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Written by
James Wilson
Fact Checked by
Edith Balazs
Updated Weekly • February 2026
Broker Trust Checker – Verify If a Forex or CFD Broker Is Legit
Protect yourself from forex scams with our free broker verification tool. We maintain a database of 346+ known scam forex brokers and 72 verified, tier-1 regulated brokers. Check broker regulation, verify broker license numbers, and search our forex scam database before depositing any funds.
Search Any Forex or CFD Broker to Check Trust Score
Enter a broker name to instantly check if they appear in our verified broker database or our scam warning list. Our trust rating system classifies brokers based on regulatory status, warning list appearances, known clone detections, and trading condition transparency.
Enter broker name below
Our scam database is updated regularly with warnings from FCA, CFTC, ASIC, AMF, IOSCO, and other regulatory bodies. Beware of clone websites that impersonate legitimate brokers — always verify the exact domain.
Showing 418 of 418 results
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VT Markets
4.2/5
Verified
Trusted & Regulated Broker
- Regulators: ASIC, FSCA
- Min Deposit: $100
Leverage:1:500
BlackBull Markets
4.3/5
Verified
Trusted & Regulated Broker
- Regulators: FMA, FSA
- Min Deposit: $0
Leverage:1:500
Axi
4.4/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, ASIC
- Min Deposit: $0
- EUR/USD Spread: 0.2 pips
Leverage:1:500
XM
4.5/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC, ASIC, IFSC
- Min Deposit: $5
Leverage:1:1000
FXTM
4.4/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC, FCA
- Min Deposit: $10
- EUR/USD Spread: 0.2 pips
Leverage:1:2000
AvaTrade
4.5/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC, MiFID II
- Min Deposit: $100
- EUR/USD Spread: 0.9 pips
Leverage:1:400
Tickmill
4.5/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, CySEC
- Min Deposit: $100
Leverage:1:500
ThinkMarkets
4.4/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC, FCA
- Min Deposit: $0
- EUR/USD Spread: 0.4 pips
Leverage:1:500
RoboForex
4.3/5
Verified
Trusted & Regulated Broker
- Regulators: FSC
- Min Deposit: $10
Leverage:1:2000
HFM
4.4/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, CySEC, FSCA
- Min Deposit: $5
Leverage:1:2000
HotForex
4/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, CySEC
- Min Deposit: $5
- EUR/USD Spread: 1.2 pips
Leverage:1:2000
HYCM
4.3/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, CySEC, DFSA
- Min Deposit: $100
- EUR/USD Spread: 1.8 pips
Leverage:1:500
EasyMarkets
4/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC, ASIC, FSA
- Min Deposit: $25
- EUR/USD Spread: 0.7 pips
Leverage:1:500
FXORO
4/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC
- Min Deposit: $200
- EUR/USD Spread: 2 pips
Leverage:1:400
LiteFinance
4.2/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC, FSC
- Min Deposit: $50
- EUR/USD Spread: 1.8 pips
- Platforms: MT4, MT5
Leverage:1:500
IQ Option
4.1/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC (EEA)
- Min Deposit: $10
Leverage:1:500
Expert Option
4/5
Verified
Trusted & Regulated Broker
- Regulators: VFSC
- Min Deposit: $10
Leverage:N/A
Quotex
4/5
Verified
Trusted & Regulated Broker
- Regulators: IFMRRC
- Min Deposit: $10
Leverage:N/A
Libertex EU
4.2/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC
- Min Deposit: $100
Leverage:1:500
IG
4.9/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, ASIC, MAS
- Min Deposit: $0
- Platforms: L2 Dealer
Leverage:1:200
Interactive Brokers
4.9/5
Verified
Trusted & Regulated Broker
- Min Deposit: $0
Leverage:1:40
Pepperstone
4.8/5
Verified
Trusted & Regulated Broker
- Regulators: ASIC, FCA
- Min Deposit: $0
Leverage:1:500
CMC Markets
4.7/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, CIRO
- Min Deposit: $0
- EUR/USD Spread: 1.2 pips
Leverage:1:500
Swissquote
4.7/5
Verified
Trusted & Regulated Broker
- Regulators: FINMA, FCA
- Min Deposit: $1000
- EUR/USD Spread: 0.9 pips
Leverage:1:100
eToro
4.6/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC, FCA
- Min Deposit: $50
- EUR/USD Spread: 1 pips
Leverage:1:30
XTB
4.6/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC, FCA, KNF
- Min Deposit: $0
- EUR/USD Spread: 0.8 pips
Leverage:1:500
FP Markets
4.5/5
Verified
Trusted & Regulated Broker
- Regulators: ASIC, CySEC
- Min Deposit: $100
Leverage:1:500
Forex.com
4.4/5
Verified
Trusted & Regulated Broker
- Regulators: NFA, CFTC, FCA
- Min Deposit: $100
- Platforms: Web, MT4
Leverage:1:50
FXCM
4.4/5
Verified
Trusted & Regulated Broker
- Regulators: FCA
- Min Deposit: $50
- EUR/USD Spread: 1.3 pips
Leverage:1:400
Fusion Markets
4.3/5
Verified
Trusted & Regulated Broker
