Trading in Europe
Trading across the European Union runs on MiFID II, a single harmonised framework that applies in every member state.
Top-rated platforms in Europe
Regulation and ESMA
The European Securities and Markets Authority (ESMA) sets the bar for retail protection. A broker authorised in one member state can passport its services across the EU, for example under BaFin in Germany, CySEC in Cyprus or the AMF in France.
Passporting, explained
Passporting means a single national licence can extend across the bloc. Check which national authority actually supervises your broker, since that is where your protections sit.
What to check
- National regulator status. Verify the broker is registered with the relevant national competent authority.
- Leverage limits. ESMA enforces strict leverage caps for retail traders.
- Negative balance protection. Confirm the platform offers this essential risk control.
- Tax treatment. Mind local tax rules, such as the Tobin Tax in certain European jurisdictions.
Availability differs by provider and location. Always confirm registration and product availability directly with the provider and the relevant local regulator.
Publisher disclaimer
Market Wise Guide is a general education and comparison publisher. We are not a broker or financial adviser. Our aim is to help you compare the options across the European market.