Regulator

Major onshore regulator

NYDFS regulated brokers

New York State Department of Financial Services, United States (New York)

5 brokers hold an active NYDFS licence in our register. NYDFS supervises banks, money transmitters and virtual currency businesses operating in New York, including firms holding a BitLicense or a New York trust charter.

Licensed brokers
5
Verified
1
Caution or high risk
4
Regulator country
United States

What NYDFS protection means

General facts about the regime. What applies to you depends on the licensed entity and your client category.

  • BitLicense holders must meet capital, custody, consumer-protection and cybersecurity requirements.
  • Virtual currency holdings are not covered by FDIC or SIPC protection.

Major onshore regulator. Full conduct-of-business rules, client-money segregation and an enforcement record. A licence here carries the most weight for retail clients.

How to check the NYDFS register

  1. 01

    Open the NYDFS website (www.dfs.ny.gov).

  2. 02

    Search for the company's name.

  3. 03

    Confirm the licensed legal entity is the company named in your account terms, and that its status is current.

  4. 04

    Check the licence or permissions cover the products you want to trade.

NYDFS website

Brokers licensed by NYDFS

Brokers with an active NYDFS licence verified on the register in our latest research. Sorted by score, best first.

  • Bitstamp

    Also: CSSF, FCA

    Verified
    86 / 100
  • bitFlyer

    Also: JFSA, CSSF

    Caution
    74 / 100
  • Bullish

    Also: BaFin

    Caution
    74 / 100
  • Coinbase

    Also: CSSF, FCA, CBI

    Caution
    60 / 100
  • Gemini

    Also: MFSA, FCA

    Caution
    58 / 100

Verdicts for NYDFS brokers

How the brokers licensed by this regulator are spread across our verdicts.

  • Verified

    Score 75+, research complete, and an active tier 1 or 2 licence held by the entity serving retail clients.

    1
  • Caution

    Active, with enough evidence to score, but short of Verified. Read the reason before you deposit.

    4
  • High risk

    Verified adverse evidence only: a regulator warning, or a licence revoked or suspended in the last 2 years.

    0
  • Insufficient data

    Not enough verified evidence yet to rate. Not a judgement either way.

    0
  • Under review

    Our researchers are re-checking this record. No score is shown until they finish.

    0
  • Not active

    Inactive, redirected or merged. No score is shown.

    0

NYDFS: frequently asked questions

What protection does a NYDFS licence give clients?
BitLicense holders must meet capital, custody, consumer-protection and cybersecurity requirements. Virtual currency holdings are not covered by FDIC or SIPC protection. These are general facts about the regime; what applies to you depends on the licensed entity and your client category.
How many brokers hold a NYDFS licence in your register?
5 of the brokers in our register have an active New York State Department of Financial Services (NYDFS) licence verified on the register in our latest research. Licences change, so check the register yourself before you deposit.
How do I check a NYDFS licence?
Open the NYDFS website and search for the company's name. Confirm the licensed legal entity matches the company in your account terms and that its status is current.
Does a licence mean a broker is safe?
No. A licence shows a regulator authorised a specific legal entity for specific activities. It does not guarantee the firm will not fail or treat clients fairly. Check the entity you actually contract with, and that its status is current.

We take no affiliate commissions from brokers, prop firms or educators, and rated entities cannot be our affiliates. Verdicts are computed from regulator records and are not for sale. verify.trading provides records and analysis, not investment advice; trading involves significant risk of loss. Absence of a regulatory action is not an endorsement, and absence from a regulator's list is not proof of authorisation.

Check a NYDFS broker in Ask

Ask answers from the verified registry with sources, and covers anything a record does not.

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