- Regulators: ASIC (High)
- Min Deposit: $0
- EUR/USD Spread: 0 pips
Leverage:1:500
FxPro
4.3/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, CySEC, FSCA
- Min Deposit: $100
- EUR/USD Spread: 1.4 pips
Leverage:1:500
IC Trading
4.3/5
Verified
Trusted & Regulated Broker
- Regulators: FSC
- Min Deposit: $200
Leverage:1:500
Moneta Markets
4.3/5
Verified
Trusted & Regulated Broker
- Regulators: FSCA
- Min Deposit: $50
Leverage:1:500
City Index
4.2/5
Verified
Trusted & Regulated Broker
- Regulators: MAS
- Min Deposit: $100
- EUR/USD Spread: 0.5 pips
Leverage:1:400
FBS
4.2/5
Verified
Trusted & Regulated Broker
- Regulators: IFSC, CySEC
- Min Deposit: $5
Leverage:1:500
OctaFX
4.2/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC
- Min Deposit: $25
- EUR/USD Spread: 0.6 pips
Leverage:1:500
StarTrader
4.2/5
Verified
Trusted & Regulated Broker
- Regulators: FSA (Seychelles)
- Min Deposit: $50
Leverage:1:500
TradeStation
4.2/5
Verified
Trusted & Regulated Broker
- Regulators: SEC
- Min Deposit: $0
- Platforms: TradeStation
Leverage:1:500
Admiral Markets
4/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC, FCA
- Min Deposit: $100
- EUR/USD Spread: 0.6 pips
Leverage:1:500
Ally Invest
4/5
Verified
Trusted & Regulated Broker
- Regulators: NFA
- Min Deposit: $0
- EUR/USD Spread: 1.5 pips
Leverage:1:500
Binarium
4/5
Verified
Trusted & Regulated Broker
- Regulators: Unregulated
- Min Deposit: $5
Leverage:1:500
Binomo
4/5
Verified
Trusted & Regulated Broker
- Regulators: IFC
- Min Deposit: $10
Leverage:1:500
CIBC Investors Edge
4/5
Verified
Trusted & Regulated Broker
- Regulators: IIROC
- Min Deposit: $0
- EUR/USD Spread: 2 pips
Leverage:1:500
Deriv
4/5
Verified
Trusted & Regulated Broker
- Regulators: MFSA, LFSA, VFSC
- Min Deposit: $5
Leverage:1:500
Freedom24
4/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC
- Min Deposit: $0
- Platforms: Web, App
Leverage:1:500
GBE Brokers
4/5
Verified
Trusted & Regulated Broker
- Regulators: CySEC
- Min Deposit: $1000
Leverage:1:500
Global Prime
4/5
Verified
Trusted & Regulated Broker
- Regulators: ASIC (High)
- Min Deposit: $0
- EUR/USD Spread: 0.2 pips
Leverage:1:500
GO Markets
4/5
Verified
Trusted & Regulated Broker
- Regulators: ASIC (High)
- Min Deposit: $0
- EUR/USD Spread: 0.4 pips
Leverage:1:500
Hantec Markets
4/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, ASIC
- Min Deposit: $10
- EUR/USD Spread: 0.8 pips
Leverage:1:500
IQCent
4/5
Verified
Trusted & Regulated Broker
- Regulators: Unregulated
- Min Deposit: $20
Leverage:1:500
IronFX
4/5
Verified
Trusted & Regulated Broker
- Regulators: FCA, CySEC
- Min Deposit: $50
- EUR/USD Spread: 1.6 pips
Leverage:1:500
KGI Securities
4/5
Verified
Trusted & Regulated Broker
- Regulators: MAS
- Min Deposit: $500
- EUR/USD Spread: 1.2 pips
Leverage:1:100
Nadex
4/5
Verified
Trusted & Regulated Broker
- Regulators: CFTC (USA)
- Min Deposit: $0
Leverage:1:500
Olymptrade
4/5
Verified
Trusted & Regulated Broker
- Regulators: FinaCom
- Min Deposit: $10
Leverage:1:500
Phillip Capital
4/5
Verified
Trusted & Regulated Broker
- Regulators: MAS
- Min Deposit: $200
- EUR/USD Spread: 1 pips
Leverage:1:100
Pocket Option
4/5
Verified
Trusted & Regulated Broker
- Regulators: IFMRRC
- Min Deposit: $50
Leverage:N/A
PU Prime
4/5
Verified
Trusted & Regulated Broker
- Regulators: FSA (Seychelles)
- Min Deposit: $50
Leverage:1:500
Questrade
4/5
Verified
Trusted & Regulated Broker
- Regulators: IIROC
- Min Deposit: $1000
- EUR/USD Spread: 1.5 pips
Leverage:1:100
Saxo Bank
4/5
Verified
Trusted & Regulated Broker
- Regulators: FSA Denmark, FCA
- Min Deposit: $2000
- EUR/USD Spread: 0.6 pips
Leverage:1:100
Spreadex
4/5
Verified
Trusted & Regulated Broker
- Regulators: FCA
- Min Deposit: $0
- EUR/USD Spread: 0.6 pips
Leverage:1:300
Standard Bank Webtrader
4/5
Verified
Trusted & Regulated Broker
- Regulators: FSCA
- Min Deposit: $500
- EUR/USD Spread: 1.5 pips
Leverage:1:100
Tastyfx
4/5
Verified
Trusted & Regulated Broker
- Regulators: CFTC, NFA
- Min Deposit: $0
- EUR/USD Spread: 0.8 pips
Leverage:1:500
TD Direct Investing
4/5
Verified
Trusted & Regulated Broker
- Regulators: IIROC
- Min Deposit: $0
- EUR/USD Spread: 1.8 pips
Leverage:1:500
TMGM
4/5
Verified
Trusted & Regulated Broker
- Regulators: ASIC, FMA, VFSC
- Min Deposit: $100
- EUR/USD Spread: 0 pips
- Platforms: MT4, MT5
Leverage:1:500
Vantage Markets
4/5
Verified
Trusted & Regulated Broker
- Regulators: ASIC, FCA
- Min Deposit: $50
Leverage:1:1000
Wealthsimple
4/5
Verified
Trusted & Regulated Broker
- Regulators: IIROC
- Min Deposit: $0
- EUR/USD Spread: 2 pips
Leverage:1:500
Thunder Markets
3.8/5
Verified
Trusted & Regulated Broker
- Regulators: FSA
- Min Deposit: $500
- EUR/USD Spread: 1.6 pips
- Platforms: MT4, Web
Leverage:1:400
!
