How to check if the broker is registered

Hi guys m new here, hoping will learn more from this group thanx.

Hi, you can write message to support :slight_smile: Regards Greg

Start by researching the broker that you are interested in. Check their website or contact their customer support as suggested by @ProfesorPips. You may also search here to see what others have to say about the broker you’re interested in.

Check out their website and look for “regulation” in the footer/bottom of the website. A broker, if regulated, will display which regulatory organization they’re regulated with, what countries are included, and usually a registration number.

For instance, if you go to FXCM.com/uk/ and go all the way to the bottom of the page. You want to look for the things circled in red. You will find mention of “Regulation”, "Financial Conduct Authority (FCA), United Kingdom, a regulation registration number, and finally a business/company registration number. Many countries require financial services company to register with some government entity that regulates the financial markets for that company. Many countries also provide the public access to general business registration information, so like when a company was incorporated, the company executives/directors, company addresses, etc.

For the UK, you can check out the Financial Conduct Authority (FCA)

For the UK companies directory, you can check out the Companies House website.

These obviously vary depending on the broker and the country they’re based in.

There are many methods through which you can check the reputation and registration of the brokers. These regulations and registrations won’t protect you from fraud, they are just a verification that the broker will not run away with your money. Online transactions have their own risks like phishing, Man in the middle attacks etc. for which you have to just use some simple practices like using only HTTPs protected pages and never sharing your passwords with anyone. There are a number of regulations in the world and a broker can be certified from various agencies according to the region. The brokers which I am using, XTB and Fxview, are regulated by Cysec which is of Cyprus and FPA of the UK. The best method to check if the broker is registered or not is to check their website and then check the webpage of the authorities. It will help you to understand the reputation of the broker. The general rule of thumb is to do your research and demo trade as much as possible before investing the real money.

You can easily check if the broker is registered or not online or you can contact their customer support. I think the best way to avoid confusion is by reaching out to them directly. It is better to talk to them instead of struggling where to verify and trust information. Good luck.

am using, XTB and FX View, are regulated by Cysec which is of Cyprus and FPA of the UK. The best method to check if the broker is registered or not is to check their website and then check the webpage of the authorities. It will help you to understand the reputation of the broker. The general rule of thumb is to do your research and demo trade as much as possible before investing the real money.

The brokers which I am using, XTB and xview, are regulated by Cysec which is of Cyprus and FPA of the UK. The best method to check if the broker is registered or not is to check their website and then check the webpage of the authorities. It will help you to understand the reputation of the broker. The general rule of thumb is to do your research and demo trade as much as possible before investing the real money.