Regulators & authorities
A broker is only as trustworthy as the authority that supervises it.
Tier 1
Tier 1 — strict oversight
Authorities in developed markets with segregated funds, compensation schemes and regular audits (e.g. FCA, ASIC).
0 regulators
Tier 2
Tier 2 — moderate oversight
Clear rules but lighter enforcement and investor protection (e.g. CySEC, DFSA, FSCA).
0 regulators
Tier 3
Tier 3 — offshore
Easier licences in offshore jurisdictions with limited trader protection (e.g. Seychelles FSA, VFSC).
0 regulators