Forex brokers in Ireland

Central Bank of Ireland (CBI) is the primary regulator overseeing the Irish financial sector. It has set a number of requirements to forex brokers authorized to operating in the country. These include record keeping, transparent pricing, minimum capital adequacy, segregated client accounts, minimum competency requirements, and more.

CBI keeps a register of regulated companies and anyone can check whether a certain forex broker is licensed or not. Besides, the CBI publishes Investment Firms Q&A, as well as updates to it.

In March 2017 the Irish watchdog proposed a couple of restrictive measures to financial service providers to limit the losses of their clients, as according to its own surveys, 74% of retail investors lost significant amounts of money over 2015 and 2016 (an average of €2,700).

Measures proposed by the Central Bank of Ireland include Introducing negative balance protection, a maximum leverage limit of 1:25 and prohibiting bonuses and other promotions. These measures are consistent with ESMA’s guidelines and with restrictions imposed by other European regulators.

Most brokers operating in Ireland are not licensed by the CBI, but are instead regulated in another EU member state and provide financial and investment services under the MiFID passporting rules.

Forex brokers in Ireland

Broker	Country	Regulation	Platforms	Min.deposit	Review
	Cyprus	CySec, FCA	MT4, MT5, Web	$5	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	UK, Cyprus, Hong Kong	FCA, CySEC, SFC	MT4, Web, PrimeTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Australia, Singapore	FCA, ASIC, MAS, BaFin	MT4, Web, ProRealTime, 2Dealer	$0	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Ireland, Australia, Japan, South Africa	ASIC, Central Bank of Ireland	MT4, AvaTrader	$100	Review
	Cyprus	CySec	MT4, Web, Gwasy	$100	Review
	Cyprus	CySEC	in-house mobile app	$50	Review Website

Ireland proposes restrictive measures for forex and CFD trading

Mar 06 2017 10:44:05 Jonathan Smith in Market

After the Financial Conduct Authority capped leverage to 1;50 and banned trading bonuses in the UK, it is hardly a surprise that the Irish financial watchdog follows suit. Read more

IronFX launches Spread Betting in UK and the Republic of Ireland

Nov 10 2014 14:05:36 Stanimir Zhelev in Brokers

IronFX Global UK Limited, an FCA-regulated entity and one of the largest online Brokers in the world, is pleased to announce the launch of Spread Betting a new trading product available exclusively to clients resident in the UK and the Republic of Ireland. Read more

Ireland Factory Output Declines For Third Month

Jan 08 2013 12:01:03 Stanimir Zhelev in Market

Production in the Irish manufacturing sector decreased for the third straight month in November compared to a year ago, but the pace of decline slowed, data released by the Central Statistics Office showed Tuesday. Manufacturing output dropped 6.8 percent year-on-year, following declines of 17. Read more

Ireland Gets $1.17 Bln IMF Loan Under Bailout Program

Dec 18 2012 07:31:03 Stanimir Zhelev in Market

The International Monetary Fund (IMF) on Monday approved the disbursement of $1.17 billion to Ireland under the bailout program, saying that the country has advanced reforms and continued steadfast policy implementation even as economic growth slowed. Read more

Ireland Construction Activity Declines Steadily In November

Dec 11 2012 09:31:02 Stanimir Zhelev in Market

Irish construction activity fell sharply again in November as new orders declined at an accelerated pace, leading to more job cuts and weak sentiment, survey data released by Markit Economics showed on Tuesday. The Ulster Bank Construction Purchasing Managers' Index remained unchanged at 42. Read more