eToro's zero-commission real stocks and fractional share offering make it accessible for beginners, though its USD-denominated accounts mean non-US investors face FX conversion costs on every transaction.
Read ReviewASF
Last updated
2
Regulated Brokers
Country
RomaniaJurisdiction
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.
ASF Regulated Stock Brokers
2 brokers
XM offers share CFDs on 1,200+ stocks across major global exchanges under CySEC, ASIC, and FSC regulation - one of the widest share CFD selections available among multi-asset regulated brokers.
Read ReviewRelated Regulators
France
NetherlandsPersonalised recommendation
Not sure which broker is right for you?
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my brokerFrequently 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 stock 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 investors 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.