[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"market-strip-rates":3,"compare-corsair-fx-vs-meridian-fx":35,"brokers-all-compare":124},[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":79},{"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":54,"summary":55,"pros":56,"cons":59,"trust_factors":64,"review_body":77,"reviewed_at":78},"corsair-fx","Corsair FX",null,2020,"Kingstown, St. Vincent & the Grenadines","offshore",[44],"SVG FSA (registration only, not a trading licence)",1.8,[47,48],1.2,3.4,10,"1:2000","MM",[53],"MT4",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.",[57,58],"Very low $10 minimum deposit","No documentation friction to open an account",[60,61,62,63],"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",[65,69,73],{"key":66,"label":67,"note":68},"regulation","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":71,"note":72},"leverage-cap","Extreme leverage","1:2000 is far beyond any Tier-1 or Tier-2 retail cap and magnifies losses accordingly.",{"key":74,"label":75,"note":76},"execution-disclosure","Undisclosed dealing model","Operates as a market maker without publishing a conflict-of-interest or execution-quality policy.","\u003Cp>Corsair FX illustrates why \"regulated\" claims need checking against the actual regulator, not just a badge on a homepage. Its \"SVG FSA\" registration is a company registry entry in St. Vincent & the Grenadines, not a financial trading licence — there is no capital requirement, no conduct supervision, and no compensation scheme behind it.\u003C\u002Fp>\u003Cp>Combined with 1:2000 leverage and an undisclosed market-maker execution model, this sits at the bottom of our sample ranking. A $10 minimum deposit and no paperwork make it easy to open an account — that ease is itself a caution flag, not a benefit.\u003C\u002Fp>","2026-06-01",{"slug":80,"name":81,"logo_url":39,"founded_year":82,"headquarters":83,"regulation_tier":84,"regulators":85,"eurusd_spread_pips":88,"spread_range":89,"min_deposit_usd":92,"max_leverage":93,"execution_model":94,"platforms":95,"score":98,"summary":99,"pros":100,"cons":104,"trust_factors":107,"review_body":122,"reviewed_at":123},"meridian-fx","Meridian FX",2009,"London, UK","tier1",[86,87],"FCA","ASIC",0.6,[90,91],0.4,1.1,100,"1:30 (retail) \u002F 1:500 (pro)","ECN",[53,96,97],"MT5","cTrader",91,"Dual Tier-1 licensing, raw ECN spreads, and a leverage cap that actually follows the regulator's retail rules.",[101,102,103],"Regulated by two Tier-1 authorities (FCA and ASIC)","Raw ECN pricing with disclosed per-lot commission","Segregated client funds and negative balance protection",[105,106],"Commission is charged on top of the raw spread","No proprietary mobile platform — MT4\u002FMT5\u002FcTrader only",[108,111,115,119],{"key":66,"label":109,"note":110},"Tier-1 regulation","FCA (UK) and ASIC (Australia) both license the entity operating this brand.",{"key":112,"label":113,"note":114},"segregation","Segregated funds","Client deposits are held in segregated bank accounts, separate from operating capital.",{"key":116,"label":117,"note":118},"negative-balance","Negative balance protection","Retail accounts cannot lose more than their deposited balance.",{"key":70,"label":120,"note":121},"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",[125,136,172,203,236,263,290,300],{"slug":80,"name":81,"logo_url":39,"founded_year":82,"headquarters":83,"regulation_tier":84,"regulators":126,"eurusd_spread_pips":88,"spread_range":127,"min_deposit_usd":92,"max_leverage":93,"execution_model":94,"platforms":128,"score":98,"summary":99,"pros":129,"cons":130,"trust_factors":131,"reviewed_at":123},[86,87],[90,91],[53,96,97],[101,102,103],[105,106],[132,133,134,135],{"key":66,"label":109,"note":110},{"key":112,"label":113,"note":114},{"key":116,"label":117,"note":118},{"key":70,"label":120,"note":121},{"slug":137,"name":138,"logo_url":39,"founded_year":139,"headquarters":140,"regulation_tier":84,"regulators":141,"eurusd_spread_pips":143,"spread_range":144,"min_deposit_usd":147,"max_leverage":148,"execution_model":149,"platforms":150,"score":151,"summary":152,"pros":153,"cons":157,"trust_factors":160,"reviewed_at":171},"northbridge-markets","Northbridge Markets",2013,"Limassol, Cyprus",[142,86],"CySEC",0.8,[145,146],0.5,1.4,200,"1:30 (retail)","STP",[53,96],87,"An EU-regulated STP broker with a straightforward fee schedule and a long, uneventful track record.",[154,155,156],"CySEC + FCA dual regulation, both Tier-1","Investor compensation scheme coverage (ICF)","No history of platform outages or withdrawal disputes in our checks",[158,159],"Higher minimum deposit than most peers here","Limited platform choice (no cTrader or proprietary app)",[161,163,167,169],{"key":66,"label":109,"note":162},"CySEC (Cyprus, EU passported) and FCA (UK) both license the entity.",{"key":164,"label":165,"note":166},"compensation-scheme","Investor compensation scheme","Covered by CySEC's ICF, which protects a portion of client funds if the firm fails.",{"key":112,"label":113,"note":168},"Client money is held apart from company funds, as EU rules require.",{"key":70,"label":120,"note":170},"Sticks to the ESMA-aligned 1:30 retail cap with no \"offshore entity\" leverage workaround.","2026-06-11",{"slug":173,"name":174,"logo_url":39,"founded_year":175,"headquarters":176,"regulation_tier":84,"regulators":177,"eurusd_spread_pips":90,"spread_range":178,"min_deposit_usd":181,"max_leverage":148,"execution_model":94,"platforms":182,"score":183,"summary":184,"pros":185,"cons":189,"trust_factors":192,"reviewed_at":202},"vantis-prime","Vantis