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RomaniaEach broker on this page is authorised by the Financial Supervisory Authority (ASF) of Romania, a Tier 2 regulator operating within the European Union. The ASF enforces a maximum retail leverage cap of 1:30 for stock and CFD trading, which applies to all brokers under its jurisdiction. ASF-regulated firms must comply with EU financial directives, including requirements around operational standards and client fund protection. Brokers licensed by the ASF can provide cross-border investment services across the European Economic Area through EU passporting.
Verify on official register
Check a broker’s licence status directly on the ASF register.
eToro's zero-commission real stocks and fractional share product make it accessible for beginners, though its USD-denominated accounts mean non-US investors face FX conversion costs on every transaction.
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.
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.
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