CORBIT GLOBAL FLIPS
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Operating without FCA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FAST UNION TRADES
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
West Hill Capital
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Clone firm - impersonating authorized broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Optimum Market Pips
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Unregistered forex provider
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
idolFX
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Operating without proper authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PSI-Markets
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Exopip
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Operating without FCA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ETFINVEST
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
GRAND FX OPTIONS
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Unregistered forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PRIME FORTUNE INVEST
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Operating without authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
GOLDEN FX MARKET
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Beeveetradefx
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Unregistered trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Octafxtrade
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Clone firm warning
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
GENIUSTOCK
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AVORCAPITALTRADE GROUP
FCA (UK)July 2024
Warning: Potential Scam
- Warning Reason: Operating without authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Roobic.io (Globus Solutions)
FCA (UK)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized crypto/forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Bnp Groups
FCA (UK)April 2024
Warning: Potential Scam
- Warning Reason: Clone firm - impersonating BNP Paribas
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Mile Stone Finance
FCA (UK)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Nexfordasset
FCA (UK)April 2024
Warning: Potential Scam
- Warning Reason: Unregistered forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Bull Trading Investment
FCA (UK)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Speedwood Finance
FCA (UK)April 2024
Warning: Potential Scam
- Warning Reason: Operating without FCA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Capital-partnersgroup.com
FCA (UK)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ELAXTRADE
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
JUPITERCHAINFX
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unregistered crypto/forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Cyber Capital
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BITFX FREEDOM
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unregistered forex provider
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TIER TRADES
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Operating without authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MORGAN OPTION TRADE FX
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unauthorized options/forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TOPMETROFX
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unregistered forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Crypto Wealth Expert
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unauthorized crypto trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MONTEXTRADE
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Operating without FCA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Europa Trade Capital
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FXP 360
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unregistered trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Solidus Markets
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
VECOGLOBAL
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Operating without authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ECOBOTTRADERS
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unauthorized automated trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
OGM Markets
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unregistered forex provider
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FXCAPE
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
STERFIRMFX
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unregistered trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TOPRPTRADES
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Operating without FCA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AAA Fund
FCA (UK)January 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment fund
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Tradeness Options
FCA (UK)January 2026
Warning: Potential Scam
- Warning Reason: Unlicensed forex/options broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BIT FINANCIAL
AMF (France)January 2026
Warning: Potential Scam
- Warning Reason: Not registered to provide financial services in France
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AxeTradeCapital
AMF (France)January 2026
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Vision FS
AMF (France)January 2026
Warning: Potential Scam
- Warning Reason: Unregistered financial services provider
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Luxtious
AMF (France)January 2026
Warning: Potential Scam
- Warning Reason: Operating without AMF authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Elite AI
AMF (France)January 2026
Warning: Potential Scam
- Warning Reason: Unauthorized AI trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
aboveinvesting.pro
AMF (France)2024
Warning: Potential Scam
- Warning Reason: Blacklisted unauthorized forex site
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
fortnomics.com
AMF (France)2024
Warning: Potential Scam
- Warning Reason: Blacklisted unauthorized trading site
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
westhillcapital.pro
AMF (France)2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Ranger Capital
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TDFX
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unlicensed forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Inefex
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
YorkerFX
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Operating without RBI authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Growline
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Smart Prop Trader
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unlicensed prop trading firm
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FundedNext
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unauthorized prop trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Weltrade
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unregistered forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FreshForex
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FX Road
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unlicensed forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
DBG Markets
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Plusonetrade
RBI (India)October 2024
Warning: Potential Scam
- Warning Reason: Unregistered trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Ester Holdings
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Withdrawal problems and manipulative trading practices
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Sturdy FX
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: High-pressure sales tactics and refusing withdrawals
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Atlas Finance
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Fraudulent activities and identity theft concerns
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Start Capital
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: No regulation, withdrawal delays, account manipulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CaprionGroup
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Fake regulatory claims and withdrawal problems
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AffluenceFX
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Promoted guaranteed profits from automatic trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AmeritForexTrade
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Promised unrealistic returns
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
APEX Capital Markets
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Cloned website of legitimate broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Astrofxoptions
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Guaranteed fast returns (fraudulent claim)
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AuroraStocks
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Fake regulations and withdrawal problems
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Ava Capital Markets
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Cloned AvaTrade broker with fake regulations
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BitForexTrade
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Guaranteed weekly returns (impossible claim)
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Bullion FX (BFX/Bully Pedex)
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Promoted risk-free trading (fraudulent)
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
DCC Invest
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Cloned website of legitimate broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Dynasty Trade
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Cloned website scam
