Overall Score44 / 100The Wikilix trust rating of Radar Brokers, out of 100, built from the five factors below.It holds a valid VFSC 14674 licence, and our investigation found it is high risk and could not be verified.Regulation26%Identity85%Client terms46%Trading offer44%Service41%Score last calculated 2026/10/20
Trading Conditions
Min Deposit:
N/A
Max Leverage:
50
Account Types
美股综合账户 (US Stocks Comprehensive Account)美股环球账户 (US Stocks Global Account)港股综合账户 (Hong Kong Stocks Comprehensive Account)+4 more
High risk35 to 49. Serious gaps in regulation, client terms or conduct; the record points to real risk for a deposit.Why: It holds a valid VFSC 14674 licence, and our investigation found it is high risk and could not be verified.
44 out of 100 · 71% 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 VFSC 14674 licence, and our investigation found it is high risk and could not be verified.
RegulationWhether 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.
26Poor
IdentityWho 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.
85Excellent
Client termsHow 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.
46Poor
Trading offerWhat 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.
44Poor
ServiceHow clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
41Poor
We checked Radar Brokers on 2026-10-20 across its regulation, company record, client terms, trading offer and service, and could verify 71% of its record. Its strongest valid licence is VFSC 14674. The score of 44 is what the checked record adds up to; nothing held it down. What would move the score: licence held by the onboarding entity, policy risk, critical clauses. Our published investigation found it is high risk and could not be verified, with 10.2 years of track record. Its client terms have not been reviewed yet.
0%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
High risk (unverified)Our overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: MEDIUMHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
2.5/5Safety rating 2.5 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.
Radar Brokers is a real, decade-old Vanuatu company with a genuine offshore licence, but it advertises United States brokerage and banking licences that do not exist, and clients report money that di…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation7/10 · HighIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 7/10 (High).Identity & transparency6/10 · HighHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Withdrawals & conduct7/10 · HighCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 7/10 (High).Reputation6/10 · HighWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Website claims9/10 · CriticalWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 9/10 (Critical).Operational history2/10 · LowHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 2/10 (Low).
Editorial review
Updated
Broker Summary
What Wikilix has recorded about Radar Brokers: its history, the licences it holds, its trading conditions and its fees.
Radar Brokers Broker Overview
Radar Brokers is the trading brand of Radar Brokers Limited, a private international company registered in Vanuatu in June 2016. The platform is positioned as a multi asset investment app rather than a conventional foreign exchange broker: it offers US and Hong Kong listed shares, global stock indices, metals and energy derivatives, funds and bonds through a proprietary application called Radar Trader and through MetaTrader 5. The website is published at , with a mirror at radarbrokers.com.
Radar Brokers Regulation and License
Radar Brokers Limited states on its own compliance page that it is supervised by the Vanuatu Financial Services Commission under licence number 14674, and describes itself there as a full licence securities company permitted to conduct securities business in every global market.
That number does not correspond to a financial services licence. Searching the Vanuatu Financial Services Commission International Companies register returns RADAR BROKERS LIMITED, company number 14674, a private international company registered on 29 June 2016 with status Registered and an annual return last filed on 3 June 2026. The figure the broker publishes as its licence number is its company registration number. A company registration establishes that the entity exists. It confers no permission to hold client money or to deal in securities or derivatives.
The broker's English homepage additionally claims that the group and its affiliates hold a broker dealer licence in the United States. No United States authority, licence number or licensed entity is named anywhere on the site, and the compliance page written for the broker's Chinese speaking audience names only Vanuatu.
Is Radar Brokers Regulated?
No confirmed financial regulation was found. The single credential Radar Brokers publishes resolves to a company registration rather than to a licence, and the broker names no other authority, number or licensed entity that could be checked. This is a claimed and unconfirmed regulatory position, not a confirmed one.
Is Radar Brokers Safe?
The most important thing a prospective client should understand is that no confirmed licensing authority stands behind the deposits. The broker states that client funds are held in custody at the National Bank of Vanuatu and kept separate from its own money, and that deposits and withdrawals are permitted only between accounts in the client's own name. Both are sensible arrangements, but they are the broker's own assertions and there is no supervisor identified who could enforce them, and no compensation scheme is mentioned. A corporate registration in good standing, which Radar Brokers Limited does have, does not substitute for that.
The site is also inconsistent about where the company sits. Three different addresses appear across its own pages: Room 4, Flamingo Building, Port Vila on the About and anti money laundering pages, 1st Floor, B&P House, Kumul Highway, Port Vila in the copyright notice and on the registry record, and 401 Ryland St., STE 200-A, Reno, Nevada in the help centre footer. The copyright notice also gives the official website as radarbrokers.com while the site itself is served from radarbrokers.net.
