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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.

1101

FC CoinUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1102

FCAutomaticUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1103

FCLUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1104

FFG SecuritiesUnregulatedHigh risk

JapanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1105

FFS GroupUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1106

FHCHUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1107

FIBOGROUPUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1108

FIDEXMARKETUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1109

FinameUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1110

Financial SpreadsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1111

FINANSEROUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1112

Finesse MarketsUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1113

Finet Securities LimitedUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1114

FINEXUnregulatedHigh risk

IndonesiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1115

FINEXOUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1116

FinotradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1117

FINOWIZUnregulatedHigh risk

United Arab EmiratesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1118

FinqUnregulatedHigh risk

SeychellesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1119

FINSAUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1120

FINSA EuropeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1121

FirmbcptUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1122

First btc FXUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1123

First GoldUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1124

First SecuritiesUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1125

Five Star ForexUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1126

FIXIUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1127

FLOKIUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1128

FONDEXUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1129

FOPUUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1130

foraxiUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1131

ForexUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1132

Forex BossUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1133

Forex BullishUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1134

FOREX EXCHANGEUnregulatedHigh risk

JapanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1135

Forex FSUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1136

FOREX SPORTUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1137

Forex WorldwideUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1138

Forex24UnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1139

FOREXCFDSUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1140

ForexMartUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1141

ForexOclockUnregulatedHigh risk

MaltaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1142

ForexTBUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1143

Forman ForexUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1144

FORMAXUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1145

FORTIUSUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1146

fortunetradefxUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1147

ForwinUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1148

FPFXUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1149

FPG SecuritiesUnregulatedHigh risk

JapanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1150

FPMUnregulatedHigh risk

BelizeEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1151

FRUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1152

FTDUnregulatedHigh risk

United Arab EmiratesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1153

Fubon InternationalUnregulatedHigh risk

TaiwanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1154

FUJIUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1155

FUJI HONG KONG COMMODITIESUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1156

FULBRIGHT BULLIONUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1157

FULBRIGHT FINANCIAL GROUPUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1158

FUNDERSTONEUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1159

FVP TradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1160

FWT MarketsUnregulatedHigh risk

South AfricaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1161

FX BrandUnregulatedHigh risk

MaltaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1162

Fx Global TradingUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1163

FX PREMIUMUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1164

FX SmartBullUnregulatedHigh risk

United Arab EmiratesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1165

Fx-marsUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1166

fx88UnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1167

FXBankseedingUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1168

FXBFIUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1169

FXCHUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1170

FxGlobalTradersUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1171

fxglobeUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1172

FxHBUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1173

FXliftUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1174

FxmUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1175

FXPBUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1176

FXPEEUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1177

FXPNUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1178

FXPRIMUSUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1179

FxShengDeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1180

Fxtrading StationsUnregulatedHigh risk

SingaporeEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1181

FXVGIUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1182

FXVIEWUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1183

FXWindsorUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1184

G-LINKUnregulatedHigh risk

CambodiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1185

G&S GlobalUnregulatedHigh risk

MaltaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1186

GALACTUSUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1187

Galaxy Global GroupUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1188

GCGUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1189

GCM ASIAUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1190

GCM PrimeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1191

GCMAsiaUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1192

GeGoldUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1193

GENETRADEUnregulatedHigh risk

BelizeEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1194

GFUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1195

GF FuturesUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1196

GF SECURITIES (CANADA) COMPANY LIMITEDUnregulatedHigh risk

CanadaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1197

GFA Capital marketsUnregulatedHigh risk

AustraliaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1198

GFB TRADING GROUPUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1199

GFG88UnregulatedHigh risk

CambodiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

1.0/10

1200

GFIUnregulatedHigh risk

United KingdomEstablishment 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

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