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FXC Markets
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Unregulated with fake credentials and withdrawal issues
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
HQBroker
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Unlicensed, account manipulation, poor support
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Brokerz
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Unregulated, withdrawal problems, banned in many regions
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Olsson Capital
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Clone broker with frozen customer funds
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AFX Capital
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: License revoked for serious breaches, frozen funds
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CT-Trade
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Deceptive practices, multiple regulatory warnings
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Tropical Trade
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Unlicensed, fraudulent trading activities
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BForex
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: History of fraud, blacklisted by regulators
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Apex Trader
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Unregulated with unfair trading conditions
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PrimeCFDS
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: No legitimate licensing, numerous complaints
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TNFL FX
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Lacks proper FCA and NFA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Goccfx
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Completely unregulated forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
OceanTrade
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Falsely claimed to be registered FSP
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TRADECMF
CNMV/CONSOB/FSMA2024
Warning: Potential Scam
- Warning Reason: Warnings issued by multiple European regulators
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ICM Brokers
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Offshore registration with poor oversight, withdrawal issues
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Forexcitypro
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Fake registration claims in unregulated jurisdictions
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BTS Investments
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: No verifiable regulatory disclosures
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Myrtle
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Operating from unregulated offshore jurisdiction
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Forexpress
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: No legitimate regulation or oversight
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
24FX
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: False advertising and blocking withdrawals
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
24options
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Fund withdrawal complaints and account manipulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
4XP
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Unlicensed broker withholding client funds
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
770capital
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: False promises and blocking withdrawals
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Absolute Markets
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Unregulated and refuses payouts
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CoingateForexPro
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Potential scam with no regulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Forex Capital Gain
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Fraudulent trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Tranquil Trade FX
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Guaranteed profits claim, no regulatory license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
panfxtrades
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: False profit claims, no verifiable regulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Professional Toptrade
Industry Blacklist2024
Warning: Potential Scam
- Warning Reason: Guaranteed 80-90% returns claim (fraudulent)
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Yuan Internationality
IOSCOMarch 2023
Warning: Potential Scam
- Warning Reason: Listed on IOSCO international warning list
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Paragonsigs
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Operating without CySEC authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Monaxa
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
eFinancePro
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Operating without CySEC license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Enxutto
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AdmiralEU Brokerz
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Clone firm impersonating Admiral Markets
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
InvestFRX
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
VistaTradex
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Operating without proper authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AdmiralsUnited
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Clone firm - unauthorized broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Fehelmante
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Unregistered financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
HollyTradeBase
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
XTB Trading Co
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Clone firm impersonating XTB
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Hoxton Capitals
CySEC (Cyprus)January 2025
Warning: Potential Scam
- Warning Reason: Operating without CySEC authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FundedNow Prop
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized prop trading firm
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Fiat Global
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FiatFXTrade
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BuxMapps
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Operating without authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ActaSwiss
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Trader Trust EU
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unlicensed trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FPM Helenic
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Doo Financial
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Clone firm warning
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
WallStreet FX
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FidelityCFD
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating Fidelity
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
VStar Soho
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AlfaCapitalMarket
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ForexElite
CySEC (Cyprus)April 2024
Warning: Potential Scam
- Warning Reason: Unlicensed forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Amazon Forex
CySEC (Cyprus)November 2025
Warning: Potential Scam
- Warning Reason: Fraudulent use of Amazon branding
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NovaTradeCore
CySEC (Cyprus)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Vall-Fin
CySEC (Cyprus)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
DaoRoyal
CySEC (Cyprus)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized crypto/forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CapitalDealHub
CySEC (Cyprus)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
DigiTeamAgency
CySEC (Cyprus)November 2025
Warning: Potential Scam
- Warning Reason: Operating without CySEC authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SeamanFX
CySEC (Cyprus)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NewFutureVIP
CySEC (Cyprus)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TradeMarketCup
CySEC (Cyprus)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
IFFBanc
CySEC (Cyprus)December 2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial institution
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Alpha24Pro
CySEC (Cyprus)December 2025
Warning: Potential Scam
- Warning Reason: Operating without CySEC license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FutureTradesx
CySEC (Cyprus)December 2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MTB Capitals
CySEC (Cyprus)December 2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ICMarkets777
CySEC (Cyprus)December 2025
Warning: Potential Scam
- Warning Reason: Clone firm impersonating IC Markets
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ExtLimited
CySEC (Cyprus)January 2026
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NetworkFinancialServices
CySEC (Cyprus)January 2026
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
GMX Trading
CySEC (Cyprus)January 2026
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EightToro
CySEC (Cyprus)January 2026
Warning: Potential Scam
- Warning Reason: Clone firm impersonating eToro
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
UpfrontFoundation
CySEC (Cyprus)January 2026
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FNX Network
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Operating without BaFin authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Ninety One Group (SmartInvest24)
