[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"market-strip-rates":3,"compare-amberlyn-markets-vs-meridian-fx":35,"brokers-all-compare":118},[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,{"a":36,"b":75},{"slug":37,"name":38,"logo_url":39,"founded_year":40,"headquarters":41,"regulation_tier":42,"regulators":43,"eurusd_spread_pips":45,"spread_range":46,"min_deposit_usd":49,"max_leverage":50,"execution_model":51,"platforms":52,"score":55,"summary":56,"pros":57,"cons":60,"trust_factors":64,"review_body":73,"reviewed_at":74},"amberlyn-markets","Amberlyn Markets",null,2015,"Port Louis, Mauritius","tier2",[44],"FSC Mauritius",1.3,[47,48],0.9,2.1,100,"1:400","STP",[53,54],"MT4","MT5",68,"A licensed but lightly-supervised jurisdiction, wider spreads, and a leverage ceiling most Tier-1 regulators would not permit for retail clients.",[58,59],"Holds a real (if lighter-touch) regulatory license","Wide range of tradable instruments",[61,62,63],"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",[65,69],{"key":66,"label":67,"note":68},"regulation","Tier-2 regulation","Licensed by the FSC (Mauritius) — real registration, but with lighter capital-adequacy and conduct rules than a Tier-1 regulator.",{"key":70,"label":71,"note":72},"leverage-cap","High leverage ceiling","1:400 for retail accounts is far above what Tier-1 regulators permit outside a professional-client classification.","\u003Cp>Amberlyn Markets is licensed, which puts it a step above the unregulated names in this sample — but FSC Mauritius sets a materially lower bar than the FCA, ASIC or CySEC, and the 1:400 retail leverage ceiling reflects that. Spreads here are also the widest among the regulated brokers we sampled.\u003C\u002Fp>\u003Cp>This is not a broker we'd rule out outright, but it belongs in a \"verify everything yourself\" category rather than a first recommendation.\u003C\u002Fp>","2026-05-14",{"slug":76,"name":77,"logo_url":39,"founded_year":78,"headquarters":79,"regulation_tier":80,"regulators":81,"eurusd_spread_pips":84,"spread_range":85,"min_deposit_usd":49,"max_leverage":88,"execution_model":89,"platforms":90,"score":92,"summary":93,"pros":94,"cons":98,"trust_factors":101,"review_body":116,"reviewed_at":117},"meridian-fx","Meridian FX",2009,"London, UK","tier1",[82,83],"FCA","ASIC",0.6,[86,87],0.4,1.1,"1:30 (retail) \u002F 1:500 (pro)","ECN",[53,54,91],"cTrader",91,"Dual Tier-1 licensing, raw ECN spreads, and a leverage cap that actually follows the regulator's retail rules.",[95,96,97],"Regulated by two Tier-1 authorities (FCA and ASIC)","Raw ECN pricing with disclosed per-lot commission","Segregated client funds and negative balance protection",[99,100],"Commission is charged on top of the raw spread","No proprietary mobile platform — MT4\u002FMT5\u002FcTrader only",[102,105,109,113],{"key":66,"label":103,"note":104},"Tier-1 regulation","FCA (UK) and ASIC (Australia) both license the entity operating this brand.",{"key":106,"label":107,"note":108},"segregation","Segregated funds","Client deposits are held in segregated bank accounts, separate from operating capital.",{"key":110,"label":111,"note":112},"negative-balance","Negative balance protection","Retail accounts cannot lose more than their deposited balance.",{"key":70,"label":114,"note":115},"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",[119,130,165,196,226,254,263,299],{"slug":76,"name":77,"logo_url":39,"founded_year":78,"headquarters":79,"regulation_tier":80,"regulators":120,"eurusd_spread_pips":84,"spread_range":121,"min_deposit_usd":49,"max_leverage":88,"execution_model":89,"platforms":122,"score":92,"summary":93,"pros":123,"cons":124,"trust_factors":125,"reviewed_at":117},[82,83],[86,87],[53,54,91],[95,96,97],[99,100],[126,127,128,129],{"key":66,"label":103,"note":104},{"key":106,"label":107,"note":108},{"key":110,"label":111,"note":112},{"key":70,"label":114,"note":115},{"slug":131,"name":132,"logo_url":39,"founded_year":133,"headquarters":134,"regulation_tier":80,"regulators":135,"eurusd_spread_pips":137,"spread_range":138,"min_deposit_usd":141,"max_leverage":142,"execution_model":51,"platforms":143,"score":144,"summary":145,"pros":146,"cons":150,"trust_factors":153,"reviewed_at":164},"northbridge-markets","Northbridge