Darwinex (UK) — formerly TradeSlide (UK) — hybrid social trading / copy trading program
dbFX (Germany)
Deltastock (Bulgaria)
Destek (Turkey)
Destek Markets (UK) — former FCA-regulated UK subsidiary of Destek (Turkey), recently sold and re-branded as Britannia Markets (UK)
Direct FX (New Zealand) — do not confuse with Direct FX Trading Pty Ltd (Australia)
Direct FX Trading Pty Ltd (Australia) — business license permanently canceled by ASIC (October 2018) for ongoing compliance issues
Divisa UK Ltd - Divisa Capital (UK) — prime broker, now entering the retail market (May '17) —
re-branded (2018), see Equiti Capital (UK)
DMM .com Securities (Japan) — largest fx broker (by number of clients) in Japan — no U.S. clients — offers SimplexFX platform (do not confuse with SimpleFX)
DMM FX (Australia) — ceased operations in 2016 — was owned by DMM .com Securities (Japan)
Dorman FX (US)
Dukascopy Japan K.K. (Japan) — new name of Alpari Japan K.K. after acquisition by Dukascopy (Switzerland)
Dukascopy (Switzerland) — FINMA-regulated online bank/broker — no U.S. clients
EagleFX (Dominica) — recently removed from Group 1 — this former Trusted Broker no longer accepts new U.S. clients.
EasyForex (Cyprus) — renamed EasyMarkets (December 2015)
Easy FX Trade (UK) - aka Easy Trade Global (UK) — according to the FCA (Dec. 2018), this is a scam broker operating as a clone of Hantec Markets (UK)
Easy Invest (Montenegro)
EasyMarkets (Cyprus) — formerly EasyForex (Cyprus) — no U.S. clients
Easy Trade Global (UK) — see Easy FX Trade
EES FX (US) — IB for Pepperstone (Australia)
eFOREX (Panama)
E-Global (British Virgin Islands)
Emporium Capital (Cyprus) — new broker offering fx, CFD’s, futures, stocks, options, and bonds
EMX pro (SVG) — subsidiary of Emperor Group (Hong Kong) — no U.S. clients
England Foreign Exchange - EFX (Panama) — out of business
EQL-X (UK) — trading name of ACM Group Plc — no U.S. clients
EQL-X, LLC (US) — introducing broker for EQL-X (UK)
EQMarkets (SVG) — operated by Russian firm Infinity Trade Ltd (SVG)
EQTrades - Global Equity Brokers Belize Ltd (Belize) — Russian-owned — affiliated with EQMarkets ?
Equiti Capital (UK) — new retail division of prime broker Equiti UK Ltd - formerly Divisa Capital (UK) —
— currencies, metals and CFD’s
eToro (Cyprus)
eToroUSA (US) — IB for eToro (Cyprus) — not yet operational
ETX Capital (UK) — ETX has acquired the client book of bankrupt Alpari (UK)
EuropeFX - Maxiflex Global Investments Corp Ltd (Cyprus) — no U.S. clients
EvenForex (Dominica)
EverFX Global (Cayman Islands) — trading name of ICC Intercertus Capital (Cayman) Ltd — licensed and regulated by CIMA, CySEC, and FCA — no U.S. or Canadian clients
Evolve Markets Ltd (SVG) — unregulated FX/commodities/indices broker operating out of London — accounts denominated in bitcoin only — no U.S. clients
Exante (Malta) — multi-asset broker — £10000 min. deposit
Excel Markets Ltd (New Zealand) — see Global Brokers NZ Ltd (New Zealand) — out of business
Exness Ltd (Cyprus)
Explore Markets Ltd (SVG / UK) — aka EM Financial Services Ltd — under FCA warning for falsely claiming UK regulation
Exto Capital (Switzerland) — out of business
EZTD (Cyprus) — new name of EZTrader (Cyprus) — recently licensed to operate in Japan — no U.S. or Canadian clients
EZTrader (Cyprus) — troubled (fined) Cyprus FX and CFD broker, recently renamed EZTD — no U.S. or Canadian clients
Falco FX (Cyprus) — out of business
Falcon Brokers Ltd (Cyprus) — license revoked by CySec for segregated funds irregularities; customer positions ordered closed; principals fined and banned from the financial industry.
