[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"market-strip-rates":3,"broker:meridian-fx":35,"brokers-all-review":84},[4,12,19,27],{"code":5,"label":6,"bid":7,"ask":8,"day_low":9,"day_high":10,"precision":11},"EURUSD","EUR\u002FUSD",1.08421,1.08434,1.0812,1.0921,5,{"code":13,"label":14,"bid":15,"ask":16,"day_low":17,"day_high":18,"precision":11},"GBPUSD","GBP\u002FUSD",1.27142,1.27158,1.2668,1.2784,{"code":20,"label":21,"bid":22,"ask":23,"day_low":24,"day_high":25,"precision":26},"USDJPY","USD\u002FJPY",155.182,155.201,154.61,155.74,3,{"code":28,"label":29,"bid":30,"ask":31,"day_low":32,"day_high":33,"precision":34},"XAUUSD","XAU\u002FUSD",2380.42,2380.88,2361.1,2394.6,2,{"slug":36,"name":37,"logo_url":38,"founded_year":39,"headquarters":40,"regulation_tier":41,"regulators":42,"eurusd_spread_pips":45,"spread_range":46,"min_deposit_usd":49,"max_leverage":50,"execution_model":51,"platforms":52,"score":56,"summary":57,"pros":58,"cons":62,"trust_factors":65,"review_body":82,"reviewed_at":83},"meridian-fx","Meridian FX",null,2009,"London, UK","tier1",[43,44],"FCA","ASIC",0.6,[47,48],0.4,1.1,100,"1:30 (retail) \u002F 1:500 (pro)","ECN",[53,54,55],"MT4","MT5","cTrader",91,"Dual Tier-1 licensing, raw ECN spreads, and a leverage cap that actually follows the regulator's retail rules.",[59,60,61],"Regulated by two Tier-1 authorities (FCA and ASIC)","Raw ECN pricing with disclosed per-lot commission","Segregated client funds and negative balance protection",[63,64],"Commission is charged on top of the raw spread","No proprietary mobile platform — MT4\u002FMT5\u002FcTrader only",[66,70,74,78],{"key":67,"label":68,"note":69},"regulation","Tier-1 regulation","FCA (UK) and ASIC (Australia) both license the entity operating this brand.",{"key":71,"label":72,"note":73},"segregation","Segregated funds","Client deposits are held in segregated bank accounts, separate from operating capital.",{"key":75,"label":76,"note":77},"negative-balance","Negative balance protection","Retail accounts cannot lose more than their deposited balance.",{"key":79,"label":80,"note":81},"leverage-cap","Retail leverage cap honoured","Caps retail leverage at 1:30 in line with FCA\u002FESMA rules; higher leverage is professional-only.","\u003Cp>Meridian FX is one of the few brokers in this sample set carrying two Tier-1 licenses at once, which is the single strongest signal we look for before anything else. Its ECN model means the spread you see is the raw interbank spread plus a disclosed commission — no markup hidden inside a wider spread.\u003C\u002Fp>\u003Cp>The tradeoff is cost transparency over headline price: the advertised spread looks tighter on paper at some offshore competitors, but once you add their hidden markups the real cost is usually higher than Meridian's commission-inclusive total.\u003C\u002Fp>","2026-06-18",[85,96,132,164,197,225,252,288],{"slug":36,"name":37,"logo_url":38,"founded_year":39,"headquarters":40,"regulation_tier":41,"regulators":86,"eurusd_spread_pips":45,"spread_range":87,"min_deposit_usd":49,"max_leverage":50,"execution_model":51,"platforms":88,"score":56,"summary":57,"pros":89,"cons":90,"trust_factors":91,"reviewed_at":83},[43,44],[47,48],[53,54,55],[59,60,61],[63,64],[92,93,94,95],{"key":67,"label":68,"note":69},{"key":71,"label":72,"note":73},{"key":75,"label":76,"note":77},{"key":79,"label":80,"note":81},{"slug":97,"name":98,"logo_url":38,"founded_year":99,"headquarters":100,"regulation_tier":41,"regulators":101,"eurusd_spread_pips":103,"spread_range":104,"min_deposit_usd":107,"max_leverage":108,"execution_model":109,"platforms":110,"score":111,"summary":112,"pros":113,"cons":117,"trust_factors":120,"reviewed_at":131},"northbridge-markets","Northbridge Markets",2013,"Limassol, Cyprus",[102,43],"CySEC",0.8,[105,106],0.5,1.4,200,"1:30 (retail)","STP",[53,54],87,"An EU-regulated STP broker with a straightforward fee schedule and a long, uneventful track record.",[114,115,116],"CySEC + FCA dual regulation, both Tier-1","Investor compensation scheme coverage (ICF)","No history of platform outages or withdrawal disputes in our checks",[118,119],"Higher minimum deposit than most peers here","Limited platform choice (no cTrader or proprietary app)",[121,123,127,129],{"key":67,"label":68,"note":122},"CySEC (Cyprus, EU passported) and FCA (UK) both license the entity.",{"key":124,"label":125,"note":126},"compensation-scheme","Investor