Markets",2013,"Limassol, Cyprus",[136,82],"CySEC",0.8,[139,140],0.5,1.4,200,"1:30 (retail)",[53,54],87,"An EU-regulated STP broker with a straightforward fee schedule and a long, uneventful track record.",[147,148,149],"CySEC + FCA dual regulation, both Tier-1","Investor compensation scheme coverage (ICF)","No history of platform outages or withdrawal disputes in our checks",[151,152],"Higher minimum deposit than most peers here","Limited platform choice (no cTrader or proprietary app)",[154,156,160,162],{"key":66,"label":103,"note":155},"CySEC (Cyprus, EU passported) and FCA (UK) both license the entity.",{"key":157,"label":158,"note":159},"compensation-scheme","Investor compensation scheme","Covered by CySEC's ICF, which protects a portion of client funds if the firm fails.",{"key":106,"label":107,"note":161},"Client money is held apart from company funds, as EU rules require.",{"key":70,"label":114,"note":163},"Sticks to the ESMA-aligned 1:30 retail cap with no \"offshore entity\" leverage workaround.","2026-06-11",{"slug":166,"name":167,"logo_url":39,"founded_year":168,"headquarters":169,"regulation_tier":80,"regulators":170,"eurusd_spread_pips":86,"spread_range":171,"min_deposit_usd":173,"max_leverage":142,"execution_model":89,"platforms":174,"score":175,"summary":176,"pros":177,"cons":181,"trust_factors":184,"reviewed_at":195},"vantis-prime","Vantis Prime",2016,"Sydney, Australia",[83,82],[172,47],0.2,500,[54,91],89,"The tightest sample spread on this desk, paired with dual Tier-1 regulation — at the cost of a $500 entry point.",[178,179,180],"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",[182,183],"Highest minimum deposit among the Tier-1 names here","No MT4 support",[185,187,191,193],{"key":66,"label":103,"note":186},"ASIC (Australia) and FCA (UK) both license the entity operating this brand.",{"key":188,"label":189,"note":190},"execution-disclosure","Execution model disclosed","Publishes its ECN routing and average execution speed rather than calling itself \"no-dealing-desk\" without detail.",{"key":106,"label":107,"note":192},"Client deposits are held separately from company operating capital.",{"key":110,"label":111,"note":194},"Retail accounts are protected from owing more than their balance.","2026-06-22",{"slug":197,"name":198,"logo_url":39,"founded_year":199,"headquarters":200,"regulation_tier":42,"regulators":201,"eurusd_spread_pips":87,"spread_range":203,"min_deposit_usd":205,"max_leverage":206,"execution_model":51,"platforms":207,"score":208,"summary":209,"pros":210,"cons":214,"trust_factors":218,"reviewed_at":225},"solace-capital-markets","Solace Capital Markets",2018,"Johannesburg, South Africa",[202],"FSCA",[137,204],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.",[211,212,213],"Real regulatory oversight (FSCA), not a shell license","Low $50 minimum deposit","STP execution model, disclosed",[215,216,217],"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",[219,221,223],{"key":66,"label":67,"note":220},"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":106,"label":107,"note":222},"States client funds are held in segregated accounts; unlike Tier-1 peers, this is not independently audited in the public record we