Radar Brokers Account Types
Seven live account types are published, organised by market rather than by pricing tier. US stock and Hong Kong stock accounts each come in a comprehensive version, which does not permit short selling, and a global version, which does. The US global account carries a minimum margin of 25 percent and the Hong Kong global account 50 percent, with short selling available on most of the roughly seven hundred Hong Kong shares offered. Two derivative accounts cover global indices, metals and energy with a minimum margin of 2 percent, the global variant differing in its product source and in offering depth of market quotes. A wealth management account covers funds and structured products. No minimum opening deposit is published for any of them.
Radar Brokers Spreads, Commissions and Fees
There is no single commission rate. Radar Brokers publishes separate fee schedules for US comprehensive accounts, US global accounts, Hong Kong shares and derivatives. On the China A50 index derivative, symbol CHI50, the broker states an overnight financing charge of USD 2 to carry a long position and USD 0.50 to carry a short one. Spreads are not published.
Radar Brokers Leverage
The highest leverage implied by the published margin rates is 50 to 1, from the 2 percent minimum margin on the derivative accounts. Share accounts are far lower, at 4 to 1 for US global and 2 to 1 for Hong Kong global.
Radar Brokers Trading Platforms
Two platforms are offered. Radar Trader is the broker's own application, published for iOS and Android, and it carries the account management, the copy trading community and the market data feed. MetaTrader 5 is offered separately for Windows, iOS and Android; the Windows and Android installers are served from a second domain the broker operates, radar.fund. There is no MetaTrader 4.
Radar Brokers Deposits and Withdrawals
Funding is by bank transfer only. International wire transfers are stated to arrive in one to five business days and Radar Brokers charges no deposit fee on any route. Bano and East West Bank Velo are published as alternative deposit routes, as is TransferWise, which the broker says is currently unavailable to residents of China.
Withdrawals are the costlier side. The minimum withdrawal is USD 100 and the broker states no per transaction or daily ceiling. The platform charges 0.4 percent with a floor of USD 20 per withdrawal; that charge is waived when withdrawing to a Bano account, while a wire to any other bank costs USD 50.
Radar Brokers Support
Support runs through a single email address, contact@radarbrokers.com, and a Vanuatu telephone number, +678-22159. There is no live chat. The public help centre is substantial but is published almost entirely in Chinese, while the marketing pages are in English, so an English speaking client will find the fee schedules, account specifications and funding procedures harder to reach than the promotional material.
Radar Brokers Pros and Cons
The operating company is named openly and its registration is confirmed on the Vanuatu register, in good standing with a current annual return.
Fee schedules, margin rates, withdrawal charges and funding procedures are published in real detail rather than hidden.
The product range is genuinely broad, covering listed shares in two markets alongside index and commodity derivatives.
The number published as a VFSC licence is a company registration number, so no financial supervision has been established.
A United States broker dealer licence is claimed on the homepage with no authority, number or entity named.
The company publishes three different addresses and a website address that is not the one it operates from.
Withdrawal costs are high for smaller balances, at USD 20 minimum or USD 50 by wire against a USD 100 minimum withdrawal.
Radar Brokers Review and Assessment
Radar Brokers presents itself as a licensed and multi jurisdictional broker, and the corporate reality behind the brand is real: Radar Brokers Limited exists, has existed since 2016 and is currently registered. What could not be established is the supervision. The one credential offered turns out to be the company registration itself, and the additional United States claim is unsupported by anything on the site. Anyone considering an account should treat the deposits as unprotected by any identified regulator and weigh that against a product range and a fee disclosure that are, on their own terms, better documented than many offshore competitors manage.
Website archive
Captured
Website snapshots
11 full-page captures of Radar Brokers's own site, archived so what they said can still be read after the pages change.
Every licence Radar Brokers has in force is from an offshore regulator. Most carry no compensation scheme — each licence's record says what the issuing regulator actually requires.
1 of 1 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
1
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.
0
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
1
WIKILIX
Licence intelligence
The only licence on file
Licence Verification Record
Vanuatu Financial Services Commission14674
Wikilix read the VFSC register on Aug 29, 2026. This is what it said.
Jurisdiction
VanuatuOffshore
Authority strength
Tier 4
Register status
Active
Effective
Oct 4, 2023
Checked Aug 29, 2026
What our check found
A genuine Vanuatu Financial Dealers Licence covering classes A, B and C, which permits dealing in securities and derivatives. Vanuatu is a low tier offshore jurisdiction with no investor compensation scheme and no deposit guarantee, so it offers little practical protection if funds go missing. Client protection: Very low. No compensation scheme, no deposit protection and limited supervisory capacity.. Effective: 4 Oct 2023.
