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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.

301

FXC GLOBALUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

302

FxCapeUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

303

FXCEUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

304

FxcGlobalFxUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

305

FXClassicalUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

306

FxcomplianceUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

307

FXGateUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

308

FXGLKUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

309

FXNXUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

310

fxoppen TRADERUnregulatedHigh risk

GreeceEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

311

FXProexpertUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

312

FxprotradeUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

313

fxqfxtradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

314

FxspacemarketUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

315

FxSupreme TradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

316

FXTFUnregulatedHigh risk

JapanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

317

GAIN MARKETCAPUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

318

Gain XUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

319

GAINextUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

320

GainTrade InvestmentUnregulatedHigh risk

SingaporeEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

321

Gaitame.ComUnregulatedHigh risk

JapanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

322

Gate PanderUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

323

GCC MARKETSUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

324

GCFXUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

325

GCGMarketsUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

326

Gefi TimeUnregulatedHigh risk

FranceEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

327

GeldvisionUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

328

GENEVA TRADINGUnregulatedHigh risk

IrelandEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

329

GensprofitsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

330

Gextorn CapitalUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

331

GIB Capital GroupUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

332

Global BinanceUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

333

Global Capital MarketUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

334

Global Coin HubUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

335

Global Investor FXUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

336

Global MastermindUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

337

Global Piq Traders LtdUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

338

Global Prime TradersUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

339

GLOBAL PRO TRADERSUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

340

Global Shell CorpUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

341

Global Traders ArenaUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

342

Global Wealth FX MiningUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

343

Global You TradeUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

344

GlobaldigitalsignalUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

345

GlobalfoxTradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

346

GlobalmarketbullsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

347

globalprofits.ltdUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

348

globalstocksUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

349

Go-CoinUnregulatedHigh risk

CyprusEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

350

GOLDAY HARVESTUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

351

Golden Trust FinancialUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

352

Golden Wealth AssetsUnregulatedHigh risk

GermanyEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

353

GoldFxUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

354

GoldStrotradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

355

Goldvest HoldingUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

356

goodprofxt.comUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

357

Grand Level MarketsUnregulatedHigh risk

GermanyEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

358

Grand ProfitsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

359

GREATICAPITALUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

360

GreendaxUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

361

Grex CapitalUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

362

GreyMax CapitalUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

363

Growing Capital MakerUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

364

GSUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

365

GSB Capital LTDUnregulatedHigh risk

United Arab EmiratesEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

366

GSC MARKETSUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

367

GTMMARUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

368

GtscaptltUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

369

Guider FinancialUnregulatedHigh risk

SingaporeEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

370

Guze marketsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

371

GWCC GroupUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

372

HANTEC FINANCIALUnregulatedHigh risk

JapanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

373

Happy MoneyUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

374

Harmony FX Pro OrgUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

375

Hawk TradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

376

haxo marketsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

377

hcfinvestUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

378

Hedges TradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

379

Heptagon InvestmentsUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

380

HibikiUnregulatedHigh risk

JapanEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

381

HIBISCUSUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

382

HiroseGlobalTradesUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

383

HK Excellent Internet Info Tech DevelopmentUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

384

HK JINXIANG INTERNATIONAL LIMITEDUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

385

HKBSYXUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

386

hoho-trading.comUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

387

HORIZONS28UnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

388

hrfswUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

389

HT FortuneUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

390

HWEFX1UnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

391

HyperForexUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

392

ICE FXUnregulatedHigh risk

MalaysiaEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

393

IControlFXUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

394

IEXSUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

395

IFX INTERNATIONALUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

396

IMPERIAL AI TRADINGUnregulatedHigh risk

Hong KongEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

397

IMPERIALFUNDINGUnregulatedHigh risk

GermanyEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

398

InbitcUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

399

Inclusive-CopytradeUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

400

INFINITY WEALTH GLOBAL COMPANYUnregulatedHigh risk

United KingdomEstablishment year not confirmedNo licence on record

DepositNot publishedSpreadNot publishedLeverageNot published

ReasonUnregulated

0.0/10

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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