| Updated: January 15, 2025Romania has experienced significant economic growth in recent years, driven by its strategic location, skilled workforce, and favorable business environment. The country’s economic landscape is characterized by a mix of industrial, agricultural, and service sectors, with a growing focus on financial services.
The Autoritatea de Supraveghere Financiara (ASF), the local financial regulatory authority, plays a crucial role in overseeing and regulating the country’s financial markets, including the forex market. As a member of the European Union, Romania is subject to EU regulations and guidelines, ensuring a high level of transparency and investor protection.
Below you can find a list with Forex brokers regulated in Romania:
Top 9 Forex Brokers in Romania
-
Plus500
- Multi-Level Regulated Broker
- Proprietary trading platforms
- Easy to use mobile app
Trading Instruments- CFDs on: Forex
- Crypto
- Indices
- Commodities
- Stocks
- Options
- ETFs
-
Fusion Markets
- Australia regulated broker
- MT4, MT5, TradingView, Ctrader
- Leverage up to 500
-
FP Markets
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading Instruments- Forex CFDs
- Shares CFDs
- Metals CFDs
- Commodities CFDs
- Indices CFDs
- Crypto CFDs
- ETF CFDs
-
Global Prime
- Australia regulated broker
- Advanced MT4
- $0 Minimum Account Size
-
Pepperstone
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading Instruments- Forex
- Indices
- Commodities
- Cryptocurrencies
- Share CFDs
- ETFs
-
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
-
Admirals
- Trade using MetaTrader 4 and 5, as well as Admirals' specialized plugins for additional functionality.
- Access forex, shares, indices, commodities, ETFs, bonds, and cryptocurrency CFDs.
- Admirals is overseen by top-tier regulatory bodies: FCA, ASIC, CySEC, and EFSA, assuring transparency and customer security.
Trading Instruments- CFDs on Forex
- Indices
- Stocks
- Commodities
- Bonds
- ETFs
- Cryptocurrencies
-
BlackBull Markets
- Broker boasting lightning-fast execution speed
- ECN brokers with tight spreads from 0.0 pips
- $0 minimum deposit requirement
Trading Instruments- Forex
- Commodities
- Futures
- Indices
- Stocks
- Cryptocurrencies
-
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
Brokers Compared by Spread
| Brand | Commission per lot | |
|---|---|---|
| Plus500 | 1.2 | $0 |
| Fusion Markets | 0.93 avg (Classic) | $0 Classic Account, $4.50 round turn on Zero Account |
| FP Markets | 1.1 | $0 Standard Account; $6 round turn on Pro Account |
| Global Prime | 0.96 avg (Standard) | $0 Standard Accounts; $7 round turn on Raw Accounts |
| Pepperstone | 1.00 (min) | $0 (Standard Account), $7 round-turn (Razor Account) |
| FXTM | 0.1 | |
| Admirals | 0.1 | $3 per lot |
| BlackBull Markets | 0.1 | $0 Standard; $6 per lot Prime; $4 per lot Institutional |
| FxPro | 0.25 | $0 on Standard Account; $3.5 per side on Raw+ and Elite Accounts |
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| Plus500 |  |
$100 |
| Fusion Markets |  |
$0 |
| FP Markets | |
$50 (AU$100) |
| Global Prime | |
$0 |
| Pepperstone | |
$0 |
| FXTM | |
$200 |
| Admirals | |
$100 ($1 for Invest MT5 Account) |
| BlackBull Markets | |
$0 (Standard)$2,000 (Prime)$20,000 (Institutional) |
| FxPro | |
$100 |
Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| Plus500 | |
1:30 |
| Fusion Markets | |
1:30 (1:500 for forex and metals via VFSC) |
| FP Markets | |
1:30 |
| Global Prime | |
1:500 (1:30 for ASIC entity) |
| Pepperstone | |
1:30 |
| FXTM | |
1:2000 |
| Admirals | |
1:30 |
| BlackBull Markets | |
1:500 |
| FxPro | |
1:30 |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| Plus500 | |
60+ |
| Fusion Markets | |
80+ |
| FP Markets | |
70+ |
| Global Prime | |
56 |
| Pepperstone | |
90+ |
| FXTM | |
|
| Admirals | |
82 |
| BlackBull Markets | |
70+ |
| FxPro | |
70+ |
Comprehensive Comparison of the Best Romania Forex Brokers
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$100 |
|
1.2 | ||
 |
$0 |
|
0.93 avg (Classic) |
|
|
 |
$50 (AU$100) |
|
1.1 |
|
|
 |
$0 |
|
0.96 avg (Standard) |
|
|
 |
$0 |
|
1.00 (min) |
|
|
 |
$200 |
|
0.1 |
|
|
 |
$100 ($1 for Invest MT5 Account) |
|
0.1 |
|
|
 |
$0 (Standard)$2,000 (Prime)$20,000 (Institutional) |
|
0.1 |
|
|
 |
$100 |
|
0.25 |
|
This publication provides an overview of the Romanian forex market, including the legal forms of forex trading, restrictions on currency trading, regulatory framework, requirements for forex brokers, and taxes on profits from forex trading. We will also discuss how to identify reliable forex brokers accepting Romanian clients and provide answers to frequently asked questions about forex trading in Romania.