Client protection under this licence
No compensation scheme
Complaints routeVFSC Complaints
Maximum leverage1:997
These are the rules VFSC sets for the firms it licenses. They are not a statement about how Radar Brokers 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.
1The footer disclaimer carried on every page of the broker's own site, in both its English and Chinese versions, states: 'The company doesn't provide services to residents of the jurisdictions that forbid derivatives trading, including the U.S., Brazil, Belgium, Hong Kong and Macau.' US, BR, BE, HK and MO are therefore named refusals (https://radarbrokers.net/ and https://radarbrokers.net/topic/21976).
2Puerto Rico, Guam, the US Virgin Islands, American Samoa and the Northern Mariana Islands are recorded as dependent territories of the named United States block. The broker does not name them itself.
3The clause frames the exclusions as 'jurisdictions that forbid derivatives trading' but names only those five, so no further countries are inferred from the category.
4The login and account-opening form uses a telephone dialling code picker rather than a country-of-residence selector, and that picker still lists the United States, Hong Kong, Macao, Belgium and Brazil. It therefore does not enforce the published policy and no code is written to the whitelist on its evidence (https://radarbrokers.net/login?_locale=en).
5The AML policy (https://radarbrokers.net/AML), the risk disclaimer (https://radarbrokers.net/riskDisclaimer) and the margin account agreement (https://radarbrokers.net/html/margin_accout_agreement.html) were all read and none names a restricted jurisdiction.
6The deposit pages state that the TransferWise funding route is currently unavailable to residents of China. This is a payment channel limitation, not an onboarding refusal, so no code is written for it (https://radarbrokers.net/category/20268).
Deposits & withdrawals
Funding Methods
4 ways to fund an account. 4 with no deposit fee.
4 methods
Method
Deposit fee
Withdrawal fee
Min deposit
Withdrawal min / max
Processing
境外汇款 (International Wire Transfer)Wire TransferDeposits by international wire are stated to take 1 to 5 business days and carry no broker deposit fee. Withdrawals to a bank other than Bano are charged USD 50 per transaction; the minimum withdrawal is USD 100 and the broker states no per transaction or daily withdrawal cap. Deposits and withdrawals are accepted only between accounts in the client's own name.
Free
USD 50
—Not recorded
USD 100/—Not recorded
Up to 5 days
贝诺Bano (Bano)E-WalletThe broker states that withdrawing to a Bano account carries no platform withdrawal fee; the general 0.4% (minimum USD 20) withdrawal charge is waived for this channel. Minimum withdrawal USD 100.
Free
Free
—Not recorded
USD 100/—Not recorded
Up to 5 days
华美银行Velo (East West Bank Velo)Bank TransferPublished as a deposit route with its own step by step funding procedure. The broker does not publish separate withdrawal terms for this channel.
Free
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Up to 5 days
TransferWiseE-WalletPublished as a deposit route. The broker states this channel is currently not available to residents of China.
Free
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Up to 5 days
Websites
Global Domains
5 domains on record. All active and served over HTTPS.
5 domains
www.radar.fundBackupActiveHTTPS
radarbrokers.comRegionalActiveHTTPS
radarbrokers.cnRegionalActiveHTTPS
radarbrokers.appActiveHTTPS
www.radarchina.appActiveHTTPS
Legal entities
Corporate Network
2 legal entities behind the Radar Brokers brand.
2 entities
RADAR BROKERS LIMITEDActiveVanuatu·Registration 14674·Established Jun 29, 2016The operating entity named across the website, its legal documents and its copyright notice. Confirmed on the Vanuatu Financial Services Commission International Companies register as company number 14674, a private international company registered on 29 June 2016 with status Registered and an annual return last filed on 3 June 2026. The number 14674 that the broker publishes as its licence number is this company registration number.
Radar International Markets Advisory LimitedActiveNamed as the publisher of the Radar Brokers iOS application on the broker's own download page. The broker does not state this entity's jurisdiction or registration number, and it does not appear on any Vanuatu register searched. Its relationship to the operating entity is undisclosed.
Company registry check
Checked
Company Registration
The operating company is Radar Brokers Limited. Registered in Vanuatu. Registration number 14674.
GLEIF Legal Entity Identifier record, sourced from the Vanuatu Financial Services Commission registry (RA000647)
Registered address
C/O Global Wealth Trust Limited, Gloucester Street, Seaside Area, Port Vila 700033, Vanuatu
Peer comparison
Brokers worth comparing
3 other brokers on the record share what Radar Brokers offers — its country, regulator, account types or platforms — set beside it on the same measures.
