Refco regulation & licences
Licences on record 0
No licence on record. We haven't matched Refco to a licence from a regulator we track. This may mean our data is incomplete, the firm is licensed somewhere we don't cover, or it is unregulated. Follow our verification guide and search IOSCO I-SCAN before depositing.
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
Refco is a futures broker (FX futures) founded in 1969 and headquartered in United States. Refco is no longer operating in its original form: Collapsed in 2005 following accounting fraud.
We have not matched Refco to a licence from any regulator in our database. That does not prove the company is unlicensed — its licence may be with a regulator we don't yet track, or our record may be incomplete — but it does mean you should verify its status yourself before depositing.
Refco provides access to currency futures listed on regulated exchanges such as CME Group, rather than spot forex or CFDs. Futures are standardised, centrally cleared contracts with different margin and tax treatment from spot FX.
Regulatory strengths
- Operating for about 57 years
Points to check
- No licence on record in our database — verify before depositing
- Not operating as before: Collapsed in 2005 following accounting fraud
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Refco regulation FAQ
Is Refco regulated?
We have not matched Refco to a licence in our database. Verify the company named in its client agreement on an official register before depositing, and check regulator warning lists such as IOSCO I-SCAN.
Does Refco accept US clients?
Refco is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so Refco generally cannot accept US retail forex clients.
Is my money protected with Refco?
None of the regulators matched to Refco in our database runs a compensation scheme for retail forex. Protection depends on client-money segregation and the broker's solvency.
How can I verify Refco's licence?
Find the company name and licence number in Refco's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.