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 Elite Club Focus is a monthly publication specially created by the WikiFX Club for its members. It highlights the key individuals, perspectives, and actions that are truly driving the forex industry toward greater transparency, professionalism, and sustainable development.

WikiFX Elite Club Focus is a monthly publication specially created by the WikiFX Club for its members. It highlights the key individuals, perspectives, and actions that are truly driving the forex industry toward greater transparency, professionalism, and sustainable development.
In each issue, we focus on a core industry topic and engage in in-depth conversations with Elite Club members—capturing authentic thinking and presenting practical experience that can be verified.
For this edition, under the theme “Making Trust Visible,” we interviewed Mr. Lance, a member of the Elite Committee of the WikiFX Elite Club and the Founder of Brightwave Solution.
Lance:
I am the head of Brightwave Solution (BWS) and have been working in the forex industry for many years, focusing primarily on trading education, IB team development, and client account management. My clients mainly come from Malaysia, Singapore, Hong Kong, and Indonesia.
Whether in education, client service, or team management, I adhere to one core objective: helping traders build the right trading mindset through professionalism, so they can avoid unnecessary detours.
Lance:
I always emphasize one key point: trading is not gambling, and every market involves risk. Before discussing profits, I make sure to teach risk management and stop-loss discipline first.
I also firmly adhere to never promising returns, but instead use real cases to show that long-term stability is far more important than short-term windfalls.
Lance:
In the forex industry, trust comes from transparent communication, professional capability, and long-term, stable service—not from short-term packaging or marketing.
Lance:
The biggest challenge lies in the chaotic market environment. Fake profits and exaggerated performance claims have flooded the market for a long time, making investors extremely sensitive.
As a result, those who are truly professional and willing to take long-term responsibility are often the ones most easily doubted.
Lance:
Because what they are most exposed to are profit screenshots and marketing content, while truly critical information—such as risk control data and long-term performance statistics—is rarely made public.
Lance:
I always adhere to not promising returns, teaching risk control before trading, and using discipline instead of emotional decision-making.
Lance:
I hope for a market that is regulatorily transparent, information-open, and education-oriented, enabling traders to participate more rationally.
Lance:
I believe WikiFX provides traders with an important platform for inquiry and verification, significantly reducing the risk of being deceived by fraudulent brokers.
The value of the Elite Club lies in making visible and recognizing those who are truly committed to long-term, responsible industry development.
Lance:
By publicly disclosing regulatory information and user reviews, WikiFX helps make the industry more transparent and more standardized, which is a long-term positive contribution to the entire market.
Lance:
Because the industry has long been dominated by high-return marketing, where real data and risks are deliberately downplayed—eventually leading investors to distrust everyone.
Lance:
I believe trust is built on facts, data, and the accumulation of long-term actions, not on rhetoric or short-term performance.
Lance:
I choose to publicly disclose real equity curves, rather than just posting profit screenshots. Equity curves grow gradually and cannot be fabricated, making them far more convincing than any promotion.
Lance:
I want them to understand that those truly worthy of trust will never guarantee profits, but are willing to take long-term responsibility and accept verification.
Lance:
Through consistent, professional content output, long-term public disclosure of real data, transparent rules, and a responsible attitude—even when clients incur losses.
Because to me, screenshots can be faked, but equity curves cannot lie.
The WikiFX Elite Club is one of the most influential high-end communities in the global forex industry. It brings together industry professionals with strong expertise and influence who uphold principles of integrity and compliance.
The Elite Club is dedicated to breaking regional and informational barriers, promoting safer and more transparent global trading environments, and advocating responsible industry development. Through thought leadership, market insight, and cross-border collaboration, the WikiFX Elite Club shoulders its industry responsibility—helping build a secure, transparent, and sustainable global trading environment, and fostering 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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