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

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 25 Jul, 2022 to 29 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

Scam Brokers You Should Stay away from

● Golden Capital FX - a UK-based entity that provides financial services without valid regulation;

● CIBfx - an offshore broker alerted by the UK FCA;

● Cang Limited - an illicit company carrying out financial activities unlawfully;

● Freserves - an unlicensed broker blacklisted by the Cyprus CySEC and the UK FCA;

● BBanc- a scam broker warned by France AMF;

● TMFX - a non-supervised entity falsely claims its regulation by the US NFA;

● Clover4X - an offshore broker engaging in forex service without valid regulations;

● Europa Trade Capital - an unauthorized company warned by the Belgian FSMA, the UK FCA, and the Austrian FMA;

● VECTRA - an unregulated entity running a business under no valid regulation;

● Place A Trade - an offshore scam alerted by Spain CNMV;

● PROFX Market - an FCA-warned broker falsely claims its regulation by the UK FCA.

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 swap fees, leverage, account types, and how long can investors use demo accounts?

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.