Is My Broker Safe?
Free broker safety check — verify regulation, investor protection, and risk indicators.
How This Tool Works
Search for any broker below. We check regulatory status across CySEC, BaFin, FCA, and ASIC, verify investor protection measures, and calculate a safety score from 0-100 based on our research of 6+ years of data.
What Makes a Forex Broker Safe?
A safe forex broker operates under the oversight of reputable financial regulators. In Europe, the most trusted regulatory bodies include CySEC (Cyprus), BaFin (Germany), FCA (UK), and ASIC (Australia). These tier-1 regulators enforce strict requirements around capital adequacy, client fund segregation, and transparent reporting.
Under ESMA regulations, EU-regulated brokers must provide negative balance protection for retail clients, cap leverage at 30:1 for major forex pairs, and participate in investor compensation schemes (up to EUR 20,000 under ICF).
Our safety score evaluates each broker across multiple dimensions: regulatory quality, investor protections, corporate history, financial transparency, and compliance track record. A score above 80 indicates strong overall safety for EU traders.