FCA-Regulated Forex Brokers Are Declining — 31 Platforms to Avoid
As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:In 2024, WikiFX successfully held the inaugural SkyLine Guide, a local broker selection event, in Thailand, receiving widespread acclaim in the industry for its professionalism and authority, setting a new benchmark in the forex market. This year, we are excited to hold this prestigious event in Malaysia! Meanwhile, the second selection event in Thailand will proceed as scheduled.

In 2024, WikiFX successfully held the inaugural SkyLine Guide, a local broker selection event, in Thailand, receiving widespread acclaim in the industry for its professionalism and authority, setting a new benchmark in the forex market. This year, we are excited to hold this prestigious event in Malaysia! Meanwhile, the second selection event in Thailand will proceed as scheduled.
As the global forex market flourishes, localized features are becoming a new trend in the investment environment. To create an authoritative and professional list of featured brokers based in Malaysia, we leverage the industry-first WikiFX rating system and deeply integrate local market characteristics. We have meticulously invited over a hundred well-known forex market researchers, seasoned traders, and key opinion leaders in the forex sector to form a professional judging panel. They will conduct a multi-dimensional evaluation of brokers operating in Malaysia based on rigorous and thorough selection criteria, providing users with more accurate and relevant recommendations.
The selection criteria encompass various aspects, including capital strength, regulatory compliance, trading conditions, customer service, and technological innovation. The SkyLine Guide consists of a main list and four sub-lists (Safety and Stability List, Historical Performance List, Trading Experience List, Local Influence List). The ranking of listed brokers is not prioritized, aiming to offer users a comprehensive, objective, and fair list of brokers.
SkyLine Guide will gather an esteemed panel of judges, all of whom have demonstrated exceptional achievements and insights in forex market research, trading practice, and industry influence. They will be invited to join the SkyLine Judge Community. These judges not only represent the elite in Malaysia's forex market but will also leverage their profound professional backgrounds and rich practical experience to lead the SkyLine Judge Community into a new phase of development, shaping a more professional and dynamic community ecosystem.
We firmly believe that through continuous efforts and innovation, the SkyLine Guide will inject new vitality and opportunities into the forex market. We aim to promote healthy industry development and enhance overall service levels through this project.
Stay tuned for updates on the “SkyLine Guide Malaysia” to receive more authoritative and professional information. We look forward to collaborating with forex practitioners and investors to enhance the safety of the forex trading environment!

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.

BotBro is a Dubai-based forex broker that has continued to grab headlines for years, with its name being involved in one scam after another. In the latest episode, its name was found in the alleged INR 800 crore forex and crypto trading scam in Goa. Top-level agencies, including the Enforcement Directorate (ED), are investigating the case. They have labeled the platform as a Ponzi scheme. The platform is disguised as an AI-powered forex trading app. In connection with this case, the Goa Police Economic Offences Cell (EOC) filed a First Information Report (FIR) against 10 individuals, including the company owner, Lavish Chaudhary Alias Nawab Ali, for fund misappropriation worth over INR 7.3 crore. Read on as we share the BotBro review in this article.

In what would lift the mood of rupee derivative traders, the Reserve Bank of India (RBI) partially lifted some restrictions on rupee derivative trades imposed by the regulator on April 1, 2026. On this day, the central bank prevented banks from issuing non-deliverable forwards to clients and barred companies from reassessing forward contracts as part of its strategy to counter arbitrage trades, which caused fluctuations in the rupee’s exchange rate. The central bank further prevented banks from signing FX derivative contracts involving the rupee with their associated parties. Read on!

Overview: A comprehensive investigation into the alleged scam case involving forex broker SixFX (Six Global Markets Ltd) in Indonesia. Explore an exclusive interview with an Indonesian victim, WikiFX’s review, and the latest user complaint evidence from 2026.