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Aphelium Trade
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Operating without proper authorization in Germany
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Ice Goose (FlexTrader)
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Agallianz
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Global-XCrypto
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized crypto/forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MayfairCap
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MarginsTrade
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Operating without BaFin authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CapitalPartners24
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CryptoGlobalX
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized crypto trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CapitalMarket24
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FCapital24
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Forindex
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unlicensed forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MarketTrend24
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Operating without authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
JPM Broker
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating JPMorgan
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Quanta Capital
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Bit-Wise
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized crypto/forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
HighTrustCapital (BrokerInteraktive)
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Iventium Pro
BaFin (Germany)June 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment company
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ONTraders International
BaFin (Germany)August 2024
Warning: Potential Scam
- Warning Reason: Operating without BaFin authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CryptosMarket
BaFin (Germany)August 2024
Warning: Potential Scam
- Warning Reason: Unauthorized crypto trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Börsen Verein Menger
BaFin (Germany)August 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Coinelco (AI-Phemex)
BaFin (Germany)August 2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating Phemex
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Pepperstone GmbH (TridentFM)
BaFin (Germany)August 2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating Pepperstone
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ZurichSwift
BaFin (Germany)August 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services in Germany
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EmexCapital
BaFin (Germany)August 2024
Warning: Potential Scam
- Warning Reason: Operating without proper authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Genesis Capitals (Owl-Capital)
BaFin (Germany)August 2024
Warning: Potential Scam
- Warning Reason: Unauthorized investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Trade211
BaFin (Germany)May 2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NovaKapital24
BaFin (Germany)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
APMTrade24
BaFin (Germany)November 2025
Warning: Potential Scam
- Warning Reason: Operating without BaFin authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TradeDirect24
BaFin (Germany)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SaxoHandeln
BaFin (Germany)November 2025
Warning: Potential Scam
- Warning Reason: Clone firm impersonating Saxo Bank
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
HashXCapital
BaFin (Germany)January 2026
Warning: Potential Scam
- Warning Reason: Unauthorized crypto/forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Axstera
BaFin (Germany)January 2026
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
UpwardsTrend
BaFin (Germany)January 2026
Warning: Potential Scam
- Warning Reason: Operating without authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Finstera
BaFin (Germany)January 2026
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FXInvest (CONSOB blocked)
CONSOB (Italy)December 2025
Warning: Potential Scam
- Warning Reason: Blocked for illegal investment services in Italy
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ICCTRADES
CONSOB (Italy)December 2025
Warning: Potential Scam
- Warning Reason: Blocked for unauthorized trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FortivestTrade
CONSOB (Italy)December 2025
Warning: Potential Scam
- Warning Reason: Illegal forex/crypto trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Vorenixio
CONSOB (Italy)December 2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EuroTradeCFD
CONSOB (Italy)December 2025
Warning: Potential Scam
- Warning Reason: Blocked website and mobile app removed from App Store
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Stockwisse (StockwiseProfit)
CONSOB (Italy)October 2025
Warning: Potential Scam
- Warning Reason: Blocked for illegal investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Hyper Trades
CONSOB (Italy)October 2025
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Arti4Trades
CONSOB (Italy)October 2025
Warning: Potential Scam
- Warning Reason: Illegal forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
LiruneFX
CONSOB (Italy)October 2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Network Capital Ltd
CONSOB (Italy)October 2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
LucrumiaGroup
CONSOB (Italy)October 2025
Warning: Potential Scam
- Warning Reason: Illegal investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Dobibo
CONSOB (Italy)October 2025
Warning: Potential Scam
- Warning Reason: Unauthorized trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Jzmor
CONSOB (Italy)October 2025
Warning: Potential Scam
- Warning Reason: Illegal forex/crypto trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Mrx Capital Trading
CONSOB (Italy)November 2025
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FtseWebTrader
CONSOB (Italy)November 2025
Warning: Potential Scam
- Warning Reason: Clone firm using FTSE branding
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Keyline FX
CONSOB (Italy)February 2026
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Auralyex
CONSOB (Italy)February 2026
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Prisma Luxerise
CONSOB (Italy)February 2026
Warning: Potential Scam
- Warning Reason: Illegal financial services platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TradeCoreHub
ASIC (Australia)2025
Warning: Potential Scam
- Warning Reason: Operating without AFSL authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PrimeBit Pro
ASIC (Australia)2025
Warning: Potential Scam
- Warning Reason: Unauthorized crypto/forex trading in Australia
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
StellarFX Trading
ASIC (Australia)2025
Warning: Potential Scam
- Warning Reason: Clone firm impersonating licensed entity
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
OzForex Pro
ASIC (Australia)2025
Warning: Potential Scam
- Warning Reason: Impersonating legitimate Australian broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AussieTrader247
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Operating without proper Australian financial services license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
GlobalPrime Clone
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating Global Prime
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AxiTrader Pro FX
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating Axi
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ICMarkets Global Pro
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating IC Markets
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Pepperstone Markets AU
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating Pepperstone
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FP Markets Direct
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating FP Markets
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AusFXMarkets
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Pacific Trade Solutions
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Operating without AFSL
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TrustFXGlobal
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services in Australia
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AusTrade Capital
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Operating without proper licensing
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Southern Cross FX
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MelbourneFX Capital
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Operating without AFSL license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SydneyTraders Hub
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Kangaroo Capital FX
ASIC (Australia)2024
Warning: Potential Scam
- Warning Reason: Fraudulently claiming ASIC regulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
OceanicFX Markets
ASIC (Australia)2025
Warning: Potential Scam
- Warning Reason: Operating without Australian financial services license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AUS Trade Pro
ASIC (Australia)2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PureCapitalFX
CNMV (Spain)2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services in Spain
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TradeSwiss Pro
CNMV (Spain)2024
Warning: Potential Scam
- Warning Reason: Operating without CNMV authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EUForex Capital
CNMV (Spain)2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MadridTraderFX
CNMV (Spain)2024
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BarcelonaFX Markets
CNMV (Spain)2024
Warning: Potential Scam
