
Find the regulator's name and license number on the broker's website, then look that exact entity up on the regulator's own public register. Confirm that the company name, license status and permitted activities match what the broker claims. If you can't verify it independently, treat that as a serious warning sign.
A step-by-step check
- Find the legal entity. Check the website footer, terms and client agreement for the company name, registration number and regulator. Brokers often operate several entities under one brand, and the one that serves you may differ by country.
- Go to the regulator's site directly. Type the address yourself or search for it. Don't click a link from the broker's page or an ad, since fake brokers can link to cloned lookalike sites.
- Search the register. Look up the license number and company name. Confirm the status is active and that the firm is authorized for forex or CFD services.
- Match the details. Compare the website address, address and contact details on the register with what the broker shows. Mismatches matter.
- Check warnings lists. Many regulators publish alerts about unauthorized or cloned firms. Search the broker's name there as well.
- Confirm which entity holds your account. Your client agreement should name it. This determines which regulator and which protections apply to you.
Red flags
- A license number that can't be found, or belongs to a different company.
- Vague claims like "regulated worldwide" with no named regulator.
- Pressure to deposit quickly, or promises of guaranteed returns.
- Requests to pay through unusual channels, such as crypto transfers to personal wallets.
Recommended for youBest Forex Brokers Reviewed: Regulation, Spreads, Fees and Platforms ComparedRegulation isn't the whole picture
Regulation lowers risk but doesn't remove it, and the strength of oversight and client protections (such as segregated funds or compensation schemes) varies by jurisdiction. Confirm current protections on the regulator's site and the broker's official pages, because they can change. Beyond that, look at fees and withdrawal costs, platform quality and complaint history. If you're unsure about legal protections where you live, consider speaking with a qualified financial or legal professional. Leveraged forex trading can lose money quickly.
Related
- Best Forex Brokers Reviewed: Regulation, Spreads, Fees and Platforms Compared
- Individual reviews: Exness, IC Markets, Pepperstone. Always confirm current licensing on each official site and regulator register.
- What are the most common forex broker complaints and how do you file one?
- Forex Broker and Trading Platform Reviews
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