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Why Does a License Matter?

Segregated Funds

Licensed brokers are legally required to hold client funds in segregated bank accounts, separate from company assets.

Legal Recourse

Regulators provide official dispute resolution channels so traders have legal protection if issues arise.

Audited Operations

Licensed brokers undergo regular audits and must meet strict capital adequacy and reporting requirements.

Recognized Regulatory Bodies

CySEC
Cyprus Securities and Exchange Commission
Cyprus / EU

EU-passport license. Covers the full European Economic Area. High investor protection standards.

cysec.gov.cy
ASIC
Australian Securities and Investments Commission
Australia

Australia's primary financial regulator. Strict oversight with strong consumer protection rules.

asic.gov.au
FCA
Financial Conduct Authority
United Kingdom

UK's leading financial regulator. One of the most rigorous regulatory frameworks in the world.

register.fca.org.uk
DFSA
Dubai Financial Services Authority
Dubai, UAE

Regulates financial services within the Dubai International Financial Centre (DIFC). Key authority for the MENA region.

dfsa.ae

Regulated Brokers by License

Broker Regulators Spread From Min. Deposit Islamic Verify
XM Global
XM Global CySEC 120/10 · ASIC 443670
CySEC ASIC DFSA 0.6 pip $5 ✓ Swap-Free Verify License
HFM
HFM (HF Markets) CySEC 183/12 · FCA 801701
CySEC FCA 0.0 pip $0 ✓ Swap-Free Verify License
Exness
Exness CySEC 178/12 · FCA 730729
CySEC FCA 0.0 pip $1 ✓ Swap-Free Verify License
Pepperstone
Pepperstone FCA 684312 · ASIC 414530
CySEC ASIC FCA 0.0 pip $0 ✓ Swap-Free Verify License
FXTM
FXTM (ForexTime) CySEC 185/12 · FCA 600475
CySEC FCA 0.0 pip $50 ✓ Swap-Free Verify License
AvaTrade
AvaTrade ASIC 406684
ASIC 0.9 pip $100 ✓ Swap-Free Verify License
FxPro
FxPro CySEC 078/07 · FCA 509956
CySEC ASIC FCA 0.0 pip $100 ✓ Swap-Free Verify License
Tickmill
Tickmill CySEC 278/15 · FCA 717270
CySEC FCA 0.0 pip $100 ✓ Swap-Free Verify License

Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.

Frequently Asked Questions

Visit the official regulator website and search by broker name: CySEC → cysec.gov.cy, ASIC → asic.gov.au, FCA → register.fca.org.uk, DFSA → dfsa.ae.

Licensing greatly reduces risk but is not an absolute guarantee. Always confirm which specific legal entity you are trading with, as some brokers operate multiple subsidiaries under different licenses.

Both are reputable regulators. FCA (UK) is generally considered stricter with higher capital requirements. CySEC (Cyprus/EU) grants access to the full European Economic Area.

Not necessarily. Traders in most countries can legally trade with brokers regulated by major authorities like FCA, ASIC or CySEC. Check your local regulations to be sure.

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