Regulator profile · EG
FRA — Financial Regulatory Authority (Egypt)
Tracked byBrokerlist Editorial · Independent review teamUpdated
The Financial Regulatory Authority (FRA) of Egypt is the integrated supervisor for all non-banking financial activities — capital markets (EGX listings, securities firms, asset management), insurance, mortgage finance, leasing, factoring, and microfinance. The Central Bank of Egypt (CBE) supervises banking and foreign-exchange controls separately. FRA does NOT licence retail OTC forex with foreign brokers.
Brokers in Egypt accepting residents under FRA- Jurisdiction
- Arab Republic of Egypt.
- Founded
- 2009
- Mandate
- Established under Law No. 10/2009, replacing the Capital Market Authority and the Egyptian Insurance Supervisory Authority among others. FRA enforces Capital Market Law No. 95/1992 (revised), Insurance Law No. 10/1981 (revised), and various non-banking financial-services statutes. Coordinates with CBE on cross-sector supervisory matters.
- Consumer protection
- No FRA-administered retail-FX compensation scheme — retail OTC FX with foreign brokers is not within FRA's licensing perimeter. EGX-listed securities settlement is guaranteed via Egyptian Stock Exchange Clearing House (Misr Clearing). Bank deposits are covered by CBE's deposit-insurance arrangements (separate from FRA).
- Retail leverage caps
- FRA does not impose retail FX leverage caps because retail OTC FX with foreign counterparties is not authorised. EGX equity margin trading follows securities-firm capital rules; futures and derivatives have specific exchange-set limits. CBE foreign-exchange controls (tightened post-2022 EGP devaluation) restrict outbound retail FX flows.
- Public register
- FRA publishes lists of authorised capital-markets firms, insurance companies, and other non-banking financial institutions. Cross-reference EGX member directory for trade-execution intermediaries; CBE bank-license register for banking-side FX intermediaries. Open register ↗
- Dispute resolution
- FRA's Complaints Department handles disputes within its non-banking financial-services jurisdiction. Egyptian commercial courts (under Arabic-language jurisdiction) provide ultimate recourse for unresolved disputes. CBE handles banking-related complaints separately.
- Editor notes
- Egyptian retail traders accessing offshore CFD brokers (Exness, FBS, AvaTrade, HotForex) operate outside FRA's licensing perimeter. CBE foreign-exchange controls cap retail outbound FX at USD 5,000/month per individual through authorised banks (effective 2024); larger transfers require business documentation. USDT funding via cryptocurrency rails has become the dominant retail workaround for offshore broker access.
Brokers we track with a FRA licence
No brokersNo tracked broker currently holds a FRA licence in our database.