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

Aug 12, 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 8 Aug, 2022 to 12 Aug, 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

● Quantic Venture - an unlicensed broker falsely claims its regulation by NFA and Seychelles FSA;

● IMF Capital Limited - an unregulated company falsely claims its regulation by SVG FSA and NFA;

● GitexCapital - an offshore broker warned by the Spain CNMV;

● UOSHING - an unauthorized entity running a business under no regulations;

● FX Okami - a clone firm using the regulatory details of an FCA-regulated firm;

● FxView Investment - a clone broker blacklisted by the UK FCA and the Cyprus CySEC;

● TemplerFX - an offshore entity offering financial services under no valid regulations;

● PREMIUM FX - a UK-based company alerted by the UK FCA for providing financial services without authorization;

● ABC Group - a non-supervised entity warned by the Portuguese CMVM;

● KOT4X - an illicit company carrying out financial activities unlawfully;

● Infinity4x - a brand involving forex service without authorizations and regulations and blacklisted by multiple authorities;

● Smart Trade Group - an unlicensed company warned by the Swiss FINMA and Ontario OSC;

● Trader House - an unregulated broker alerted by the Belgian FSMA.


2. Regulated Brokers You Could Choose from

● TeleTrade - a limited with the regulation issued by the Cyprus CySEC;

● Forex Chief - a weakly-regulated broker carrying out financial services with regulations issued by VFSC;

● Axia Investment - a licensed firm authorized by Seychelles FSA;

● Rallyville Markets - an offshore company under weak regulation by VFSC;

● IronFX - a broker that provides financial services and products under authorization and regulation by the UK FCA, Cyprus CySEC, Polish PFSA, Lithuania LBE, and Italy CONSOB;

● MXC Forex - a brand overseen by the Labuan FSA;

● TeraFXUK - a UK-based firm supervised by the UK FCA;

● JFD - a company running a business under regulation by CySEC and VFSC;

● TMGM - an entity regulated by several regulatory bodies, including ASIC, NZ FMA, and VFSC.


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 basic currencies, welcome bonus, and whether a broker offers Islamic 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. 

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