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Scam Alert Videos

Bad Reviews: Trade with Videforex, Trade with Caution

2023-05-23 0 comments
0:49

Bad Reviews: Trade with Videforex, Trade with Caution

2023-05-23
0:47

Alert! Be aware of Unlicensed FX Broker Raiffeisen Centrobank

2023-05-17
0:36

FCA Warning: EnclaveFX Receives Withdrawal Complaints

2023-05-10
0:57

Be Cautious! Unregulated FX Broker FxNextGen is Warned by Austria FMA

2023-05-03
0:47

Pretend to be Regulated: Cedar Signals is an Unlicensed FX Broker

2023-04-26
0:59

Scam Exposed: New Zealand FMA Warns Against Unlicensed FX Brokers - VHNX and FxRevenues

2023-04-19
0:58

Regulated in Many Countries? 86FXTRADE is Warned by MFSA

2023-04-12
1:18

Client Complaint: Multibank Group Delays Withdrawing for 9 Months

2023-04-06
0:57

Stay Away! Unlicensed FX Broker Optimize Funds is Warned by CNMV

2023-03-29
1:03

Bonus Trap: Unregulated FX Broker Trade Horizon Receives Multiple Warnings

2023-03-22
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Q&A

Latest Hottest
Is the broker regulated by FCA?
Waqas Shami
Guernsey
2023-05-26
ANSWER Trading with Acefinancesystem Ltd, a non-regulated broker, is strongly advised against despite the enticing deals it presents.Acefinancesystem Ltd claims to be licensed and regulated by the Financial Conduct Authority (FCA), which has been denied in a warning the FCA issued. This broker also asserts to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Mauritius Financial Services Commission (Mauritius FSC), and the Financial Sector Conduct Authority (FSCA), but our thorough research found its assertion is a lie. Acefinancesystem Ltd displays a license number on its homepage assigned by Universal Flash Storage Association (UFSA) in the US. But this association is a nonprofit mutual benefit corporation for fostering open competition in the development of products and services, and the authority to regulate futures and derivatives markets rests with the National Futures Association (NFA). The fact that no matching data can be found in the NFA register suggests that any offering of financial services or products by Acefinancesystem Ltd is illegal.Regarding your question, Acefinancesystem Ltd is not regulated by the FCA. It is a non-regulated broker posing significant risks to investors including financial losses and identity theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Acefinancesystem Ltd and choose fully regulated ones instead.
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SurgeTrader is a scam. Right?
Chirag Brahmbhatt
Cambodia
2023-05-26
ANSWER SurgeTrader is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.SurgeTrader marks itself as a reliable broker but fails to provide regulatory information and licensing data, which is a clear scam indicator. Since it claims to be located in the US, we searched for this broker in the registry of the National Futures Association (NFA) but no matching records could be found. Therefore, the offering of financial products or services by SurgeTrader is illegal. In addition, the Comisión Nacional del Mercado de Valores (CNMV) added it to its warning list for providing investment services without authorization.Regarding your question, SurgeTrader is a scam. Once your money is in SurgeTrader's system, there are no rules to safeguard it and you may suffer financial losses and identity theft. We strongly suggest investors stay away from unlicensed brokers like SurgeTrader and choose fully regulated ones instead.
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Does BIT Lords offer fixed spreads?
serge Dor
Netherlands Antilles
2023-05-25
ANSWER BIT Lords is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.BIT Lords claims to be regulated by the Global Financial Authority (GFA). However, there is no such financial watchdog. The name and the related logo are possibly fabricated by the broker to fool unsuspecting investors. In addition, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Iron BIT Lords, stating that this broker is not entered in its commercial register.Regarding your question, our advice is not to deal with BIT Lords due to its status as an unlicensed broker. Using unlicensed brokers like BIT Lords could pose significant risks to investors, including financial losses and identity theft as there are no rules to safeguard them. Therefore, we strongly suggest investors stay away from unlicensed brokers like BIT Lords and choose fully regulated ones instead.
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Can I use scalping here?
Justin Taylor
Malawi
2023-05-25
ANSWER CauvoCapital is operated by CAUVO BROKERAGE MAURITIUS LTD, a company registered with the Mauritius Financial Services Commission (Mauritius FSC) under license number C119023932.While there are records of this entity in the Mauritius FSC registry, it is critical to note that the regulatory body doesn't provide authentication information or the domains associated with registered entities for investors to verify. This absence of verification mechanisms leaves room for unscrupulous brokers to exploit details such as company name, address or licensing data in order to deceive unsuspecting investors into believing they are legitimate and trustworthy. As such, there is no guarantee that CAUVO BROKERAGE MAURITIUS LTD is the one operating under the trading name of CauvoCapital. Investors must exercise extreme caution and carefully evaluate the risks involved before dealing with a Mauritius FSC-registered broker.Regarding your question, we would recommend contacting customer service through their official website to achieve the latest and most accurate answer. For more details about this broker, please refer to our full review of CauvoCapital.
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I don't want to trade many funds. So I want to know its minimum deposit requirement please.
Lerato
Guernsey
2023-05-25
ANSWER Wafra Investment LLC is a non-regulated broker we advise against trading with despite the seemingly attractive deals it offers.Wafra Investment LLC asserts to be registered with the Finanacial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 1766 LLC 2022. While it is true that matching records exist in the SVG FSA registry, the financial watchdog has explicitly announced that it doesn't possess the authority to issue forex licenses nor regulate entities involved in such activities. Consequently, Wafra Investment LLC's offering of financial services remains unsupervised by the relevant regulatory authority.Regarding your question, we strongly suggest you avoid dealing with Wafra Investment LLC since it is an unlicensed broker, whose provision of investment services or products is not subject to any regulations, thus posing huge risks to investors' funds and personal data. To avoid such risks, investors are encouraged to stay away from unlicensed brokers like Wafra Investment LLC and to choose fully regulated ones instead.
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    Risk Warning:

    FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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    The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.