Fast Brokers (US) — IB for various brokers
FastQuote Securities (Belize) — institutional broker
FBS - FBS Markets (Belize)
FIBO Group Holdings Ltd (Cyprus)
FIG FX (Seychelles) — out of business
Finexo (Germany)
FinFX (Finland) — acquired by BCFX Ltd (Cyprus) effective 6/1/15 — no longer operates as a retail forex broker
Finotec Trading UK Ltd (UK)
FinproTrading (UK) — formerly Group 1 Trusted Broker, acquired by Coinexx (SVG) effective December 2018 — Finpro is no longer in business
First Rate FX (UK) — no U.S. clients
FIXI PLC (UK) — formerly FCA-regulated broker, ceased operations (Dec 2018) in coordination with the FCA
Fondex (Cyprus) - trading name of TopFX Ltd (Cyprus)
Forex4You - E-Global Trade and Finance Group, Inc (British Virgin Islands)
ForexBit (UK?) - subs. of Alpha Capital Technology (UK) - blacklisted by FCA (August 2019) for fraudulently claiming FCA registration
ForexBrokers .com (US) — broker rating service — do not confuse with Forex Broker Inc (Marshall Islands)
Forex Broker Inc (Marshall Islands) — no longer operates as a retail forex broker — now operates as an IB for 6 retail brokers
ForexCENT (Czech Republic)
Forex .CH (Switzerland)
Forex Chief (Mwali)
Forex Club LLC (Russia)
Forex Club Ltd (British Virgin Islands ?)
Forex .com — retail division of Gain Capital Holdings Inc (US) — acquired client book of FXCM (US) Feb 2017 — parent company (Gain) recently acquired by StoneX Group (formerly INTL FCStone)
ForexCT Ltd - Forex Capital Trading Ltd (Vanuatu)
ForexCT Pty Ltd (Australia) — division of ForexCT Ltd (Vanuatu)
Forexee (SVG) — no U.S. clients — aka Forex .ee
Forex FS (Australia)
Forex Ltd (UK)
Forex Markets Ltd - forex-markets .org (Panama) — scam
ForexMart (Cyprus) — trading name of Instant Trading EU Ltd (Cyprus) — no U.S. clients
Forex-Metal (Panama) — recently removed from Group 1
Forex Nation (Australia)
Forex (NZ) Limited (New Zealand) — bankrupt (2017) scam broker convicted of Ponzi scheme
Forex NZ 2000 Limited (New Zealand) — separate company, same owner, as Forex (NZ) Limited — bankrupt scam broker
Forex Optimum - Forex Optimum Group Limited (Russian company, registered in St. Vincent and the Grenadines)
Forex Place - 4xP (British Virgin Islands)
Forex TG Pty (Australia) — aka FXTG — currently under fraud investigation by Australian regulator ASIC
Forex Time Ltd (Cyprus) — CySec-regulated subsidiary of FXTM (Cyprus) — FCA-regulated in the U.K. — no U.S. clients
Forex Trend (Ukraine / New Zealand) — scam — bankrupt
Forex Ukraine (Ukraine) — IB for Forex Ltd (UK)
Forex Web Trader (Cyprus)
Forex Yard (Cyprus)
Formula Investment House Ltd (BVI) — one of the companies of iForex (Cyprus?) serving non-EU online traders — see also iForex, iCFD, and Vestle.
