The 7-step licence check
- Find the exact legal company name that will hold your account (in the footer or client agreement).
- Search it on the regulator's official register: the CMA list of online forex brokers in Kenya or the FSCA register of financial services providers in South Africa. Our broker check links to both.
- Make sure the licence covers the service (for example, non-dealing online forex broker, or derivatives).
- Check that the website address and contact details match the register.
- Read the client agreement: which company and which country will you be a client of?
- Search the name in Scam Watch and on the regulator's warnings page.
- Test a small deposit and withdrawal before funding fully.
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Questions people ask
Is an offshore licence enough?
An offshore licence offers less protection and may not allow the broker to serve your country. Prefer a broker licensed by your local regulator.
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Educational content only, not financial, investment or tax advice. Trading forex and CFDs carries a high risk of losing money. Look up any term in the trading glossary.