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Sample dataset. Every broker below is a fictional, illustrative profile built to demonstrate how Forxzen's ranking system works — not a real brokerage. Regulator tiers (FCA/ASIC/CySEC-class vs. offshore) are used correctly as a concept; the specific figures are for demonstration only. Always verify a real broker's licensing and terms directly with the regulator and the broker itself before depositing.

CF

Corsair FX

Kingstown, St. Vincent & the Grenadines · Founded 2020

Offshore / unregulatedSVG FSA (registration only, not a trading licence)
42/100
Forxzen score

Reviewed byElena Novak·Senior Forex & CFD Markets Analyst

Last reviewed:

Business registration in an offshore jurisdiction, not genuine financial regulation — extreme leverage and a dealing-desk model with no disclosed conflict-of-interest policy.
Why this tier?
  • Offshore / 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.
  • Extreme leverage — 1:2000 is far beyond any Tier-1 or Tier-2 retail cap and magnifies losses accordingly.
  • Undisclosed dealing model — Operates as a market maker without publishing a conflict-of-interest or execution-quality policy.

Our Corsair FX review

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.

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.

✓ Pros

  • +Very low $10 minimum deposit
  • +No documentation friction to open an account

✕ Cons

  • −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

EUR/USD spread

1.8 pips

1.2–3.4 pips Sample dataset · not live

Min. deposit

$10

Max. leverage

1:2000

Execution

MM

Platforms

MT4
Risk

Capital at risk. Trading forex and CFDs carries a high level of risk and may not be suitable for all investors — most retail CFD accounts lose money. Never trade with money you cannot afford to lose. Read our editorial policy