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BVI entity match and Labuan name-change discrepancy recorded
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FXVeritas Research Desk
FXVeritas Research Desk maintains broker files from primary and attributable sources. Not a ranking or recommendation.
Methodology review: Research methodology v1 · Last reviewed 23 Aug 2026. Corrections follow the published corrections policy.
Latest saved research:
Latest meaningful research
Source-linked research checks
These records come from published Broker research files. They are not a complete market list, a list of eligible brokers, or a feed of newly published changes.
FXVeritas records FCA reference 921296 for EIGHTCAP GROUP LTD.
Recorded verification: Regulator verified.
The register records requirements or restrictions on activities.
Original status wording
Status on file: FCA Register Type Regulated. Register notice: this firm has requirements or restrictions on its financial services activities. Not unrestricted Authorised..
Source check recorded: 2026-09-20.
Open this entity’s researchInspect the source recordRegulator verified
- Exact legal entity
- EIGHTCAP GROUP LTD
Status on file: FCA Register Type Regulated. Register notice: this firm has requirements or restrictions on its financial services activities. Not unrestricted Authorised..
EIGHTCAP GROUP LTD
Regulator page register.fca.org.ukRecorded source check:
A regulator or licence record does not establish residency eligibility. Eligibility requires separate evidence for the exact legal entity and country.
FXVeritas records FCA reference 509956 for FXPRO UK LIMITED.
Recorded verification: Regulator verified.
See the saved register wording for classification and conditions.
Original status wording
Status on file: FCA Register Type Regulated. Exact firm FXPRO UK Limited FRN 509956 / Companies House 06925128..
Source check recorded: 2026-09-20.
Open this entity’s researchInspect the source recordRegulator verified
- Exact legal entity
- FXPRO UK LIMITED
Status on file: FCA Register Type Regulated. Exact firm FXPRO UK Limited FRN 509956 / Companies House 06925128..
FXPRO UK LIMITED
Regulator page register.fca.org.ukRecorded source check:
A regulator or licence record does not establish residency eligibility. Eligibility requires separate evidence for the exact legal entity and country.
FXVeritas records ASIC reference 414530 for Pepperstone Group Limited.
Recorded verification: Regulator verified.
Matched to an ASIC register extract.
Original status wording
Status on file: matched on ASIC current AFS extract 202609; FSG dated 6 Sep 2024 also names AFSL 414530. ASIC ConnectOnline UI was not opened..
Source check recorded: 2026-09-20.
Open this entity’s researchInspect the source recordRegulator verified
- Exact legal entity
- Pepperstone Group Limited
Status on file: matched on ASIC current AFS extract 202609; FSG dated 6 Sep 2024 also names AFSL 414530. ASIC ConnectOnline UI was not opened..
Pepperstone Group Limited
Regulator data.gov.auRecorded source check:
A regulator or licence record does not establish residency eligibility. Eligibility requires separate evidence for the exact legal entity and country.
FXVeritas records FCA reference 590299 for Vantage Global Prime LLP.
Recorded verification: Regulator verified.
See the saved register wording for classification and conditions.
Original status wording
Status on file: FCA Register Type Regulated. Exact firm Vantage Global Prime LLP FRN 590299 / Companies House OC376560. Serving/residency routing remains unknown..
Source check recorded: 2026-09-20.
Open this entity’s researchInspect the source recordRegulator verified
- Exact legal entity
- Vantage Global Prime LLP
Status on file: FCA Register Type Regulated. Exact firm Vantage Global Prime LLP FRN 590299 / Companies House OC376560. Serving/residency routing remains unknown..
Vantage Global Prime LLP
Regulator page register.fca.org.ukRecorded source check:
A regulator or licence record does not establish residency eligibility. Eligibility requires separate evidence for the exact legal entity and country.
FXVeritas records FCA reference 583263 for eToro (UK) Ltd.
Recorded verification: Regulator verified.
See the saved register wording for classification and conditions.
Original status wording
Status on file: FCA Register Type Regulated. Exact firm ETORO (UK) LIMITED FRN 583263 / Companies House 07973792..
Source check recorded: 2026-09-20.
Open this entity’s researchInspect the source recordRegulator verified
- Exact legal entity
- eToro (UK) Ltd
Status on file: FCA Register Type Regulated. Exact firm ETORO (UK) LIMITED FRN 583263 / Companies House 07973792..
eToro (UK) Ltd
Regulator page register.fca.org.ukRecorded source check:
A regulator or licence record does not establish residency eligibility. Eligibility requires separate evidence for the exact legal entity and country.
FXVeritas records FCA reference 900203 for eToro Money UK Ltd.
Recorded verification: Regulator verified.
An e-money/payment registration, distinct from investment-firm permission.
Original status wording
Status on file: FCA Register type EMD (e-money / payment services). Not an investment firm. Register states FSCS will not be able to consider a claim against this firm..
Source check recorded: 2026-09-20.
