Evidence standard: This article distinguishes public records, company claims and editorial assessment. Information may change after publication.
What this snapshot covers
This review is designed as a starting point for verification, not a recommendation. Each broker group can use more than one legal entity. The table highlights representative public licence records and the main question a user should resolve before opening or funding an account.
| Broker | Representative entity | Licence reference | Main verification question |
|---|---|---|---|
| FXCM | Stratos Markets Limited | FCA 217689 | Which regional Stratos entity serves the account? |
| Pepperstone | Pepperstone Group Limited | ASIC AFSL 414530 | Which jurisdiction and protection framework applies? |
| TMGM | Trademax Australia Limited | ASIC AFSL 436416 | Is the account with Australia or an offshore entity? |
| FXTM | Exinity Limited | FSC Mauritius C113012295 | Is the contract with Mauritius or another Exinity entity? |
| IC Markets | Raw Trading Ltd | FSA Seychelles SD018 | Does the global or regional website apply? |
| XM | XM Global Limited | FSC Belize 8557558 | Which Trading Point or XM entity is named in the agreement? |
How to use the broker profiles
Open the broker profile, review every listed legal entity and licence, then follow the official register link. Compare the domain and licence status with the account-opening documents. If the fields do not match, stop and request clarification before sending funds.
The REGULENS score is an editorial comparison tool. It does not guarantee safety, execution quality or future withdrawals.
Sources and verification links
Sources were available to the editorial team on the recorded check date. External records may change.
FXCM international sites and officesbroker · verified · checked Jul 19, 2026Pepperstone regulation disclosurebroker · verified · checked Jul 19, 2026TMGM regulation disclosurebroker · verified · checked Jul 19, 2026