standards, playing a crucial role in maintaining market integrity and protecting investors. Below is a table listing key regulatory bodies and their respective countries:

Country Regulatory Authority Role
United Kingdom Financial Conduct Authority (FCA) Regulates financial markets, ensures compliance with MiFID, and oversees broker activities.
Germany Federal Financial Supervisory Authority (BaFin) Supervises financial markets, enforces MiFID standards, and ensures market integrity.
France Autorité des Marchés Financiers (AMF) Regulates financial markets, protects investors, and maintains transparency in broker activities.
Italy Commissione Nazionale per le Società e la Borsa (CONSOB) Oversees financial markets, enforces MiFID compliance, and ensures fair trading practices.
Spain Comisión Nacional del Mercado de Valores (CNMV) Regulates financial markets, supervises broker activities, and enforces investor protection measures.
Netherlands Autoriteit Financiële Markten (AFM) Supervises financial markets, ensures MiFID compliance, and protects investor interests.
Sweden Finansinspektionen (FI) Regulates financial markets, enforces MiFID standards, and supervises brokers and financial firms.
Belgium Financial Services and Markets Authority (FSMA) Oversees financial markets, ensures compliance with MiFID, and protects investor rights.
Austria Financial Market Authority (FMA) Regulates financial markets, enforces MiFID regulations, and supervises financial institutions.
Ireland Central Bank of Ireland (CBI) Supervises financial markets, enforces MiFID compliance, and oversees broker activities.

Choosing the Right MiFID-Compliant Broker

EU flag and Forex trading screen

Selecting the right Forex broker that complies with MiFID regulations is crucial for ensuring a secure and efficient trading experience. Here are some key factors to consider when choosing a MiFID-compliant broker:

1. Verify Regulatory Status: Ensure that the broker is licensed and regulated by a recognized financial authority within the European Economic Area (EEA). A MiFID-compliant broker should have clear documentation of their regulatory status, which can usually be verified on their website or through the regulatory authority's official site.

2. Assess Transparency: Check the broker's transparency in disclosing important information. This includes their pricing structure, trading conditions, and any potential fees or charges. A reliable broker should provide detailed information about their services, including how they handle order execution and any applicable costs.

3. Evaluate Client Categorization: Confirm how the broker categorizes clients and the protections they offer. MiFID requires brokers to classify clients as retail, professional, or eligible counterparties, each with different levels of protection and service. Make sure the brokers client categorization aligns with your trading needs and experience level.

4. Review Platform Reliability: Test the broker's trading platform for performance and reliability. The platform should offer a smooth and stable trading experience with minimal downtime. Assess features such as order execution speed, charting tools, and access to financial instruments to ensure they meet your requirements.

5. Examine Customer Support: Evaluate the quality of customer support provided by the broker. Effective support is essential for resolving issues and answering queries promptly. You must be able to contact and resolve issues with your MiFID regulated broker by live chat, then email and if needed local phone number.

6. Check MiFID Broker Reviews and Reputation: Research the broker's reputation and read reviews from other traders. Independent reviews and feedback can provide insights into the broker's reliability, service quality, and overall performance. Look for brokers with positive feedback and a strong track record in the industry.

MiFID Brokers Verdict

MiFID regulations are vital for ensuring Forex brokers provide high standards of service, transparency, and reliability. By adhering to these rules, brokers demonstrate their commitment to client protection and effective trading practices.

Compliance with MiFID helps brokers deliver clear, transparent information, handle clients professionally, and maintain a reliable trading environment. For traders, choosing a MiFID-compliant broker means benefiting from a more secure and trustworthy trading experience.

Ultimately, MiFID serves as an important benchmark for selecting reputable Forex brokers, ensuring a safer and more transparent trading landscape.

For more detailed information on MiFID regulations and how they impact your trading decisions, you can refer to the official MiFID regulatory website.

We have conducted extensive research and analysis on over multiple data points on MiFID Brokers to present you with a comprehensive guide that can help you find the most suitable MiFID Brokers. Below we shortlist what we think are the best MiFID Regulated Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching MiFID Brokers.

