MiFID Brokers for 2021

We found 8 online brokers that are appropriate for Trading MiFID Regulated Investment Platforms.

MiFID Brokers Guide

Updated September 26, 2021

MiFID Brokers

MiFID, or the 'Markets in Financial Instruments Directive' is the European Economic Area's legislative body that regulates the financial markets in the region. All brokers, investment platforms, and firms, along with their activities, are subject to MiFID regulation. In most cases, to be in compliance with MiFID regulation, brokers would be required to be regulated by a country's financial and investment regulatory bodies. Only in this way, can they open offices and operate legally in a country.

There are some requirements for Forex brokers to comply with MiFID regulation. You can also use these as a guide to choose regulated MiFID brokers, before actually starting to trade particular currency pairs.

Full National Compliance

First of all, Forex brokers should fully comply with national regulation to be eligible for MiFID. They must be regulated and licensed to operate in a country within the European Economic Area. If they wish to have a residing office, Forex brokers should have all the necessary licenses. Each country has its own investment regulatory bodies to regulate brokers and traders. MiFID requires Forex brokers' national licenses and exposure to be displayed by their existing office.

At this point, you should realize that not all nationally-regulated brokers are simply Forex brokers. Even though MiFID may have more general requirements, brokers still have to comply with them in order to be regulated. However, many countries in the European Economic Area have used MiFID as guidance, and a reference to establish their own domestic regulation.

Client Categorization

MiFID has a specific requirement for Forex to categorize their clients. Forex brokers need to specify in what segment their service or platform would serve. Even though Forex brokers are willing to serve a diverse range of traders, they would have to specify it for their MiFID regulation. The categories from which Forex brokers can choose include: retail clients, professional clients, and so-called, eligible counterparties.

MiFID has strong reasons to demand this specification to all regulated brokers, so they can provide suitable, yet reliable, service and protection. You may find a manifestation of this regulation in the minimum deposit policy of the brokerage sites.

However, this requirement does not literally restrict brokers from having diverse clients. For example, many professional traders are still trading in retail brokers in favor of their portfolio diversification.

Professional Client Handling

MiFID regulation requires brokers to exhibit a high degree of professionalism when taking care of their clients. There are sets of conducts demanded by the regulator for brokers when trading on their clients' behalf. Brokers should embrace accountability, comprehensiveness, and reliability, when collecting information from their clients. These also reflect the data protection that every broker should provide to investors.

When you're researching brokers, accountability and performance are very important factors to consider. You should recognize how they handle their clients and perform trading on their behalf. MiFID brokers are typically very accommodating in a professional manner.

Transparency

Transparency has become the forefront condition that every broker should meet in order to become an MiFID broker. These brokers should inform all necessary terms and policies to the clients. In all practicality, brokers must disclose information about their service, which includes before and after trading conditions to their customers. It means that all brokers are obligated to be transparent when informing about the kinds of prices in their services, how it works, how it's charged, and all the details.

If you've been researching major brokers, you might have found that those major brokers are highly accountable and transparent in providing necessary data. These include: price levels, times, and volumes of the trades. MiFID requires brokers to showcase transparency on the buy and sell-side, as well as informing and disclosing all necessary data about the best possible bids and offers to their clients.

Reliability

As you might have guessed, all MiFID brokers available online are highly reliable. The regulatory body does a thorough assessment, and strictly demands the high-performance and reliability of brokerage service. When it comes to the client's order, MiFID requires brokers to embrace the best possible execution in a fast and accurate manner. This point of assessment is to filter out scam brokers, that manipulate or take advantage of delay through their service. MiFID wants each order to be settled as quickly and as accurately as possible.

MiFID brokers must have a high-performance platform that can fully cover all the instruments, pairs, and services that they offer. These brokers should guarantee the best possible trading and brokerage services to their clients. In other words, these brokers should only provide services that they can optimally perform. Retail brokers should be able to take care of individual investors needs and preferences.

MiFID Brokers Verdict

As mentioned above, MiFID regulation has covered diverse factors, including: reliability, accountability, transparency, professionalism, and so forth. Despite all the complexities, you can basically use MiFID regulation as a reference to choose the best Forex brokers. You would certainly be safer using MiFID brokers.

We've collected thousands of datapoints and written a guide to help you find the best MiFID 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 MiFID Regulated Investment Platforms below.

Reputable MiFID Brokers Checklist

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

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

Top 15 MiFID Regulated Investment Platforms of 2021 compared

Here are the top MiFID Regulated Investment Platforms.

Compare MiFID Regulated Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees 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 FXPrimus emporiumcapital teletrade liteforexinvestments kawase FXCC Vinson
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commissions (CySec), Markets In Financial Instruments Directive (MiFID), I.C.F. Investors Compensation Fund (CIFS) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commission (CySEC) , Markets In Financial Instruments Directive (MiFID) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Min Deposit 50 100 1000 100 10000 No minimum deposit 100 200
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
Used By 20,000,000+ 10,000+ 2,000+ 50,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Offers STP
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • ECN account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • Islamic 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
Platforms Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) MetaTrader 4 iPhone/iPad,iOS, MT4, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps
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
etoro
Sign Up with
fxprimus
Sign Up with
emporiumcapital
Sign Up with
teletrade
Sign Up with
liteforexinvestments
Sign Up with
kawase
Sign Up with
fxcentralclearing
Sign Up with
vinsonfinancials
Risk Warning 67% 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 Losses can exceed deposits
Demo eToro
Demo
FXPrimus
Demo
Emporium Capital
Demo
TeleTrade
Demo
Lite Forex Investments
Demo
Kawase
Demo
FX Central Clearing
Demo
Vinson Financials
Demo
Excluded Countries ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US, 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 KR,IR 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. 67% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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 2021 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. 67% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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 20000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). 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

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), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, 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 Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
emporiumcapital
(3/5)
Min deposit : 1000
Emporium Capital was established in 2017 and is used by over 2000+ traders. Your capital is at risk Emporium Capital offers Forex trading, Commodities Trading, Indices trading, Stocks Trading, Cryptocurrency trading, CFD Trading, Futures Trading. Cryptocurrency availability with Emporium Capital is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, 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 Cyprus Securities and Exchange Commissions (CySec), Markets In Financial Instruments Directive (MiFID), I.C.F. Investors Compensation Fund (CIFS)
teletrade
(2/5)
Min deposit : 100
TeleTrade was established in 2008 and is used by over 50000+ traders. Your capital is at risk TeleTrade offers Forex trading, Spread Betting, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android)

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), Markets In Financial Instruments Directive (MiFID)
liteforexinvestments
(3/5)
Min deposit : 10000
Lite Forex Investments was established in 2008 and is used by over 10000+ traders. Your capital is at risk Lite Forex Investments offers Forex trading, Social trading, .

Funding methods

Bank transfer Credit Card Paypal

Platforms

MetaTrader 4

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Markets In Financial Instruments Directive (MiFID)
kawase
(3/5)
Min deposit : 0
Kawase was established in 2008 and is used by over 10000+ traders. Your capital is at risk Kawase offers Forex trading, CFD trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

iPhone/iPad,iOS,

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) , Markets In Financial Instruments Directive (MiFID)
FXCC
(3/5)
Min deposit : 100
FX Central Clearing was established in 2010 and is used by over 10000+ traders. Your capital is at risk FX Central Clearing offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, 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), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Vinson
(3/5)
Min deposit : 200
Vinson Financials was established in 2004 and is used by over 10000+ traders. Losses can exceed deposits Vinson Financials 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), Markets In Financial Instruments Directive (MiFID)

Learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.