- Warning Reason: Operating without proper authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
IberiaTradesCapital
CNMV (Spain)2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EuropeanTrades FX
CNMV (Spain)2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CapitalBlue Markets
CNMV (Spain)2025
Warning: Potential Scam
- Warning Reason: Operating without CNMV registration
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TradeIberian
CNMV (Spain)2025
Warning: Potential Scam
- Warning Reason: Unauthorized trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
GoldFinanceFX
CNMV (Spain)2025
Warning: Potential Scam
- Warning Reason: Operating without proper authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TradersVault Pro
FSMA (Belgium)2024
Warning: Potential Scam
- Warning Reason: Operating without FSMA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CryptoVault Trading
FSMA (Belgium)2024
Warning: Potential Scam
- Warning Reason: Unauthorized crypto/forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BelgiumFX Markets
FSMA (Belgium)2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EuroFX Capital Pro
FSMA (Belgium)2024
Warning: Potential Scam
- Warning Reason: Operating without proper license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BrusselsTrading Hub
FSMA (Belgium)2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FlemishFX Markets
FSMA (Belgium)2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Benelux Capital FX
FSMA (Belgium)2025
Warning: Potential Scam
- Warning Reason: Operating without FSMA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
WalloniaTrade
FSMA (Belgium)2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AsiaFX Pro Trading
MAS (Singapore)2024
Warning: Potential Scam
- Warning Reason: Operating without MAS license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
LionCityTraders
MAS (Singapore)2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SingaPrime FX
MAS (Singapore)2024
Warning: Potential Scam
- Warning Reason: Operating without proper MAS authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PacificRim Capital
MAS (Singapore)2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AseanTrade FX
MAS (Singapore)2025
Warning: Potential Scam
- Warning Reason: Operating without MAS capital markets services license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TigerFX Markets
MAS (Singapore)2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
OrchidCapital FX
MAS (Singapore)2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MerlionFX Trading
MAS (Singapore)2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial services in Singapore
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
HongKong FX Markets
SFC (Hong Kong)2024
Warning: Potential Scam
- Warning Reason: Operating without SFC authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
VictoriaHarbour FX
SFC (Hong Kong)2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
DragonTrade Capital
SFC (Hong Kong)2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Asia Pacific FX Pro
SFC (Hong Kong)2025
Warning: Potential Scam
- Warning Reason: Operating without proper SFC license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PearlRiverFX
SFC (Hong Kong)2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Central FX Markets
SFC (Hong Kong)2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment services in Hong Kong
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
KiwiTraderFX
FMA (New Zealand)2024
Warning: Potential Scam
- Warning Reason: Operating without FMA registration
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NZ Capital Markets
FMA (New Zealand)2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services provider
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AucklandFX Pro
FMA (New Zealand)2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PacificFX Trading
FMA (New Zealand)2025
Warning: Potential Scam
- Warning Reason: Operating without FMA derivatives issuer license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
OceanFlowFX
FMA (New Zealand)2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
WellingtonTradeHub
FMA (New Zealand)2025
Warning: Potential Scam
- Warning Reason: Operating without proper FMA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
FreedomFX Trading USA
CFTC/NFA (USA)2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex dealer - not registered with NFA
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AmeriTrade FX Pro
CFTC/NFA (USA)2024
Warning: Potential Scam
- Warning Reason: Clone firm impersonating TD Ameritrade
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
US Forex Capital Markets
CFTC/NFA (USA)2024
Warning: Potential Scam
- Warning Reason: Operating as unregistered futures commission merchant
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PatriotFX Trading
CFTC/NFA (USA)2024
Warning: Potential Scam
- Warning Reason: Unauthorized retail forex dealer
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
LibertyTrade Capital
CFTC/NFA (USA)2025
Warning: Potential Scam
- Warning Reason: Operating without CFTC registration
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EagleFX Markets
CFTC/NFA (USA)2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services in USA
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CapitolFX Pro
CFTC/NFA (USA)2025
Warning: Potential Scam
- Warning Reason: Operating as unregistered introducing broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ManhattanFX Capital
CFTC/NFA (USA)2025
Warning: Potential Scam
- Warning Reason: Unauthorized OTC forex dealer
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
RandFX Trading
FSCA (South Africa)2024
Warning: Potential Scam
- Warning Reason: Operating without FSP registration
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
JohannesburgFX Markets
FSCA (South Africa)2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CapeTown Capital FX
FSCA (South Africa)2024
Warning: Potential Scam
- Warning Reason: Operating without FSCA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AfriTrade Capital
FSCA (South Africa)2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
Pretoria FX Markets
FSCA (South Africa)2025
Warning: Potential Scam
- Warning Reason: Operating without FSP license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SafariTrade FX
FSCA (South Africa)2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial services in South Africa
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
KrugerFX Capital
FSCA (South Africa)2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NelsonMandelaFX
FSCA (South Africa)2025
Warning: Potential Scam
- Warning Reason: Operating without proper FSCA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NairobiTraders FX
CMA (Kenya)2024
Warning: Potential Scam
- Warning Reason: Operating without CMA license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EastAfricaFX Markets
CMA (Kenya)2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
KenyaFX Capital
CMA (Kenya)2024
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SafariCapital FX
CMA (Kenya)2025
Warning: Potential Scam
- Warning Reason: Operating without CMA authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MombasaFX Trading
CMA (Kenya)2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
KualaLumpurFX
SC (Malaysia)2024
Warning: Potential Scam
- Warning Reason: Operating without SC Malaysia authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MalaysiaFX Capital
SC (Malaysia)2024
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AsiaFX Exchange
SC (Malaysia)2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
BorneoTrader FX
SC (Malaysia)2025
Warning: Potential Scam
- Warning Reason: Operating without proper SC authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
GlobalMarkets247
Multiple Regulators2024
Warning: Potential Scam
- Warning Reason: Warnings from FCA, CySEC, and BaFin
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SwissForexPrime
Multiple Regulators2024
Warning: Potential Scam
- Warning Reason: Falsely claiming FINMA regulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
UKForexMasters
Multiple Regulators2024
Warning: Potential Scam
- Warning Reason: Falsely claiming FCA regulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ForexSignalsPro
Multiple Regulators2024
Warning: Potential Scam
- Warning Reason: Fraudulent signal service with fake broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TradeUniversal Pro
Multiple Regulators2024
Warning: Potential Scam
- Warning Reason: Operating without authorization in multiple jurisdictions
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AlphaFX Capital Group
Multiple Regulators2024
Warning: Potential Scam
- Warning Reason: Warned by CySEC, CONSOB, and CNMV simultaneously
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
GoldenBullFX
Multiple Regulators2024
Warning: Potential Scam
- Warning Reason: Guaranteed profit claims, no regulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CryptoForexMaster
Multiple Regulators2024
Warning: Potential Scam
- Warning Reason: Unauthorized crypto and forex trading
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EliteSignalPro
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Fake trading signals with unauthorized broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PlatinumFX Group
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Clone firm with multiple regulatory warnings
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
QuantumTrade AI
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Fake AI trading bot with unauthorized broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SilverlineCapitalFX
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Operating without authorization in EU
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
DiamondFX Pro Trading
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Multiple regulatory warnings worldwide