compensation scheme","Covered by CySEC's ICF, which protects a portion of client funds if the firm fails.",{"key":71,"label":72,"note":128},"Client money is held apart from company funds, as EU rules require.",{"key":79,"label":80,"note":130},"Sticks to the ESMA-aligned 1:30 retail cap with no \"offshore entity\" leverage workaround.","2026-06-11",{"slug":133,"name":134,"logo_url":38,"founded_year":135,"headquarters":136,"regulation_tier":41,"regulators":137,"eurusd_spread_pips":47,"spread_range":138,"min_deposit_usd":141,"max_leverage":108,"execution_model":51,"platforms":142,"score":143,"summary":144,"pros":145,"cons":149,"trust_factors":152,"reviewed_at":163},"vantis-prime","Vantis Prime",2016,"Sydney, Australia",[44,43],[139,140],0.2,0.9,500,[54,55],89,"The tightest sample spread on this desk, paired with dual Tier-1 regulation — at the cost of a $500 entry point.",[146,147,148],"Tightest typical EUR\u002FUSD spread in this sample set","ASIC + FCA regulation with disclosed execution model","cTrader available for traders who want full depth-of-book visibility",[150,151],"Highest minimum deposit among the Tier-1 names here","No MT4 support",[153,155,159,161],{"key":67,"label":68,"note":154},"ASIC (Australia) and FCA (UK) both license the entity operating this brand.",{"key":156,"label":157,"note":158},"execution-disclosure","Execution model disclosed","Publishes its ECN routing and average execution speed rather than calling itself \"no-dealing-desk\" without detail.",{"key":71,"label":72,"note":160},"Client deposits are held separately from company operating capital.",{"key":75,"label":76,"note":162},"Retail accounts are protected from owing more than their balance.","2026-06-22",{"slug":165,"name":166,"logo_url":38,"founded_year":167,"headquarters":168,"regulation_tier":169,"regulators":170,"eurusd_spread_pips":48,"spread_range":172,"min_deposit_usd":174,"max_leverage":175,"execution_model":109,"platforms":176,"score":177,"summary":178,"pros":179,"cons":183,"trust_factors":187,"reviewed_at":196},"solace-capital-markets","Solace Capital Markets",2018,"Johannesburg, South Africa","tier2",[171],"FSCA",[103,173],1.9,50,"1:500",[53,54],74,"A genuinely regulated mid-tier broker — solid oversight, but a materially wider spread and much higher leverage ceiling than the Tier-1 names above.",[180,181,182],"Real regulatory oversight (FSCA), not a shell license","Low $50 minimum deposit","STP execution model, disclosed",[184,185,186],"1:500 leverage is high enough to amplify losses quickly for undisciplined traders","No Tier-1 (FCA\u002FASIC\u002FCySEC-class) licence yet","Spread is noticeably wider than the Tier-1 group",[188,191,193],{"key":67,"label":189,"note":190},"Tier-2 regulation","Licensed by the FSCA (South Africa) — a real regulator, but not yet in the FCA\u002FASIC\u002FCySEC Tier-1 bracket our methodology weights highest.",{"key":71,"label":72,"note":192},"States client funds are held in segregated accounts; unlike Tier-1 peers, this is not independently audited in the public record we reviewed.",{"key":79,"label":194,"note":195},"High leverage ceiling","1:500 is well above the Tier-1 retail cap of 1:30 — higher potential reward, but materially higher risk of fast losses.","2026-05-30",{"slug":198,"name":199,"logo_url":38,"founded_year":200,"headquarters":201,"regulation_tier":41,"regulators":202,"eurusd_spread_pips":203,"spread_range":204,"min_deposit_usd":206,"max_leverage":108,"execution_model":51,"platforms":207,"score":208,"summary":209,"pros":210,"cons":214,"trust_factors":217,"reviewed_at":224},"ridgeline-capital","Ridgeline Capital",2011,"Edinburgh, UK",[43],0.7,[105,205],1.2,250,[53,54,55],85,"A single-jurisdiction FCA broker — narrower regulatory footprint than the dual-licensed names, but a clean record and transparent ECN pricing.",[211,212,213],"FCA regulated with a clean public enforcement record","Transparent ECN pricing with itemised commission","Full platform choice (MT4\u002FMT5\u002FcTrader)",[215,216],"Single-regulator footprint (FCA only) vs. dual-licensed peers here","No non-UK entity for traders needing local regulatory coverage",[218,220,222],{"key":67,"label":68,"note":219},"FCA (UK) licensed; a single Tier-1 jurisdiction rather than the dual coverage some peers carry.",{"key":71,"label":72,"note":221},"Client deposits are ring-fenced from company funds, an FCA