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 12 Sep, 2022 to 16 Sep, 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

● FOREX MAX.LTD - a UK-based company carrying a warning issued by the UK FCA for providing financial services without authorization;

● Trust Pixs - an unlicensed broker falsely claims its regulations by FCA, FSCA, and ASIC and blacklisted by the Italy CONSOB;

● Tedex - an offshore scam warned by the Spain CNMV and Austrian FMA;

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

● Crex247 - an unauthorized company falsely claims its regulation by multiple regulators and was alerted by the UK FCA;

● Astra Horizon - a US-based firm offering forex services without authorization issued by the US NFA and blacklisted by Polish PFSA;

● Fundiza - an offshore entity running the business under no valid regulation;

● GSM - an illegal scam unlawfully providing services of financial derivatives;

● CryptoBanxaTrade - an unregulated broker falsely claims its business certifications in Belize FSC and CySEC;

● FTX - an unlicensed clone firm falsely uses regulatory information of a multi-regulated firm;

● Hong Kong Selead Group Limited - a company involving financial derivatives service without authorizations and regulations.

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' other details, such as spread, transfer methods, and transaction fees.

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.