Regulation VerifiedRegulation VerifiedWIKILIX confirmed at least one of its licences on the regulator's official register.
United Kingdom
·Since 2011
Last Updated:
Overall Score67 / 100The Wikilix trust rating of Griffin Markets, out of 100, built from the five factors below.It holds a valid ACPR 12783 licence, and its company registration is verified.Regulation85%Identity79%Client terms50%Trading offer50%Service50%Score last calculated 2026/11/04
Good65 to 79. A solid record with minor gaps and no stop sign.Why: It holds a valid ACPR 12783 licence, and its company registration is verified.
67 out of 100 · 50% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.
Do not trust
High risk
Fair
Good
Excellent
It holds a valid ACPR 12783 licence, and its company registration is verified.
We checked Griffin Markets on 2026-11-04 across its regulation, company record, client terms, trading offer and service, and could verify 50% of its record. Its strongest valid licence is ACPR 12783. The score of 67 is what the checked record adds up to; nothing held it down. What would move the score: verified age, transparency, site integrity. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.
Score last calculated 2026/11/04
Regulation
Is someone watching them?
85out of 100
Excellent
Counts for 35% of the score100% checked
What we checked
Best licence in force100
AMF 78992 claimed, not checked on the register · Sep 15, 2026
Whether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
Identity
Who is behind it, and for how long?
79out of 100
Good
Counts for 15% of the score66% checked
What we checked
Registry-verified entity100
Company registration verified on the registry · Sep 15, 2026Source
Verified age100
Oldest registered entity established 2011-06-24 · Sep 15, 2026Source
Transparency75
3 of 4 transparency checks met (entity, address, complaints, ownership)
Who is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
Client terms
Are the client terms fair?
50out of 100
Fair
Counts for 15% of the score0% checked
What we checked
Policy riskNot checked yet
No published policy review
Critical clausesNot checked yet
No published policy review
Withdrawal railsNot checked yet
No withdrawal rails recorded
Language parityNot checked yet
No published policy review
What this measures
How fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
Trading offer
What does trading cost, and is it disclosed?
50out of 100
Fair
Counts for 20% of the score0% checked
What we checked
All-in EURUSD costNot checked yet
No EURUSD spread known
Pricing disclosed per account typeNot checked yet
No account types recorded
Instrument breadthNot checked yet
No instrument counts known
PlatformsNot checked yet
No trading platform recorded
Leverage vs regulated capNot checked yet
Maximum leverage unknown
Minimum depositNot checked yet
Minimum deposit unknown
What this measures
What trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
Service
How do they treat clients?
50out of 100
Fair
Counts for 15% of the score35% checked
What we checked
Fund-integrity complaintsNot checked yet
No published scam check
Support channels50
3 of 6 support checks (phone, email, 24/7 chat, 2+ languages, messenger, complaints email) · Sep 15, 2026
Reputation footprintNot checked yet
No published scam check
WIKILIX communityNot checked yet
0 approved review(s), fewer than 10
What this measures
How clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
What Wikilix has recorded about Griffin Markets: its history, the licences it holds, its trading conditions and its fees.
Griffin Markets Broker Overview
Griffin Markets is a wholesale energy broker and trading venue operator, not a retail forex or contracts-for-difference provider. The business was co-founded in 2011 by Andrew Stephens and Simon Davidson, and it arranges and executes over-the-counter trades in United Kingdom and Continental European gas and power for professional market participants. The trading service is operated by Griffin Markets Europe SAS in Paris, while the website and the London office belong to Griffin Markets Services Limited. There is no retail account, no minimum deposit and no consumer trading platform anywhere on the company's website.
Griffin Markets Regulation and License
On its own the company states that Griffin Markets Europe SAS is regulated in France by the Autorité des Marchés Financiers and the Autorité de Contrôle Prudentiel et de Résolution under REGAFI number 78992, that it operates authorised branches in the United Kingdom under the Financial Conduct Authority and in Italy under Consob, and that it is registered as an Introducing Broker with the National Futures Association in the United States. The stated permissions are reception and transmission of orders, execution of orders on behalf of clients, and the operation of an Organised Trading Facility. The company publishes the segment MIC code GMEO and the operating MIC code GMES for its French entity, the Legal Entity Identifier 969500OBCS5EQT67NQ53, its OTF rule book in English and French, a list of financial instruments, a fee schedule for instruments executed on the facility, a best execution policy and complaints handling details. These authorisations were not checked against the issuing authorities' own registers during this research, so they are recorded as claimed rather than confirmed.
Is Griffin Markets Regulated?
