In order to put together a list of the best no-ESMA forex brokers we have taken the following elements into consideration:
- The regulations of the no-ESMA broker
- The leverage offered by no-ESMA offices
- The protections offered by no-ESMA branches
- The quality of trading services
Is it possible to avoid ESMA rules?
It may be possible to avoid ESMA rules in a couple of cases. These situations are as follows:
- If you are a professional trader then you can avoid ESMA regulations. You will have to satisfy some quite stringent requirements in relation to your portfolio value, trading volume, or industry experience, two out of three. But, if you do, then most brokers offer accounts to professional traders that are not bound under ESMA regulation. This likely means increased leverage up to 500:1 depending on the broker, and no need for negative balance protection.
- If you are a European retail trader residing outside the EU, then you may be able to apply to open your account in another jurisdiction that does not fall under the ESMA regulations and instead under that of the local regulatory body.
About The Author