Key points
- A broker brand is often a group of licensed companies
- Your protection comes from the company on your agreement
- Offshore entities often allow more leverage and offer less protection
Brands are often groups
Many brokers operate through several companies, each licensed by a different regulator. The brand name on the website is shared; the rules aren’t.
Where you live decides
A firm usually assigns clients to a company based on their country of residence. Residents of places without a local licence are often signed up by an offshore company.
Why it matters
Leverage limits, negative balance protection and compensation schemes belong to the licence, not the brand. Our licence maps and country sheets show what each licence comes with.