SERC Regulated Brokers: The Complete Register

Eleven brokers in the WIKILIX records hold a licence from the Securities and Exchange Regulator of Cambodia, known as SERC. This page lists all eleven, ordered by WIKILIX score, and it keeps the flagged entries in plain sight rather than quietly dropping them.

That choice matters here more than on most register pages. Seven of the eleven carry a status flag beyond a clean regulated label. Three are marked as suspected clones, three as operating beyond their licensed scope, and one carries an offshore flag. Only four sit on the list with a clean regulated status: ATFX, Axion Trade, CDX and ACLEDA Bank. The highest score on the page, 70, belongs to Blackwell Global, and even that name is recorded with a suspected-clone flag.

What SERC licensing means, and what it does not

SERC is Cambodia's securities regulator, and WIKILIX places it in tier three on the offshore side. A tier three licence tells you a firm has registered with a national authority and answers to it for the products that authority covers, which for SERC is largely FX-linked derivatives sold under Cambodian law. It is a real licence. It is not the protection a trader gets from an FCA or an ASIC authorisation, where compensation schemes and strict client-money rules apply. Five of the eleven list more than one authority. Two of those, ATFX and Blackwell Global, reach a tier-one regulator such as the FCA, so for them the SERC entry is one line on a longer licence record rather than the whole story.

Most of these firms are not based in Cambodia

A SERC licence does not make a broker a Cambodian company. Only five of the eleven are headquartered in Cambodia: AIMSCAP, BIC Markets, CFD Capital, CDX and ACLEDA Bank. The other six are registered in the United Kingdom, the Bahamas, Seychelles, Hong Kong and Canada, and hold the SERC licence alongside licences at home. If you came here for the full picture of who operates from Cambodia rather than who holds this one licence, the brokers based in Cambodia list is built on domicile instead.

Reading the status flags on this list

The flags are WIKILIX's own recorded labels. A suspected-clone flag, on Blackwell Global, AIMSCAP and Y.A.I Brokers, means the record may point to a firm using a licensed company's name without its permission. An exceeded flag, on STMARKET, BIC Markets and CFD Capital, means the firm appears to trade beyond what its licence allows. Great Wall Securities carries an offshore flag. None of these labels is a court ruling. Each is a prompt to check the primary source before you send any money.

Checks worth making before you deposit

• Confirm the SERC licence number on the regulator's own register at serc.gov.kh, not on the broker's own marketing pages.
• For a multi-licence firm like ATFX, check which company you are actually contracting with, because the Cambodian entity and the UK entity are separate legal bodies.
• Treat a suspected-clone flag as a reason to contact the named regulator directly and confirm the firm is who it claims to be.
• Note the opening year: ACLEDA Bank dates to 1993 and Great Wall Securities to 1998, while seven of the eleven opened in 2015 or later.

This list covers licensing and status only. It does not record spreads, fees or minimum deposits, and it cannot tell you whether any of these firms will accept a client from your country. Those answers live in each broker's own terms, and the SERC licence itself should be verified on the register before you rely on it.