reviewed.",{"key":70,"label":71,"note":224},"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":227,"name":228,"logo_url":39,"founded_year":229,"headquarters":230,"regulation_tier":80,"regulators":231,"eurusd_spread_pips":232,"spread_range":233,"min_deposit_usd":235,"max_leverage":142,"execution_model":89,"platforms":236,"score":237,"summary":238,"pros":239,"cons":243,"trust_factors":246,"reviewed_at":253},"ridgeline-capital","Ridgeline Capital",2011,"Edinburgh, UK",[82],0.7,[139,234],1.2,250,[53,54,91],85,"A single-jurisdiction FCA broker — narrower regulatory footprint than the dual-licensed names, but a clean record and transparent ECN pricing.",[240,241,242],"FCA regulated with a clean public enforcement record","Transparent ECN pricing with itemised commission","Full platform choice (MT4\u002FMT5\u002FcTrader)",[244,245],"Single-regulator footprint (FCA only) vs. dual-licensed peers here","No non-UK entity for traders needing local regulatory coverage",[247,249,251],{"key":66,"label":103,"note":248},"FCA (UK) licensed; a single Tier-1 jurisdiction rather than the dual coverage some peers carry.",{"key":106,"label":107,"note":250},"Client deposits are ring-fenced from company funds, an FCA requirement.",{"key":188,"label":189,"note":252},"Publishes its ECN routing and commission schedule up front.","2026-06-04",{"slug":37,"name":38,"logo_url":39,"founded_year":40,"headquarters":41,"regulation_tier":42,"regulators":255,"eurusd_spread_pips":45,"spread_range":256,"min_deposit_usd":49,"max_leverage":50,"execution_model":51,"platforms":257,"score":55,"summary":56,"pros":258,"cons":259,"trust_factors":260,"reviewed_at":74},[44],[47,48],[53,54],[58,59],[61,62,63],[261,262],{"key":66,"label":67,"note":68},{"key":70,"label":71,"note":72},{"slug":264,"name":265,"logo_url":39,"founded_year":266,"headquarters":267,"regulation_tier":268,"regulators":269,"eurusd_spread_pips":271,"spread_range":272,"min_deposit_usd":274,"max_leverage":275,"execution_model":276,"platforms":277,"score":278,"summary":279,"pros":280,"cons":283,"trust_factors":288,"reviewed_at":298},"corsair-fx","Corsair FX",2020,"Kingstown, St. Vincent & the Grenadines","offshore",[270],"SVG FSA (registration only, not a trading licence)",1.8,[234,273],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.",[281,282],"Very low $10 minimum deposit","No documentation friction to open an account",[284,285,286,287],"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",[289,292,295],{"key":66,"label":290,"note":291},"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":70,"label":293,"note":294},"Extreme leverage","1:2000 is far beyond any Tier-1 or Tier-2 retail cap and magnifies losses accordingly.",{"key":188,"label":296,"note":297},"Undisclosed dealing model","Operates as a market maker without publishing a conflict-of-interest or execution-quality policy.","2026-06-01",{"slug":300,"name":301,"logo_url":39,"founded_year":302,"headquarters":303,"regulation_tier":268,"regulators":304,"eurusd_spread_pips":306,"spread_range":307,"min_deposit_usd":11,"max_leverage":310,"execution_model":276,"platforms":311,"score":312,"summary":313,"pros":314,"cons":316,"trust_factors":321,"reviewed_at":331},"pallas-markets","Pallas Markets",2022,"Unlisted",[305],"None found in public record",2.4,[308,309],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.",[315],"$5 minimum deposit",[317,318,319,320],"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",[322,325,327],{"key":66,"label":323,"note":324},"No verified regulator","We could not find this entity on any national financial regulator's public register.",{"key":70,"label":293,"note":326},"1:3000 is an outlier even among offshore brokers and warrants real caution.",{"key":328,"label":329,"note":330},"transparency","No published address","No verifiable registered company address was found in the terms we reviewed.","2026-06-09"]