HOW TO VERIFY A CFD BROKER'S REGULATION ON THE REGULATOR'S REGISTER

How to Verify a CFD Broker's Regulation on the Regulator's Register

How to Verify a CFD Broker's Regulation on the Regulator's Register

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Finding a forex broker begins with one simple question: is the company really regulated in the place it says it is? A licence number on a website is a claim, not proof. This guide shows how to verify that claim on the regulator's own public register before you deposit any money.

Why Check the Regulation Before Anything Else

A authorisation from a strong regulator can give real protection, such as segregated client funds and, in some countries, a compensation scheme. However, licences can change: companies are sold, rebranded, sanctioned or lose their licence. Other companies only hold an offshore company registration, which is not financial supervision at all.

Companies Reviewed on FXSharp

The companies below each have an independent review on FXSharp. A few hold licences from recognised regulators, some carry regulator warnings, unverified licence claims or sites that are no longer online. Read each review prior to opening an account.

  • ABFX
  • AGEA
  • AlphaPro
  • ArgoTrade
  • Axiance
  • BlackStone Futures
  • Goldenburg Group
  • HonorFX
  • Kanak Capital Markets
  • Killik & Co
  • LGTrading
  • Livaxxen
  • London Stone Securities
  • Maunto
  • MaxCapital
  • MFM Securities
  • Mirae Asset Securities
  • Modern Markets
  • PBFX
  • ProfitiX
  • Red Arrow
  • Renaissance Capital
  • ScoreCM
  • StreamSter
  • TMi Markets
  • Tradesto
  • Veracity Markets
  • VPFX

Steps to Verify a Licence Yourself

Look up the exact website company name and licence number in the legal section of the broker's website. Then, go to the regulator's site yourself, not through a link from the broker, and search its public register. Compare the company name, licence status, licence type and, where listed, the approved website address. Additionally, look at the regulator's warning list for clone firms that copy the name and number of a genuine company.

Overall, a few minutes on the register can spare you from a costly mistake. Leveraged trading in forex and CFDs carries a high risk of losing money, so check first, then you invest.

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