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HomeForexRegulators

ASF

Last updated May 3, 2026

2
Regulated Brokers
Country
RomaniaRomania
Jurisdiction
European Union
Tier
Tier 2

Regulated jurisdiction with established oversight, though with fewer investor protections than Tier 1.

Max Leverage
1:30

Maximum retail client leverage under this jurisdiction.

Official Website
asfromania.ro

Romania's Autoritatea de Supraveghere Financiară (Financial Supervisory Authority) regulates capital markets, insurance, and private pensions under EU MiFID II. ASF-supervised investment firms are subject to ESMA leverage caps and investor compensation up to EUR 20,000 under the Romanian Investor Compensation Fund. International brokers typically serve Romanian clients via EU passporting from Cyprus, Germany, or the UK.

Verify on official register

Check a broker's licence status directly on ASF's public register.

Official public register

ASF Regulated Forex Brokers

2 brokers

XM

4 bonusesCySEC, ASIC
4.3/ 5

Low minimum deposit, broad bonus program, and strong educational content. CySEC- and ASIC-regulated.

Min. deposit: $5

Spreads from 0.6 pips

Up to 1000:1

Read Review

eToro

4 bonusesFCA, CySEC
4.2/ 5

Best-in-class social and copy trading on a clean proprietary web/mobile platform. FCA / CySEC / ASIC regulated.

Min. deposit: $50

Spreads from 1 pips

Up to 30:1

Read Review

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Frequently Asked Questions

ASF is classified as a Tier 2 regulator. Regulated jurisdiction with established oversight, though with fewer investor protections than Tier 1.

We currently list 2 forex brokers regulated by ASF. The full list is shown above, sorted by overall trader rating.

ASF is based in Romania and covers the European Union jurisdiction. As a Tier 2 regulator, it provides meaningful oversight, though traders should also verify whether a broker holds an additional Tier 1 licence for added protection.

Visit the official ASF website and use their public register or licence verification tool. Enter the broker's registered name or licence number to confirm its status. This is the most reliable way to check a broker's regulatory standing.

Compensation availability depends on the specific rules of ASF in Romania. Tier 1 regulators typically operate investor compensation schemes covering a portion of client funds. Check the regulator's official guidance for current limits and eligibility criteria.