Investigations into specific broker fraud and a running record of the regulatory warnings issued against named operators.
The forex and CFD space attracts fraudulent operators because the threshold for appearing legitimate is low. A professional website, a borrowed licence number and a small number of testimonials are often enough to persuade traders to deposit funds.
Coverage here is reactive and time-sensitive. It tracks warnings issued by the FCA, CySEC, ASIC and other regulators against named firms, documents enforcement actions, and analyses fraud patterns currently in circulation. One common method is the cloned firm, in which a fraudulent operation copies the name and registration details of a genuinely regulated broker. The licence number is real, but the entity using it is not, which is why verifying a licence number alone is insufficient.
Each alert identifies the warning, the regulator that issued it, and the specific red flags involved, including pressure to deposit quickly, withdrawal conditions disclosed only after funding, account managers offering to trade on a client's behalf, and returns no legitimate broker would promise.
The purpose is to answer one question before funds are committed: is this specific broker dangerous. For the broader habits that protect an account regardless of which broker is used, see the Safety Guides.
Verify any licence yourself with our regulation guides, or browse safety-rated broker reviews.
Risk warning: Trading forex and CFDs carries a high level of risk to your capital. You should consider whether you understand how these instruments work and whether you can afford to take the risk of losing your money.