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

2022-09-30 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 26 Sep, 2022 to 30 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

● CapitalPro500 - a UK-based company involving financial derivatives service without authorizations and regulations;

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

● IntertradesFX - a clone company falsely uses regulatory information of an FCA-regulated firm and was alerted by the UK FCA;

● 12Trader - an illicit entity carrying out financial activities unlawfully;

● Universal Forex - an unlicensed broker falsely claims its regulations by ASIC;

● Ether Arena - a Marshall Islands-based brand carrying a warning issued by the Spain CNMV for providing financial services without authorization;

● AsianTrade - a Japanese scam broker offering financial derivatives without valid regulation by the Japan FSA;

● TGM - an illegal limited in Georgia unlawfully providing services of financial derivatives;

● Flip Access - an unauthorized company falsely claims its regulation by the UK FCA and BaFin;

● NIMBLE - a non-supervised firm offering financial services under no authorization and regulations;

● Ester - an unregulated broker engaging falsely claims its regulations by multiple authorities;

● FXTM Investment Option - an entity falsely states its licenses from GFSC, ASIC, FCA, and CySEC;

● CTmatador - a fraudulent online trading platform blacklisted by the Belgian FSMA;

● Areatrading - a scam firm carrying two warnings issued by the UK FCA and Finland 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 contact email, withdrawal time, documents for submitting the withdrawal request, and bonus.


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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