Fake regulators: have you seen one?
Some scams invent entire regulators — official-sounding bodies that don't exist or have no powers. The fakes are increasingly sophisticated and worth naming.
Share:
- the fake regulator you encountered
- how you discovered it wasn't real
- what tipped you off
The offshore vs top-tier guide explains why the regulator matters more than the broker.
Background: Offshore brokers vs top-tier regulation: what changes for you
Many well-known brands open accounts for clients in some countries through offshore companies. What you gain in leverage and what you give up in protection.
Is an offshore broker illegal?
Not in itself. But an offshore company offers fewer protections than one regulated by a top-tier authority, and some firms solicit clients in countries where they aren't authorised to operate.
Why do offshore brokers offer 500:1 leverage?
Offshore regulators don't impose the retail leverage limits used in the EU, UK, Australia and the US. Higher leverage increases both potential gains and losses.
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