By email at contact@radarbrokers.com or by telephone on +678-22159, a Vanuatu number. There is no live chat. The help centre at is detailed but published almost entirely in Chinese, while the marketing pages are in English.
This assessment does not conclude that it is. The company behind the brand is real, registered since 2016 and currently in good standing, and the site documents its fees, margin rates and funding procedures in unusual detail. What it does not have is any confirmed financial supervision: the licence it advertises is its own company registration number, and its United States licensing claim names nothing that can be checked. That makes it high risk and unverified rather than proven fraudulent.
Three appear on its own pages: Room 4, Flamingo Building, Port Vila on the About and anti money laundering pages, 1st Floor, B&P House, Kumul Highway, Port Vila in the copyright notice, and 401 Ryland St., STE 200-A, Reno, Nevada in the help centre footer. Only the B&P House address matches the registered office on the Vanuatu register. The broker offers no explanation for the difference.
The broker states that client funds are held in custody at the National Bank of Vanuatu, kept separate from company money, and that deposits and withdrawals are only permitted between accounts in the client's own name. These are the broker's own statements. Because no financial regulator was confirmed to supervise the firm, there is no identified authority that could enforce them and no compensation scheme is mentioned.
The disclaimer carried on every page states that the company does not provide services to residents of jurisdictions that forbid derivatives trading, and names the United States, Brazil, Belgium, Hong Kong and Macau. The dependent territories of the United States are treated as covered by that block. Note that the account opening form itself is a telephone dialling code picker that still lists all five, so the published policy is not enforced at signup.
US and Hong Kong listed shares, global stock indices, metals and energy derivatives, funds and bonds. The China A50 index derivative, symbol CHI50, is promoted separately with its own fee schedule and trading rules. This is a securities and derivatives offering rather than a conventional foreign exchange one.
Two. Radar Trader is the broker's own application, published for iOS and Android at version 2.0.6, and carries account management, the copy trading community and the market data feed. MetaTrader 5 is offered separately for Windows, iOS and Android; the Windows and Android installers are served from the broker's radar.fund domain. MetaTrader 4 is not offered.
The broker states that an international wire transfer normally takes one to five business days, and that the exact timing depends on the sending bank. Where a transfer is delayed, it asks clients to check the details of the transfer with the sending bank first.
The minimum withdrawal is USD 100 and the broker states no per transaction or daily ceiling. The standard platform charge is 0.4 percent with a floor of USD 20 per withdrawal. That charge is waived when withdrawing to a Bano account, while a wire to any other bank is charged USD 50 per transaction. Deposits carry no broker fee.
Leverage is expressed as margin rates rather than ratios. The derivative accounts carry a minimum margin of 2 percent, which corresponds to about 50 to 1. The US stocks global account requires at least 25 percent margin, roughly 4 to 1, and the Hong Kong stocks global account at least 50 percent, roughly 2 to 1. The comprehensive share accounts do not permit short selling.
Radar Brokers publishes no minimum opening deposit for any of its seven account types. The only funding threshold it states is on the way out: the minimum withdrawal is USD 100.
The English homepage states that Radar Financial Group and its affiliates hold a broker dealer licence in the United States as well as in Vanuatu. No United States authority, licence number or licensed entity is named anywhere on the site, and the broker's own compliance page names only Vanuatu. The claim could not be substantiated and should be treated as unsupported marketing.
The operating entity is Radar Brokers Limited, a Vanuatu international company registered since June 2016, named consistently in the site footer, the copyright notice, the anti money laundering policy and the margin account agreement. A second entity, Radar International Markets Advisory Limited, appears on the download page as the publisher of the iOS application; the broker discloses neither its jurisdiction nor its registration number, and it does not appear on any Vanuatu register.
It refers to the company's registration on the Vanuatu International Companies register. The entry shows RADAR BROKERS LIMITED, company number 14674, a private international company registered on 29 June 2016, status Registered, with an annual return last filed on 3 June 2026 and a registered office at 1st Floor B&P House, Kumul Highway, Port Vila. The record can be reached through the Vanuatu Financial Services Commission entity search.
No confirmed financial regulation was established. Radar Brokers publishes one credential, described on its compliance page as a Vanuatu Financial Services Commission licence numbered 14674. That number resolves on the Vanuatu Financial Services Commission International Companies register to RADAR BROKERS LIMITED, company number 14674, a private international company. It is the firm's company registration number, not a financial services licence, and a company registration confers no permission to take client deposits or deal in securities.
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