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Five Common Scam Brokers in the Forex Markets
Five Common Scam Brokers in the Forex Markets
Recognizing these deceptive tactics used by five common scam brokers can help investors avoid most forex scams perpetrated by unlicensed brokers.
2023-11-28
BrokersView Exposes 34 Unregulated Brokers to Help Investors Avoid Scams
BrokersView Exposes 34 Unregulated Brokers to Help Investors Avoid Scams
Protect your money by checking weekly to see which fraudulent brokers BrokersView has exposed! (November 20 - 24, 2023)
2023-11-27
Find Brokers
1 Overall Ranking
2 Key Strengths
Regulatory Ranking
FXCM
7.4
ActivTrades
7.7
Swissquote
7.6
HYCM
5.8
CMC Markets
6.3
GMI Markets
4.6
Valutrades
7.5
Hantec Markets
6.2
Spread Ranking
IC Markets
7.3
FP Markets
7.3
TMGM
5.8
easyMarkets
6.6
Doo Prime
6.8
OEXN
5.7
AC Capital Market
0.0
EBC Financial Group
6.4
Leverage Ranking
Alpari International
6.8
WeTrade
6.5
Exness
6.6
CXM Direct
6.4
Windsor Brokers
6.1
CWG MARKETS
7.3
AUS Global
5.9
XM
6.8
Strength Ranking
Forex.com
7.7
IC Markets
7.3
ADSS
6.6
3 Live Trading Assessment
2023-10 Singapore
Area
Singapore
Dubai
Frankfurt
Period
2023-10
Trading Speed Avg. speed
EightCap
224 ms
ActivTrades
240 ms
Swissquote
302 ms
Exness
308 ms
IC Markets
310 ms
FxPro
324 ms
Decode Global
337 ms
Forex.com
342 ms
Alpari International
350 ms
FXCM
352 ms
Stability Avg. daily disconnection
Exness
0.0 times
FXTM
0.1 times
ActivTrades
0.1 times
Forex.com
0.2 times
Swissquote
0.3 times
Doo Prime
0.4 times
Avatrade
0.7 times
FxPro
0.1 times
ThinkMarkets
0.8 times
Tickmill
0.8 times
Liquidity Avg. quoting freq.
Alpari International
137 times/min
FXTM
137 times/min
Decode Global
69 times/min
ActivTrades
90 times/min
ACY Securities
78 times/min
WeTrade
87 times/min
VT Markets
74 times/min
Tickmill
49 times/min
Forex.com
62 times/min
XM
67 times/min
Slippage Avg. slippage
IC Markets
+1.4 points
FXCM
+1.6 points
Decode Global
+0.8 points
Exness
0.0 points
Doo Prime
+0.1 points
Swissquote
-0.2 points
Forex.com
+0.4 points
Tickmill
-0.2 points
EightCap
+0.4 points
XM
0.0 points
Spreads Avg. spread
IC Markets
0.6 points
Tickmill
0.9 points
VT Markets
2.6 points
Exness
9.9 points
Decode Global
11.1 points
ACY Securities
11.5 points
ThinkMarkets
11.3 points
EightCap
12.9 points
Doo Prime
12.4 points
XM
13.2 points
Swap Rates Avg. swap spread
XM
0.00 USD/lot
FXCM
0.00 USD/lot
Forex.com
0.00 USD/lot
Doo Prime
0.00 USD/lot
VT Markets
-3.84 USD/lot
ACY Securities
-2.14 USD/lot
Swissquote
-3.34 USD/lot
IC Markets
-3.89 USD/lot
Tickmill
-3.68 USD/lot
EightCap
-4.09 USD/lot
Best in Assessment
2023-10 Singapore
Area
Singapore
Dubai
Frankfurt
Period
2023-10
Best Trading Speed
Overall Score 70.14
EightCap
Overall Score 70.14
Avg. trading speed 224 ms
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Best Trading Stability
Overall Score 71.89
Exness
Overall Score 71.89
Avg. daily disconnection 0.0 times
View More
Best Trading Liquidity
Overall Score 57.63
Alpari International
Overall Score 57.63
EURUSD avg. quoting freq. 137 times/min
View More
Best Trading Slippage
Overall Score 75.64
IC Markets
Overall Score 75.64
EURUSD avg. slippage 1.4 points
View More
Best Trading Spread
