Jan 20 - 24, 2025 Q&A Weekly Review - What's Asked This Week?

BrokersView provides a weekly update called "Q&A Weekly Review" that keeps traders informed about the latest regulatory status and trading details of brokers mentioned by our users.

The update covers the period from January 20 to 24, 2025, and categorizes the brokers into two groups: scammers and regulated ones. This helps traders know if a broker is subject to the necessary rules and principles. The review also summarizes the most concerning issues related to brokers based on questions asked by our users.

Brokers Asked in This Week

Scam Brokers You Should Avoid

● Theelitetradeltd - an unknown trading platform warned by the FCA;

● Surgirux - a fraudulent investment website falsely claiming to be licensed by the CySEC;

● Swiss Capital - a case of identity fraud, pretending to be connected with a genuine broker;

● MSquare - a shady broker that seems to have absconded;

● HERO MARKETS LTD - a suspicious trading platform operating without permission;

● AlfaCapitalMarket - a shady broker misleading investors with false regulatory information; Warned by the CySEC;

● Premium Trading Signal - an anonymous trading platform investigated by BaFin;

● Dynasty Trade - a deceitful broker creating an illusion of legitimacy by fabricating regulatory information; Warned by the BaFin;

● GLOBALTRADEX HUB - an unverified trading platform flagged by the FCA;

● MEGA PROFX TRADING - an unethical broker misleading investors using a fake authority license; Warned by the FCA;

● Apex FX - a dishonest trading platform red-flagged by the FCA;

● Smbcapitals - an unscrupulous broker warned by the FCA;

● Morgans Finance - a suspicious broker not licensed to carry on investment activities; Warned by the BaFin;

● Rich Point Capital - an unreliable broker falsely claiming to be registered with the SVG FSA; Warned by the OSC;

● TRADING FX CURRENCY - a risky trading platform unveiled by the FCA;

● Finzilo -  an unregulated broker warned by the FCA;

● TransX Markets - an allegedly offshore-registered broker operating without the required licenses;

● InvestSecuritiesGroup - an illicit trading platform flagged by the CSSF;

● Wissix Trust Group - an unsupervised trading platform warned by the OSC;

● PepperStoneVIP - a clone firm warned by the BaFin;

● WAVE INDICES - a crook company that might have absconded after their fraudulent activities were detected by the FCA;

● Fxcm.gayspankslaves.com - a severe fraud case that investors should stay clear of;

● Fargo Investor - an unverified trading platform carrying a warning from the OSC;

● WoodcCapital - a scam broker whose domain is expired currently;

● Venturemaple - a scammer misleading investors with fabricated regulatory information; Warned by the IIROC;

● OMNY Traders - a brokerage firm operating out of the UK without the required authorization;

● IA OPTION - an anonymous trading platform flagged by the CNMV;

● Max FundFlex - an unauthorized firm flagged by the FCA;

● Twelve Whales - a dubious trading platform warned by the FCA;

● ApexMarkets26 - a fake broker not commercially registered on the FINMA register;

● Maple Bit - a suspicious website flagged by the BCSC;

● CoinCapit - a fraudulent trading platform built on a website template; Flagged by the BaFin;

● INFINITY ECN - an illegitimate broker operating outside of the regulatory framework;

● Blantomic - an unethical firm warned by the OSC;

● Profix Capital - an unlicensed CFD broker flagged by the CNMV for the lack of licenses;

● Fidus Invest - an illegal trading platform ordered by CONSOB to shut down.

Fraudulent brokers use a range of deceptive strategies to lure investors into financial traps. These schemes often target unsuspecting individuals, ultimately causing substantial financial losses to them. BrokersView strongly advises traders to perform thorough research and verify broker legitimacy to ensure the safety of their investments.

If you’re unsure whether a license is valid or if the issuing authority has legal oversight, don’t hesitate to visit our website. We currently have over 5,000 broker reviews available for you to browse through. You can access all of the reviews here.

Conclusion

If you are considering investing in forex trading but are uncertain about a broker's qualifications, or if you simply want to gather more information about forex brokers, please feel free to "Ask A Question" in our Q&A section.