| Updated: Romania has experienced significant economic growth in recent years and, as a result, an increasing number of residents have taken an interest in the foreign exchange market. The Autoritatea de Supraveghere Financiară (ASF) serves as Romania’s primary financial supervisory authority. As the country is a member of the EU, its forex regulatory framework mirrors that of other European countries. Forex leverage is therefore capped at 1:30 for non-professional traders, retail forex traders are entitled to negative balance protection, and a wide range of forex products is available.
Romanian forex traders are spoilt for choice, as brokerages may offer services to local clients provided they are authorised by either the ASF or another EEA regulator. If this range of options feels overwhelming, our team has you covered.
Below, you can find our carefully curated list of the best forex brokers regulated in Romania:
Top 10 Forex Brokers in Romania
-
Fusion Markets
- Australia regulated broker
- MT4, MT5, TradingView, Ctrader
- Leverage up to 500
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
FP Markets
- Australia and CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
BlackBull Markets
- Broker boasting lightning-fast execution speed
- ECN brokers with tight spreads from 0.0 pips
- $0 minimum deposit requirement
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
Global Prime
- Australia regulated broker
- Advanced MT4
- $0 Minimum Account Size
Trading InstrumentsDeposit Methods- Commodity CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
-
Plus500
- Multi-Level Regulated Broker
- Proprietary trading platforms
- Easy to use mobile app
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Share CFDs
- Stock CFDs
- US Stock CFDs
-
Vantage
- Broker offering some of the lowest spreads from 0.0 pips
- Operating in multiple markets under licenses from tier-1 regulators
- Provides a range of account types with great trading conditions
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
Pepperstone
- Australia and CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
FXTM
- Established brokerage company regulated by UK FCA, Kenya CMA, and Mauritius FSC
- MT4, MT5, Mobile Trading Platform
- $1M Lloyd’s of London account insurance
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
FxPro
- NDD broker offering deep liquidity and ultra-fast execution
- Over 99% instant order executions with no requotes
- Supports MT4, MT5, cTrader, and a proprietary platform
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
ActivTrades
- Winner of 20+ Global Awards
- MT4/MT5, TradingView
- Leverage up to 1:400
Trading InstrumentsDeposit Methods- Bonds CFDs
- Commodity CFDs
- Crypto CFDs
- ETF CFDs
- Forex CFDs
- Index CFDs
- Share CFDs
Our 8-step guide to choosing a forex broker
- Verify regulation and authorisation (e.g., FCA, ASIC).
- Check trading costs: spreads, commissions, swaps.
- Compare execution quality: slippage, fills, order types.
- Check platforms and tools: MT4/MT5, cTrader, TradingView.
- Ensure risk controls: stop-loss, guaranteed stops, negative balance protection.
- Review funding and withdrawals: local options, fees, processing times.
- Evaluate research, education, and alerts.
- Prioritise security and support: segregated client funds, two-factor authentication, support hours.
Brokers Compared by Spread
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| Fusion Markets |  |
$0 |
| FP Markets | |
$50 (AU$100) |
| BlackBull Markets |  |
$0 (Standard)$0 (Prime)$20,000 (Institutional) |
| Global Prime | |
$0 |
| Plus500 | |
$100 |
| Vantage | |
$50 |
| Pepperstone | |
$10 |
| FXTM | |
$200 |
| FxPro | |
No fixed minimum deposit requirement |
| ActivTrades | |
$0 |
Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| Fusion Markets | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC | Retail Account) |
| FP Markets | |
1:500 (CySEC | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:500 (FSAS | Retail Account) |
| BlackBull Markets | |
1:500 (FMA), 1:500 (FSAS) |
| Global Prime | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC) |
| Plus500 | |
1:300 (Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:30 (FMA | Retail Account), 1:30 (DFSA), 1:300 (FSAS), 1:20 (MAS), 1:300 (SCB) |
| Vantage | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (CIMA | Retail Account), 1:30 (FCA | Retail Account) |
| Pepperstone | |
1:500 (CySEC | Pro Account), 1:500 (SCB | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (DFSA | Retail Account), 1:30 (FCA | Retail Account), 1:200 (SCB | Retail Account) |
| FXTM | |
1:30 (FCA | Retail Account), 1:400 (CMA), 1:3000 (FSCA) |
| FxPro | |
1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:10000 (SCB | Retail Account) |
| ActivTrades | |
1:400 (CMVM | Pro Account), 1:30 (CMVM | Retail Account), 1:1000 (FSC), 1:200 (SCB) |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| Fusion Markets | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| FP Markets | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| BlackBull Markets | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| Global Prime | |
