{"id":44,"date":"2026-09-20T16:22:02","date_gmt":"2026-09-20T16:22:02","guid":{"rendered":"https:\/\/brokerspulse.com\/pre-deposit-checklist\/"},"modified":"2026-09-20T16:22:03","modified_gmt":"2026-09-20T16:22:03","slug":"pre-deposit-checklist","status":"publish","type":"page","link":"https:\/\/brokerspulse.com\/en_gb\/pre-deposit-checklist\/","title":{"rendered":"Before You Deposit: Ten Checks"},"content":{"rendered":"

Run through this list before you deposit with any broker, including the ones we review. Each check takes a few minutes and together they filter out most of the avoidable problems.<\/p>\n\n\n\n

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  1. The licence number matches the entity name on the regulator’s own register.<\/li>\n\n\n\n
  2. You know which legal entity will hold your account, and it is named in the client agreement.<\/li>\n\n\n\n
  3. You have read what the agreement says about negative balance protection and compensation.<\/li>\n\n\n\n
  4. You have checked spreads, commission, swaps and inactivity or conversion fees for the way you trade.<\/li>\n\n\n\n
  5. You have tried the platform on a demo account.<\/li>\n\n\n\n
  6. Deposit and withdrawal methods work in your name and your currency.<\/li>\n\n\n\n
  7. Nobody who contacted you first is pushing you to deposit.<\/li>\n\n\n\n
  8. Two-factor authentication is on and your password is unique.<\/li>\n\n\n\n
  9. You will deposit a small amount first and test a withdrawal.<\/li>\n\n\n\n
  10. You know the maximum you can afford to lose, and the risk per trade you will stick to.<\/li>\n<\/ol>\n\n\n\n
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    Need more detail?<\/strong><\/p>\n\n\n\n

    Our guide How to check a broker’s licence<\/a> shows where to look, and How to open a forex account safely<\/a> walks through the whole process. If something on the list does not check out, read Scam warning signs<\/a> before you go further.<\/p>\n<\/div>\n\n\n\n

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    Scam watch<\/p>\n\n\n\n

    Spot the red flags<\/span> before you deposit.<\/h2>\n\n\n\n

    Unlicensed brokers and clones of real ones target traders every week. Learn the warning signs in two minutes, and how to check a licence in one.<\/p>\n\n\n\n

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    Read the scam warning signs<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
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