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Abstract：Fraudulent brokers are illegal entities that are used to trick traders into engaging in fraudulent or harmful activities. Scammers use a number of methods to seem legitimate, such as claiming bogus rigorous regulation and quick and easy withdrawals, as well as other misleading forms. The ultimate objective is nearly always the same: to steal your money.
Understanding which brokers are illegal and unregulated, as well as how to avoid engaging with them, is critical to safeguarding your money. As a result, BrokersView creates a “SCAM” to help the public understand unlicensed brokers.
Following our revelation, dishonest forex brokers have rushed to close their websites. We have discovered that 15 unregistered brokers are no longer available to investors. The following is a list:
1. NitroCapitals
Website: https://www.nitrocapitals.com/
2. FCXTrade
Website: https://fcxtrade.com/index.html
3. Bairrada International Limited
Website: https://www.bairrada-markets.com/
4. Jumper Capital Ltd
Website: https://jumperax.com/
5. TDX Markets
Website: https://tdxmarkets.com/
6. TTRADE
Website: https://www.ttradefx.com/
7. GlobalstockFX
Website: https://globalstockfx.com/
8. GalanTrade
Websites: https://www.galantrade.com/
https://www.galantrade.co/
9. Net TradersFX
Website: https://www.net-tradersfx.com/
10. DEUSFX
Website: https://deusfx.com/
11. SKY FINANCE GROUP
Website: https://skyfinancegp.com/en/
12. Gordon Zack
Website: https://gordonzak.com/
13. Indigo Capitals
Website: https://www.indigocapitals.com/
14. PrimeFirmTrade
Website: https://primefirmtrade.com/
15. KALO
Website: https://kalofx.com/en/
How can we prevent registering with these unregulated brokers？
When investing, the first thing you should do is verify the broker's license. WikiFX is an app that will provide you with all of the information you want about a broker. When seeking broker information, we often visit many websites, which is not a good strategy and may lead to confusion. WikiFX is a forex trading search engine that enables traders to check data in a single app. It contains information on about 38,000 licensed and unregistered brokers. Due to the high number of online fraudsters doing business in the forex market, WikiFX has been collaborating with 30 financial agencies to address traders' trading concerns and to prevent a broker's illegal acts.
About WikiFX
Wikifx is a platform for searching worldwide company financial information. Its primary duty is to give the included foreign exchange trading organizations with basic information searching, regulatory license seeking, the credit assessment, platform identification, and other services.
Keep an eye out for more broker news.
The WikiFX App may be downloaded through the App Store or the Google Play Store.
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.
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