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

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

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

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Finding a forex broker begins with one basic 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 explains how to check that claim on the regulator's own public register before you deposit any money.

Reasons to Verify the Licence First

A licence from a major regulator may offer meaningful safeguards, 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 a forex licence at all.

Brokers Covered on FXSharp

The companies below have an editorial review on FXSharp. A few hold licences from major regulators, some carry regulator warnings, unverified licence claims or sites that are no longer online. Check each review before depositing.

  • 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

How to Verify a Broker on Your Own

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

Overall, a couple of minutes on the regulator's register may spare you from serious losses. Leveraged trading FX Sharp in forex and CFDs carries a high risk of losing money, so check first, then you invest.

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