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PrestigeFX Markets
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker with fake credentials
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
RoyalTradeHub
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Operating without authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NexGenFX Capital
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Fake regulation claims
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CrownFX Markets
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ImperialTraderFX
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Operating without proper regulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
VanguardFX Prime
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Clone firm impersonating Vanguard
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SentinelFX Capital
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
OmegaTrade FX
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ZenithFX Markets
Multiple Regulators2025
Warning: Potential Scam
- Warning Reason: Fake regulatory claims
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ApexTradeAI
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Fake AI trading with unauthorized broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
MomentumFX Pro
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PinnacleTraderFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SummitFX Capital
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Fake regulation, multiple warnings
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
HorizonTradeHub
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EclipseFX Markets
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without any authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NovaCapital FX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
StellarFX Pro Group
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Multiple regulatory warnings
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
TitanTradeFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Clone firm with fake credentials
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EvolveFX Capital
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AtlasTradePro FX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without regulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PhoenixFX Markets
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker with withdrawal issues
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CatalystTraderFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Fake regulation claims
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AuroraTradePro
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
VelocityFX Capital
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without proper licensing
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EmberFX Markets
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CosmicTradeFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Fake credentials and withdrawal issues
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
NebulaFX Pro
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
InfinityTradeCapital
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without any regulation
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PolarisFX Markets
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized investment platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
RadiantTradeFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Fake regulation and guaranteed profit claims
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
EthosCapitalFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized financial services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PrimeFusionFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without proper authorization
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
VortexTradePro
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized forex broker
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ElysianFX Markets
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Fake regulation and withdrawal problems
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
GenesisFX Capital
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without any authorized license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
PrismaTradeFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized trading platform
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
CrystalFX Pro
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized financial services with fake credentials
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
AetherTrade Capital
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without regulation in any jurisdiction
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
LuminexFX Markets
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized forex trading services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SpectraFX Capital
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Multiple regulatory warnings issued
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
SyntheticaFX Pro
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized synthetic trading products
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ParadigmTradeFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without any valid license
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ArcadiaFX Markets
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Unauthorized investment services
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ChronosTradeFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Fake regulation and manipulative trading practices
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
!
ExodusCapitalFX
Multiple Regulators2026
Warning: Potential Scam
- Warning Reason: Operating without authorization worldwide
- Not regulated by any recognized financial authority
- Listed on official regulatory warning lists
Do NOT deposit funds with this broker. Report to your local financial authority if contacted.
How Our Broker Trust Verification System Works
Our multi-layered verification process goes beyond surface-level checks. Each broker in our database is evaluated through a rigorous system designed to protect traders from fraudulent operations and clone websites.
Regulatory Database Checks
We cross-reference broker claims against official registries from 10+ financial regulators worldwide, including the FCA Register, NFA BASIC, and ASIC Connect.
License Number Validation
We verify that broker license numbers are genuine, currently active (not revoked or suspended), and match the entity name and permissions the broker claims.
Corporate Registry Checks
We check company incorporation records, registered addresses, and director information against official company registries to verify legitimacy.
Website Domain Analysis
We analyze domain registration age, hosting location, and SSL certificate details. Newly registered domains posing as established brokers are a major red flag.
Warning List Monitoring
We continuously monitor official warning lists from the FCA, CFTC, AMF, IOSCO, CONSOB, and other authorities for newly flagged entities and clone firm alerts.
Known Clone Detection
We identify clone operations that copy the name, branding, or FCA/ASIC registration numbers of legitimate brokers to deceive traders into depositing funds.
Regulatory Authorities We Track
We monitor warning lists and verify broker licenses across the world's most trusted financial regulators. Check broker regulation status by verifying license numbers directly on these official registers.
Common Signs of a Forex Broker Scam
Learning how to spot a fake broker is your first line of defense. If a broker exhibits any of these warning signs, do not deposit funds and check their status using our trust checker above.
Red Flags to Watch For
- Unrealistic profit guarantees — No legitimate broker can guarantee returns. Claims of "guaranteed 80% weekly returns" are always fraudulent.
- Pressure to deposit quickly — High-pressure sales tactics, cold calls, or "limited time offers" pushing you to fund your account immediately.
- No regulatory license number — Legitimate brokers prominently display their license number and regulator on their website footer.
- Clone websites of regulated brokers — Scammers copy the branding and even license numbers of real brokers. Always check the exact domain URL.
- Withdrawal delays or blocked accounts — The broker won't let you withdraw, requests additional deposits, or cites vague "verification" requirements.
- Fake trading dashboards — Some scam brokers show fabricated profit/loss data that doesn't reflect real market prices.
- Crypto-only deposits — Insisting on cryptocurrency-only payments makes fund recovery nearly impossible.
Signs of a Trusted Broker
- Tier-1 regulation — Licensed by the FCA (UK), CFTC/NFA (US), ASIC (Australia), or equivalent top-tier authority.
- Segregated client funds — Client money is held in separate bank accounts, protected even if the broker becomes insolvent.
- Investor compensation schemes — Coverage up to £85,000 (UK FSCS), €20,000 (EU ICF), or $500,000 (US SIPC).
- Transparent fee structure — All spreads, commissions, overnight financing, and withdrawal fees clearly disclosed before you trade.
- Long operational track record — Years of operation without major regulatory actions or license revocations.
- Fast, reliable withdrawals — Consistent processing within 1–3 business days with no hidden conditions or fees.
- Negative balance protection — You cannot lose more than your deposited amount, a requirement under most tier-1 regulators.
Report a Scam Forex Broker
If you've encountered a fraudulent broker, reporting them helps protect other traders and assists regulators in taking enforcement action. File a forex scam complaint with the appropriate authorities below.
