Best Central Bank of Ireland (CBI) Regulated Brokers 2025
We’ve personally tested and ranked the top brokers regulated by the Central Bank of Ireland (CBI), ensuring high standards of trust and reliability.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.9 Founded in 2006, AvaTrade is a top forex and CFD broker trusted by over 400,000 traders. Regulated in 9 regions, it handles more than 2 million trades monthly. AvaTrade offers platforms like MT4, MT5, and WebTrader, with over 1,250 instruments. Traders of all levels can explore CFDs, AvaOptions, and AvaFutures for short-term trading. AvaTrade provides excellent education and 24/5 multilingual customer support for a complete trading experience.
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Safety Comparison
Compare how safe the Best Central Bank of Ireland (CBI) Regulated Brokers 2025 are.
Mobile Trading Comparison
Compare the mobile trading features of the Best Central Bank of Ireland (CBI) Regulated Brokers 2025.
Comparison for Beginners
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Comparison for Advanced Traders
Compare how suitable the Best Central Bank of Ireland (CBI) Regulated Brokers 2025 are for advanced or professional traders.
Accounts Comparison
Compare the trading accounts offered by Best Central Bank of Ireland (CBI) Regulated Brokers 2025.
Detailed Rating Comparison
Compare how we rated the Best Central Bank of Ireland (CBI) Regulated Brokers 2025 in key areas.
Fee and Cost Comparison
Compare the cost of trading with the Best Central Bank of Ireland (CBI) Regulated Brokers 2025.
Broker Popularity
See how popular the Best Central Bank of Ireland (CBI) Regulated Brokers 2025 are in terms of number of clients.
Broker | Popularity |
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Interactive Brokers |
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AvaTrade |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- The new IBKR Desktop platform combines the advantages of TWS and adds unique tools like Option Lattice and Screeners with MultiSort to make trading accessible and impressive for traders of all levels.
- IBKR is a highly regarded brokerage, regulated by prime authorities. This ensures the safety and reliability of your trading account.
- There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
Cons
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
Why Trade With AvaTrade?
AvaTrade provides traders with essential tools: an intuitive WebTrader, strong AvaProtect risk management, a quick 5-minute sign-up, and reliable support for fast-paced markets.
Pros
- Years later, AvaTrade is still among the few brokers with a custom risk management tool, AvaProtect, which insures losses up to $1M for a fee and is simple to use on the platform.
- The WebTrader performed well in our tests, featuring an easy-to-use interface for beginners and strong charting tools, including 6 chart layouts and over 60 technical indicators.
- AvaTrade enhances its products with AvaFutures, offering an alternative to trade over 35 markets with low trading margins.
Cons
- AvaTrade’s WebTrader has improved, but it needs more customization as widgets like market watch and watchlists can't be hidden, moved, or resized.
- While the deposit process is smooth, AvaTrade doesn't support crypto payments, unlike TopFX, which caters to crypto-focused traders.
- The AvaSocial app is satisfactory but could be better. Its design, usability, and navigation between strategy providers and account management need improvement to compete with top platforms like eToro.
Filters
The Role of the Central Bank of Ireland (CBI) in Trading
The Central Bank of Ireland (CBI) is very important for Ireland’s financial world, especially in keeping traders safe by regulating brokers. This means they make sure the brokers follow rules to create a secure environment for trading.
In Ireland, brokers must follow strict rules set by the CBI. These rules are part of a broader European Union law called Markets in Financial Instruments Directive (MiFID), which ensures that traders are protected. The CBI actively monitors and takes action against brokers that break these rules and maintains a list of over 880 unauthorized investment firms operating in Ireland.
After carefully checking, we’ve found some of the best brokers regulated by the CBI by verifying their credentials through the regulator’s official list.
How We Identify the Best CBI-Regulated Brokers
To find the top brokers regulated in Ireland, we:
– Reviewed our list of brokers to see which ones claimed to be regulated by the CBI.
– Checked their credentials on the CBI’s public register to confirm their authorization.
– Ranked them based on over 100 data points combined with feedback from our testers.
How to Check If a Broker is Regulated by the CBI
It’s easy to check if a broker is regulated by the CBI:
- Go to the CBI’s Register of Authorized Firms.
- Type the broker’s name in the search box and click ‘Search’.
- Look at the search results to find details such as the broker’s full trading name and other important information.
For example, I recently checked AvaTrade, a broker known for its DupliTrade platform, and confirmed it is authorized. It took less than two minutes, so it’s a quick check any trader can do.
Rules for CBI-Regulated Brokers
Brokers regulated by the CBI must follow a set of strict rules to ensure they operate fairly and protect their clients’ interests. Here are some key requirements:
- Maintain enough capital to cover any risks associated with their business.
- Have effective systems to manage risks, like stress testing.
- Ensure client orders are executed on the best possible terms, which benefits traders needing precise order execution.
- Keep client money in separate accounts to safeguard them in case the broker goes bankrupt.
- Provide accurate and clear information about their services, including risks, costs, and any potential conflicts of interest.
- Ensure their financial products suit the client’s experience, financial status, and investment aims.
- Be honest in their advertising and promotional materials.
- Monitor transactions for suspicious activity and report when necessary.
- Send regular reports to the CBI, which include financial statements and compliance details.
- Publicly disclose significant information like financial performance and major management changes.
- Handle client complaints effectively.
The CBI enforces compliance by issuing fines and restrictions to brokers who don’t follow the rules, thus maintaining a secure trading environment and market integrity.
The Authority of the CBI
The CBI is a proactive regulator that oversees compliance and takes action when brokers violate rules. This includes imposing fines, sanctions, or even revoking licenses to ensure a safe trading space for Irish traders.
For instance, on February 27, 2024, the CBI fined Goodbody Stockbrokers Unlimited Company €1,225,000 for not having a proper system to monitor suspicious trading activities from July 2016 to January 2022. Goodbody admitted to this failure.
The CBI expects firms to be responsible for any breaches and regularly makes public statements about its enforcement actions to serve as a deterrent to others. It can impose fines up to €10 million or 10% of a firm’s turnover, which is significantly higher than what some other regulators, like the Monetary Authority of Singapore, can impose.
Bottom Line
For Irish traders looking for a secure trading environment, choosing a broker regulated by the CBI is wise. The CBI imposes strict rules, ensuring transparency and protection for investments.
However, the number of CBI-regulated brokers, especially for forex, is limited compared to other European countries, which may affect your choices. Also, CBI regulation doesn’t remove all trading risks. Remember to only risk what you can afford to lose, as trading, especially fast strategies, can still lead to losses.