Malta has, just like Cyprus, traditionally been a hotspot for forex brokers and other types of financial services firms in Europe, including brokerage companies. In particular, Malta has for a long time been a very popular jurisdiction for companies in the gambling and online casino industry. Today, however, all forex & CFD brokers in Malta are strictly regulated both by the Malta Financial Services Authority (MFSA) and the European Securities and Markets Authority (ESMA).
Thanks to the regulations imposed by the ESMA, forex brokers in Malta are only allowed to offer a maximum leverage of 1:30 to their non-professional clients. Because of this, many forex traders who previously traded with brokers in Malta and other EU countries have now migrated to forex brokers elsewhere.