Financial media and independent audits for the trading industry
TBR Audits
Independent, evidence-based audits of trading firms. Every audit checks licences against regulator registers and publishes every finding. Full audits also test payouts and execution with live accounts; desk audits use public sources only and say so. This is the public record of all of them, current and expired.
Retail Broker
XM Preferred
Retail Broker
Plus500
Retail Broker
eToro
| Reference | Firm | Type | Grade | Score | Published | Status | Report |
|---|---|---|---|---|---|---|---|
| TBR-A-2026-001 | XM Preferred | Retail Broker | AA | 83 | 2 Oct 2026 | Valid to 2 Oct 2027 | View audit |
| TBR-A-2026-003 | eToro | Retail Broker | ADesk | 77 | 2 Oct 2026 | Valid to 2 Oct 2027 | View audit |
| TBR-A-2026-005 | IC Markets | Retail Broker | BBBDesk | 64 | 2 Oct 2026 | Valid to 2 Oct 2027 | View audit |
| TBR-A-2026-004 | Pepperstone | Retail Broker | ADesk | 75 | 2 Oct 2026 | Valid to 2 Oct 2027 | View audit |
| TBR-A-2026-002 | Plus500 | Retail Broker | AADesk | 80 | 2 Oct 2026 | Valid to 2 Oct 2027 | View audit |
No audit matches. A badge whose reference is not listed here was not issued by TBR. Please tell us where you saw it.
A February 2026 statement tells firms that the commercial name of a leveraged derivative is irrelevant. What matters is whether it meets the definition of a CFD, and most perpetuals likely do.
Since 2018, every EU broker selling CFDs to retail clients has worked within the same five rules. Here is what each one does, with a worked example of the margin close-out.
A licence number on a website proves nothing on its own. Six checks, all on regulators' own registers, separate a regulated firm from a clone of one.
