The Romanian online Forex market may not look like a powerhouse volume-wise, but retail traders in the country have long dabbled in forex trading, using various regulated and unregulated brokerages present on the local market. Local authorities have had their fair share of problems, trying to rein in some of the unauthorized and unregistered Forex brokers who were peddling their services to the Romanian public through the benevolently anonymous way of the internet.

An EU member since 2007, Romania adheres to the financial regulation directives of the EU, and as such, it allows EU-licensed forex brokers to operate within its jurisdiction. In this regard, CySEC-regulated and licensed brokers are generally accepted. One needs to understand though that the main financial regulatory body of the country is ASF (Autoritatea de Supraveghere Financiara), and the authority keeping watch over the stability of the national currency, the new Romanian Leu (RON), is the Romanian National Bank (BNR).

Unregulated brokers cannot legally operate in the country, and the Romanian authorities have been known to take concrete steps towards physically denying access to such shady actors. In May, 2016, police stormed the offices of several unregulated as well as regulated online brokerages throughout the country, arresting some 130 people from the unlicensed camp. The raids were a direct consequence of complaints filed by Romanian retail Forex traders, mostly against companies registered in offshore locations such as Belize and Mauritius.

That said, operators with an EU license continue to bring Forex and CFD trading services to the Romanian public.

Broker Bonus Regulator Platforms Next Step
Number One Broker ForexTime Logo Founded: 2011

Switch to FXTM
get $4 back for every lot you trade
T&C Apply

CySEC, FSB, IFSC MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)
AvaTrade Logo Founded: 2006

Exclusive 40% Bonus
for ForexTraders Visitors
Limited Time Offer

ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
eToro Logo Founded: 2007
CySEC, FCA eToro OpenBook, eToro WebTrader, eToro Mobile Trader
esayMarkets logo Founded: 2001

50% deposit bonus up to $2,000*

*(excluding EU Countries)
ASIC, CySEC MT4, Web platform & Easy-forex on mobile
Markets.com logo Founded: 2006

$25 no deposit offer
T&C apply

CySEC, FSB Markets.com Platform
City Index Logo Founded: 1983
ASIC, FCA, MAS Advantage Web, AT Pro, MT4
Plus500 Logo Founded: 2008
ASIC, CySEC, FCA Plus500
HotForex Logo Founded: 2008

100% FTD Bonus

CySEC, FSA MT4
XM Logo Founded: 2010

$30 Free
+ Deposit Bonus up to $5,000 (t&c apply)

CySEC, FCA MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader
FXPrimus Logo Founded: 1999
CySEC MT4
Oanda Logo Founded: 1996
ASIC, CFTC, FCA, FFAJ, FSA, IIROC, KLFB, MAS, NFA fxTrade, MT4
Founded: 2011

FTD 50% Bonus

FCA MT4 and cTrader
XTB Logo Founded: 2002

Cash back loyalty bonus.
Earn up to £1.80 cash back per lot.

BaFin, CMB, FCA, KNF xStation, MT4, Mobile
FXGlobe Logo Founded: 2013
CySEC, MiFID MT4, FXGlobe Web Trader