Forex.com
Outbound link — no affiliate relationship.
Asset-segregation composite governed by the weaker axis — (segregation × ) = 6.2, (custody tier) = 7.0. Dimension score = 6.2.
GAIN Capital — FOREX.com Canada scores 76/100 (Strong) — CIRO Investment Dealer and CIPF member with full Canadian regulatory coverage. Primary driver is D1 Regulatory Standing (9.0/10): full CIRO supervision, mandatory CIPF CAD $1M per account category, and StoneX Group parent (NASDAQ: SNEX, $61B revenue FY2025) providing strong public financial-strength visibility. The largest structural drag is D3 Segregation and Custody (6.2/10): FOREX.com Canada operates as a principal FX dealer, meaning client margin is used as operational capital supporting open positions — no independent CDS custodian holds those funds separately from GAIN Capital's trading capital. This is inherent to all FX/CFD principal dealers, not a Forex.com-specific deficiency, but it is the real custodial distinction relative to equity brokers with Tier-1 CSD custody. D6 is pulled down by a December 2022 NFA enforcement finding: GAIN Capital Group LLC was fined $700,000 after negatively adjusting 17 retail customers' accounts by approximately $2.84M to recover losses from its own platform malfunction — NFA found this improper treatment of customers and a supervision failure; rung 4, client-harm finding, resolved. D5 NBP ceiling fires but is non-binding: D5 raw 6.154 is already below the 7.0 ceiling; disclose per Display Contract A §10.
Canadian FX and CFD traders who want a CIRO/CIPF-regulated entity and accept the principal dealer execution model — counterparty conflict is fully disclosed and structurally inherent to the FX market-maker model; StoneX institutional FX infrastructure provides deep instrument breadth and 20+ years of brand continuity
investors who require Tier-1 CSD custody (FX margin deposits are not CDS-custodied under the principal model); traders who want agency or DMA execution without disclosed counterparty conflict; anyone for whom a client-harm enforcement finding in the trailing 60 months is disqualifying
TraderVerdict brokerage scores assess custodial safety from a Canadian investor perspective. Scores do not constitute investment advice. Verify all details directly with the broker before opening an account.
Scores are on a 1–10 scale. = one step on the scoring ladder. Source links open primary evidence.