Protect Your
Trading Capital
$4.6 billion lost to forex scams in 2024. Don't be next. Verify any broker in 60 seconds. Check blacklists across 17+ regulators. Understand your protection before risking a single dollar.
Safety Resources
Everything you need to trade safely and avoid scams
How to Verify a Broker
Step-by-step guide to verify any broker's regulation, license, and legitimacy in 60 seconds.
- ✓ 6-step verification process
- ✓ Direct regulator links
- ✓ Red flags checklist
Blacklisted Brokers
17,300+ firms on regulator warning lists. Check if your broker appears on any blacklist.
- ✓ FCA, ASIC, CySEC warnings
- ✓ Live RSS feeds
- ✓ Clone firm alerts
Clone Scams Explained
35% of forex scams are clone firms. Learn how scammers impersonate legitimate brokers.
- ✓ How clones operate
- ✓ Detection techniques
- ✓ Real examples
Segregated Accounts
The #1 protection for your funds. Understand how segregation protects you if a broker fails.
- ✓ How segregation works
- ✓ Regulator requirements
- ✓ What to check
Compensation Schemes
FSCS, ICF, and other protection schemes. Know exactly how much you're covered for.
- ✓ £85,000 FSCS (UK)
- ✓ €20,000 ICF (Cyprus)
- ✓ Claim process guide
Broker Bankruptcy
What happens if your broker goes bust? Real cases and how to protect yourself.
- ✓ Historical failures
- ✓ Recovery process
- ✓ Prevention tips
Offshore Brokers
Why SVG, Vanuatu, and Seychelles brokers offer zero protection and maximum risk.
- ✓ No compensation
- ✓ No legal recourse
- ✓ Popular scam jurisdictions
Unregulated Brokers
35% of brokers operate without proper licensing. Know the dangers and warning signs.
- ✓ Complete fund loss risk
- ✓ No oversight
- ✓ How to identify them
🔗 Quick Verification Links
Direct links to official regulator databases
🚨 Scam Red Flags
If you see ANY of these, stop immediately
🛡️ Trade With Verified Brokers Only
All 150+ brokers in our database are verified across 17 regulators. License checked. Warning lists monitored. 950+ data points per broker. We do the verification so you don't have to.
Frequently Asked Questions
How do I know if a forex broker is legitimate?
Verify their license number on the official regulator's website (FCA, ASIC, CySEC). Check that all company details match exactly. Search warning lists for alerts. Avoid offshore-only regulation. Our verification guide walks you through the complete process.
What is the safest type of broker regulation?
Tier 1 regulators (FCA, ASIC, CFTC/NFA, FINMA, MAS) offer maximum protection including segregated funds, compensation schemes up to £85,000, and strict oversight. Always prioritize brokers with at least one Tier 1 license.
What happens if my broker goes bankrupt?
With Tier 1/2 regulated brokers, your funds are segregated and protected by compensation schemes. With offshore brokers, you have no protection and will likely lose everything. This is why regulation matters.
Should I avoid all offshore brokers?
Yes, for safety. Offshore jurisdictions (SVG, Vanuatu, Seychelles, Marshall Islands) have zero investor protection, no compensation schemes, and minimal oversight. The high leverage they offer isn't worth the risk.
How can I check if a broker is blacklisted?
Search the broker's name on our blacklist database, then verify directly on FCA's warning list, ASIC's, and CySEC's. Remember that scammers frequently change names, so also search for any domain variations.
What is a clone scam?
Clone scams impersonate legitimate regulated brokers using similar names, logos, and fake license numbers. They copy everything except they operate from offshore and steal your money. Always verify the exact company registration details match.