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How to verify a broker’s license number?

To verify a broker’s license, traders should go directly to the regulator’s official register. For example, FCA, ASIC, NFA, and CySEC all have searchable online databases. Entering the broker’s name or license number confirms whether the license is valid and shows the registered entity. Traders should check that the legal entity matches the broker’s trading name, as scams often use clone licenses. Verifying a license helps avoid fraud and ensures the broker is authorized to operate legally. It is a vital step before depositing funds.