How Do I Check If a Broker Is Regulated?

Where to search

Every regulated broker must be licensed by at least one financial authority. Start with the regulatory body in the country where the broker claims to be based. The US has the SEC and FINRA, the UK has the FCA, and most countries maintain public registries. Search the broker's name and license number in these official databases—not on the broker's website.

What to verify

Check that the license is current (not expired or suspended), matches the services offered, and covers your account type. Note the license number and the exact legal entity name. Brokers often operate under different legal entities by region, so match these carefully.

Red flags

If a broker claims regulation but you can't find them in any official registry, that's disqualifying. Be wary of vague references to regulation or licenses from obscure jurisdictions. If customer support won't provide a specific license number, ask directly why.