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GENERAL RANKINGS – 5 FX SCAM BROKERS ON AUGUST 2022 BY WIKIFX
Abstract：As we know so far, forex trading is one of the most profitable businesses in the financial market. However, it doesn’t mean everyone can win big while trading forex. instead, many people suffer a heavy loss in the forex market. The biggest challenge for them lies in seeking a solid broker. Based on WikiFX’s official website, we have listed the 5 FX scam brokers in August 2022 to protect you from getting scammed.
Check the scammers list by WikiFX App
There are a lot of scam brokers in the forex market. It is hard for us to verify them by ourselves. WikiFX offers you a visual way to see the scammers list. But how to do that？
First of all, download the WikiFX App
On WikiFX App, click the “Scams” button.
Then switch to the “Frauds” category.
Scam Brokers List
Topping the Scam broker list this month is FVP Trade. As we know so far, FVP Trade has recently caught so many people‘s attention. WikiFX has exposed the cases of FVP Trade’s freezing funds. And we believe that it is a scam broker getting involved in a Ponzi Scheme. WikiFX has given this broker a low score of 1.80/10. If you want to know more about this broker, you can check this link. https://www.wikifx.com/en/newsdetail/202207299924230394.html
Bold Prime is an offshore broker that opened on March 1st, 2021, registered in Saint Vincent and the Grenadines (SVG). Tradable instruments available on the Bold Prime platform include forex currency pairs, commodities, indices, and stocks. There are too many traders complaints against this broker. Therefore, WikiFX has given this broker a low score of 1.73/10.
Launched in 2020, BKYHYO LTD is an online forex broker registered in the United Kingdom, offering its clients access to the worlds most trading platform-MT4, a wide range of trading instruments, leverage up to 1:500. WikiFX has given this broker a low score of 1.27/10.
VOREX is said to be established in Georgia in 2008, offerings its clients access to a series of financial markets, including Global Stocks, Cryptocurrency, Commodity Futures, Foreign Exchange. VOREX provides its trading services with clients ranging from seasoned and novices to fund managers and institutional clients. WikiFX has given this broker a rating of 1.06/10.
Lilium
Accroding to WikiFX, Lilium is online forex broker getting involved in a Ponzi Scheme. It is claimed itself to be regulated in the UK, but we find out that the regulatory status of this broker is Unauthorized.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Voices of the Golden Insight Award Jury | Nattachai Chalermwat, MH Markets
WikiFX Golden Insight Award uniting industry forces to build a safe and healthy forex ecosystem, driving industry innovation and sustainable development, launches a new feature series — “Voices of the Golden Insight Awards Jury.” Through in-depth conversations with distinguished judges, this series explores the evolving landscape of the forex industry and the shared mission to promote innovation, ethics, and sustainability.
Original 1h
Apex Markets Review: Traders Outraged Over Withdrawal Denials & Other Trading Issues
Struggling to access fund withdrawals from Apex Markets for months? Does the broker remain silent on fund withdrawal issues? Does the Saint Vincent and the Grenadines-based forex broker reject your winning trades? Have you failed to get a refund into the card used for deposits? Did the broker deduct from your trading account instead? Traders have been imposing these scam allegations while sharing the Apex Markets Review online. We read the reviews and shared some of them below. Take a look!
Original 19h
tastyfx Exposed: Fund Losses, Trade Manipulation & Account Related Hassles Hurt Traders
Are fund losses normal for you at tastyfx? Does the US-based forex broker constantly manipulate prices to hit your trading experience? Do you fail to receive a reply from the broker on your fund withdrawal requests? Do you constantly face trading account issues with tastyfx? It’s time to read the tastyfx review shared by traders online.
Original 20h
Aron Groups Review: Fund Losses, High Commission & Trade Manipulation Keep Traders on Tenterhooks
Have you lost your hard-earned capital while trading via Aron Groups Broker? Has the high commission charged by the broker substantially reduced your trading profits? Does the Marshall Islands-based forex broker constantly manipulate spreads to widen your capital losses? Have you been lured into trading courtesy of Aron Groups No Deposit Bonus, only to find that you had to deposit capital to get a bonus? All these and many more trading issues have become synonymous with the experience of Aron Groups’ traders. Consequently, many traders have shared negative Aron Groups reviews online. In this article, we have shared some of their reviews.
Original 21h
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