Verified Brokers

What does "verified" mean? Which brokers made the list? How do we decide? Here's everything you need to know about YoForex broker verification.

Quick Wins

Verified = real regulation checked – we confirm licenses ourselves
Updated monthly – list refreshes as regulations change
Community-rated – real traders add reviews and ratings
Scam Watch integrated – reported brokers get flagged fast
Multi-platform support – MT4, MT5, and mobile compatibility noted

What "Verified" Means

We check regulation licenses: We don't just take a broker's word for it. We verify their regulatory license with FCA, ASIC, CySEC, or other recognized authorities. If we can't confirm it, they don't get the badge.
Active and operational: Verified brokers are currently accepting clients and processing withdrawals. If a broker stops operating or gets license suspended, we remove verification immediately.
Community feedback reviewed: We monitor reviews continuously. If multiple traders report withdrawal issues or scams, we investigate and may remove verification even if regulation is valid.
Platform confirmation: We verify that the broker offers the trading platforms they claim (MT4, MT5, cTrader, etc.) and that those platforms are stable.
Spread accuracy: We spot-check spreads during different market conditions. If advertised spreads don't match reality, we note it in the profile.

Current Verified Brokers

ECN Brokers (Low Spread + Commission):

IC Markets (ASIC, CySEC)
Pepperstone (FCA, ASIC, CySEC)
FP Markets (ASIC, CySEC)
Tickmill (FCA, CySEC)

Market Makers (Fixed/Low Spreads):

OANDA (FCA, ASIC, NFA)
Forex.com (FCA, ASIC, NFA)
IG Group (FCA, ASIC)

High Leverage (200:1+):

XM (CySEC, ASIC)
Exness (FCA, CySEC)
HFM (FCA, CySEC)

Islamic Accounts:

IC Markets
Pepperstone
XM
Exness

Note: This list updates monthly. Check individual broker pages for latest regulation status, spreads, and community reviews.

How We Verify

Regulation check: We visit the regulator's website and search their public register for the broker's license number. If found and active, we proceed.
Website audit: We check the broker's official website for transparency: clear terms, withdrawal policy, contact info, and legal documents accessible.
Community input: We review recent community ratings and complaints. Pattern of issues? We investigate further or delay verification.
Platform testing: We open demo accounts to test platform stability, order execution, and spread accuracy during volatile market conditions.
Monthly review: Every verified broker gets reviewed monthly. Regulation changes, user complaints, or operational issues trigger re-evaluation.

What Verification Doesn't Mean

Verification is NOT:

A guarantee you'll make money
An endorsement of specific trading strategies
Protection against your own trading losses
A promise of perfect execution or zero slippage
Insurance against broker bankruptcy or regulatory changes

Verification IS:

Confirmation of legitimate regulation
Evidence of operational stability
Signal of community trust
Indicator of transparent business practices

Mini-FAQ

Q: Can I trust all verified brokers equally?
A: Verification means they meet basic standards, but you should still research based on your needs. ECN brokers differ from market makers. Compare spreads, commissions, and platforms.

Q: What if my broker isn't verified?
A: It doesn't automatically mean they're bad. They might be new, small, or we haven't reviewed them yet. Check their regulation yourself and read community reviews.

Q: How do I report a broker issue?
A: Use the "Report Scam" button on the broker's page. Provide evidence: dates, ticket numbers, screenshots (blur personal info). We investigate all reports.

Q: Why did a broker lose verification?
A: Common reasons: license suspended, multiple withdrawal complaints, platform instability, or misleading advertising. We post updates when this happens.

Q: Can brokers pay for verification?
A: No. Verification is free and based only on regulation and community trust. Brokers cannot buy verified status.

End Note

If you have questions about a specific broker or want to report an experience, head to Broker Reviews and share details. The community benefits from your input.