Knowledge Base · Safety
Safety Forex Questions
33 questions · last verified May 2026
Whether a broker is safe comes down to four things: the regulator and licence number, segregated client funds, an investor-compensation scheme, and a track record without disciplinary action. The answers below cover individual broker safety verdicts (Exness, Pepperstone, IG, eToro, Swissquote, XTB and others), the scam checklist, and how to verify a licence yourself against the regulator register.
Are Pepperstone CySEC accounts safe with ICF protection in 2026?
Yes.
5 supporting facts·Updated 2026-05-25Does FSCS protect UK forex and CFD trading accounts?
If an FCA-authorised broker fails, the Financial Services Compensation Scheme (FSCS) protects eligible clients up to £8…
5 supporting facts·Updated 2026-07-08FSCS vs ICF — what compensation do EU and UK forex traders get?
UK clients of FCA-regulated brokers are covered by FSCS up to £85,000 per person, per institution.
5 supporting facts·Updated 2026-05-02FSCS vs ICF vs SIPC — how do broker compensation schemes compare?
FSCS (UK) covers up to GBP 85,000 per client.
5 supporting facts·Updated 2026-05-25How do I spot a forex broker scam in 2026?
Five red flags: (1) no public regulator licence number on the website footer, (2) guaranteed-profit claims or "risk-fre…
5 supporting facts·Updated 2026-05-25How do I tell if a forex broker is a scam?
Check the regulator number on the broker site against the official register (FCA, CySEC, BaFin, ASIC).
5 supporting facts·Updated 2026-05-02How do I verify a forex broker license is real?
Look up the license number on the regulator official register.
5 supporting facts·Updated 2026-05-02Is a Cyprus-registered forex broker safe?
A CySEC-regulated Cyprus broker is a mainstream EU-safe choice: client funds are segregated, covered up to EUR 20,000 b…
5 supporting facts·Updated 2026-07-24Is Axi a safe broker in 2026?
Yes, Axi is a safe broker.
5 supporting facts·Updated 2026-05-25Is Capital.com a safe broker?
Yes, Capital.
2 supporting facts·Updated 2026-05-02Is Eightcap a safe broker in 2026?
Eightcap Pty Ltd holds ASIC AFSL 391441 (Australia) and Eightcap EU Ltd holds CySEC licence 391/20.
5 supporting facts·Updated 2026-05-25Is eToro a safe broker?
Yes, eToro is a safe broker for retail traders.
5 supporting facts·Updated 2026-05-02Is Exness a safe broker?
Exness scores 9.
5 supporting facts·Updated 2026-07-16Is FBS a safe broker in 2026?
FBS operates multiple entities.
5 supporting facts·Updated 2026-05-25Is FXGT.com a safe broker in 2026?
FXGT operates primarily through offshore entities (FSCA South Africa, FSA Seychelles, VFSC Vanuatu).
5 supporting facts·Updated 2026-05-25Is FxPro a safe broker in 2026?
FxPro is safe for EU clients via FxPro Financial Services Ltd (CySEC 078/07).
5 supporting facts·Updated 2026-05-25Is FXTM a safe broker in 2026?
FXTM is safe for retail clients.
5 supporting facts·Updated 2026-05-25Is IC Markets a safe broker in 2026?
IC Markets is safe for EU clients via IC Markets (EU) Ltd (CySEC 362/18).
5 supporting facts·Updated 2026-05-25Is IG a safe broker?
Yes, IG is one of the safest brokers in the world.
5 supporting facts·Updated 2026-05-02Is JustMarkets a safe broker in 2026?
JustMarkets operates two main entities: Just Global Markets Ltd (FSA Seychelles SD088) and JustMarkets Ltd (FSCA South…
5 supporting facts·Updated 2026-05-25Is MultiBank Group a safe broker in 2026?
MultiBank is a multi-jurisdictional group with licences across ASIC, BaFin, FMA Austria, CIMA, VFSC and CySEC (via acqu…
5 supporting facts·Updated 2026-05-25Is Pepperstone a safe broker?
Yes, Pepperstone is one of the safest forex brokers globally.
5 supporting facts·Updated 2026-05-02Is Pepperstone safe for UK traders in 2026?
Yes.
5 supporting facts·Updated 2026-05-25Is RoboForex a safe broker in 2026?
RoboForex Ltd holds FSC Belize licence 000138/210.
5 supporting facts·Updated 2026-05-25Is Saxo Bank a safe broker in 2026?
Saxo is among the safest brokers globally because Saxo Bank A/S holds a Danish banking licence, not just an investment…
5 supporting facts·Updated 2026-05-25Is Swissquote a safe forex broker?
Yes, Swissquote is among the safest forex brokers globally.
5 supporting facts·Updated 2026-05-08Is Tickmill a safe broker in 2026?
Tickmill is safe for EU clients via Tickmill Europe Ltd (CySEC 278/15).
5 supporting facts·Updated 2026-05-25Is Trading 212 a safe broker?
Yes, Trading 212 is a safe broker, regulated by the FCA (UK) and CySEC (Cyprus).
5 supporting facts·Updated 2026-05-02Is Vantage a safe broker in 2026?
Vantage is safe for EU clients trading through Vantage Global Prime LLP (FCA-regulated).
5 supporting facts·Updated 2026-05-25Is XM a safe broker?
Yes, XM is a safe broker for EU clients.
5 supporting facts·Updated 2026-08-09What is negative balance protection and do all EU brokers offer it?
Negative balance protection guarantees that retail forex traders cannot lose more money than they deposit.
5 supporting facts·Updated 2026-08-09Why is my forex broker withdrawal blocked or delayed?
The most common blocks: (1) KYC documents not fully verified, (2) trying to withdraw to a payment method other than the…
5 supporting facts·Updated 2026-05-25Why is my forex broker withdrawal stuck pending in 2026?
The five typical causes are (1) KYC documents not fully verified, (2) request routed to a payment method other than the…
5 supporting facts·Updated 2026-05-25
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