MetaTrader 4, MetaTrader 5 |
| Plus500 | |
Proprietary Mobile, Proprietary Web |
| Vantage | |
MetaTrader 4, MetaTrader 5, Proprietary Web, TradingView |
| Pepperstone | |
MetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web |
| FXTM | |
MetaTrader 4, MetaTrader 5 |
| FxPro | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| ActivTrades | |
MetaTrader 4, MetaTrader 5, Proprietary Web, TradingView |
Comprehensive Comparison of the Best Romanian Forex Brokers
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$0 |
|
AVG 0.91 pips |
|
|
 |
$50 (AU$100) |
|
AVG 1.29 pips |
|
|
 |
$0 (Standard)$0 (Prime)$20,000 (Institutional) |
|
AVG 0.1 pips |
|
|
 |
$0 |
|
AVG 1 pips |
|
|
 |
$100 |
|
AVG 0.8 pips |
|
|
 |
$50 |
|
AVG 0.08 pips |
|
|
 |
$10 |
|
AVG 1.1 pips |
|
|
 |
$200 |
|
AVG 2.1 pips |
|
|
 |
No fixed minimum deposit requirement |
|
AVG 0.48 pips |
|
|
 |
$0 |
|
AVG 0.5 pips |
|
This publication provides an overview of the Romanian forex market, including the legal forms of forex trading, restrictions on currency trading, the regulatory framework, requirements for forex brokers, and taxes on forex trading profits. We also discuss how to identify reliable forex brokers that accept Romanian clients and answer frequently asked questions about forex trading in Romania.
Legal Forms of Forex Trading in Romania
Forex trading is a popular investment activity in Romania, with many individuals and institutions participating in the market. The legal forms of forex trading in Romania are similar to those available in other EU countries, and traders can access a wide range of currency pairs. The most common forms of forex trading in Romania include:
- Spot Trading: Spot trading is the most common form of forex trading in Romania, allowing traders to buy and sell currencies at the current market price.
- CFDs (Contracts for Difference): CFDs are derivative instruments that allow traders to speculate on the price movements of currency pairs without owning the underlying assets. CFDs are popular in Romania, as they allow traders to use leverage and speculate on both rising and falling prices.
- Futures Trading: Futures trading involves buying or selling a currency pair at a predetermined price for settlement on a specific future date.
- Options Trading: Options trading involves contracts that give traders the right, but not the obligation, to buy or sell a currency pair at a predetermined price on or before a specific date. Options trading is less common in Romania but is still available through some online brokers and financial institutions.
The Romanian forex market is characterised by a high level of liquidity, with many major banks and financial institutions participating in it. The market is also subject to strict regulations, with the ASF responsible for overseeing and regulating the activities of forex brokers and other financial institutions. Romanian traders can access a wide range of trading tools and resources, including technical analysis software, market news, and educational materials. Overall, the legal forms of forex trading available in Romania provide traders with multiple ways to participate in the global forex market.
Restrictions on Currency Trading in Romania
The Romanian forex market is subject to restrictions and regulations designed to protect traders and maintain market stability. One of the key restrictions is the maximum permitted leverage for forex trading, which is set at 1:30 for major currency pairs and 1:20 for minor currency pairs. This means that traders can control positions worth up to 30 times their account balance when trading major currency pairs and up to 20 times their account balance when trading minor currency pairs. These leverage restrictions are intended to reduce the risk of losses and protect traders from excessive exposure.
In addition to leverage restrictions, the Romanian forex market is subject to strict regulations concerning margin requirements, trading hours, and position sizes. Forex brokers must comply with stringent risk management rules, including requirements to maintain adequate capital reserves and implement robust risk management systems. These restrictions are designed to maintain market stability and protect traders while allowing a degree of flexibility.
Who Regulates Forex Trading in Romania?
Forex trading in Romania is legal and regulated by the Autoritatea de Supraveghere Financiară (ASF), the country’s financial regulatory authority. The ASF is responsible for overseeing and regulating the activities of forex brokers, banks, and other financial institutions to ensure that they comply with relevant laws and regulations. As a member of the EU, Romania is subject to EU regulations and guidelines, including the MiFID II Directive, which establishes strict rules concerning investor protection, market transparency, and risk management.
