#1
Robinhood Markets, Inc
RegulatedUnited StatesEst. 2013SEC
Regulation
License
Spread
59.1Score
Ten firms make up this ranking, the highest-scoring FinCEN-registered brokers WIKILIX holds with a clean regulation status. They come from a pool of 32 such firms, out of 64 that carry a FinCEN registration in total. Robinhood leads on a WIKILIX score of 59.1, and no FinCEN-registered broker on record scores above 60, so this is a shortlist of solid mid-table names rather than category leaders.
| # | Broker | Score | Also holds | Opened |
|---|---|---|---|---|
| 1 | Robinhood | 59.1 | SEC, FCA | 2013 |
| 2 | Currenex (State Street) | 58.6 | FCA, SFC, CIRO | 2018 |
| 3 | Eddid | 58.1 | SFC, SEC, MAS | 2015 |
| 4 | Kraken | 57.9 | FCA, CBI, CySEC | 2011 |
| 5 | LONG ASIA | 54.8 | MAS, FSCA, FINTRAC | 2012 |
| 6 | TransferWise | 53.7 | FCA, ASIC, SFC | 2011 |
| 7 | Monex Europe | 53.3 | FCA, CNMV, MAS | 1985 |
| 8 | GOLDCIRCLE | 52.3 | FCA, MAS | 2024 |
| 9 | BitMart | 51.2 | SFC, CIMA | 2017 |
| 10 | Kwakol Markets | 50.4 | ASIC, FINTRAC | 2021 |
What a FinCEN registration actually is
FinCEN is the United States Financial Crimes Enforcement Network. A firm registers with it as a money services business, an anti-money-laundering obligation that governs how it verifies customers and reports suspicious transactions. It is not a trading-conduct licence, and it says nothing about capital requirements or how client money is kept separate from a firm's own. That is why this order leans on the WIKILIX score and on the other authorities each firm holds, not on the FinCEN entry by itself.
The WIKILIX score gathers a firm's licensing record and operating history into one figure out of 100. Across the 32 clean-status FinCEN registrants the median score is 38.8, so the ten here sit well clear of the middle of that group, and all of them cleared 50.
Every firm here is licensed somewhere else too
The point that matters most: not one of these ten rests on FinCEN alone. Each holds at least three separate authorities' registrations, and every one carries at least one WIKILIX tier-1 authority beyond FinCEN, whether that is the UK's FCA, Australia's ASIC, Hong Kong's SFC, Singapore's MAS, Canada's CIRO or Spain's CNMV. Across the wider pool of 32, 22 hold more than one authority. Monex Europe, the oldest name on the list with a 1985 opening date, pairs its FinCEN entry with the FCA, Spain's CNMV and MAS. GOLDCIRCLE, the newest at 2024, sits on the FCA and MAS alongside it.
What this list does not tell you
A FinCEN registration is a US anti-money-laundering record, so it does not confirm that a firm will accept you as a client where you live, and several of these are payments or crypto businesses rather than retail forex desks. TransferWise and Currenex sit closer to money transfer and institutional currency dealing than to leveraged trading. Kraken and BitMart are crypto exchanges. The ranking does not cover spreads or execution quality, neither of which WIKILIX records. For US retail forex in particular, the conduct regulators to look for are the CFTC and the NFA, not FinCEN.
- Confirm the FinCEN registration on the US Treasury's MSB registrant search before you treat it as current.
- Check which entity you would actually contract with, since a firm may hold an FCA or ASIC licence for one region and offer you a different, unlicensed one.
- For a leveraged US forex account, look for CFTC registration and NFA membership on top of the FinCEN entry.
- Read each firm's own terms for whether it takes clients from your country, because this ranking is built by licence and score, not by market served.
