A lot of new forex traders are faced with dozens of choices when it comes to choosing a broker. Regulation is something that most of the brokers mention in their ads and sales pitches to try and get new customers on board. Here are some of the most common regulatory bodies and the country they are based in:. The most common regulator that we see amongst forex brokers is CySEC out of Cyprus. However, you only need to do a quick Google search to find that there have been some news items in the past where CySEC has been accused of corruption. Being subjective, Cyprus doesn't forex us as broker most financially secure place in the world. Broker objective, Cyprus again can't be considered a first world nation with the higest of standards. Our first recommendation for the best country for regulation would be the country that you live in because you can access them directly if an issue country. If that isn't an option, in our opinion the best countries are Australia, France, Germany, Japan, the UK and the US. If a broker is regulated in Cyprus as well as one of the best countries mentioned here, then it should be fine to trade with. Forex brokers who are listed on our website must be regulated with at least one regulatory body. Click here for a full list. Margin trading can be beneficial but also detrimental. You should consider your level of experience, capital you are willing to risk and trading conditions with each broker prior to trading in the forex market. Best Forex Brokers Forex FAQ Which country is the best for forex broker regulation? Which country is the best for forex broker regulation? Here are some of the most forex regulatory bodies and the country they are based in: Common forex regulatory bodies Country Name Australia ASIC Cyprus CySEC France AMF Germany BaFin Japan FSA Forex United Kingdom FCA United States NFA Country most common regulator that we see amongst forex brokers is CySEC out of Cyprus. Top 5 Brokers 1. London Capital Group 3. Best Brokers List Best Overall Brokers Best No Deposit Accounts Best VIP Accounts Lowest Spread Accounts Best PAMM Accounts. Best Brokers List Best Demo Accounts Best Micro Accounts Best Mini Broker Best Scalping Accounts Best Islamic Accounts.