Skip to content

High-risk forex brokers

Brokers with no licence from any financial authority, or named in an official warning or legal finding. Offshore regulation on its own is not a risk indicator here.

Compare qualifying brokers using the criteria and data coverage described below. Results were last updated 3 November 2026.

Ranked by Risk indicatorData updated 3 November 20261957 qualifying brokersView ranking methodology

Ranking basis. Absence of any licence, or a verified warning or legal finding. This is a risk list, not a recommendation. Brokers that hold no licence with any authority, lowest overall score first. A broker with an official warning or legal finding against it joins the list when that record is published.

901

BGPUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

902

BIC MarketsUnregulatedHigh risk

CambodiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

903

BillionStoneUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

904

BistVizyonUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

905

BitFxMarketUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

906

Blackpeak Capital BintatUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

907

BlackPearlFXUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

908

BlackrockUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

909

BlackStone FuturesUnregulatedHigh risk

South AfricaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

910

BMSFXUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

911

BOAUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

912

BoletUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

913

Boney MarketUnregulatedHigh risk

SingaporeEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

914

BosmanfxUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

915

Bountiful Innovations LimitedUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

916

BourseTradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

917

Breitling PrimeUnregulatedHigh risk

United StatesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

918

BROCTAGON primeUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

919

Broker JetUnregulatedHigh risk

CambodiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

920

BROOKUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

921

BRTUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

922

BSIUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

923

BSLUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

924

BTFXUnregulatedHigh risk

MaltaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

925

BTLUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

926

BULBROKERSUnregulatedHigh risk

BulgariaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

927

Bullet GlobalUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

928

BULLFOREXUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

929

BUXUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

930

BUX MarketsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

931

BV FOREXUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

932

BV PartnersUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

933

BWM ExchangeUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

934

BXUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

935

CA MarketsUnregulatedHigh risk

New ZealandEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

936

Cambridge FXUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

937

CANDEALUnregulatedHigh risk

CanadaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

938

Capital 19UnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

939

CAPITAL FUTURESUnregulatedHigh risk

TaiwanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

940

CapitalixUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

941

CapitalPandaUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

942

CapitalXtendUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

943

CapitistUnregulatedHigh risk

MauritiusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

944

CapTradeOptionsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

945

CardiffUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

946

CASHUnregulatedHigh risk

CanadaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

947

Cathay FuturesUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

948

CBFUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

949

CBFXUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

950

CCIUnregulatedHigh risk

SingaporeEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

951

CentradeUnregulatedHigh risk

JapanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

952

CENTRAL BULLION LIMITEDUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

953

CentrixFXUnregulatedHigh risk

United Arab EmiratesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

954

Century Capital FXUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

955

Century FinancialUnregulatedHigh risk

United Arab EmiratesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

956

CENTURY INTLUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

957

CERESUnregulatedHigh risk

CanadaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

958

CES CapitalUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

959

CEX.IO BrokerUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

960

CF GROUPUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

961

CFBUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

962

CFEUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

963

CFH ClearingUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

964

CG FinTechUnregulatedHigh risk

MauritiusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

965

cg/ DirectUnregulatedHigh risk

CanadaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

966

CGSUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

967

Channel CapitalUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

968

ChaoShangUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

969

Cheers HoldingUnregulatedHigh risk

United StatesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

970

CHIEFUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

971

China GalaxyUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

972

China International Futures (Hong Kong) Company LimitedUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

973

china Sky GoldUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

974

China Tonghai SecuritiesUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

975

CHRISTFUNDUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

976

CI EuropeUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

977

Cinda InternationalUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

978

City of London MarketsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

979

CityInternationalUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

980

CityPoint ChinaUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

981

CIX MarketsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

982

CJC MarketsUnregulatedHigh risk

United StatesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

983

CJSUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

984

CL GrouPUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

985

CLFXUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

986

CM GLOBALSUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

987

CMGUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

988

CMI TRADERUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

989

CMTRADINGUnregulatedHigh risk

SeychellesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

990

CN FirstUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

991

CNIUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

992

COFCO FUTURES INTLUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

993

COINBITS GLOBALUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

994

ColmexPROUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

995

CommSecUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

996

Compass MarketsUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

997

Concord Securities GroupUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

998

ConotoxiaUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

999

CORE SPREADSUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1000

CoverdealUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

A ranking position does not establish that a broker is suitable for every trader. Verify the legal entity, account terms, costs and protections that apply in your country.

Methodology updated 3 November 2026 · Data updated 3 November 2026 · Report a data issue

Related rankings

Best forex brokers Best forex brokers in your country Best global forex brokers Forex broker regulation rankings Top forex broker brands Best forex trading environments

Market ticker needs JavaScript to display. Open it on TradingView.