Due diligence

Broker due diligence checklist

Turn broker profile data into a practical pre-deposit checklist with evidence readiness, manual verification steps, risk pressure, cost review, and next actions.

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Legal entity checked Company name matches the broker footer, client agreement, and account-opening entity. Official domain checked The website domain, login domain, and regulator/domain references point to the same entity. Regulator register checked License number, status, permissions, and warnings are checked on the official regulator site. Country terms checked Leverage, entity, protections, and restrictions are appropriate for the trader country. Cost schedule checked Spread, commission, swaps, inactivity, withdrawal, and deposit fees are reviewed on official terms. Withdrawal policy checked Withdrawal limits, processing times, KYC requirements, and blocked-country terms are reviewed. Platform access checked MT4, MT5, web, mobile, bridge, and data-feed claims are checked against account terms. Support and complaints checked Recent reviews, complaints, and support-response evidence are reviewed before shortlisting.

Clear checks

Broker profiles 340

Source-backed 340

Licensed 252

Cost-ready 0

High caution 88

Checklist result

Early research stage

Complete identity, license, source, cost, and withdrawal checks before comparing this broker.

Readiness 20% 0/8 manual checks

Selected broker

Shine Trades

Shine Trades / shinetrades.com

Profile Report Verify

Score 5

Ready cards 2

Review cards 5

Missing/caution 0

Evidence readiness

Checklist evidence cards

7 checks

Identity confidence

ready

shinetrades.com

Shine Trades

License trail

ready

1 record

0 pending register checks.

Source trail

review

1 citation

0 reviewed sources attached.

Terms coverage

review

0 accounts / 0 platforms

Deposit ; leverage .

Community signals

review

0 reviews / 0 complaints

No approved average rating yet.

Freshness

review

Never checked

Re-check official sources before relying on this record.

Risk pressure

review

medium risk

3 score flags currently attached.

Risk review

Risk flags to resolve

Missing support channel medium

No email, phone, or support URL is listed.

Needs fresh review low

The broker has not been checked in the last 180 days.

Unclaimed profile low

No approved broker-owner account is attached.

Next actions

Review Source coverage 1 citation

Review Trading terms 0 account types

Review Platform claims No platform records

Review Risk flags 3 flags

Refresh source dates Open the broker website and regulator register again before treating this record as current.

Compare alternatives Review similar brokers in the same country or region before shortlisting.

Similar brokers

Errante Cyprus / score 5.8 Exness Cyprus / score 5.8 FXPRIMUS Cyprus / score 5.8

Checklist-ready shortlist

Doyos 4 sources / 1 licenses / score 9.9

High-caution watchlist

CAPEX.com high / unknown EXANTE high / unknown Charles Schwab Futures and Forex high / unknown GT247 high / unknown KGI Futures Singapore high / unknown Questrade high / unknown

Checklist note

This checklist is a research aid. It does not certify broker safety, suitability, solvency, or regulatory permission.