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.
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Abstract:WikiFX is launching the "Safe Trade with WikiFX" exclusive interview series, featuring members of the WikiFX Elite Club. This series delivers in-depth industry insights on trading safety, the establishment of industry standards, and regional market dynamics, aiming to foster deeper understanding of local markets and jointly advance transparency across the industry.

WikiFX is launching the “Safe Trade with WikiFX” exclusive interview series, featuring members of the WikiFX Elite Club. This series delivers in-depth industry insights on trading safety, the establishment of industry standards, and regional market dynamics, aiming to foster deeper understanding of local markets and jointly advance transparency across the industry.
For this edition, WikiFX invites renowned Indonesian professional Kenwilboy (real name: Kenneth William) to share his professional perspectives and firsthand observations. Kenwilboy is one of Indonesia's most prominent young figures in the global trading industry. He is the founder of Fortuno Markets, a multi-asset brokerage serving traders across multiple regions.
Q1: What do you perceive as the most prominent trading risks in the current global forex market?
A: In 2026, the most prominent trading risks are no longer just about market volatility; they have shifted toward cybersecurity threats (such as account hijacking via sophisticated phishing) and platform transparency. With the global economy facing “sticky inflation” and diverging central bank policies, the risk of “black swan” events remains high, making slippage and liquidity gaps significant concerns for retail traders.
Q2: From an industry perspective, how can a safer and more reliable trading environment be established to increase investor trust?
A: To establish a safer environment and increase trust, the industry must:
Mandate Third-Party Verification: Brokers should be encouraged to integrate with independent monitoring platforms (like WikiFX) that provide real-time data on slippage, spreads, and execution speeds.
Standardize Security Protocols: Implementing multi-factor authentication (MFA) and biometric verification as an industry standard rather than an option.
Enhance “Protection Funds”: Establishing more robust investor compensation schemes at the broker or regional level to protect capital against insolvency.
Conveying Risk Awareness to Ordinary Investors: As a KOL, my approach is centered on “Demystifying the Mirage”. Many ordinary investors enter the market expecting 100% win rates. I focus on:
Q3: In your opinion, what new opportunities and cooperation possibilities will WikiEXPO bring to the financial industry professionals by continuing to hold large-scale fintech exhibitions?
A: WikiEXPO has evolved into more than just a trade show; it is now a fintech bridge. For 2026, I see several key opportunities:
Regulatory Matchmaking: Large-scale exhibitions like the upcoming Wiki Finance Expo Hong Kong (July 2026) provide a rare neutral ground where regulators can meet with decentralized finance (DeFi) and AI developers to discuss compliance-by-design.
Global Networking: These events allow local IBs to connect with global liquidity providers, reducing the “middleman” layers and ultimately lowering costs for the end investor.
Technology Showcasing: It gives ordinary investors a chance to see the “engine” behind the brokers—testing the latest AI tools and security protocols in person before committing capital.
Q4: What role do you believe WikiFX and the Elite Club play in the development of the forex market?
A: WikiFX serves as the “Global Regulator of Truth” for the forex market. By providing a database of over 70,000 brokers, it fills the information gap that often leads to fraud. The Elite Club acts as a high-level incubator, where top-tier professionals can share “street-smart” insights that aren't found in textbooks, fostering a culture of professional excellence that trickles down to the average trader.
Q5: How do you view WikiFX's consistent focus on the specific niche of forex security?
A: Focusing on the niche of “forex security” was a visionary move. In a market where marketing spend often outweighs technical merit, WikiFXs consistent focus on broker transparency and safety scores has become the industry's “FICO score” (Fair Isaac Corporation Credit Score, the most widely used and authoritative personal credit scoring system in the United States). It forces brokers to prioritize their reputation and security infrastructure to maintain a high ranking.
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About WikiFX Elite Club
The WikiFX Elite Club is a premier, influential community within the global forex sector. It brings together industry professionals with demonstrated expertise, influence, and an unwavering commitment to integrity and compliance. The Club is dedicated to breaking down regional and information barriers, advocating for a safer, more transparent global trading environment, and promoting responsible industry practices. Through thought leadership, market intelligence, and cross-border cooperation, the WikiFX Elite Club is committed to fostering a secure, transparent, and sustainable global trading environment for a healthier, more open, and dynamic forex ecosystem.

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.

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