FCA-Regulated Forex Brokers Are Declining — 31 Platforms to Avoid
As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Before the release of the SkyLine Guide 2025 Malaysia Rankings, WikiFX hosted an appreciation dinner for members of the evaluation panel. During the event, two prominent judges — Mr. Oma Ally, founder of BBMA, and Mr. Sir Arif, founder of FLP Academy — engaged in a thematic dialogue under the title “The Role of KOLs and Educators: Guiding Investors Through Uncertainty.”

Before the release of the SkyLine Guide 2025 Malaysia Rankings, WikiFX hosted an appreciation dinner for members of the evaluation panel. During the event, two prominent judges — Mr. Oma Ally, founder of BBMA, and Mr. Sir Arif, founder of FLP Academy — engaged in a thematic dialogue under the title “The Role of KOLs and Educators: Guiding Investors Through Uncertainty.”
The session aimed to provide insights from seasoned market educators, focusing on how investors can enhance decision-making, strengthen their industry knowledge, and navigate todays increasingly complex financial landscape.

How investors can make wiser decisions in today’s uncertain market, both in terms of the market itself and the brokers?
Mr. Sir Arif: For me, as a trader, I always look into the brokers before I invest in one, platforms like WikiFX are a big help, because many brokers appear professional but later deny withdrawals when traders make profits. Ive personally faced this situation several times. With WikiFX, we can filter out the bad brokers and focus on the good ones.
Mr. Oma Ally: Before entering the market, traders need to conduct thorough due diligence to verify a brokers legitimacy. WikiFX provides valuable support in this process by distinguishing between trustworthy and unqualified brokers. As Mr. Arif highlighted, the key for investors is to perform their own checks to ensure that withdrawals can be made without issue. From my experience, independent verification is essential — particularly when it comes to safeguarding profits during withdrawals.
Since both of you serve as judges for the Skyline Guide Evaluation Panel, how do you see the value this activity brings to investors and to the industry?
Mr. Sir Arif: The Skyline Guide plays a vital role in adding credibility to the industry. Recognition through structured evaluations makes influencers and educators more trustworthy, which in turn gives traders greater confidence in whom they choose to follow. Without initiatives like this, people may easily be misled by superficial displays of wealth that are not always genuine. This activity helps set a higher benchmark for integrity within the trading community. In the long run, it cultivates a healthier trading ecosystem.
Mr. Oma Ally: I‘ve been trading since the time when Malaysia didn’t even have the internet yet, witnessed Malaysia‘s trading landscape evolve over decades and saw the cultural differences. Malaysian traders often like to show off, but real success doesn’t always come with display. The successful people I‘ve seen don’t show off—they stay quiet. The Skyline Guide provides a valuable reminder that true credibility comes from consistency and integrity, not appearances. My advice to traders is to stay humble, help others, and build sustainable wealth together — and I believe initiatives like Skyline encourage exactly this mindset.
If you could give one piece of advice to your younger self when you just started, what would it be?
Mr. Sir Arif: I would say patience, and always educate yourself. Even now, I still attend classes with different gurus. I still join classes to see if I have any flaws and to improve. Keep educating yourself.
Mr. Oma Ally: My advice is simple: educate yourself first before you start anything. Education will make you better and better in the future.
About WikiFX SkyLine Guide
As a globally leading third-party forex information service platform, WikiFX has accumulated amounts of broker data and user reviews over its decade-long operation. Through in-depth research, we have found that forex investment environment varies significantly across different countries and regions. To meet the personalized needs of investors in different regions and promote the sustainable development of the forex industry, we have invited 100 highly influential local industry experts to form a judging panel in accordance with WikiFX global scoring system. Based on a series of strict criteria, the judges evaluate and select outstanding brokers in the region, forming the SkyLine Guide—the forex industrys first-ever localized broker selection guide.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.

BotBro is a Dubai-based forex broker that has continued to grab headlines for years, with its name being involved in one scam after another. In the latest episode, its name was found in the alleged INR 800 crore forex and crypto trading scam in Goa. Top-level agencies, including the Enforcement Directorate (ED), are investigating the case. They have labeled the platform as a Ponzi scheme. The platform is disguised as an AI-powered forex trading app. In connection with this case, the Goa Police Economic Offences Cell (EOC) filed a First Information Report (FIR) against 10 individuals, including the company owner, Lavish Chaudhary Alias Nawab Ali, for fund misappropriation worth over INR 7.3 crore. Read on as we share the BotBro review in this article.

In what would lift the mood of rupee derivative traders, the Reserve Bank of India (RBI) partially lifted some restrictions on rupee derivative trades imposed by the regulator on April 1, 2026. On this day, the central bank prevented banks from issuing non-deliverable forwards to clients and barred companies from reassessing forward contracts as part of its strategy to counter arbitrage trades, which caused fluctuations in the rupee’s exchange rate. The central bank further prevented banks from signing FX derivative contracts involving the rupee with their associated parties. Read on!

Overview: A comprehensive investigation into the alleged scam case involving forex broker SixFX (Six Global Markets Ltd) in Indonesia. Explore an exclusive interview with an Indonesian victim, WikiFX’s review, and the latest user complaint evidence from 2026.