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How to Check a Broker's FSCA Licence
2:46 · 8 chapters · Forex lessons, part 116
What you'll learn
Three minutes on the FSCA register before your first deposit: check the FSP number, the status, and which company actually holds your money.
Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.
- Key point 1
- Where to find a broker's registered company name and FSP number
- Key point 2
- How to search the FSCA register and what four things to confirm
- Key point 3
- Why the company in your client agreement matters more than the homepage
- Key point 4
- How to use the FSCA warning list as a second search
- Key point 5
- How clone firms copy real licence numbers, and how to spot them
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
More forex lessons
The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.