Fort Financial Services (Belize) — est. 2010 — no U.S. clients
Fort FS (Belize) — see Fort Financial Services (Belize)
Fort-FX (UK) — unregulated multi-asset broker — permanently banned by The Financial Commission (self-regulatory organization) — do not confuse with either Fortrade Ltd (UK) or Fort FS (Belize)
Fortrade Ltd (UK) — multi-asset broker, FCA-regulated — licensed (March 2019) by Australian regulator ASIC
Fortress Prime (Dubai) — defunct prime brokerage, shut down by parent (Fortress Capital Investments) — SCAM — out of business
FP Markets (Australia) - First Prudential Markets (Australia) — CFD and FX broker — expanding into EU market via CySEC license (March 2019)
FreshForex (St. Vincent and the Grenadines) — Russian-owned — no U.S. clients
Friedberg Direct (Canada) — IIROC-regulated introducing broker, representing FXCM (UK) and AvaTrade (Ireland) — no U.S. clients
fsmSmart (Cyprus) — aka fsmSmart .com and FSM Smart Ltd — claims to have a “representative office” in Switzerland — blacklisted by Swiss regulator FINMA (Oct. 2018)
Fullerton Markets (New Zealand) — no U.S. clients
FT Global Ltd (Belize) — IFSC-regulated subsidiary of FXTM (Cyprus) — no U.S. clients
FX88 (Cyprus) - owned by Galactus Ltd (Cyprus) — CySEC-regulated — no U.S. clients
FXB Trading (St. Vincent and the Grenadines) - Fasco Capital Ltd (SVG)
FXBrew (Seychelles) — out of business, effective January 31, 2021.
FX Cast (Mauritius)
FXCBS (British Virgin Islands)
FXCC (Cyprus)
FXCH - Foreign Exchange Clearing House (Dominica) - a.k.a. Forex-Swiss .com (Dominica)
FX Choice (Belize) — no new U.S. clients as of October 2020
FXCL Markets Ltd (Ireland)
FXCM Group LLC (US) - subsidiary of Global Brokerage Inc (US), and parent of FXCM UK, FXCM Australia, etc.
FXCM Inc - Forex Capital Markets Inc (US) — de-listed NYSE corp., renamed Global Brokerage Inc (now a de-listed Nasdaq corp.) in Chap.11 bankruptcy as of Nov 2017
FXCM LLC - Forex Capital Markets LLC (US) — banned from the U.S., Feb 2017 — client book sold to Gain Capital (US)
FXCM (UK, Australia, Germany, South Africa, Israel, etc.) - international subsidiaries of FXCM Group LLC (US)
FX Company (Mauritius) — out of business (re-branded) — see FXVan (UK)
FXDD Malta Ltd (Malta) — subs. of Nukkleus Inc — regulated by MFSA (Malta) — currently being rebranded as Triton Capital Markets Ltd (Malta) — no U.S. clients
FXDD Mauritius Ltd (Mauritius) — regulated by FSC (Mauritius)
Global (Malta) — no U.S. clients; accepts Canadian clients
FX Dealer Direct - FXDD (US) — now restricted (by the NFA) to acting as an IB only
FXFair (Russia)
FXFlat (Germany) — Wertpapierhandelsbank GmbH (Germany) — BaFin-regulated STP broker — forex, CFDs, cryptocurrencies, and US futures (through CME)
FXGate (Malaysia) — FX, metals, and oil — deposits/withdrawals in Tether — no U.S. clients
FXGL - FXGL Capital Group Ltd (unknown location) — scam
FXGlory (St. Vincent and the Grenadines)
FXGM (Cyprus)
FxGrow (Cyprus)
FXM Broker Group (Costa Rica?) — out of business
FXM Financial Services GmbH (Germany)
FX Markets Capital (UK) — trading name of Markets Capital Ltd (UK) — unregulated in the U.K.
