Unregulated forex brokers

Review brokers for which no current financial-services licence has been verified. Trading with an unregulated entity may materially reduce available protections and complaint options.

3 brokersOpen in the directory with filters

Brokers, by overall score

Hankotrade

Established 2018

Editorial score7.4/10User ratingNo user ratings yet

UnregulatedHigh risk

Regulation: No licence on record
Platforms: Proprietary platform
Minimum deposit: $15
Spread from: 0.0 pips
Max leverage: 1:500

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Profile updated 3 November 2026

Hugo's Way

Also Hugo FX

Established 2017

Editorial score7.4/10User ratingNo user ratings yet

UnregulatedHigh risk

Regulation: No licence on record
Platforms: Proprietary platform
Minimum deposit: $5
Spread from: 0.0 pips
Max leverage: 1:500

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Profile updated 3 November 2026

Trader's Way

Also TradersWay

Established 2011

Editorial score7.4/10User ratingNo user ratings yet

UnregulatedHigh risk

Regulation: No licence on record
Platforms: MetaTrader 4, MetaTrader 5, cTrader
Minimum deposit: $10
Spread from: 0.0 pips
Max leverage: 1:1000

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Profile updated 3 November 2026