Reason to avoid: Offshore license
Listed Date: September 13, 2018
Top 3 Regulated Forex Brokers
- Company name: International WEB Brokers Limited
- Registration/license: Vanuatu
- Registration/license requirement: USD 2,000
GFBroker is a Forex and CFD broker that offers a variety of assets on its platform gfbroker.com. The company is managed and operated by International WEB Brokers Limited, regulated under Dealers in Securities Act by VFSC (Vanuatu Financial Services Commission) in Vanuatu. Vanuatu is a popular destination for forex brokers, as it has low taxes policies and the business registration process is simple. Also, the company was banned by Spain’s regulator CNMV.
We recommend traders to avoid offshore-registered brokers as there are a lot of scams among them. It is safer to deal with the brokers, authorized and regulated by reliable regulators, such as UK’s Financial Conduct Authority (FCA), and to check the list of the FCA-regulated entities to ensure they are.