Griffin Markets states that it is, and the surrounding detail is unusually specific for a claim of this kind, but the claim is unconfirmed here because the authorities' registers were not opened. What can be confirmed independently is corporate rather than regulatory: the operating entity exists, is active, and carries a Legal Entity Identifier whose record lists the same operating MIC code the company publishes. A reader who needs certainty should check REGAFI number 78992 on the French register directly. It is also worth being clear that whatever the authorisation covers, it is a wholesale intermediary permission and not a retail forex or CFD licence.
Griffin Markets Europe SAS
Griffin Markets Europe SAS is the entity that actually operates the trading venue. It is registered in France under SIREN 843904954, was created on 5 November 2018, is recorded as active, and has its registered office at 25 Rue Jean Giraudoux, 75016 Paris. Its United Kingdom establishment is recorded at Companies House as GRIFFIN MARKETS EUROPE SAS with overseas company number FC041365 and branch number BR026483, opened on 22 December 2023, and the stated business purpose on that record is the operation of an energy trading platform. The regulation page states that the venue previously ran through Griffin Markets Limited in the United Kingdom and moved to the French entity on 1 January 2021; Companies House records that older company, number 07681649, as dissolved on 3 June 2025. The website itself is published by Griffin Markets Services Limited, company number 07706648, incorporated on 15 July 2011 and active, and the group holding company is Griffin Markets Group Limited, number 07706155, also incorporated on 15 July 2011 and active. All three United Kingdom companies share the registered office at 86 Duke of York Square, London SW3 4LY. A company registration confirms that a company exists; it is not financial regulation.
Griffin Markets License 78992
REGAFI number 78992 is the reference the company publishes for its French authorisation, described as held jointly under the Autorité des Marchés Financiers and the Autorité de Contrôle Prudentiel et de Résolution and issued to Griffin Markets Europe SAS. The company describes its scope as reception and transmission of orders, execution of orders on behalf of clients, and operating an Organised Trading Facility. No expiry date is published. The United Kingdom, Italian and United States registrations are described in words only, with no reference number published for any of them.
Is Griffin Markets Safe?
The question does not arise in the usual way, because a retail client cannot open an account or deposit money with Griffin Markets at all. For the professional counterparties it does serve, the supporting record is consistent: a fifteen-year trading history, four group companies traceable in official registers, three named offices, a leadership team named on the site, and current regulatory documentation including an OTF rule book updated in August 2025 and an instrument list dated April 2026. The main caveat is the one stated above, that the regulatory claims were not verified against the registers themselves. A second point worth noting is that the strength of this firm's name and credentials makes it an attractive target for impersonation, so anyone approached by a party offering retail forex trading under the Griffin name should treat that approach with suspicion.
Griffin Markets Trading Platforms
Griffin Markets operates a hybrid execution model that combines voice broking desks with an electronic platform. The electronic component is GlobalVision, the Trayport platform, which the company describes as heavily integrated with its own back office systems and with the major European energy exchanges for straight-through processing of cleared trades. The company also supplies real-time and historic market data, including view-only price screens across the forward curve. None of the retail trading platforms common to forex brokers is offered, and no downloadable consumer terminal is published.
Griffin Markets Support
Griffin Markets publishes a general address at contact@griffinmarkets.com and a compliance address at compliance@griffinmarkets.com, together with a contact form. It lists three offices: Griffin Markets Europe SAS at 25 rue Jean Giraudoux, 75116 Paris, on +33 1 78 96 81 70; Griffin Markets Services Limited at 86 Duke of York Square, London SW3 4LY, on +44 (0) 207 808 4240; and a Milan office at Piazzale Biancamano 8, 20121 Milan. A separate market data desk is published on +44 (0) 20 7808 4213. There is no live chat and no published service-hours commitment.
Griffin Markets Pros and Cons
Named, traceable corporate structure: four group companies, each locatable in an official register, at a shared London registered office.
Specific regulatory disclosure, including a REGAFI reference number, two MIC codes and a Legal Entity Identifier that an outside party can check.
Substantial published documentation for a venue of its size, including an OTF rule book, an instrument list, a fee schedule, a best execution policy and complaints handling details.
Fifteen years of continuous operation, with corroborating incorporation records from 2011 and site content current to 2026.
Not accessible to retail clients: no account opening, no deposits and no consumer platform.
The regulatory claims were not confirmed against the issuing authorities' own registers in this research.
One group company, the original venue operator, was dissolved in June 2025, which a reader checking that older company name would encounter without the explanation the regulation page gives.
Griffin Markets Review and Assessment
Griffin Markets is a wholesale energy intermediary rather than a retail broker, and that single fact settles most of what a reader arriving from a forex search needs to know: there is nothing here to open an account with. Judged on its own terms, it presents as an established venue operator with a coherent corporate record, detailed regulatory disclosure and a long operating history. The material reservation is that its regulatory standing rests on its own published statements, which were not checked against the French, British, Italian or American registers during this research, and anyone intending to transact should verify REGAFI number 78992 before doing so.
