A broker's license is the first thing to verify before you deposit. Here's how to check it in a few minutes.
A genuine broker displays a license number from a real regulator. Cross-check that number on the regulator's own public register, not just the broker's website.
Firms under the FCA, ASIC, CySEC or the US CFTC are subject to real oversight. A license from an offshore body you've never heard of is usually meaningless.
Pressure to deposit fast, bonuses that require higher turnover, and 'guaranteed' returns are all signs the entity may not be what it claims.
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