Blacklist of Forex Scam Brokers-Forex Trading Scams-WikiFX

Unverified

Elite Capitals

1.54

Score

5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.54

Score

Exceeded

Ultima Markets

2.42

Score

5-10 yearsRegulated in South AfricaFinancial Service CorporateMT4 Full LicenseSuspicious OverrunHigh potential risk

2.42

Score

Regulated

LiteForex

4.99

Score

15-20 yearsRegulated in CyprusStraight Through Processing (STP)MT4 Full LicenseGlobal BusinessHigh potential risk

4.99

Score

No Regulation

Galileo FX

1.47

Score

2-5 yearsSuspicious Regulatory LicenseHigh potential risk

1.47

Score

4

Unverified

FXDD

2.47

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseSuspicious OverrunHigh potential risk

2.47

Score

5

Offshore Regulated

RoboForex

2.56

Score

10-15 yearsRegulated in BelizeRetail Forex LicenseMT4 Full LicenseGlobal BusinessHigh potential riskOffshore Regulated

2.56

Score

6

Exceeded

Xtrade

1.76

Score

5-10 yearsRegulated in BelizeCommon Financial Service LicenseSelf-developedAustralia Market Maker (MM) RevokedSuspicious OverrunHigh potential riskOffshore Regulated

1.76

Score

7

Offshore Regulated

Exclusive Markets

2.31

Score

5-10 yearsRegulated in SeychellesRetail Forex LicenseMT4 Full LicenseHigh potential riskOffshore Regulated

2.31

Score

8

No Regulation

Pocket Option

1.71

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedGlobal BusinessHigh potential risk

1.71

Score

9

Regulated

Alpari

1.76

Score

5-10 yearsRegulated in BelarusRetail Forex LicenseSelf-developedRegional BrokersHigh potential risk

1.76

Score

10

No Regulation

Hero FX

2.00

Score

2-5 yearsSuspicious Regulatory LicenseMT5 Full LicenseRegional BrokersHigh potential risk

2.00

Score

11

Exceeded

WELTRADE

2.51

Score

15-20 yearsRegulated in South AfricaFinancial Service CorporateMT4 Full LicenseRegional BrokersBelize Retail Forex License RevokedSuspicious OverrunHigh potential risk

2.51

Score

12

Offshore Regulated

BDSWISS

4.76

Score

5-10 yearsRegulated in SeychellesRetail Forex LicenseMT4 Full LicenseUnited States Common Financial Service License UnauthorizedSuspicious OverrunHigh potential riskOffshore Regulated

4.76

Score

13

No Regulation

BotBro

1.41

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.41

Score

14

Regulated

TOPONE Markets

2.25

Score

5-10 yearsRegulated in AustraliaAppointed Representative(AR)MT5 Full LicenseHigh potential risk

2.25

Score

15

Exceeded

MTrading

3.17

Score

5-10 yearsRegulated in United KingdomCommon Business RegistrationMT4 Full LicenseSuspicious OverrunHigh potential risk

3.17

Score

16

Exceeded

CXM

3.29

Score

10-15 yearsRegulated in United KingdomCommon Business RegistrationMT4 Full LicenseSuspicious OverrunHigh potential risk

3.29

Score

17

No Regulation

Dollars Markets

2.37

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseGlobal BusinessHigh potential risk

2.37

Score

18

No Regulation

TradeEU Global

1.28

Score

1-2 yearsSuspicious Regulatory LicenseHigh potential risk

1.28

Score

19

Exceeded

Headway

4.28

Score

2-5 yearsRegulated in South AfricaFinancial Service CorporateMT4 Full LicenseRegional BrokersSuspicious OverrunHigh potential risk

4.28

Score

20

Unverified

Sway Markets

1.47

Score

2-5 yearsSuspicious Regulatory LicenseSelf-developedSuspicious Scope of BusinessSuspicious OverrunHigh potential risk