requirement.",{"key":156,"label":157,"note":223},"Publishes its ECN routing and commission schedule up front.","2026-06-04",{"slug":226,"name":227,"logo_url":38,"founded_year":228,"headquarters":229,"regulation_tier":169,"regulators":230,"eurusd_spread_pips":232,"spread_range":233,"min_deposit_usd":49,"max_leverage":235,"execution_model":109,"platforms":236,"score":237,"summary":238,"pros":239,"cons":242,"trust_factors":246,"reviewed_at":251},"amberlyn-markets","Amberlyn Markets",2015,"Port Louis, Mauritius",[231],"FSC Mauritius",1.3,[140,234],2.1,"1:400",[53,54],68,"A licensed but lightly-supervised jurisdiction, wider spreads, and a leverage ceiling most Tier-1 regulators would not permit for retail clients.",[240,241],"Holds a real (if lighter-touch) regulatory license","Wide range of tradable instruments",[243,244,245],"FSC Mauritius has materially lighter capital and conduct requirements than FCA\u002FASIC\u002FCySEC","1:400 leverage on retail accounts is a real risk amplifier","Widest typical spread among the regulated (non-offshore) names in this sample",[247,249],{"key":67,"label":189,"note":248},"Licensed by the FSC (Mauritius) — real registration, but with lighter capital-adequacy and conduct rules than a Tier-1 regulator.",{"key":79,"label":194,"note":250},"1:400 for retail accounts is far above what Tier-1 regulators permit outside a professional-client classification.","2026-05-14",{"slug":253,"name":254,"logo_url":38,"founded_year":255,"headquarters":256,"regulation_tier":257,"regulators":258,"eurusd_spread_pips":260,"spread_range":261,"min_deposit_usd":263,"max_leverage":264,"execution_model":265,"platforms":266,"score":267,"summary":268,"pros":269,"cons":272,"trust_factors":277,"reviewed_at":287},"corsair-fx","Corsair FX",2020,"Kingstown, St. Vincent & the Grenadines","offshore",[259],"SVG FSA (registration only, not a trading licence)",1.8,[205,262],3.4,10,"1:2000","MM",[53],42,"Business registration in an offshore jurisdiction, not genuine financial regulation — extreme leverage and a dealing-desk model with no disclosed conflict-of-interest policy.",[270,271],"Very low $10 minimum deposit","No documentation friction to open an account",[273,274,275,276],"SVG FSA registration is a business registry, not a financial regulator — no capital, conduct or client-money rules apply","1:2000 leverage can wipe an account on a routine market move","Market maker (MM) model with no disclosed policy on trading against client positions","No negative balance protection guarantee found in the public terms",[278,281,284],{"key":67,"label":279,"note":280},"Offshore \u002F registration only","St. Vincent & the Grenadines' FSA is a business registry, not a financial conduct regulator — this is a meaningfully weaker signal than any licensed tier.",{"key":79,"label":282,"note":283},"Extreme leverage","1:2000 is far beyond any Tier-1 or Tier-2 retail cap and magnifies losses accordingly.",{"key":156,"label":285,"note":286},"Undisclosed dealing model","Operates as a market maker without publishing a conflict-of-interest or execution-quality policy.","2026-06-01",{"slug":289,"name":290,"logo_url":38,"founded_year":291,"headquarters":292,"regulation_tier":257,"regulators":293,"eurusd_spread_pips":295,"spread_range":296,"min_deposit_usd":11,"max_leverage":299,"execution_model":265,"platforms":300,"score":301,"summary":302,"pros":303,"cons":305,"trust_factors":310,"reviewed_at":320},"pallas-markets","Pallas Markets",2022,"Unlisted",[294],"None found in public record",2.4,[297,298],1.6,4.2,"1:3000",[53],31,"No verifiable regulator, the widest spread in this sample, and the highest leverage ceiling — the profile our methodology is specifically designed to flag.",[304],"$5 minimum deposit",[306,307,308,309],"No regulator we could verify in any public register","Widest typical spread in this sample set","1:3000 leverage — losses can exceed deposit in a single adverse move","No published registered company address",[311,314,316],{"key":67,"label":312,"note":313},"No verified regulator","We could not find this entity on any national financial regulator's public register.",{"key":79,"label":282,"note":315},"1:3000 is an outlier even among offshore brokers and warrants real caution.",{"key":317,"label":318,"note":319},"transparency","No published address","No verifiable registered company address was found in the terms we reviewed.","2026-06-09"]