
28 brokers in the WIKILIX database hold a registration with FINRA, the Financial Industry Regulatory Authority, and every one of them is on this page. Scores run from 87.9 at the top (T.RowePrice) down to 49.2 at the bottom (TFCAPITAL), with a median of 61.0. Seven carry a status flag of our own. They are shown here rather than filtered out, because a register that drops its awkward entries stops being a register.
The first ten, ranked by WIKILIX score
The grid below this text carries the remaining brokers in the same order. The regulator column lists what we hold besides FINRA.
| Broker | Score | Opened | Other regulators on record | WIKILIX status label |
|---|---|---|---|---|
| T.RowePrice | 87.9 | 1937 | SFC, SEC, FCA, CIRO, MAS | Regulated |
| U.S. Bank | 82.0 | 1995 | FinCEN, FCA, CBI | No regulation |
| tastytrade | 81.2 | 2015 | SEC, NFA, ASIC | Suspicious clone |
| AMTD | 79.0 | 2003 | SFC, SEC | Suspicious clone |
| NatWest Markets | 74.6 | 2016 | FCA, FSA, MAS | No regulation |
| Univest | 73.1 | 1994 | SEC | No regulation |
| E TRADE | 70.2 | 1982 | NFA, SEC | Regulated |
| EFG Holding | 68.6 | 2025 | DFSA, ISA, CMA, SEC, FCA, MAS | Regulated |
What the full 28 add up to
- 16 opened before 2000 and 11 before 1990. SOCIETE GENERALE carries the earliest opening date we hold, 1864, ahead of StoneX One in 1866 and SSY in 1880.
- 25 hold at least one licence from an authority other than FINRA. Three hold nothing else in our records: SSY, STAGE FIVE and RWE.
- 16 also carry an SEC registration. Only 5 are recorded with the NFA.
- 24 hold a second tier-1 licence alongside FINRA, counted against our own 18-authority tier-1 list.
- 14 are domiciled in the United States. The rest sit in Singapore, Brazil, South Korea, Hong Kong, the United Kingdom and seven other places, and one, EFG Holding, has no domicile recorded at all.
FINRA is a membership body, not a government agency
FINRA is a self-regulatory organisation. It writes and enforces the rulebook for US broker-dealers, and it is itself supervised by the Securities and Exchange Commission, which is the government agency in that chain. A firm on this page is a FINRA member, examined against FINRA rules. 16 of the 28 also appear in our records with a direct SEC registration, and 12 do not. That split is the useful part: "FINRA regulated" on a broker's own site is a real and checkable status, and it is not a national authorisation.
Every member firm has a CRD number and a public file on BrokerCheck, which publishes registration and disciplinary history. FINRA also runs its own alphabetical directory of the firms it regulates. That directory is complete and this page is not. It covers thousands of firms, most of which no retail trader will ever encounter. This page answers the smaller question of which 28 brokers already in the WIKILIX database hold one.
Why this is not a forex licence
Retail forex in the United States sits with the CFTC and the National Futures Association, not with FINRA. Five firms here are recorded with the NFA as well: tastytrade, E TRADE, GAIN Capital, StoneX One and SOCIETE GENERALE. The other 23 are not, and a FINRA registration on its own says nothing about whether a firm may offer you a currency pair. It is also why half this page has no leverage figure: 14 of the 28 have no maximum leverage recorded, and among those that do it runs from 1:2 at charles SCHWAB to 1:1000 at D prime and Options AI.
The seven flagged records
Four firms carry our noRegulation label: U.S. Bank, NatWest Markets, Univest and Bull Market. Three carry suspiciousClone: tastytrade, AMTD and SSY. These are WIKILIX's own labels, applied to the broker record as a whole rather than to the FINRA entry, so a flag here is not a claim that the registration is false. It means our file on that firm has something a reader should look at first.
Checks that fit this particular list
- Search BrokerCheck by firm name, take the CRD number, then confirm the site you are on names that same legal entity. For SSY, STAGE FIVE and RWE this matters more than anywhere else on the page, because BrokerCheck is the only register we hold for them.
- Work out which entity you would sign with. PhillipCapital appears here with SEC, ASIC and DFSA licences beside its FINRA one, and those are separate companies under separate rulebooks.
- Check whether the account is a securities account or a futures account. SIPC covers securities positions and the cash held for them, not futures or currency balances.
- Read the opening dates as record-keeping, not provenance. EFG Holding shows 2025 in our data and StoneX One shows 1866, and both describe the record we hold rather than the entity you would face.
28brokers on this list
Researched & ranked by the Wikilix team
- #1
United StatesEst. 1937SFCRegulationLicenseSpread87.9Score - #2

U.S. Bank
No RegulationUnited StatesEst. 1995FINRARegulationLicenseSpread82.0Score - #3

tastytrade, Inc
Suspicious CloneNorthern Mariana IslandsEst. 2015FINRARegulationLicenseSpread81.2Score - #4

AMTD Group Company Limited
Suspicious CloneHong KongEst. 2003SFCRegulationLicenseSpread79.0Score - #5

NatWest Markets Plc
No RegulationUnited KingdomEst. 2016FCARegulationLicenseSpread74.6Score - #6

Univest Securities
No RegulationUnited StatesEst. 1994SECRegulationLicenseSpread73.1Score - #7

E*TRADE Futures LLC
RegulatedUnited StatesEst. 1982NFARegulationLicenseSpread70.2Score - #8

EFG Holding
RegulatedEst. 2025DFSARegulationLicenseSpread68.6Score - #9

Simpson Spence Young
Suspicious CloneUnited StatesEst. 1880FINRARegulationLicenseSpread68.2Score - #10

Charles Schwab & Co. Inc.
RegulatedUnited StatesEst. 2019SFCRegulationLicenseSpread67.1Score - #11

Bull Market Brokers S.A.
No RegulationArgentinaEst. 2000CNMVRegulationLicenseSpread66.5Score - #12

GAIN Capital Holdings Inc
RegulatedUnited StatesEst. 1999NFARegulationLicenseSpread61.9Score
This page is one stored filter, a FINRA registration, and nothing else. Nobody edits it by hand. A broker whose score moves changes position on its own, and a firm whose FINRA record is added to or removed from our database appears or disappears the same way. The 28 above, and every figure in the text, were read from the database on the day the page was assembled.
If you arrived looking for US retail forex specifically, NFA regulated brokers is the closer match, since that is the body that actually supervises it. SEC regulated brokers covers the 72 firms we hold with a direct SEC registration rather than a membership one, and CIRO regulated brokers is the Canadian equivalent question. For firms measured on score instead of jurisdiction, tier-1 regulated brokers scoring 70+ cuts across all of them.
One limit worth repeating. This reflects the licence records held in the WIKILIX database as of today, and a registration can lapse between our record and your deposit. Confirm any firm on BrokerCheck before you send money. Where our record and the regulator's register disagree, the register is the one that counts.