Q&A Weekly Review - What's Asked This Week? - BrokersView
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Q&A Weekly Review - What's Asked This Week?

Jul 01, 2022 Brokersview

A Q&A Weekly Review keeps traders informed of the latest regulatory status and trading details of brokers mentioned by our users in a given week.

Here, BrokersView gives a summing up of "Q&A" this week - from 27 Jun, 2022 to 1 Jul, 2022, listing the asked brokers by categorizing them into scammers and regulated ones to visually tell traders whether a broker is subject to necessary rules and principles, and summarizes the most concerning issues related to brokers on the ground of our users' questions.


Brokers Asked in This Week

1. Scam Brokers You Should Stay away from

● FOMOSO - an unregulated entity falsely claims its regulation by the US NFA;

● DuxMarket - an illegal firm running a business under no valid regulation;

● Alphaforex - an unauthorized broker alerted by the Italy CONSOB;

● FINSA Europe - an unlicensed broker carrying out financial activities unlawfully;

● IQcent - a non-supervised broker blacklisted by the Spain CNMV and the Portuguese CMVM;

● Zank Capital - an illicit entity falsely claims its regulation by the UK FCA;

● TRUST FXT - a scam broker falsely claims its regulation by the Belize FSC and warned by the UK FCA;

● FreshForex - an offshore scam that provides financial service without authorization.


2. Regulated Brokers You Could Choose from

● BlackBull Markets - a broker authorized by the New Zealand FMA, and Seychelles FSA;

● GoDoFX - an entity regulated by Mauritius FSC;

● Finotec - a brand is overseen by the UK FCA;

● Spreadex - a company with the regulation in the UK FCA;

● AAATrade - a licensed broker carrying out financial services with licenses issued by the Cyprus CySEC; 

● Amana Capital - a regulated company with the regulation in several watchdogs - FCA, Dubai DFSA, CySEC, Lebanon CMA, Labuan FSA, and Mauritius FSC;

● ADSS - a supervised broker with strict regulations in the UK FCA;

● ICE FX - an authorized broker under regulations by the Labuan FSA;

● Conotoxia - a company running a business under valid authorization by CySEC;

● LBLV.COM - a licensed broker supervised by Seychelles FSA.


Questions of The Week

Except for the most frequently asked question - "if a broker is licensed/regulated/safe or not," matters of interest to our users this week include brokers' trading and account details, such as commission, welcome bonus, trading platform, and whether a broker provides hedging or scalping.


Conclusion

If you are about to invest in forex trading yet not sure about brokers' qualifications, or if you would like to get more information about forex brokers, please do not hesitate to "Ask A Question" in our Q&A section. 

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