Fake Forex Brokers , Unregulated Forex Brokers

Fake & Scam

World Markets

https://worldmarkets.com/

On Nov 23 2020, World Markets's website was ordered to be blacked out by Italy's CONSOB: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela.

Premium Fx Option

https://www.premiumfxoptions.com/

Scam Confirmed

Premium Fx Option said that it is a trading name of Speed Solutions Limited, a regulated company under the International Financial Services Commission (“IFSC”) with authorization number IFSC/60/391/TS/19. Brokersview contacted with Speed Solutions Ltd and they confirmed that the fake broker is not connected with them.

The most updated fake forex brokers with no regulation or just with offshore license. Please avoid trading with unregulated forex brokers, check regulators Warnings.

BTCUSDT Investment

https://btcusdtbank.com/

Scam Confirmed

The Swizz Financial Market Supervisory Authority (FINMA) added BTCUSDT into the Unlicensed Entity Alert, stating that the company has not entered in commercial register: https://www.finma.ch/en/finma-public/warning-list/btcusdt-bank/.

Tradixa

https://tradix-a.com/

Scam Confirmed

The UK regulator FCA warned public that this firm may be providing financial services or products in the UK without its authorisation: https://www.fca.org.uk/news/warnings/tradixa.

Fake Forex Brokers , Unregulated Forex Brokers - Brokersview

On 14 December 2020, the Hong Kong's Securities and Futures Commission (SFC) has added AF Index to its alert list. It states that AF Index has failed to secure a license, yet is offering its services to citizens of the area: https://www.sfc.hk/en/alert-list/2664.

DS investment

https://www.dsfx99.com/zh-cn/

Scam Confirmed

BrokersView found DS investment is not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Secured optionbase

https://securedoptionbase.com/

Scam Confirmed

BrokersView found Secured optionbase is not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Uee International

http://www.ueeglobal.com/en/

Scam Confirmed

Uee International Limited said that it was regulated by the National Futures Association (NFA) and BrokersView checked its information on the NFA and found that it is not an NFA member and not subject to NFA oversight.

Richness Empire

https://www.richnessep.com/

Scam Confirmed

BrokersView found that Richness Empire is soliciting customers without any forex broker license and is connected with the Business Choice Partners Group Limited, a fake forex broker that has been alerted by the New Zealand's Financial Markets Authority (FMA) on 17 November 2020.

Tate Prime

https://tateprime.com/index.html

Scam Confirmed

Tate Prime claims that it is a trading name of IC Markets and is regulated by the ASIC, the Seychelles FSA and the Cysec, but Brokersview checked the information and found that it is not authorized by these regulators. Brokersview has contacted with IC Markets and they confirmed that the fake broker is not connected with them.

Horseforex

https://www.horsegroup.net/en

Scam Confirmed

On 8 Jul 2022, BrokersView found the domain https://www.horsegroup.net/en is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.

Horseforex claimed to be regulated by Mauritius Financial Services Commission (Mauritius FSC) with license number C118023277. However, We can not find any matching result in Mauritius FSC. Horseforex is not under valid regulation of Mauritius FSC now. It is possible that Horseforex is a scam.

Jinlong Zhihui

https://www.jinltech.com/

Scam Confirmed

Jinlong said it was regulated by the National Futures Association (NFA) of the United States, but Brokersview found that the fake broker is not an NFA member and not subject to NFA oversight,

Furion Global

https://furionglobal.com

Scam Confirmed

BrokersView found Furion Global is not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Populusfx

https://www.populusfx.com

Scam Confirmed

Populusfx said it was regulated by the National Futures Association (NFA) and BrokersView found that it is not a retail foreign exchange dealer regulated by the US NFA.

Spring Information

http://www.springinforex.com/index.html

Scam Confirmed

Spring Information said it was regulated the EFISO (Euro Finance Investigation & Security Organization), but BrokersView found that the EFISO doesn't even exist.

Invest Moment

https://invest-moment.com/

Scam Confirmed

Invest Moment claims to be regulated by International laws and regulations but has not provided any information about regulatory licenses, which obviously means that it is not subject to any forex supervision.

Shift Holdings

https://shift-holdings.com/

Scam Confirmed

BrokersView found Shift Holdings is not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

MCFX

http://www.mcfxgroup.com

Scam Confirmed

MCFX said it was regulated by the National Futures Association (NFA) but we searched on NFA with the license number and found that the broker is not an NFA member and not subject to NFA oversight.

Auu Global

https://www.auuforex.com

Scam Confirmed

BrokersView found Auu Global is not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

TCC

http://www.topcapitaluk.com/

Scam Confirmed

TCC claims to be supervised by the UK’s Financial Conduct Authority (FCA) with registration number 796510. However, we searched on the FCA with the regulation license No.796510 and found that the registration status was cancelled on December 2, 2019, which means that the TCC is currently unregulated.

ETFinance

https://www.etfinance.eu/

Scam Confirmed

ETFinance is not regulated by any regulator since the cancellation of its CySEC license. As per the statement shown on CySEC, ETFinance is under examination for voluntary renunciation of the authorisation. That means ETFinance is no longer licensed or regulated by CySEC. Therefore, it is a scam.

Lead Deer

https://leaddeerltd.com/

Scam Confirmed

Lead Deer claims to be overseen by Fintrac Money Services Business (Fintrac MSB) of Canada, license number M20954907. But FINTRAC in Canada does not regulate foreign exchange, this obviously means that this broker has not yet been subject to any effective supervision.

Narsq

https://www.narsq.com/

Scam Confirmed

The Hong Kong's Securities and Futures Commission (SFC) has added AF Index to its alert list. It states that Narsq's Hong Kong address belongs to a secretarial company: https://www.sfc.hk/en/alert-list/2726

LexaTrade

https://lexatrade.com/

Scam Confirmed

The Polish Financial Supervision Authority (KNF) has added Swissone Group Ltd to its alert list. It states that the broker is not registered in Poland, yet is offering its services to citizens of the area: https://www.knf.gov.pl/en/CONSUMERS/Information_for_the_financial_market_consumers/Public_warnings?warningName=lexatrade&warningTypeId=all.

OBT

https://obt8.com

Scam Confirmed

Hong Kong's Securities and Futures Commission (SFC) warned that the company’s Hong Kong address belongs to a secretarial company. It uses bank accounts in Hong Kong in the names of Hao Ruicheng Co Ltd, HSH Marketing HK Limited, Promaz Technologies HK Ltd, Raipai Electronics Limited, Zengzheng Trade Limited and Zhuo ER Wei Trade Co. Limited for settlement: https://www.sfc.hk/en/alert-list/2702

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