Website archive
Captured
Website snapshots
11 full-page captures of Griffin Markets's own site, archived so what they said can still be read after the pages change.
Griffin Markets holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.
1 of 5 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
5
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
1
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
5
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
0
WIKILIX
Licence intelligence
The strongest of 5 licences on file
Licence Verification Record
Autorité de contrôle prudentiel et de résolution12783
Wikilix read the ACPR register on Sep 17, 2026. This is what it said.
Compensation schemeUp to EUR 70,000 per client. The FGDR covers securities and other financial instruments a licensed firm cannot return, with a separate EUR 100,000 limit for cash deposits. The ACPR decides when it pays, and the fund aims to pay within three months.
Client money kept separate
Negative balance protection
Complaints routethe AMF Ombudsman, a free public mediation service set out in law. The ACPR does not settle individual disputes; it acts on reports about a firm's conduct.
These are the rules ACPR sets for the firms it licenses. They are not a statement about how Griffin Markets applies them, or about which of its companies would hold your account.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
Where Griffin Markets says it will and won't take clients
No country restrictions on record. We looked and found nothing published — which is not the same as being open to everyone. Check Griffin Markets's terms.
How we know — 8 sources
1Terms of use at https://griffinmarkets.com/terms-of-use/ were read in full and carry no eligibility, capacity or restricted-jurisdiction clause. The only geographic provision is a governing-law clause placing the agreement under the laws of England with exclusive jurisdiction in the English courts, which is not a restriction on who may be served.
2No dedicated countries page is published. The paths /restricted-countries, /prohibited-countries, /accepted-countries and /where-we-operate all return the site's not-found page, and the site publishes no FAQ or help centre to search.
3No retail onboarding exists to enforce a country list. The paths /register, /signup and /open-account all return the site's not-found page; the only forms the site publishes are the contact form at https://griffinmarkets.com/contact/ and the market-data enquiry form at https://griffinmarkets.com/market-data/, neither of which asks for a country. There is therefore no signup country selector to read.
4No AML or KYC policy page and no deposit or withdrawal page are published. The paths /aml-policy, /kyc, /deposit and /funding all return the site's not-found page, which is consistent with a venue that onboards wholesale counterparties under negotiated documentation rather than retail depositors through a web form.
5The privacy policy at https://griffinmarkets.com/Privacy-Policy/ and the third party disclaimer at https://griffinmarkets.com/third-party-disclaimer/ were read and name no restricted jurisdiction. The only occurrences of restriction wording in the privacy policy are data-subject rights under data-protection law, and the disclaimer's only identifying statement is that the website is published by Griffin Markets Services Limited.
6The regulatory filings of the named operating entity were not opened in this research, and in any case a filing states the jurisdictions an authorisation permits rather than the jurisdictions a firm refuses, so it could not have set a confirmed block.
7The footer carries no risk disclaimer naming jurisdictions the site is not directed at, and the site publishes no per-language variants. The only non-English document is the French version of the OTF rule book linked from https://griffinmarkets.com/regulation/.
8Conclusion: no country code is written to any list. The company publishes no retail country policy because it operates a wholesale trading venue and does not onboard retail clients. The absence of a restriction list is not evidence that any jurisdiction is accepted.
Websites
Global Domains
One domain on record. All active and served over HTTPS.
4 legal entities behind the Griffin Markets brand.
4 entities
Griffin Markets Europe SASActiveFrance·Registration 843904954·Established Nov 5, 2018The regulated operating entity. It has run the group's Organised Trading Facility for wholesale gas and power since 1 January 2021 and holds the French AMF and ACPR authorisation recorded under REGAFI no. 78992, with branches in the UK and Italy. Registered on the French Sirene register under SIREN 843904954 and carrying LEI 969500OBCS5EQT67NQ53 with operating MIC GMES.
Griffin Markets Services LimitedActiveUnited Kingdom·Registration 07706648·Established Jul 15, 2011The entity that publishes and owns the griffinmarkets.com website, named in the site footer and in the third party disclaimer, and the occupant of the London office. Active at UK Companies House, incorporated 15 July 2011 under the former name Griffin Commodities Services Ltd, classified under SIC 64999 financial intermediation not elsewhere classified.
Griffin Markets Group LimitedActiveUnited Kingdom·Registration 07706155·Established Jul 15, 2011The group holding company. Active at UK Companies House, incorporated 15 July 2011 under the former name Griffin Commodities Group UK Ltd, at the same London registered office as the rest of the group and classified under SIC 64999 financial intermediation not elsewhere classified.
Griffin Markets LimiteddissolvedUnited Kingdom·Registration 07681649·Established Jun 24, 2011The group's original UK company and the first operator of the Organised Trading Facility, incorporated 24 June 2011 as Griffin Commodities Services Limited. The company's own regulation page states the OTF moved to the French entity on 1 January 2021, and UK Companies House records this company as dissolved on 3 June 2025. It is no longer an operating entity.