Reputable MiFID Brokers Checklist

Selecting a reliable and reputable online MiFID Regulated 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 MiFID Regulated Investment Platforms more confidently.

Selecting the right online MiFID Regulated 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.

Compare Key Features of MiFID Regulated Investment Platforms in Our Brokerage Comparison Table

When choosing a broker for MiFID Regulated Investment Platforms trading, it's essential to compare the different options available to you. Our MiFID Regulated 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 MiFID Regulated Investment Platforms broker that best suits your needs and preferences for MiFID Regulated Investment Platforms. Our MiFID Regulated Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 MiFID Regulated Investment Platforms of 2025 compared

Here are the top MiFID Regulated Investment Platforms.

Compare MiFID Regulated Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a MiFID Regulated Investment Platforms broker, it's crucial to compare several factors to choose the right one for your MiFID Regulated Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.

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

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

Broker eToro tradeviewltd questrade FBS Inc
Rating
Regulation 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 Tradeview Europe Ltd Malta Financial Services Authority (MFSA), Cayman Islands Monetary Authority (CIMA) (585163), MiFID II framework Financial and Capital Market Commission (FCMC) of Latvia, Financial Instruments Directive (MiFID II) FSC (Financial Services Commission of Belize) (000102/6), CySEC (Cyprus Securities and Exchange Commission) (331/17) (MiFID), ASIC (Australian Securities and Investments Commission) (426359) (Australia)
Min Deposit 50 100 1000 5
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 35,000,000+ 10,000+ 200,000+ 27,000,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
Platforms eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play), TradingView, Windows, Web Questrade Trading, Questrade Edge, QuestMobile, Questrade Global, Desktop, Web, Mobile Apps, Android (Google Play), iOS (App Store) FBS Apps, MT4, MT5, iOS (App Store), Android (Google Play), Web
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
etoro
Sign Up with
tradeviewltd
Sign Up with
questrade
Sign Up with
fbsinc
Risk Warning 51% of retail investor accounts lose money when trading CFDs with this provider. Your capital is at risk Your capital is at risk Losses can exceed deposits
Demo eToro
Demo
Tradeview LTD
Demo
Questrade
Demo
FBS Inc
Demo
Excluded Countries 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, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, UK, US US

eToro Risk Disclosure

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. 51% 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.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


All MiFID Regulated Investment Platforms in more detail

You can compare MiFID 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 MiFID Regulated Investment Platforms for 2025 article further below. You can see it now by clicking here

We have listed top MiFID Regulated Investment Platforms below.

MiFID Brokers List

eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

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. 51% 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.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 35000000+ traders. 51% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
tradeviewltd
(3/5)
Min deposit : 100
Tradeview LTD was established in 2004 and is used by over 10000+ traders. Your capital is at risk Tradeview LTD offers Forex trading, CFD trading, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play), TradingView, Windows, Web

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Tradeview Europe Ltd Malta Financial Services Authority (MFSA), Cayman Islands Monetary Authority (CIMA) (585163), MiFID II framework
questrade
(3/5)
Min deposit : 1000
Questrade was established in 2008 and is used by over 200000+ traders. Your capital is at risk Questrade offers Forex trading, Spread Betting, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Questrade Trading, Questrade Edge, QuestMobile, Questrade Global, Desktop, Web, Mobile Apps, Android (Google Play), iOS (App Store)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial and Capital Market Commission (FCMC) of Latvia, Financial Instruments Directive (MiFID II)
FBS Inc
(3/5)
Min deposit : 5
FBS Inc was established in 2009 and is used by over 27000000+ traders. Losses can exceed deposits FBS Inc offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

FBS Apps, MT4, MT5, iOS (App Store), Android (Google Play), Web

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FSC (Financial Services Commission of Belize) (000102/6), CySEC (Cyprus Securities and Exchange Commission) (331/17) (MiFID), ASIC (Australian Securities and Investments Commission) (426359) (Australia)

Learn more Learn more about eToro.
51% of retail investor accounts lose money when trading CFDs with this provider.
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51% of retail investor accounts lose money when trading CFDs with this provider.