Markets
Brokers by country
Eleven markets, each with its regulator and its investor-protection scheme read from a primary source. The answers are genuinely different: the United States caps SIPC at $500,000 per customer, Canada gives you a separate CAD 1,000,000 limit for each of three account categories, the UK will compensate for bad advice as well as missing assets — and Australia, Argentina, Mexico, Colombia, Chile, the UAE and South Africa have no compensation scheme at all.
With a published broker ranking
Regulator and protection researched, ranking still to come
Each of these names the regulator that licenses brokers there and states what protects your assets if one fails — read from primary sources. What none of them carries is a broker ranking, because we have not yet confirmed which legal entity would hold a resident’s account.
- United KingdomPhase 2
Financial Conduct Authority (FCA)
FSCS — £85,000 per eligible person, per firm
- CanadaPhase 2
Canadian Investment Regulatory Organization (CIRO), plus provincial commissions
CIPF — CAD 1,000,000 per account category — general accounts, registered retirement accounts, and RESPs are each covered separately
- AustraliaPhase 2
Australian Securities and Investments Commission (ASIC)
No investor compensation scheme
- SpainPhase 3
Comisión Nacional del Mercado de Valores (CNMV)
FOGAIN — €100,000 per investor, per entity
- ArgentinaPhase 3
Comisión Nacional de Valores (CNV)
No investor compensation scheme
- MexicoPhase 3
Comisión Nacional Bancaria y de Valores (CNBV)
No investor compensation scheme
- ColombiaPhase 3
Superintendencia Financiera de Colombia (SFC)
No investor compensation scheme
- ChilePhase 3
Comisión para el Mercado Financiero (CMF)
No investor compensation scheme
- United Arab EmiratesPhase 3
SCA onshore; DFSA in the DIFC; FSRA in the ADGM
No investor compensation scheme
- South AfricaPhase 3
Financial Sector Conduct Authority (FSCA)
No investor compensation scheme