FxNet Ltd (Cyprus)
FxOnUs (Malta) — owned by MarketsOnUs Ltd (Marshall Islands) — see MFSA (Malta) warning
FXOpen Company (Russia) — no U.S. clients — subsidiaries: FXOpen AU Pty Ltd (Australia), FXOpen LP Limited (New Zealand), FXOpen Ltd (UK), FXOpen Markets Ltd (Nevis) — charged by Russian self-regulatory organization AFD with operating in Russia without a Bank of Russia license
FXPIG - Prime Intermarket Group Asia Pacific Limited (Vanuatu) —no U.S. clients — Canadian clients accepted (depending on Canadian provincial regulations)
FX Primus (Cyprus) — trading name of Primus Global Ltd (Cyprus) — formerly known as FX Primus Europe Ltd (Cyprus) — do not confuse with Primus Capital Markets (UK) — no U.S. clients
FX Primus (Mauritius) — out of business — license suspended by Mauritius regulator in 2015
FxPro Financial Services Ltd (Cyprus)
FXPro UK Ltd (UK) — multi-asset broker — spread-betting added (UK residents only) Aug 2017
FX Salt (British Virgin Islands) — out of business
FX Solutions (Australia) — subsidiary of City Index (UK) / Gain Capital (US) — being phased out
FX Solutions (US) — out of business
FxSway (St. Lucia)
FX Systems (domicile?) — parent company of 1LotStp, 1PipFix, 2PipsFixed, etc. — out of business
FXTF - FX Trade Financial Co. Ltd (Japan)
FXTG (Australia) — scam broker run by founder of Israeli scam broker UTrade — see Forex TG Pty (Australia)
FXTM (Cyprus) — parent of Forex Time Ltd (Cyprus) and FT Global Ltd (Belize) — has acquired a license in Mauritius (March 2019) — no U.S. clients
FXtradeweb (Estonia)
FXTrading .com (Australia) — new name of Rubix FX (Australia)
FXT Swiss (Switzerland)
FX United (New Zealand) — United Global Holdings Ltd (NZ) — not regulated — no U.S. clients — SCAM per ForexPeaceArmy
FXVan - FXVan Global Ltd (UK) — new name of FX Company (Mauritius) now out of business
FXVV (United Arab Emirates) — out of business
Gain Capital Holdings Inc (US) — see Forex .com — one of the two largest U.S. forex brokers (approx. 39% market-share as of May 2020) — recently acquired by StoneX Group (formerly INTL FCStone)
Gainmax Capital Ltd (UK?) — scam, ponzi scheme (per FCA) — website currently blocked for malicious content (per Malwarebytes)
Gainsy Inc (St. Vincent and the Grenadines)
Gaitame Online Co. Ltd (Japan) — owned by Compagnies Financière Tradition - CFT (Switzerland) – no U.S. clients
Gallant Capital Markets (British Virgin Islands) — acquired by WSM Invest (New Zealand) 2014 — declared bankruptcy April 2017
GBE Brokers (Malta) - a.k.a. Sensus Captial Markets (Malta) — sold to Nicky Kundnani, fraudster wanted by police in the U.S. for fraud and theft — SCAM
GDMFX (New Zealand) — no U.S. or New Zealand clients
Gem Forex (Seychelles) — may be the same company as G Forex (Seychelles)
GemFX (UK)
G Forex (Seychelles) — scam
GFT Markets (UK) — trading name of Gain Capital - Forex .com (UK) — being phased out
GFT Markets (Australia) — trading name of Gain Capital - Forex .com (Australia) — being phased out
GFX Group SA (Switzerland) — corporate name of Forex .CH (Switzerland)
GKPRO (UK) - AKFX Financial Services Ltd (Malta) — new name of GKFX (UK) after re-branding (May 2019) — institutional and professional customers only
Global Brokerage Inc (US) — successor to FXCM Inc (US) eff. Feb 2017 after the SNB debacle — now de-listed from Nasdaq – as of Jan 2018, no longer in Chap.11 bankruptcy — eff. Jan 2020 a federal judge has authorized a class-action lawsuit against Global Brokerage (note: this does not involve FXCM, which is no longer affiliated with Global Brokerage Inc.)
