Why this exists
Comparison sites in regulated finance accumulate trust by what they refuse, not by what they recommend. This page documents the refusals. Each line is dated so the audit trail is verifiable; each reason is factual and defensible if the named broker objects. We update it on the first Tuesday of each month.
The list is not a blacklist. Several brokers below may return to coverage when their circumstances change — and we will date that addition too. The list is also not exhaustive: brokers we never seriously evaluated do not appear here. The list is the subset where we did the work and said no.
The ledger
2026-05
OANDA (EU / UK retail)
Apr 2026 outreach declined: no EU/UK affiliate programme available. We continue to cover OANDA editorially on /brokers/oanda with explicit no-commercial-partnership disclosure; we do not present them as a recommended broker until that changes.
2026-05
MyForexFunds
Operations ceased Sep 2023 following CFTC enforcement action. Listed here so readers searching for the brand find a clear notice rather than a stale review.
2026-05
Brokers offering > 30:1 retail leverage to EU residents under offshore-entity routing
Several globally-known brand names operate offshore subsidiaries (Vanuatu, Seychelles, SVG) that re-route EU residents away from ESMA-protected entities. We do not link to those offshore variants for EU traffic. The named regulated EU/UK entity remains covered where one exists.
Corrections and additions
If you are a broker named here and believe the reason is factually wrong, email info@fx-brokers.eu. We correct factual errors by appending an addendum dated the day of correction — we do not edit the historic entry. That preserves the audit trail.
Related: full advertising and editorial standards at /editorial-standards/advertising.