Regulators
Tier 1 regulators offer the strongest client protection (segregated funds, compensation schemes, strict audits). Offshore licenses are easier to obtain and offer much less recourse.
Tier 1 23 regulators
CIRO
Canadian Investment Regulatory Organization
🇨🇦 Canada · 5 licensees
SRO
FI
Finansinspektionen
🇸🇪 Sweden · 0 licensees
ASIC
Australian Securities and Investments Commission
🇦🇺 Australia · 86 licensees
FCA
Financial Conduct Authority
🇬🇧 United Kingdom · 58 licensees
CySEC
Cyprus Securities and Exchange Commission
🇨🇾 Cyprus · 63 licensees
CFTC
Commodity Futures Trading Commission
🇺🇸 United States · 1 licensee
NFA
National Futures Association
🇺🇸 United States · 1 licensee
SRO
FINMA
Swiss Financial Market Supervisory Authority
🇨🇭 Switzerland · 1 licensee
MAS
Monetary Authority of Singapore
🇸🇬 Singapore · 7 licensees
FSA
Financial Services Agency
🇯🇵 Japan · 33 licensees
SEC
U.S. Securities and Exchange Commission
🇺🇸 United States · 0 licensees
SFC
Securities and Futures Commission
🇭🇰 Hong Kong SAR China · 18 licensees
BaFin
Federal Financial Supervisory Authority (BaFin)
🇩🇪 Germany · 0 licensees
AMF
Autorité des marchés financiers
🇫🇷 France · 0 licensees
CNMV
Comisión Nacional del Mercado de Valores
🇪🇸 Spain · 0 licensees
CONSOB
Commissione Nazionale per le Società e la Borsa
🇮🇹 Italy · 0 licensees
AFM
Dutch Authority for the Financial Markets
🇳🇱 Netherlands · 0 licensees
FMA
Financial Markets Authority
🇳🇿 New Zealand · 7 licensees
MFSA
Malta Financial Services Authority
🇲🇹 Malta · 4 licensees
DFSA
Dubai Financial Services Authority
🇦🇪 United Arab Emirates · 7 licensees
FSRA
ADGM Financial Services Regulatory Authority
🇦🇪 United Arab Emirates · 8 licensees
HKEX
Hong Kong Exchanges and Clearing
🇭🇰 Hong Kong SAR China · 0 licensees
Exchange
FINRA
Financial Industry Regulatory Authority
🇺🇸 United States · 1 licensee
SRO
Tier 2 23 regulators
JFX
Jakarta Futures Exchange
🇮🇩 Indonesia · 4 licensees
Exchange
HKGX
Hong Kong Gold Exchange
🇭🇰 Hong Kong SAR China · 11 licensees
Exchange
FSC
Financial Services Commission, Mauritius
🇲🇺 Mauritius · 36 licensees
CIMA
Cayman Islands Monetary Authority
🇰🇾 Cayman Islands · 2 licensees
Labuan
Labuan Financial Services Authority
🇲🇾 Malaysia · 4 licensees
FSCA
Financial Sector Conduct Authority
🇿🇦 South Africa · 33 licensees
SEBI
Securities and Exchange Board of India
🇮🇳 India · 0 licensees
SCB
Securities Commission of The Bahamas
🇧🇸 Bahamas · 5 licensees
IOMFSA
Isle of Man Financial Services Authority
🇮🇲 Isle of Man · 0 licensees
CBB
Central Bank of Bahrain
🇧🇭 Bahrain · 0 licensees
QFCRA
Qatar Financial Centre Regulatory Authority
🇶🇦 Qatar · 0 licensees
BVI FS
British Virgin Islands Financial Services Commission
🇻🇬 British Virgin Islands · 1 licensee
SCA
Securities and Commodities Authority
🇦🇪 United Arab Emirates · 7 licensees
FSS
Financial Supervisory Service
🇰🇷 South Korea · 0 licensees
FSC
Financial Services Commission (Korea)
🇰🇷 South Korea · 0 licensees
SEC
Securities and Exchange Commission, Thailand
🇹🇭 Thailand · 0 licensees
BAPPEB
Commodity Futures Trading Regulatory Agency (Bappebti)
🇮🇩 Indonesia · 7 licensees
CBR
Bank of Russia
🇷🇺 Russia · 0 licensees
CFFEX
China Financial Futures Exchange
🇨🇳 China · 4 licensees
Exchange
CMA
Capital Market Authority
🇸🇦 Saudi Arabia · 0 licensees
SAMA
Saudi Central Bank
🇸🇦 Saudi Arabia · 0 licensees
CNB
Czech National Bank
🇨🇿 Czechia · 1 licensee
NBRB
National Bank of the Republic of Belarus
🇧🇾 Belarus · 3 licensees
Tier 3 5 regulators
SERC
Securities and Exchange Regulator of Cambodia
🇰🇭 Cambodia · 3 licensees
FSC
FSC (Hong Kong)
🇭🇰 Hong Kong SAR China · 2 licensees
Not a regulator
FinCEN
Financial Crimes Enforcement Network
🇺🇸 United States · 9 licensees
Not a regulator
DMCC
Dubai Multi Commodities Centre
🇦🇪 United Arab Emirates · 0 licensees
Not a regulator
FSPR
Financial Service Providers Register (New Zealand)
🇳🇿 New Zealand · 0 licensees
Not a regulator
Offshore 6 regulators
AOFA
Anjouan Offshore Finance Authority
🇰🇲 Comoros · 4 licensees
Not a regulator
FSC Be
Financial Services Commission, Belize
🇧🇿 Belize · 1 licensee
MISA
Mwali International Services Authority
🇰🇲 Comoros · 11 licensees
Not a regulator
SVG FS
Financial Services Authority, St. Vincent and the Grenadines
🇻🇨 St. Vincent & Grenadines · 0 licensees
FSA
Financial Services Authority, Seychelles
🇸🇨 Seychelles · 65 licensees
VFSC
Vanuatu Financial Services Commission
🇻🇺 Vanuatu · 12 licensees