Overall Score 75.64
IC Markets
Overall Score 75.64
EURUSD avg. spread 0.6 points
View More
Best Trading Swap Rate
Overall Score 69.54
XM
Overall Score 69.54
EURUSD avg. swap spread 0.00 USD/lot
View More
4 Popularity and Service
Recommend Avoid
1
ATFX
100% Satisfied
659
2
EightCap
100% Satisfied
601
3
Avatrade
100% Satisfied
543
4
CPT Markets
100% Satisfied
513
5
FXTM
100% Satisfied
500
6
Windsor Brokers
100% Satisfied
458
7
DBGMarkets
100% Satisfied
422
8
Doo Prime
100% Satisfied
366
9
Exness
100% Satisfied
358
1
Canfor
0.00% Satisfied
598
2
FITBELA EPRO
0.00% Satisfied
571
3
Bake
0.00% Satisfied
542
4
OsmosisFX
0.00% Satisfied
510
5
ST5
0.00% Satisfied
479
6
Evolution Int
0.00% Satisfied
441
7
OmegaPro
0.00% Satisfied
400
8
FXTRATEGY
0.00% Satisfied
359
9
Quotex
0.00% Satisfied
321
Popularity Ranking
GMI Markets
867 VOTES
Royal
739 VOTES
AUS Global
731 VOTES
IC Markets
726 VOTES
4
EBC Financial Group
712 VOTES
5
EightCap
703 VOTES
6
Brokers' Battle
Overall Rating
Business Scope
Trading Cost
Trading Platforms
Support
Regulator
Type
Headquarters
Founded
Min Deposit
Max Leverage
easyMarkets
6.6 /10 Average
7.0
6.4
6.6
6.7
CySEC, ASIC, Seychelles FSA, BVI FSC
MM/DD
Limassol, Cyprus
2001
25 USD
1:400
FXTM
7.9 /10 Good
8.1
7.8
7.9
8.0
CySEC, FCA, FSCA, PFSA
STP, NDD
Limassol, Cyprus
2011
10 USD
1:2000
Pepperstone
8.7 /10 Very Good
7.4
8.7
8.7
8.8
CySEC, FCA, ASIC, DFSA, Bahamas SCB, Kenya CMA
ECN, NDD
Melbourne, Australia
2010
200 ‎AUD
1:500
Spread Battle
No Data
Claims
Expose & Complain
Any fraudulent activity or investment scams!
Protect My Rights
Recent Rights Protection Incidents
1 hour ago · Ternence
IMX fraud platform cannot withdraw money
2 hours ago · Marcela Baykus
Defi wallet software is totally a scam
3 hours ago · popsde
OX Securities scam me lots of money !!!
2023-11-28 · Frances Jabar
Can't get Forexland to verify my account and let me withdraw.
2023-11-28 · Irina Zlabys
I had some withdrawal issue in Phantom Light
2023-11-27 · Nhi Le
esCapitals had stolen my 27,000 usd !!!
2023-11-24 · Khatrina Faser
Vistova experienced a sudden plunge of 5,000 points in a short period of time.
2023-11-24 · Joey Liau
Mex Atlantic blocked my withdrawals
2023-11-24 · Ptrhost
Cabana Capitals Cheated me lots of money
2023-11-23 · Whtyagenda
I was unable to contact the CoinW fraud platform
Scam Videos
2:38
Fraud Alert: Never Trust Promises of Unregulated Broker Safecaps
2023-11-29
3:09
Investor Alert: Unregulated Broker Profitto Faces Allegations of Withdrawal Issues
2023-11-27
3:33
New Zealand's FMA Issues Warning Against Imposters of CySEC
2023-11-24
2:51
Scam Alert: Hong Kong SFC Flags the Unlicensed FX Broker Zeal Assets as Suspicious Website
2023-11-22
0:47
Trade with Caution: Victim Recounts Experience with GCMAsia, Busted by Malaysian Police
2023-10-30
0:45
Is Minipepe a Scam? Unveiling the Truth About This Investment Platform
2023-10-27
Scam Brokers
Fast Profit
0 defender ,0 comment
Exodus Movement Inc
0 defender ,0 comment
Dex Investing
0 defender ,0 comment
ORSFX
0 defender ,0 comment
Fxness
0 defender ,0 comment
Aptos PrimeFX
0 defender ,0 comment
FutureOptions
0 defender ,0 comment
NeoProFx
0 defender ,0 comment
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.