Prime",2016,"Sydney, Australia",[87,86],[179,180],0.2,0.9,500,[96,97],89,"The tightest sample spread on this desk, paired with dual Tier-1 regulation — at the cost of a $500 entry point.",[186,187,188],"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",[190,191],"Highest minimum deposit among the Tier-1 names here","No MT4 support",[193,195,198,200],{"key":66,"label":109,"note":194},"ASIC (Australia) and FCA (UK) both license the entity operating this brand.",{"key":74,"label":196,"note":197},"Execution model disclosed","Publishes its ECN routing and average execution speed rather than calling itself \"no-dealing-desk\" without detail.",{"key":112,"label":113,"note":199},"Client deposits are held separately from company operating capital.",{"key":116,"label":117,"note":201},"Retail accounts are protected from owing more than their balance.","2026-06-22",{"slug":204,"name":205,"logo_url":39,"founded_year":206,"headquarters":207,"regulation_tier":208,"regulators":209,"eurusd_spread_pips":91,"spread_range":211,"min_deposit_usd":213,"max_leverage":214,"execution_model":149,"platforms":215,"score":216,"summary":217,"pros":218,"cons":222,"trust_factors":226,"reviewed_at":235},"solace-capital-markets","Solace Capital Markets",2018,"Johannesburg, South Africa","tier2",[210],"FSCA",[143,212],1.9,50,"1:500",[53,96],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.",[219,220,221],"Real regulatory oversight (FSCA), not a shell license","Low $50 minimum deposit","STP execution model, disclosed",[223,224,225],"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",[227,230,232],{"key":66,"label":228,"note":229},"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":112,"label":113,"note":231},"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":233,"note":234},"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":237,"name":238,"logo_url":39,"founded_year":239,"headquarters":240,"regulation_tier":84,"regulators":241,"eurusd_spread_pips":242,"spread_range":243,"min_deposit_usd":244,"max_leverage":148,"execution_model":94,"platforms":245,"score":246,"summary":247,"pros":248,"cons":252,"trust_factors":255,"reviewed_at":262},"ridgeline-capital","Ridgeline Capital",2011,"Edinburgh, UK",[86],0.7,[145,47],250,[53,96,97],85,"A single-jurisdiction FCA broker — narrower regulatory footprint than the dual-licensed names, but a clean record and transparent ECN pricing.",[249,250,251],"FCA regulated with a clean public enforcement record","Transparent ECN pricing with itemised commission","Full platform choice (MT4\u002FMT5\u002FcTrader)",[253,254],"Single-regulator footprint (FCA only) vs. dual-licensed peers here","No non-UK entity for traders needing local regulatory coverage",[256,258,260],{"key":66,"label":109,"note":257},"FCA (UK) licensed; a single Tier-1 jurisdiction rather than the dual coverage some peers carry.",{"key":112,"label":113,"note":259},"Client deposits are ring-fenced from company funds, an FCA requirement.",{"key":74,"label":196,"note":261},"Publishes its ECN routing and commission schedule up front.","2026-06-04",{"slug":264,"name":265,"logo_url":39,"founded_year":266,"headquarters":267,"regulation_tier":208,"regulators":268,"eurusd_spread_pips":270,"spread_range":271,"min_deposit_usd":92,"max_leverage":273,"execution_model":149,"platforms":274,"score":275,"summary":276,"pros":277,"cons":280,"trust_factors":284,"reviewed_at":289},"amberlyn-markets","Amberlyn Markets",2015,"Port Louis, Mauritius",[269],"FSC Mauritius",1.3,[180,272],2.1,"1:400",[53,96],68,"A licensed but lightly-supervised jurisdiction, wider spreads, and a leverage ceiling most Tier-1 regulators would not permit for retail clients.",[278,279],"Holds a real (if lighter-touch) regulatory license","Wide range of tradable instruments",[281,282,283],"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",[285,287],{"key":66,"label":228,"note":286},"Licensed by the FSC (Mauritius) — real registration, but with lighter capital-adequacy and conduct rules than a Tier-1 regulator.",{"key":70,"label":233,"note":288},"1:400 for retail accounts is far above what Tier-1 regulators permit outside a professional-client classification.","2026-05-14",{"slug":37,"name":38,"logo_url":39,"founded_year":40,"headquarters":41,"regulation_tier":42,"regulators":291,"eurusd_spread_pips":45,"spread_range":292,"min_deposit_usd":49,"max_leverage":50,"execution_model":51,"platforms":293,"score":54,"summary":55,"pros":294,"cons":295,"trust_factors":296,"reviewed_at":78},[44],[47,48],[53],[57,58],[60,61,62,63],[297,298,299],{"key":66,"label":67,"note":68},{"key":70,"label":71,"note":72},{"key":74,"label":75,"note":76},{"slug":301,"name":302,"logo_url":39,"founded_year":303,"headquarters":304,"regulation_tier":42,"regulators":305,"eurusd_spread_pips":307,"spread_range":308,"min_deposit_usd":11,"max_leverage":311,"execution_model":51,"platforms":312,"score":313,"summary":314,"pros":315,"cons":317,"trust_factors":322,"reviewed_at":332},"pallas-markets","Pallas Markets",2022,"Unlisted",[306],"None found in public record",2.4,[309,310],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.",[316],"$5 minimum deposit",[318,319,320,321],"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",[323,326,328],{"key":66,"label":324,"note":325},"No verified regulator","We could not find this entity on any national financial regulator's public register.",{"key":70,"label":71,"note":327},"1:3000 is an outlier even among offshore brokers and warrants real caution.",{"key":329,"label":330,"note":331},"transparency","No published address","No verifiable registered company address was found in the terms we reviewed.","2026-06-09"]