The ASF has a range of functions and responsibilities, including licensing and regulating forex brokers, monitoring market activity, and enforcing compliance with relevant laws and regulations. The regulator also provides traders with guidance and support, including information about trading risks, market analysis, and educational materials. The ASF works closely with other EU regulators, including the European Securities and Markets Authority (ESMA), to ensure that the Romanian forex market meets high standards of regulation and oversight.
Requirements for Forex Brokers in Romania
Forex brokers operating in Romania must comply with strict requirements and regulations designed to protect traders and maintain market stability. To offer services in Romania, forex brokers must be authorised by the ASF or another EEA regulator and meet stringent criteria concerning capital adequacy and transparency.
In addition to meeting licensing requirements, forex brokers must comply with strict risk management rules, including requirements to maintain adequate capital reserves and implement robust risk management systems. They must also provide traders with access to a wide range of trading tools and resources, including technical analysis software, market news, and educational materials. These requirements are intended to provide traders with a safe and stable trading environment, together with a high level of protection and support.
Overall, forex brokers serving Romanian clients must meet certain requirements, including:
- Obtaining authorisation from the Autoritatea de Supraveghere Financiară (ASF) or another EEA regulator
- Meeting strict criteria concerning capital adequacy, risk management, and investor protection
- Complying with strict transparency rules, including requirements to disclose trading risks, fees, and charges
- Providing traders with access to a wide range of trading tools and resources, including technical analysis software, market news, and educational materials
- Complying with relevant EU regulations and guidelines, including the MiFID II Directive
- Implementing strict anti-money-laundering (AML) and know-your-customer (KYC) procedures
- Maintaining a physical presence in Romania, including a registered office and staff, where required
- Complying with strict advertising and marketing rules, including requirements to provide clear and transparent information about trading risks and fees
How to Identify Reliable Forex Brokers Accepting Romanian Clients
Identifying reliable forex brokers that accept Romanian clients requires careful research and due diligence. One of the key factors to consider is the broker’s licensing and regulatory status, including whether it is authorised by the ASF or another EEA regulator and complies with relevant EU regulations. Traders should also check the broker’s reputation and track record, including reviews and ratings from other traders.
In addition to licensing and reputation, traders should consider the broker’s trading conditions, including leverage, spreads, and fees. They should also look for brokers that offer a wide range of trading tools and resources, including technical analysis software, market news, and educational materials. Pricing transparency is another important factor, and traders should seek brokers that provide clear information about spreads, fees, and other charges.
Traders can check the ASF’s register of licensed brokers to confirm that the broker they are considering is authorised to serve Romanian clients.
Are There Taxes on Profits from Forex Trading in Romania?
Yes. Profits from forex trading in Romania are subject to capital gains tax. The tax rate on forex trading profits is 10%, and traders are required to declare their trading income on their annual tax returns.
Traders should consult a tax professional or financial adviser to ensure that they comply with all relevant tax laws and regulations. They should also keep accurate records of their trading activities, including profits and losses, so that they can report their trading income correctly.
FAQs
Is forex trading legal in Romania?
Yes, forex trading is legal in Romania and is regulated by the Autoritatea de Supraveghere Financiară (ASF).
What is the maximum allowable leverage on forex trading in Romania?
The maximum allowable leverage on forex trading in Romania is 1:30 for major currency pairs and 1:20 for minor currency pairs.
How do I identify a reliable forex broker in Romania?
To identify a reliable forex broker in Romania, consider factors such as licensing, reputation, trading conditions, and pricing transparency.
Are there taxes on profits from forex trading in Romania?
Yes, profits from forex trading in Romania are taxable and subject to capital gains tax.
Can I use automated trading systems or expert advisors (EAs) with a Romanian forex broker?
Yes, many forex brokers serving Romanian clients allow the use of automated trading systems or expert advisors (EAs), but you should check with the broker to confirm its policies and requirements.
Conclusion
The Romanian forex market offers a wide range of opportunities for traders, with high levels of liquidity and flexibility. However, the market is also subject to strict regulations and restrictions designed to protect traders and maintain stability. Forex brokers operating in Romania must comply with rigorous requirements, including licensing obligations, robust risk management procedures, and transparency rules.
Traders should carefully research and evaluate forex brokers before opening an account, considering factors such as licensing, reputation, trading conditions, and pricing transparency. They should also be aware of the taxes and charges associated with forex trading in Romania. By following these guidelines and conducting thorough research, traders can make better-informed decisions when participating in the Romanian forex market.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it's essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it's clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker's service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at feedback@rationalfx.com or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.