How to File a Report
- Gather evidence — Collect all emails, chat transcripts, screenshots of the trading platform, deposit receipts, and wallet addresses used.
- Report to your local regulator — File directly with the FCA, CFTC, ASIC, or your country's financial authority using their online complaint forms.
- File a police report — For significant losses, report to local law enforcement and national fraud agencies (e.g., Action Fraud in the UK, IC3 in the US).
- Notify your bank — Contact your bank or payment provider immediately to attempt a chargeback or freeze on the transaction.
Documents That Help Your Case
- Email correspondence with the broker (timestamps are critical)
- Screenshots of the trading dashboard, including trade history
- Deposit and withdrawal receipts (bank statements, crypto wallet records)
- The broker's terms and conditions page (save a copy before they remove it)
- Any marketing materials or guarantees the broker made
All information shared with regulators is treated confidentially. Your reports help build cases against fraudulent operations and protect the wider trading community.
Recently Flagged Scam Brokers to Avoid
The following brokers have been recently reported or flagged by regulators. This list is updated weekly from official sources including the FCA, AMF, CFTC, IOSCO, and other consumer protection agencies.
| Broker Name | Warning Source | Date Flagged | Reason |
|---|---|---|---|
| CORBIT GLOBAL FLIPS | FCA (UK) | July 2024 | Operating without FCA authorization |
| FAST UNION TRADES | FCA (UK) | July 2024 | Unauthorized forex trading services |
| West Hill Capital | FCA (UK) | July 2024 | Clone firm - impersonating authorized broker |
| Optimum Market Pips | FCA (UK) | July 2024 | Unregistered forex provider |
| idolFX | FCA (UK) | July 2024 | Operating without proper authorization |
| PSI-Markets | FCA (UK) | July 2024 | Unauthorized trading platform |
| Exopip | FCA (UK) | July 2024 | Operating without FCA authorization |
| ETFINVEST | FCA (UK) | July 2024 | Unauthorized investment services |
| GRAND FX OPTIONS | FCA (UK) | July 2024 | Unregistered forex broker |
| PRIME FORTUNE INVEST | FCA (UK) | July 2024 | Operating without authorization |
What to Do If You Have Been Scammed by a Broker
If you suspect you've been scammed by a forex broker, act quickly. The sooner you take action, the higher your chances of recovering some or all of your funds. Here is what to do step by step.
1
Stop Sending Funds
Do not deposit any additional money, regardless of what the broker tells you. Scam brokers often request "fees" or "taxes" to release your funds — these are fabricated.
2
Contact Your Bank
Call your bank or credit card company immediately. Request a chargeback on all deposits made to the broker. Time limits apply, so act within days, not weeks.
3
Report to Regulators
File a complaint with your local financial regulator (FCA, ASIC, CFTC). This creates an official record and may contribute to enforcement action against the fraudulent broker.
4
Preserve All Evidence
Screenshot everything: your trading account, emails, chat conversations, deposit confirmations, and the broker's website (before they shut it down).
5
File a Police Report
For significant losses, file a report with local law enforcement and your country's fraud reporting center (e.g., Action Fraud UK, FBI IC3 in the US).
6
Avoid Recovery Scams
Critical warning: Companies promising to "recover your lost funds" for an upfront fee are almost always scams themselves. Legitimate fund recovery is done through banks and regulators, not paid services.
Broker Verification vs Broker Reviews – What's the Difference?
Broker Verification (This Page)
- Answers: "Is this broker safe to use?"
- Checks regulatory status and license validity
- Identifies clone firms and fraudulent operations
- Monitors official warning lists from global regulators
- Binary outcome: trusted or flagged
Broker Reviews (Our Review Pages)
- Answers: "Is this broker good for my needs?"
- Evaluates trading conditions (spreads, fees, platforms)
- Compares brokers against each other on performance
- Rates user experience, customer support, and tools
- Nuanced scoring: rated out of 5 across multiple categories
Important: A broker being "regulated" does not guarantee "good trading conditions." Trust and performance are separate dimensions. Always verify broker safety first, then compare costs and features using our broker comparison tool.
Frequently Asked Questions About Broker Safety
Use our Broker Trust Checker above to search any broker name. We cross-reference regulatory databases (FCA, ASIC, CySEC, CFTC), check for clone firm warnings, verify license numbers, and monitor official warning lists. You can also verify directly with your local financial regulator.
A clone broker is a fraudulent operation that copies the name, branding, or registration details of a legitimately regulated broker. They create convincing websites to trick traders into depositing funds. Always verify the exact website URL and license number directly with the regulator before depositing.
While regulation significantly reduces risk, it does not eliminate it entirely. Some brokers have had their licenses revoked after misconduct. Always check that a broker's license is currently active (not revoked or suspended) and look for tier-1 regulation from bodies like the FCA, ASIC, or CFTC for the strongest protections.
Every regulated broker must display their license number on their website. Copy that number and search it on the regulator's official register: FCA Register (UK), ASIC Connect (Australia), NFA BASIC (US), or CySEC Registry (Cyprus). The registered entity name and permissions should match what the broker claims.
Tier-1 regulators provide the strongest trader protections: FCA (UK) with up to £85,000 FSCS coverage, CFTC/NFA (US) with the strictest rules, ASIC (Australia) with segregated funds requirements, and MAS (Singapore). These regulators enforce strict capital adequacy, segregation of client funds, and regular auditing.
Our database is updated weekly using official regulatory warning lists from the FCA, CFTC, ASIC, AMF, IOSCO, and other authorities. We currently track over 100 flagged/scam brokers and 100+ verified regulated brokers. While comprehensive, we always recommend also checking directly with your local regulator as the final step.
Educational Resources on Forex Broker Safety
Continue your research with our in-depth guides, comparison tools, and safety resources. Protect your trading capital by staying informed.