How do you actually know if a broker is licensed?
A licence number on a website proves nothing — anyone can copy one. The check that matters is finding the firm on the regulator's own register and matching the entity name and domain.
Walk us through your check:
- how you found the register for your regulator
- what you matched (entity name, website, licence number)
- anything that didn't match and what you did
The regulation check guide has the step-by-step for each major regulator.
Background: How to check whether a forex broker is regulated
A licence number on a website proves nothing until you have checked it yourself. A step-by-step check using regulators' own registers, and the tricks clone firms use.
How do I know if a forex broker is legit?
Find the exact company name and licence number in the broker's legal documents, then search the regulator's own register. Check that the company is authorised, that its listed websites match the one you are using, and that it isn't on a warning list.
What is a clone firm?
A fraudulent operation that copies the name, register number or website of a genuine authorised firm to trick people into sending money. Contact the firm only through the details shown on the regulator's register.
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