Global Brokers NZ Ltd (New Zealand) — bankrupt — out of business
Global Capital Markets Trading (South Africa) — see CMTrading
Global Futures (US)
Global FX - Global FX International LP (Canada) — FX/CFD broker with offices in USA, Singapore, Hong Kong, Cyprus and Russia — charged with illegal operation in Russia by self-regulatory organization AFD (March 2019) — no U.S. or Canadian clients
Global Prime (Australia)
GMO Click (Japan) — world’s largest fx brokerage (by trading volume) — trading member of the TFX Click365 system (see above)
GMO Financial Holdings Co. Ltd (Japan) — new name (as of Oct 2017) of GMO Click (Japan), see above
Golden Markets - Cool Markets Ltd (Estonia) — forex and cryptocurrency trading — currently a target of the FCA for unauthorized business activity in the UK
Goldenway Global Investments Ltd (SVG) — see GWFX Global
GO Markets (Australia)
GO Markets (UK) — former subsidiary of GO Markets (Australia), now re-branded as Infinox Capital (UK)
Got Money FX (Australia)
GQ Capital Inc (Belize) — new broker (March 2018)
Grand Capital Ltd (Seychelles)
Greenvault FX - GV Global Ltd (New Zealand) — no U.S. clients
Growth Capital LLC (Belarus) — subsidiary of Invest100 (SVG)
GTCM (Cyprus) — parent company is Depaho Ltd (Cyprus) — appears to accept U.S. clients
GTL Forex (United Arab Emirates)
GTX - Gain GTX LLC (US) — institutional division (prime broker and ECN) of Gain Capital Holdings Inc (US) — sold to 360T (German) Deutsche Boerse AG institutional brokerage division for $100M (May 2018)
Gulliver FX (UK) — out of business
GVS AU Pty Ltd (Australia) — re-branded trading name of IronFX (Australia) — ASIC-regulated
GWFX Global - Goldenway Global Investments Ltd (SVG) — no U.S. clients
Halifax Investment Services Pty Ltd (Australia) — placed in receivership (Nov. 2018) and apparently bankrupt — suspended (Jan 2019) by Australian regulator ASIC
HankoTrade (Mwali)
Hantec Markets (UK) — purchased the client base of IKON Finance Ltd (UK) when the latter exited the retail forex market in 2017 — fraud case brought by Jordanian client against Hantec and IKON was dismissed by court in June 2020
Heart Forex (Belize) — parent is Heart Capital Ltd (Belize)
Hedgestone Group (Belize) — binary options broker (Russian ?)
Henyep Capital Markets (UK) Ltd — FCA-regulated FX and CFD broker — UK subsidiary of Henyep Holdings (BVI) Ltd
HF Markets Ltd (Mauritius) — corporate name of HotForex (Mauritius) — no U.S. clients
HF Markets (DIFC) Ltd (UAE) — corporate name of HotForex (UAE) in Dubai — no U.S. clients
HF Markets (SV) Ltd (SVG) — corporate name of HotForex (SVG) — no U.S. clients
Hirose Financial Ltd (UK) — no U.S. clients
HMS LUX (Luxembourg)
Hoard FX (Belize) — scam
HotForex (Mauritius, UAE, SVG) — trading names of HF Markets Ltd (Mauritius), HF Markets (DIFC) Ltd (UAE), and HF Markets (SV) Ltd (SVG)
Hotspot FX (UK) — institutional ECN broker — owned by securities exchange BATS Global Markets
House of Borse (UK) — FCA-regulated broker catering to institutional clients in the Middle East and North Africa (MENA) region
HQBrokers (Marshall Islands) — scam — operated from Ukraine — shut down (along with Trade12 broker) by Ukrainian police as criminal enterprise (Dec 2018)
Hugosway (SVG?, Seychelles?) — appears to be successor to JAFX (SVG) — website lists address in Seychelles — Terms and Conditions specify SVG as place of incorporation
HYCM Europe (Cyprus) — CySec-regulated division of HYCM (UK)
HYCM - HY Capital Markets (UK)
HY Markets (UK) — renamed HYCM (see above)