Regulatory authorities by rating
Five ratings, AAA to C, by what a licence actually obliges a broker to do for the customer. The method is written down.
Regulatory ratings are platform assessments based on defined criteria. They are not credit ratings and should not replace information published by the authority.
AAA
Strongest assessed environment
ASICAustralian Securities and Investments Commission, Australia40 brokersFCAFinancial Conduct Authority, United Kingdom39 brokersMASMonetary Authority of Singapore, Singapore10 brokersCFTC/NFACommodity Futures Trading Commission and National Futures Association, United States7 brokersFSA (Japan)Financial Services Agency, Japan7 brokersBaFinBundesanstalt für Finanzdienstleistungsaufsicht, Germany5 brokersFINMASwiss Financial Market Supervisory Authority, Switzerland4 brokersSFC (Hong Kong)Securities and Futures Commission, Hong Kong4 brokersSEC/FINRASecurities and Exchange Commission and FINRA, United States2 brokersFINRAFinancial Industry Regulatory Authority, United States2 brokersSECSecurities and Exchange Commission, United States2 brokersCFTCCommodity Futures Trading Commission, United States1 brokersNFANational Futures Association, United States1 brokers
AA
Very strong
CySECCyprus Securities and Exchange Commission, Cyprus40 brokersDFSA (DIFC)Dubai Financial Services Authority, United Arab Emirates14 brokersCIROCanadian Investment Regulatory Organization, Canada6 brokersFMA (New Zealand)Financial Markets Authority, New Zealand6 brokersFSRA (ADGM)Financial Services Regulatory Authority, United Arab Emirates2 brokersCentral Bank of IrelandCentral Bank of Ireland, Ireland1 brokersCONSOBCommissione Nazionale per le Società e la Borsa, Italy1 brokersAMFAutorité des Marchés Financiers, France1 brokersKNFKomisja Nadzoru Finansowego, Poland1 brokersCMVMComissão do Mercado de Valores Mobiliários, Portugal1 brokersMFSAMalta Financial Services Authority, Malta1 brokersFSA (Denmark)Finanstilsynet, Denmark1 brokersBank of ItalyBanca d'Italia, Italy1 brokersECBEuropean Central Bank, European Union1 brokers
A
Established
FSCA (South Africa)Financial Sector Conduct Authority, South Africa29 brokersSCA (UAE)Securities and Commodities Authority, United Arab Emirates3 brokersISA (Israel)Israel Securities Authority, Israel3 brokersEFSA (Estonia)Finantsinspektsioon, Estonia2 brokersFSC (Bulgaria)Financial Supervision Commission, Bulgaria1 brokersBank of LatviaLatvijas Banka, Latvia1 brokersFFAJ (Japan)Financial Futures Association of Japan, Japan1 brokers
B
Limited
FSC (Mauritius)Financial Services Commission, Mauritius31 brokersCMA (Kenya)Capital Markets Authority, Kenya10 brokersCMA (UAE)Capital Market Authority (as recorded on broker material), United Arab Emirates9 brokersJSC (Jordan)Jordan Securities Commission, Jordan3 brokersSERC (Cambodia)Securities and Exchange Regulator of Cambodia, Cambodia1 brokers
C
Weak or limited safeguards
FSA (Seychelles)Financial Services Authority, Seychelles30 brokersFSC (BVI)Financial Services Commission, British Virgin Islands8 brokersFSC (Belize)Financial Services Commission, Belize8 brokersSCB (Bahamas)Securities Commission of The Bahamas, Bahamas8 brokersVFSC (Vanuatu)Vanuatu Financial Services Commission, Vanuatu7 brokersCIMA (Cayman Islands)Cayman Islands Monetary Authority, Cayman Islands6 brokersMISA (Comoros)Mwali International Services Authority, Comoros4 brokersBMA (Bermuda)Bermuda Monetary Authority, Bermuda1 brokersCBCS (Curaçao)Centrale Bank van Curaçao en Sint Maarten, Curaçao1 brokersCBA (Armenia)Central Bank of Armenia, Armenia1 brokers