Research note

FCA, ASIC, CySEC: how to read a forex licence without the slogan

August 20, 2026 · Peak Pips desk

A famous regulator name in an ad is not cover. The company on the contract has to appear on that register.

  • Education, not a signal
  • Check the register yourself
  • Leverage can wipe a deposit

Review pages stack logos: FCA, ASIC, CySEC, and a dozen more. Those are different permissions in different places. None of them is a profit guarantee. None of them automatically covers you if you signed with a different offshore entity in the same brand family.

The only match that counts

Copy the legal name from the account form. Search it on the public register of the authority named in the documents — not on a banner. Step-by-step: verify a broker on a register. If you cannot find it, you do not have what the ad implied.

What a licence is (and is not)

A licence is permission to offer certain products to certain clients under a rulebook. It is not insurance for your P&L. It does not freeze spreads. It does not make a review score a forecast. Full note: what a forex licence covers.

Brand vs entity

Same logo, Cyprus company, UK company, Australia company, offshore company — four contracts. Retail protections such as negative balance rules can differ. Read negative balance protection against the PDF for your entity.

Clone warnings

Regulators publish warning lists. A similar URL with a copied logo is a classic clone. How to spot a clone site.

Peak Pips scores licence clarity. We do not invent reference numbers. Use the shortlist after the register search. Send a correction if a page here looks stale. Risk disclaimer.

Common question

Is one of FCA / ASIC / CySEC “the best”? That is the wrong question. The right one is: does the entity on my contract appear as authorised for the product I was sold, in a way that covers me? If the answer is a shrug from live chat, do not fill the gap with a logo pack.

This is editorial. It is not advice, a broker pitch, or a call to deposit. Confirm licences and costs on the firm’s own site.

Keep reading

Research notes that belong with this page

Read these before you treat a banner as a shortlist. Then confirm the live spec yourself.