Legal Forms of Forex Trading in Romania
Forex trading in Romania is a popular investment activity, with many individuals and institutions participating in the market. The legal forms of forex trading in Romania are similar to those in other EU countries, with traders able to 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, with traders able to buy and sell currencies at the current market price.
- CFDs (Contract for Difference): CFDs are a type of derivative instrument that allows traders to speculate on the price movement of a currency pair without actually owning the underlying asset. CFDs are popular in Romania, as they offer traders the ability to trade with leverage and to profit from both rising and falling prices.
- Futures Trading: Futures trading involves the purchase or sale of a currency pair at a predetermined price on a specific date in the future.
- Options Trading: Options trading entails contracts that give the trader 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 characterized 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 in Romania provide traders with multiple opportunities to participate in the global forex market.
Restrictions on Currency Trading in Romania
The Romanian forex market is subject to certain restrictions and regulations, designed to protect traders and maintain market stability. One of the key restrictions is the maximum allowable leverage on forex trading, which is set at 1:30 for major currency pairs and 1:20 for minor currency pairs. This means that traders can borrow up to 30 times their account balance to trade major currency pairs, and up to 20 times their account balance to trade minor currency pairs. The leverage restrictions are designed to reduce the risk of losses and protect traders from excessive risk exposure.
In addition to leverage restrictions, the Romanian forex market is also subject to strict regulations on margin requirements, trading hours, and position sizing. Forex brokers must also comply with strict rules on risk management, including the requirement to maintain adequate capital reserves and to implement robust risk management systems. The restrictions on currency trading in Romania are designed to maintain market stability and protect traders, while also allowing for a high level of flexibility and freedom to trade.
Who Regulates Forex Trading in Romania?
Forex trading in Romania is legal and regulated by the Autoritatea de Supraveghere Financiara (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 sets out strict rules on 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 guidance and support to traders, including information on 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 is subject to the highest 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 operate in Romania, forex brokers must obtain a license from the ASF, which involves meeting strict criteria on capital adequacy and transparency.
In addition to licensing requirements, forex brokers must also comply with strict rules on risk management, including the requirement to maintain adequate capital reserves and to implement robust risk management systems. Forex brokers must also provide traders with access to a wide range of trading tools and resources, including technical analysis software, market news, and educational materials. The requirements for forex brokers in Romania are designed to ensure that traders have access to a safe and stable trading environment, with a high level of protection and support.
Overall, to operate in Romania, forex brokers must meet certain requirements, including:
- Obtaining a license from the Autoritatea de Supraveghere Financiara (ASF)
- Meeting strict criteria on capital adequacy, risk management, and investor protection
- Complying with strict rules on transparency, including the requirement 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
- Complying with strict rules on advertising and marketing, including the requirement to provide clear and transparent information about trading risks and fees
How to Identify Reliable Forex Brokers Accepting Romanian Clients
Identifying reliable forex brokers accepting Romanian clients requires careful research and due diligence. One of the key factors to consider is the broker’s license and regulatory status, including whether they are licensed by the ASF and comply 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 also consider the broker’s trading conditions, including leverage, spreads, and fees. Traders should also look for brokers that offer a wide range of trading tools and resources, including technical analysis software, market news, and educational materials. Price transparency is also an important factor, with traders looking for brokers that provide clear and transparent pricing, including information on spreads, fees, and charges.
Traders can check the ASF’s register of licensed brokers to ensure that the broker they are considering is authorized to operate in Romania.
Are There Taxes on Profits from Forex Trading in Romania?
There are taxes on profits from forex trading in Romania, with traders subject to capital gains tax on their trading profits. The tax rate on forex trading profits in Romania is 10%, with traders required to declare their trading income on their tax return.
Traders should consult with a tax professional or financial advisor to ensure that they comply with all relevant tax laws and regulations. They should also keep accurate records of their trading activity, including profits and losses, to ensure that they can accurately report their trading income on their tax return.
FAQs
Is forex trading legal in Romania?
Yes, forex trading is legal in Romania and is regulated by the Autoritatea de Supraveghere Financiara (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 price transparency.
Are there taxes on profits from forex trading in Romania?
Yes, there are taxes on profits from forex trading in Romania, with traders subject to capital gains tax on their trading profits.
Can I use automated trading systems or expert advisors (EAs) with a Romanian forex broker?
Yes, many Romanian forex brokers allow the use of automated trading systems or expert advisors (EAs), but you should check with the broker to confirm their policies and requirements.
Conclusion
In conclusion, the Romanian forex market offers a wide range of opportunities for traders, with a high level of liquidity, flexibility, and freedom to trade. However, the market is also subject to strict regulations and restrictions, designed to protect traders and maintain market stability. Forex brokers operating in Romania must comply with strict requirements and regulations, including licensing, risk management, and transparency.
Traders should carefully research and evaluate forex brokers before opening an account, considering factors such as licensing, reputation, trading conditions, and price transparency. They should also be aware of the taxes and charges associated with forex trading in Romania. By following these guidelines and doing their research, traders can ensure that they have a safe and successful trading experience 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 17 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 [email protected] or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.