Company registry check
Checked
Company Registration
The operating company is GRIFFIN MARKETS EUROPE SAS. Registered in France. Registration number 843904954.
UK Companies House overseas company record FC041365; French RCS and Sirene registration corroborated via GLEIF LEI 969500OBCS5EQT67NQ53
Registered address
25 Rue Jean Giraudoux, 75016 Paris, France
Peer comparison
Brokers worth comparing
2 other brokers on the record share what Griffin Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
The company publishes a complaints handling document and a best execution policy on its regulation page, and a compliance contact address. A counterparty's formal recourse would run through the authority supervising the entity it contracted with, which the company identifies as the French AMF and ACPR for its operating entity. Retail investor compensation schemes are not relevant here, since the firm does not take retail client money.
About fifteen years. The company says it was co-founded in 2011, and that is corroborated by the incorporation records of its United Kingdom companies, dated 24 June 2011 and 15 July 2011. The French entity that now operates the trading venue was created on 5 November 2018 and took the facility over on 1 January 2021.
By email at contact@griffinmarkets.com for general enquiries or compliance@griffinmarkets.com for regulatory matters, or through the form on its . It publishes three offices: Paris on +33 1 78 96 81 70, London on +44 (0) 207 808 4240, and Milan at Piazzale Biancamano 8. A separate market data desk is reachable on +44 (0) 20 7808 4213. There is no live chat.
The company publishes no country restriction list and no accepted-country list anywhere on its site, including in its terms of use. That silence should not be read as acceptance of any particular jurisdiction: there is no retail onboarding form to enforce a country policy in the first place, and wholesale counterparties are admitted under negotiated documentation rather than through a web signup.
Griffin Markets publishes a fee schedule covering financial instruments executed on its Organised Trading Facility, linked from its regulation page and most recently dated November 2025. There is no retail spread or commission table, because there is no retail offering, and pricing for bespoke arrangements is not published.
You cannot, as a retail client. Griffin Markets publishes no payment methods, no deposit page and no withdrawal terms, and the paths where a broker would normally put them do not exist on its site. It is a trading venue and intermediary, not a firm that holds client balances.
Standardised contracts in United Kingdom and Continental European gas and power, together with more complex bespoke structured arrangements and block futures trade registration. The company publishes a list of financial instruments executed on its Organised Trading Facility. Contracts for the physical supply of gas and power executed through the facility are not classified as financial instruments under the C6 carve-out of MiFID II.
The venue runs a hybrid model combining voice broking desks with an electronic platform. The electronic component is GlobalVision, the Trayport platform, which the company says is heavily integrated with its own back office systems and with the major European energy exchanges for straight-through processing of cleared trades. MetaTrader 4, MetaTrader 5 and cTrader are not offered, and there is no downloadable consumer terminal.
None is offered or published. Griffin Markets arranges and executes wholesale gas and power trades between professional counterparties and does not provide leveraged retail trading accounts, so no maximum leverage figure exists for it.
There is none, because there is no client account to deposit into. Griffin Markets does not onboard retail clients and publishes no account opening, deposit or funding page. Counterparties on its venue are professional firms admitted under the terms of its OTF rule book rather than depositors.
The group holding company is Griffin Markets Group Limited, registered in England under number 07706155 and incorporated on 15 July 2011. The business was co-founded in 2011 by Andrew Stephens, who is chairman, and Simon Davidson, who is an executive director. Nick Jackson is chief executive officer and Carlos Gutiérrez is European managing director and head of compliance for Continental Europe.
Nothing found in this research suggests so. The company's corporate record is fully traceable: four group companies appear in official registers, the French operating entity is active under SIREN 843904954, and its Legal Entity Identifier record carries the same market identifier code the company publishes on its own site. The realistic risk with a name like this is the opposite one, that someone else uses these genuine credentials to front a retail forex offer the company has nothing to do with.
Griffin Markets states on its that its operating entity, Griffin Markets Europe SAS, is regulated in France by the AMF and the ACPR under REGAFI number 78992, with authorised branches in the United Kingdom under the FCA and in Italy under Consob, and an Introducing Broker registration with the NFA in the United States. Those authorisations are claimed rather than confirmed here, because the authorities' own registers were not opened during this research. Whatever they cover, they are wholesale intermediary permissions and not retail forex licences.
No. Griffin Markets is a wholesale energy broker and trading venue operator, dealing in over-the-counter United Kingdom and Continental European gas and power for professional market participants. Its own site describes it as an energy market focussed intermediary that operates an Organised Trading Facility. It offers no currency pairs, no contracts for difference and no retail trading service of any kind.
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