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Issue #248Subscribe free
Home/The broker desk
Desk file

The broker desk

The desk opens a file on a broking house when there is something on the public record to file: a register entry with a number on it, a change of entity, a regulator notice with a date attached. 20 houses are open at the moment, carrying 87 register lines between them. 3 of them carry at least one published notice or action alongside the register lines.

20files open
87register lines
1filing reasons
3with notices

The desk does not score, rank or recommend. Where a figure has not been read off a source, it is left as “not verified” and never estimated.

Filed under: multi-entity structure

20 houses

Each of these brands trades through more than one licensed company. The desk tracks them because the entity a client is onboarded to determines which register entry, and which protections, actually apply — and that entity is rarely the one named in the advertising.

  • est. 2017
    7 register lines7 jurisdictions3 top-tier

    ATFX

    Filed in London, United Kingdom; 7 legal entities across 7 jurisdictions. Register entries only; no published notice on the file.

  • est. 2010
    7 register lines7 jurisdictions1 top-tier

    HFM (formerly HotForex)

    Filed in Ebene, Mauritius; 7 legal entities across 7 jurisdictions. Register entries only; no published notice on the file.

  • est. 2009
    6 register lines6 jurisdictions2 top-tier

    Eightcap

    Filed in Melbourne, Australia; 6 legal entities across 6 jurisdictions. Register entries only; no published notice on the file.

  • est. 2007
    5 register lines5 jurisdictions2 top-tier

    Axi

    Filed in Sydney, Australia; 3 legal entities across 5 jurisdictions. Register entries only; no published notice on the file.

  • est. 2006
    5 register lines5 jurisdictions1 top-tier

    GO Markets

    Filed in Melbourne, Australia; 5 legal entities across 5 jurisdictions. Register entries only; no published notice on the file.

  • est. 2016
    5 register lines5 jurisdictions1 top-tier

    IUX (IUX Markets)

    Filed in Ebene Cybercity, Mauritius; 4 legal entities across 5 jurisdictions. Register entries only; no published notice on the file.

  • est. 2012
    5 register lines5 jurisdictions

    JustMarkets

    Filed in a head office the desk has not verified; 5 legal entities across 5 jurisdictions. Register entries only; no published notice on the file.

  • est. 1992
    5 register lines5 jurisdictions5 top-tier

    Saxo Bank

    Filed in Hellerup (Copenhagen), Denmark; 5 legal entities across 5 jurisdictions. Register entries only; no published notice on the file.

  • est. 1999
    4 register lines4 jurisdictions2 top-tier

    FXCM

    Filed in London, UK; 4 legal entities across 4 jurisdictions. Register entries only; no published notice on the file.

  • est. 1978
    4 register lines4 jurisdictions4 top-tier

    Interactive Brokers

    Filed in Greenwich, Connecticut, USA; 4 legal entities across 4 jurisdictions. Register entries only; no published notice on the file.

  • est. n/v
    4 register lines4 jurisdictions1 top-tier

    Moneta Markets

    Filed in a head office the desk has not verified; 4 legal entities across 4 jurisdictions. Register entries only; no published notice on the file.

  • est. 2010
    4 register lines4 jurisdictions2 top-tiernotice on file

    ThinkMarkets

    Filed in Melbourne, Australia; 4 legal entities across 4 jurisdictions. 1 published notice on the file alongside the register entries.

  • est. 2013
    4 register lines4 jurisdictions1 top-tier

    TMGM

    Filed in Sydney, Australia; 4 legal entities across 4 jurisdictions. Register entries only; no published notice on the file.

  • est. n/v
    4 register lines4 jurisdictions1 top-tiernotice on file

    VT Markets

    Filed in a head office the desk has not verified; 4 legal entities across 4 jurisdictions. 1 published notice on the file alongside the register entries.

  • est. 2001
    3 register lines3 jurisdictions1 top-tier

    Admirals (Admiral Markets)

    Filed in Tallinn, Estonia; 3 legal entities across 3 jurisdictions. Register entries only; no published notice on the file.

  • est. 2017
    3 register lines3 jurisdictions1 top-tier

    Fusion Markets

    Filed in Melbourne, Australia; 3 legal entities across 3 jurisdictions. Register entries only; no published notice on the file.

  • est. n/v
    3 register lines3 jurisdictions

    NordFX

    Filed in Rodney Bay, Gros-Islet, Saint Lucia (registered office); 3 legal entities across 3 jurisdictions. Register entries only; no published notice on the file.

  • est. 2011
    3 register lines3 jurisdictions

    Octa (formerly OctaFX)

    Filed in a head office the desk has not verified; 3 legal entities across 3 jurisdictions. Register entries only; no published notice on the file.

  • est. 2016
    3 register lines3 jurisdictions1 top-tier

    Ultima Markets

    Filed in Mauritius; 3 legal entities across 3 jurisdictions. Register entries only; no published notice on the file.

  • est. 2002
    3 register lines3 jurisdictions1 top-tiernotice on file

    XTB

    Filed in Warsaw, Poland; 3 legal entities across 3 jurisdictions. 1 published notice on the file alongside the register entries.

How the desk files a house

Every line on a house file traces to a register or a filing, and the source sits next to the line rather than in a footnote. Where a regulator has published something about a firm, the desk reports the publication and its date — the wording stays the regulator's, not ours.

Commercial figures are held to the same standard. A minimum deposit or a spread appears only where it was read off the firm's own published material; otherwise the field prints as not verified. That is why several files here look sparse. A sparse file is the honest one.

These are not reviews and they are not a “best broker” list. If you want the day's market copy instead, the brief index and the issue archive carry it.