How to evaluate a broker before you deposit

Start with regulation

A broker's licence determines what protections you have. Check the regulator's public register directly — not just the broker's word. Note that an entity can hold a licence in one jurisdiction while onboarding you through an unregulated offshore entity.

Client fund segregation

Reputable brokers hold client money in segregated accounts separate from operating funds. Ask explicitly where your money sits and whether it is covered by any compensation scheme.

Test withdrawals early

The single most reliable signal is a small withdrawal. If a broker delays, adds friction, or pressures you to keep funds deposited, treat it as a serious red flag.

Red flags

• Guaranteed returns or "risk-free" claims
• Bonuses that lock your ability to withdraw
• Pressure from "account managers" to deposit more
• No verifiable physical address or legal entity

Use the community

Read recent reviews and complaints, weighted by reviewer reputation. One angry review means little; a pattern of unresolved withdrawal complaints means a lot.