Open this entity’s researchInspect the source recordRegulator verified
- Exact legal entity
- eToro Money UK Ltd
Status on file: FCA Register type EMD (e-money / payment services). Not an investment firm. Register states FSCS will not be able to consider a claim against this firm..
eToro Money UK Ltd
Regulator page register.fca.org.ukRecorded source check:
A regulator or licence record does not establish residency eligibility. Eligibility requires separate evidence for the exact legal entity and country.
Prop research records
Recorded firm rules and program terms from existing public research. These are source records, not a change history.
The5ers · Bootcamp ($20k path)
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: 6% then 6% then 6%
Max total loss: 5%
Evaluation $20k path isolated 2026-09-12: 6% then 6% then 6% targets, 5% max loss. Funded stage is 5% target / 4% max loss / 3% daily pause — not mixed into evaluation fields. Scale-table 5% copy vs 10% header remains unresolved.
Recorded check date: 2026-09-12
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesThe5ers · High Stakes Classic
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: 8% / 5%
Max daily loss: 5%
Max total loss: 10%
Drawdown type: Static. 10% absolute from initial balance; 5% daily from the previous day close at 00:00 UTC+3
Minimum trading days: 3 profitable days (≥0.5% closed profit)
Current tier, not a retired version: it is still sold and costs more than New at every size in exchange for the easier 8% first phase. Published on the same official page as New and not averaged with it. Rules otherwise match New. Concurrent accounts: 1×$2.5K + 1×$5K + 1× either $10K or $25K + 1× either $50K or $100K.
Recorded check date: 2026-09-03
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesThe5ers · High Stakes New
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: 10% / 5%
Max daily loss: 5%
Max total loss: 10%
Drawdown type: Static. 10% absolute from initial balance; 5% daily from the previous day close at 00:00 UTC+3
Minimum trading days: 3 profitable days (≥0.5% closed profit)
Current tier, sold alongside Classic on the same official page. Cheaper than Classic at every size but with the harder 10% first phase. Hold over news allowed; no new orders from 2 minutes before until 2 minutes after high-impact news. Overnight and weekend holding allowed. Unlimited time; 30-day inactivity expires the account. Concurrent accounts: 3×$2.5K + 3×$5K + 3×$10K + 1×$25K + 1× either $50K or $100K.
Recorded check date: 2026-09-03
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesThe5ers · Hedging
Firm-level rule; do not assume it applies to every program.
Conditional
Official programs guide: hedging permitted across programs, with a stop-loss on every position. The stop-loss requirement is stated as mandatory on Bootcamp, so the condition is recorded rather than read as unrestricted.
Recorded check date: 2026-09-03
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesThe5ers · Overnight holding
Firm-level rule; do not assume it applies to every program.
Allowed
Overnight holding allowed.
Recorded check date: 2026-09-03
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesThe5ers · Weekend holding
Firm-level rule; do not assume it applies to every program.
Allowed
Weekend holding allowed. Indices may be held over the weekend but carry a high swap.
Recorded check date: 2026-09-03
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rules
Recently checked files
How the desk works
Public file principles
These rules apply to every FXVeritas public research page. They are not a ranking.
- Research Confidence is not a safety rating.
- Regulator verified does not mean a broker is safe.
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- Protection unknown does not mean no.
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A source check records what was examined and when. It is not a publication date, proof of a material change, or a finding that an entity became safer.
A material update needs an exact subject, evidence of what was previously recorded and what is recorded now, source attribution, checked dates and an important limitation. Formatting edits, source-title edits and unchanged rechecks are not material updates.
Where paired historical evidence is unavailable, FXVeritas does not reconstruct it from a current record. UNKNOWN, explicit absence and conflicting evidence remain distinct. A source URL or content-hash change alone does not prove that the underlying fact changed.
Publication decisions must depend on reader value and evidence. Affiliate status, commission, discounts and commercial relationships must not determine a finding or publication priority.
What we research
- Legal entities
- Regulatory licences
- Licence status
- Client protection
- Broker disclosures
- Regulatory actions
- Material changes recorded on file
Source hierarchy
Primary sources are preferred where they can be attributed.
- Regulator registers
- Official corporate registers
- Broker legal documents
- Regulator notices
- Official disclosures
Verification principles
- Unknown is not treated as No
- Unverified is not treated as false
- Brand names are separated from legal entities
- Licences are tracked at legal-entity level where the file supports it
- Commercial relationships do not change research findings
Limits of the file
A recorded check date means that item was reviewed against sources then on file. It does not mean every field is continuously monitored in real time.
A verified licence is a register match for a named legal entity. It is not a finding that the broker is safe.
FXVeritas does not guarantee completeness or accuracy of every public record.
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Prop firm rule guides
- FTMO daily loss: count equity, then check midnight
The daily limit counts open losses and trading costs. A profitable day does not let you carry the same extra loss allowance past the reset.
- FTMO: choose the rules before the account size
FTMO 1-Step has fewer evaluation phases; 2-Step gives a larger daily loss allowance and offers Swing. Neither route makes the displayed CFD balance withdrawable cash.