We research who operates a broker, what its licences cover, how transparent its business is, and where important gaps or risks may exist. We then turn that research into broker profiles, ratings, comparisons, regulatory information, news, educational content, and monitoring tools.
This policy explains how we approach that work.
What Readers Can Expect From Us
Our goal is to publish information that is useful, understandable, and supported by evidence.
That means we try to:
- Check important claims against reliable sources
- Separate verified facts from broker claims and user opinions
- Explain uncertainty when the evidence is incomplete
- Keep commercial relationships separate from editorial decisions
- Correct material errors when they are identified
- Show when time-sensitive information was last reviewed
- Use clear language without hiding risk behind technical terms
Sometimes the evidence is clear. Sometimes it is not. When we cannot independently confirm an important claim, we should say so.
What We Cover
Wikilix publishes information about brokers, financial-service providers, trading platforms, proprietary trading firms, and financial regulators.
Our coverage includes:
- Broker profiles and reviews
- Licence and regulatory information
- Broker ratings and rankings
- Risk warnings and scam alerts
- Broker comparisons
- Wikilix Radar and monitoring signals
- Spread and trading-cost information
- Prop firm profiles
- Financial and regulatory news
- Trading education
- User reviews and complaints
Each type of content is handled differently. Verifying a licence requires official records. Reviewing trading conditions may require broker documents and platform information. Reporting a customer experience requires careful moderation and should not be confused with an independent finding by Wikilix.
How We Research a Broker
Our research usually begins with a basic question: who is actually operating this service?
A broker’s brand name, website, parent company, licensed entity, and customer agreement may all point to different organizations. A licence match is not just a name match.
For example, finding a licensed company with a similar name is not enough. We also look at whether the regulator lists the same legal entity, licence number, trading name, website, and permitted services. If those details do not match, we do not treat the licence as fully verified.
Depending on the broker and the information available, our research may include:
- Identifying the broker’s brand, website, legal entities, ownership, and related companies.
- Searching official regulator registers for the relevant company and licence.
- Comparing licence numbers, domains, trading names, jurisdictions, and authorized activities.
- Checking for official warnings, sanctions, restrictions, suspensions, or cancelled licences.
- Reading the broker’s client agreement, risk disclosure, fee schedule, withdrawal terms, and other legal documents.
- Reviewing account types, platforms, products, spreads, commissions, leverage, deposits, and customer-support information.
- Looking at relevant user feedback and recurring complaint patterns.
- Recording when important information was checked.
Some brokers disclose much more than others. When basic information about ownership, licensing, fees, or legal responsibility is difficult to find, that lack of transparency may affect our assessment.
The Sources We Use
We give the most weight to original and authoritative sources.
These include:
- Official financial-regulator registers
- Government and corporate records
- Court documents
- Regulatory warnings and enforcement notices
- Official company filings
- Broker terms and client agreements
- Official fee schedules and risk disclosures
- Statements published by the organization concerned
We may also use reputable financial publications, established news organizations, specialist databases, archived pages, and other reliable secondary sources.
Secondary sources are useful for context and for discovering issues that need further investigation. For serious claims involving regulation, identity, fraud, or enforcement, we look for an official or primary source whenever one is available.
If reliable sources disagree, we do not simply choose the version that supports a stronger headline. We may explain the conflict, ask for clarification, mark the information as unverified, or wait until better evidence becomes available.
Understanding Regulatory Status
A broker may operate through several companies in different countries. Those companies may not provide the same level of regulatory protection.
When reviewing a broker’s regulatory position, we look at:
- The licensed legal entity
- The licence or registration number
- The current status of the licence
- The activities covered by it
- Registered trading names
- Approved or listed domains
- The regulator and jurisdiction
- Restrictions that may apply
- Regulatory warnings or disciplinary history
- The date the record was checked
A broker described as regulated in one country may serve customers elsewhere through a different company. Users should always check which legal entity will hold their account and which terms will apply to them.
What Our Status Labels Mean
Wikilix uses short labels to make complex information easier to scan. These labels reflect the evidence available when the broker was assessed.
- Regulated
We found a relevant legal entity in an official regulatory register with an active or recognized status.
This does not automatically mean that every website, related company, product, or customer account is covered by that licence.
- Offshore
The broker or one of its entities is licensed or registered in a jurisdiction where oversight, enforcement, disclosure requirements, or client protection may be more limited.
Offshore does not automatically mean fraudulent, but it can change the level of protection available to customers.
- Unregulated
We could not identify an applicable financial-services authorization for the entity or activity reviewed.
This is an important risk factor, but it is not, on its own, proof of fraud.
- Suspicious Clone
Evidence suggests that a website or brand may be impersonating or falsely associating itself with an authorized company.
Before using this label, we look for meaningful evidence such as an official regulator warning, a domain mismatch, false company details, or another clear identity conflict.
- High Risk or Scam Warning
We use fraud-related language carefully.
A scam warning should be supported by strong evidence, such as an official warning, court decision, enforcement finding, confirmed impersonation, or a well-documented pattern of deceptive conduct.
A complaint can reveal a warning sign, but one complaint alone is not enough to prove that a broker is fraudulent. When the evidence raises concern but is not conclusive, we use more measured descriptions such as “high risk,” “reported concerns,” or “under review.”
How Ratings Work
Wikilix ratings are intended to make broker research easier and more consistent.
An assessment may consider:
- Regulatory quality
- Licence and domain verification
- Client-fund protections
- Company ownership and transparency
- Regulatory history
- Trading costs and conditions
- Platform and product information
- Operational history
- Complaint patterns
- Quality of public disclosures
- Relevant user feedback
- Strength and freshness of the available evidence
The amount and quality of available information matter. A broker with incomplete or contradictory records may receive a different assessment from one whose identity, regulation, ownership, and terms can be clearly verified.