10brokers on this list
Researched & ranked by the Wikilix team
- #2
State Street Corporation
RegulatedUnited StatesEst. 2018FinCEN
RegulationLicenseSpread58.6Score - #3
Eddid Holdings Group
RegulatedHong KongEst. 2015SFC
RegulationLicenseSpread58.1Score - #4
Payward, Inc
RegulatedUnited StatesEst. 2011FinCEN
RegulationLicenseSpread57.9Score - #5
Long Asia Group Ltd
RegulatedSaint Vincent and the GrenadinesEst. 2012FINTRAC
RegulationLicenseSpread61.1Score - #6
TransferWise Ltd
RegulatedAustraliaEst. 2011FCA
RegulationLicenseSpread53.7Score - #7
Monex Europe Ltd
RegulatedUnited KingdomEst. 1985FCA
RegulationLicenseSpread53.3Score - #8
GOLD CIRCLE DIGITAL LIMITED
RegulatedUnited KingdomEst. 2024FinCENRegulationLicenseSpread52.3Score - #9
BitMart
RegulatedCanadaEst. 2017FinCEN
RegulationLicenseSpread53.5Score - #10
Kwakol Markets
RegulatedUnited StatesEst. 2021ASICRegulationLicenseSpread51.9Score
This ranking reflects the FinCEN registrations and WIKILIX scores on record today. Scores move as licensing and operating history change, so the order can shift, and any firm that loses its clean status drops off the shortlist. WIKILIX rechecks these records regularly, but a registration you are about to rely on is worth confirming yourself on the US Treasury's own register.
For the whole picture rather than the top ten, the full FinCEN register lists every registered firm including the flagged ones, and the clean-status register narrows that to firms carrying a regulation status. To see the same registrants ordered by age instead of score, the longest-established FinCEN brokers page runs oldest first. Traders weighing US oversight specifically will find the NFA and SEC score rankings a closer match, since those authorities supervise trading conduct in a way FinCEN does not.
Every figure here comes from the licence and score records WIKILIX holds. None of it is a recommendation, and none of it replaces reading a firm's own terms before you open an account.
Frequently Asked Questions
Frequently asked questions
Answers from the Wikilix research team about this ranking.
Most Popular Questions
This list cannot tell you. It is built from where each firm is licensed and its WIKILIX score, not from which countries it accepts clients in. A firm may hold an FCA or ASIC licence yet offer traders in your region a different entity, or none at all. Check each broker's own terms and the specific entity you would be signing up with.
Yes, all ten do. Each carries at least one authority WIKILIX rates tier-1 beyond its FinCEN entry, with the FCA, ASIC, SFC, MAS, CIRO and CNMV all appearing across the list. Five of the ten hold two or more such authorities. TransferWise and Monex Europe each pair FinCEN with three separate tier-1 regulators.
It signals that a firm has registered as a money services business and is subject to US anti-money-laundering rules, such as verifying customer identity and reporting suspicious activity. It does not protect your deposits, cap leverage or guarantee fair execution. Those safeguards come from a conduct regulator, which is why the other authorities each firm holds matter more here.
Every firm here holds a US FinCEN registration, and several are US-domiciled, including Robinhood, Currenex, Kraken and Kwakol Markets. That does not make them US retail forex brokers. FinCEN is an anti-money-laundering register, so for a leveraged US forex account you should look for CFTC registration and NFA membership as well.
Robinhood, at a WIKILIX score of 59.1, just ahead of Currenex on 58.6 and Eddid on 58.1. No FinCEN-registered broker on record scores above 60, so the gap across the whole top ten is narrow: the tenth name, Kwakol Markets, sits at 50.4. The pool median is 38.8.
Monex Europe, with a recorded opening date of 1985. It is the only firm in the top ten that predates 2000, and one of just two clean-status FinCEN registrants opened before 2010. The next oldest names, Kraken and TransferWise, both date to 2011, while GOLDCIRCLE opened as recently as 2024.
Not in the way a trading regulator does. FinCEN registration is a US anti-money-laundering requirement for money services businesses, covering customer checks and suspicious-transaction reporting. It sets no rules on leverage, client-money segregation or order execution. In the United States that conduct oversight belongs to the CFTC and the NFA, which is why every firm here also holds other licences.
Ten. They are the highest-scoring of the 32 FinCEN-registered brokers WIKILIX holds with a clean regulation status, drawn from 64 FinCEN registrants in total. The other 22 clean-status firms scored below the ten shown, and the flagged registrants were left off regardless of score.