Regulatory tier distribution
65Tier 1
6Tier 2
2Tier 3
30Core profiles
73Current relationships
14Regulators
100.0%Evidence URL coverage
External-link reachability sample
66Reachable
10Restricted or rate-limited
3Blocking at snapshot
Regulatory relationship distribution
What changed since the August issue
This is the second snapshot of the same 30 core profiles (13 October 2026). The biggest change is where the evidence points: in August, 19 of 69 licence relationships linked straight to a regulator register; in this issue, 48 of 73 do. Click a link in the CSV and you will usually land on the regulator's own register page rather than a firm's legal document.
The shift is the result of FXCN re-checking each licence in October, not a sign that brokers became more transparent. The four added relationships and one rename are listed below so you can see whether the entity you signed with changed.
1. The two issues side by side FXCN calculation
| Measure | 30 Aug 2026 | 13 Oct 2026 | How to read it |
|---|---|---|---|
| Active licence relationships | 69 | 73 | Four added, one renamed |
| Regulators covered | 12 | 14 | Kenya's CMA and the Seychelles FSA added |
| Evidence linking straight to a register | 19 | 48 | 25 moved from firm documents to registers; all four additions use registers |
| Relationships re-checked for this issue | — | 39 | The other 34 still carry a 30 August check date |
| Brands with two or more legal entities | 22 / 30 | 24 / 30 | The entity you sign with decides which rules apply |
2. Added and renamed relationships
| Brand | Regulator · identifier | Legal entity | Change |
|---|---|---|---|
| IG | NFA · 0509630 | TASTYFX LLC | Same ID; previously registered as IG US LLC (rename) |
| City Index | FCA · 113942 | Gain Capital UK Limited | Added |
| Equiti | CMA (Kenya) · 107 | EGM Securities Limited (FX Pesa) | Added |
| Equiti | FSA (Seychelles) · SD031 | Equiti Brokerage (Seychelles) Ltd | Added; offshore entity |
| FBS | CySEC · 331/17 | Tradestone Ltd | Added |
3. Checking one broker with the CSV
- Download the relationship CSV.Each row is one licence relationship.
- Filter the
brokercolumn.Note eachlegal_entityand itsregulator. - Match the entity in your client agreement.If it is missing, it is not among these 73 active relationships; check it separately with the licence check.
- Open
evidence_url, or search the register withidentifier.identifier_typetells you whether it is a licence number, FCA FRN, company number or NFA ID.
4. Three cautions
- The comparison is of FXCN's records.An added relationship is one we added, not a licence the firm just received.
- Two links still need replacing.FXCM's FCA evidence currently points to the FCA clone-firm warning page and City Index's ASIC evidence to a brand marketing page; for these two, go to the register directly.
- Reachability scope changed.All 79 links were checked from the server this time: 66 reachable, 10 restricted or rate-limited, 3 failed to connect. August sampled ranks 11–30 only, so the figures are not comparable.
How to interpret the numbers
Forty-eight evidence links now point straight to a regulator register, against 19 in the 30 August issue. The change comes from FXCN re-verifying each licence in October and replacing firm documents with register entries; it does not mean brokers or the market became more transparent.
All four added relationships can be found on a regulator register: the FCA authorisation of Gain Capital UK (City Index), Equiti’s licences from Kenya’s CMA and the Seychelles FSA, and FBS’s CySEC licence. IG’s US NFA ID 0509630 is unchanged while the registered entity name moved from IG US LLC to TASTYFX LLC; that is a rename, not a lost licence.
Method
The study keeps the August cohort (D28 publish-gate ranks 1–30), joins it by slug to the 2026-10-13 production evidence snapshot and counts only active relationships. Each relationship is then matched to the 30 August public dataset on brand, regulator, identifier and legal entity to list additions, removals and field changes. External reachability was checked server-side for all 79 links of the 30 profiles.
Limitations
- Two snapshots describe changes in FXCN’s records, not a market trend.
- Active describes the FXCN record at the cutoff and still requires an official-register check.
- One FXCM FCA evidence link currently points to the FCA clone-firm warning page rather than a register entry, and the City Index ASIC link points to a brand marketing page; both are due for replacement.
- Reachability covered ranks 1–30 this time against ranks 11–30 in August, so the two figures are not directly comparable.
Download reproducible data
Suggested citation: FXCN, “FXCN Regulatory Evidence Monitor: October 2026”, 2026-10-13.