1.47

Score

21

No Regulation

NFG Finance

1.32

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.32

Score

22

Regulated

Vantage

4.30

Score

2-5 yearsRegulated in United KingdomStraight Through Processing (STP)White label MT4High potential risk

4.30

Score

23

No Regulation

Warren Bowie & Smith

1.41

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.41

Score

24

Regulated

VSTAR

2.13

Score

2-5 yearsRegulated in AustraliaInstitution Forex License (STP)MT5 Full LicenseRegional BrokersHigh potential risk

2.13

Score

25

Offshore Regulated

INZO

4.53

Score

2-5 yearsRegulated in SeychellesRetail Forex LicenseMT5 Full LicenseHigh potential riskOffshore Regulated

4.53

Score

26

No Regulation

AMarkets

2.34

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.34

Score

27

No Regulation

KOT4X

1.55

Score

5-10 yearsSuspicious Regulatory LicenseRegional BrokersAustralia Appointed Representative(AR) RevokedHigh potential risk

1.55

Score

28

Unverified

DCFX

1.45

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.45

Score

29

Offshore Regulated

Vonway

4.60

Score

5-10 yearsRegulated in ComorosRetail Forex LicenseMT4 Full LicenseGlobal BusinessHigh potential riskOffshore Regulated

4.60

Score

30

Unverified

Ox Securities

2.45

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseRegional BrokersHigh potential risk

2.45

Score

31

Lots of Complaints

FXPRIMUS

2.46

Score

10-15 yearsRegulated in CyprusMarket Maker (MM)White label MT4South Africa Financial Service Corporate ExpiredSuspicious OverrunHigh potential riskOffshore Regulated

2.46

Score

32

No Regulation

Grand Capital

2.33

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.33

Score

33

No Regulation

Cresen

1.07

Score

Within 1 yearSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.07

Score

34

No Regulation

Hankotrade

1.54

Score

5-10 yearsSuspicious Regulatory LicenseHigh potential risk

1.54

Score

35

Unverified

XTrend Speed

1.68

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedSuspicious OverrunHigh potential risk

1.68

Score

36

No Regulation

Branch Forex

1.16

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.16

Score

37

Offshore Regulated

VENTEZO

4.48

Score

2-5 yearsRegulated in SeychellesRetail Forex LicenseMT4 Full LicenseRegional BrokersHigh potential riskOffshore Regulated

4.48

Score

38

No Regulation

Coinexx

2.31

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.31

Score

39

Offshore Regulated

GO4REX

1.54

Score

5-10 yearsRegulated in SeychellesRetail Forex LicenseSuspicious Scope of BusinessHigh potential riskOffshore Regulated

1.54

Score

40

No Regulation

Validus

1.40

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.40

Score

41

No Regulation

Kraken

1.56

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessHigh potential risk

1.56

Score

42

No Regulation

Yorker Capital Markets

1.33

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.33

Score

43

Lots of Complaints

Deleno IFC

1.29

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.29

Score

44

No Regulation

LQH Markets

1.76

Score

1-2 yearsSuspicious Regulatory LicenseMT5 Full LicenseHigh potential risk

1.76

Score

45

Exceeded

Velos

3.74

Score

Within 1 yearRegulated in AustraliaInvestment Advisory LicenseMT5 Full LicenseRegional BrokersSuspicious OverrunMedium potential risk

3.74

Score

46

No Regulation

Bitso

1.42

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.42

Score

47

Offshore Regulated

CG FinTech

3.30

Score

1-2 yearsRegulated in MauritiusRetail Forex LicenseWhite label MT4High potential riskOffshore Regulated

3.30

Score

48

No Regulation

NextTradeWave

1.18

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.18

Score

49

Offshore Regulated

FIBO Group

4.95

Score

15-20 yearsRegulated in CyprusCommon Financial Service LicenseMT4 Full LicenseUnited Kingdom European Authorized Representative (EEA) RevokedSuspicious OverrunHigh potential riskOffshore Regulated

4.95

Score

50

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