Before trading with any broker, it is essential to perform a forex broker license check to verify that the company is legally authorised to offer financial services. Licensed brokers operate under strict regulatory guidelines, ensuring client fund protection, transparency, and dispute resolution. This article explains how to check if a forex broker is licensed, lists the top regulatory bodies, and compares 15 well-known brokers with verifiable regulatory credentials.

Why checking a forex broker’s licence matters

• Protects your funds through client money segregation
• Ensures the broker adheres to fair trading practices
• Enables you to file complaints via a regulator if disputes arise
• Reduces risk of fraud, scams, or unethical trading conditions
• Confirms that the broker is subject to regular audits and supervision

How to check if a forex broker is licensed

1. Locate the broker’s regulatory claims

• Check the broker’s “About” or “Regulation” page
• Look for the regulatory body name and licence/registration number

2. Visit the official regulator’s website

Use the following regulator portals:

3. Input the broker’s name or licence number

• Confirm the status is “Authorised”, “Active”, or “Licensed”
• Cross-check entity name and legal address
• Beware of clone websites or impersonators

Top 15 licensed forex brokers and their regulators

How to avoid fake or unlicensed brokers

• Verify licence directly on the regulator’s site
• Avoid brokers registered only in unregulated jurisdictions (e.g., Marshall Islands)
• Watch for “clone firms” using names similar to real brokers
• Never rely solely on badge logos or claims on the broker’s homepage
• Contact the regulator directly if unsure

Red flags of unlicensed brokers

• No licence number or regulator mentioned
• Pushy sales tactics or bonuses with strict withdrawal terms
• Website lacks transparency or legal documentation
• Promises of guaranteed profits
• Domain not matching the registered entity name

Key takeaways

• Always verify the broker’s regulatory status using official databases before depositing funds
• Use trusted regulators like FCA, ASIC, CySEC, FSCA, or DFSA
• Clone brokers often mimic licensed firms—check legal names and registration numbers
• Choose brokers like Vantage, Exness, IC Markets, TibiGlobe, and AvaTrade, which maintain active licences
• Never trust a broker solely based on advertising or online reviews

Frequently Asked Questions

How do I check if a forex broker is licensed?

Search the broker’s licence number on the official website of the regulatory authority (e.g. FCA, ASIC, CySEC).

What is the most trusted forex regulator?

The FCA (UK), ASIC (Australia), and CySEC (Cyprus) are considered the most reliable for retail forex regulation.

What happens if I trade with an unlicensed broker?

You risk losing your funds, have no legal protection, and cannot file complaints with a regulator.

Can I trust a broker regulated in Seychelles or St. Vincent?

Use caution. These jurisdictions have weak oversight. Prefer brokers also licensed by Tier-1 regulators.

Is it enough if a broker just shows the FCA logo?

No. Always verify the licence on the FCA register to confirm the company name and status are authentic.

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