Broker Safety Checklist: 10 Checks Before You Fund (2026)

Broker safety · The desk checklist

Before you deposit a penny, run this checklist. Ten quick checks that catch most of the problems traders run into, in the order the desk does them.

Updated 11 June 2026Reviewed by the KenMacro deskRoute Checked method ›
This page is for due diligence, not an accusation. The desk does not call any broker a scam without authoritative evidence. Always verify the live entity and terms with the broker and the regulator before you act.

The desk’s pre-deposit safety checklist

  • Confirm the entity is licensed on the regulator’s official register
  • Know which entity you are onboarded to for your country
  • Check whether it is a top-tier (FCA, ASIC) or offshore regulator
  • Confirm client funds are held in segregated accounts
  • Read the withdrawal terms and methods before depositing
  • Check the real all-in cost, spread plus commission
  • Confirm the platform you need (MT4, MT5, TradingView) is available
  • Read any bonus terms in full, or skip the bonus
  • Start with a small deposit and test a withdrawal early
  • Run the broker through the Broker Safety Checker

Use the tools, not just the checklist

The checklist is the manual version. The Broker Safety Checker and the Broker Finder do the structured version for your country and platform, and the desk’s Route Checked pages show what was assessed for each broker.

FAQ

How do I know a broker is safe before depositing?

Verify the licence on the regulator register, confirm segregated funds, read the withdrawal terms, start small, and test a withdrawal early. Run the full checklist above.

What is the most important broker safety check?

Confirming the specific entity you open with is licensed by a regulator you can verify. Everything else follows from that.

Disclosure and risk: the desk earns a commission if you open an account with Blueberry, VT Markets or Star Trader, at no cost to you, this never changes the watch-outs we publish. Nothing here is a guarantee, an accusation or financial advice. Trading carries risk and you can lose more than your deposit. How the desk checks brokers ›