Ratings can change. We may update a score when a licence changes, a domain is verified, new regulatory information appears, a significant complaint is resolved, an error is corrected, or our methodology improves.
A Wikilix rating is a research tool. It is not a guarantee that a broker is safe, suitable, solvent, or likely to treat every customer in the same way.
The full scoring framework is explained in our Broker Rating Methodology.
Live Data and Monitoring
Features such as Wikilix Radar may use automated systems to monitor changes in broker, domain, regulatory, or complaint data.
When a page says “Live” or “Updated now,” it may refer to the most recent system refresh. It does not always mean that a member of our team manually rechecked every underlying data point at that moment.
A detected change is a signal to investigate. It is not automatically a confirmed editorial finding.
Where it matters, we distinguish between:
- The latest system update
- The latest source check
- The latest licence verification
- The latest editorial review
User Reviews
User reviews can reveal details that do not appear in company documents, particularly around withdrawals, customer support, account restrictions, platform performance, and dispute handling.
They are also personal accounts. They may be incomplete, disputed, mistaken, promotional, or deliberately manipulated.
We may use manual and automated checks to identify:
- Duplicate or fabricated reviews
- Spam and promotional submissions
- Reviews submitted by a broker about itself
- Coordinated attempts to change a rating
- Reviews targeting a competitor
- Impersonation
- Abusive or irrelevant content
- Unnecessary personal information
Publishing a review does not mean that Wikilix has confirmed every statement it contains.
Verified Reviews
A “Verified Review” label means that the submission passed the authenticity checks required by our review process.
Those checks may consider account information, supporting documents, email verification, submission patterns, or other relevant signals.
The label relates to the authenticity checks performed on the submission. It does not mean that every claim made by the reviewer has been independently proven.
Brokers may respond to reviews and provide relevant evidence. When a complaint is resolved or new evidence changes our understanding, we may update its status.
News and Educational Content
Our news coverage focuses on developments that may affect brokers, regulators, financial services, and traders.
We take care to distinguish between an allegation, an investigation, a provisional decision, a final regulatory action, and a court finding. Headlines should reflect what the underlying evidence actually establishes.
Educational articles are written to make financial topics easier to understand. They may explain broker practices, trading costs, regulation, platform features, risk, or common warning signs.
Educational content is general information. It should not be read as a promise of profit or as personal financial, legal, or investment advice.
When a regulatory rule, product, or market condition changes, we may revisit related content and update it.
Authors and Reviewers
Wikilix content may involve researchers, writers, editors, data specialists, translators, and subject-matter reviewers.
Where appropriate, a page identifies its author, publication date, latest update, and reviewer.
Some content is published under “Wikilix Editorial Team” because several people or systems contributed to the research, writing, editing, or data preparation. For important financial and regulatory content, there should still be a clear person or team responsible for the final publication.
Author and reviewer profiles should describe real roles, relevant experience, and areas of knowledge. We do not use invented credentials or exaggerated expertise.
Use of AI and Automation
Wikilix may use artificial intelligence and automated tools to help organize data, monitor public information, prepare translations, summarize material, improve readability, detect spam, and identify records that may need attention.
These tools are useful, but they are not treated as authorities. They can miss context, repeat outdated information, or connect the wrong company, licence, brand, and domain.
Important claims about regulation, enforcement, broker identity, clone activity, or serious consumer harm must be supported by appropriate evidence. AI output alone is not enough.
Wikilix remains responsible for the content published on its platform, including content prepared with technological assistance.
Editorial Independence
Wikilix may earn revenue through advertising, affiliate links, partnerships, sponsored placements, data services, or other commercial activities.
Those relationships must not determine our editorial conclusions.
Our standards are straightforward:
- A broker cannot buy a positive review.
- Payment does not guarantee a higher score.
- Substantiated criticism cannot be removed in exchange for money.
- Correcting a genuine error does not require a commercial agreement.
- Sponsored content must be identified.
- Relevant commercial links must be disclosed.
- Refusing a partnership does not count against a broker.
If a contributor has a personal, professional, or financial relationship that could affect their independence, that conflict should be disclosed and managed. When it cannot be managed properly, the contributor should not take part in the assessment.
More information is available in our Commercial Disclosure.
Corrections and Broker Responses
Accuracy does not end when a page is published.
Readers, brokers, regulators, and other organizations can contact us to report an error, provide an updated official record, clarify a material statement, or respond to a serious claim.
We review new information according to the quality of the evidence, not according to whether the sender is a customer, partner, advertiser, or broker.
When credible evidence changes the facts, we may:
- Correct the page
- Update a licence or entity record
- Recalculate a score
- Change a status or risk label
- Add an editor’s note
- Mark an issue as under review
- Record a significant change
We do not normally remove accurate and relevant information simply because it is unfavorable.
To request a correction, email [email protected] with:
- The URL of the page
- The information you believe is incorrect
- The correction you are requesting
- An official or reliable supporting source
- Your connection to the subject, if relevant
Further details are available in our Corrections Policy.
A Final Note on Financial Risk
Being listed, rated, or reviewed by Wikilix is not an endorsement.
No rating or regulatory label can guarantee the safety of funds, successful withdrawals, fair execution, future compliance, or investment performance.
Trading and investing involve risk, including the possible loss of capital. Before opening an account or depositing money, users should confirm important information directly with the relevant broker, legal entity, and regulator.
Contact Us
Questions about this policy, possible errors, or supporting documents can be sent to:
General enquiries: [email protected]
Support: [email protected]
Contact page: wikilix.com/en/contact