For people about to make a first deposit
Pick your country and the broker. In one screen: does it accept you, which legal company would hold your account, what protection that company really carries, what your own regulator says about the platform, and the minimum that is actually viable on your payment rails. We don't take money from brokers.
Facts checked on October 22, 2026
Two questions decide whether a deposit is protected: where do you live, and which broker is asking for the money? The same logo means a compensated European entity for one beginner and an offshore shell with no compensation fund for another. This check computes your pair from the dated dataset below — never from the broker's advertising.
The receipt
Exness pays affiliates up to $1,850 per funded account; XM pays up to $1,000 per client or 60% revenue share; Plus500 up to $800 per qualified trader. Every "best broker" list you have read is priced from those numbers. A list that earns per deposit cannot tell you not to deposit — ours can, because the Kit is the only thing we sell.
The pair nobody computes
Broker checkers rate the brand, globally. But protection is decided by the pair: an EU client of one big brand sits in a CySEC entity with a €20,000 compensation scheme; a Nigerian client of the same brand sits in a Seychelles entity with none. Same logo. Different deposit.
Your regulator's word
India's central bank names platforms — including two of the most advertised brands on earth — as unauthorised for residents. Brazil's regulator acted against a broker affiliates rank #1 there. We turn those raw lists into a per-country verdict, cited and dated.
The free check gives you the verdict for one country and one broker. The Deposit Safety Kit gives you the complete walkthroughs: how to verify the entity in the broker's own legal footer, where on your regulator's site the register and the warning lists live, how to read a compensation scheme, and the first-withdrawal test protocol — deposit small, withdraw first, then decide.
Included in the $39 Deposit Safety Kit
The brand is marketing. The legal company named in the account agreement — and its regulator — is what decides whether a compensation scheme, an ombudsman, or a segregation rule stands behind your money. Every verdict on this site names that entity.
$1, $5, $10 minimums are conversion hooks. At normal beginner lot sizes, an account under about $200 is decided by costs and one losing streak — we print the viable minimum for your country and your rails instead.
Whatever the verdict, the first real test of any platform is a small deposit followed by a full withdrawal. If the withdrawal is slow, fee-heavy or "verified" forever, you have your answer at the cheapest possible price.
When your own central bank or securities regulator names a platform, that published fact beats every star rating. We cite the list and the date — and we never call a broker a scam in our own voice, because a verdict you can check is worth more than a label.
Start here
Should you start at all, and with how much? The minimum viable capital of every beginner market, computed — and the verdict is allowed to be "wait." startorwait.com
The challenge door
About to buy a prop firm challenge? The expected cost to your first payout and whether your style is even allowed — computed before you pay. challengeodds.com
This site
About to deposit with a broker? Your country × the broker: who holds the money, what protects it, and what your own regulator says.
SEC Nigeria and the Central Bank of Nigeria…
Nigeria has no local licence for offshore retail forex platforms. SEC Nigeria licenses local capital-market operators and has repeatedly warned residents against unregist…
the Reserve Bank of India (RBI) and SEBI…
Under FEMA, Indian residents may trade currency only in INR pairs on SEBI-authorised exchanges (NSE, BSE, MCX). Offshore forex and CFD platforms are not authorised for re…
the Securities and Exchange Commission (SEC …
SEC Philippines registers local securities brokers and publishes advisories naming unregistered platforms soliciting Filipinos. Offshore forex/CFD platforms are not SEC-r…
the Comissão de Valores Mobiliários (CVM)…
Platforms may only publicly offer trading services in Brazil with CVM authorisation. CVM publishes declaratory acts (atos declaratórios) naming companies soliciting Brazi…
the Financial Sector Conduct Authority (FSCA…
South Africa has a real local regime: brokers serving South Africans should hold an FSCA FSP licence, and the register is public. Some global brands hold a genuine FSCA l…
the State Bank of Pakistan (SBP) and the SEC…
Pakistan's published position: residents may trade forex only through authorised channels — the Pakistan Mercantile Exchange (PMEX), regulated by the SECP, and authorised…
Sources: the brokers' own legal and entity pages as published on the check date; the Reserve Bank of India Alert List; the UK Financial Conduct Authority Register and Warning List; the Australian Securities and Investments Commission registers; Bappebti (Indonesia) licensed and blocked lists; CVM (Brazil) declaratory acts; the FSCA (South Africa) FSP register; the Capital Markets Authority (Kenya) licensee list; the Securities and Exchange Commission (Philippines) advisory list; SECP/PMEX (Pakistan) membership; SEC Nigeria and Central Bank of Nigeria publications. Affiliate bounty figures from the programs' own published terms (Exness, XM, Plus500, eToro affiliate pages). If a fact has moved since our check date, the regulator's or broker's own publication wins — and write to help@doogex.com so we can correct ours.