Blacklist of Forex Scam Brokers-Forex Trading Scams-WikiFX

Unverified

Elite Capitals

1.54

Score

ECN Account 5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.54

Score

Lots of Complaints

MultiBank Group

2.59

Score

ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full LicenseRegional BrokersUnited Kingdom Appointed Representative (individual) RevokedSuspicious OverrunHigh potential riskOffshore Regulated

2.59

Score

No Regulation

Galileo FX

1.47

Score

2-5 yearsSuspicious Regulatory LicenseHigh potential risk

1.47

Score

Regulated

LiteForex

4.99

Score

ECN Account 15-20 yearsRegulated in CyprusStraight Through Processing (STP)MT4 Full LicenseHigh potential risk

4.99

Score

4

Offshore Regulated

Exclusive Markets

2.32

Score

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

2.32

Score

5

Offshore Regulated

RoboForex

2.56

Score

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

2.56

Score

6

No Regulation

Pocket Option

1.72

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedGlobal BusinessHigh potential risk

1.72

Score

7

Unverified

FXDD

2.42

Score

ECN Account 5-10 yearsSuspicious Regulatory LicenseMT5 Full LicenseSuspicious OverrunHigh potential risk

2.42

Score

8

Offshore Regulated

BDSwiss

4.78

Score

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

4.78

Score

9

Regulated

Alpari

2.51

Score

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

2.51

Score

10

No Regulation

Hero FX

2.01

Score

2-5 yearsSuspicious Regulatory LicenseMT5 Full LicenseGlobal BusinessHigh potential risk

2.01

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

Valetax

4.94

Score

ECN Account 2-5 yearsRegulated in MauritiusRetail Forex LicenseMT4 Full LicenseHigh potential riskOffshore Regulated

4.94

Score

13

No Regulation

Dollars Markets

2.37

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseGlobal BusinessHigh potential risk

2.37

Score

14

Exceeded

Headway

4.30

Score

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

4.30

Score

15

No Regulation

AMarkets

2.34

Score

ECN Account 5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.34

Score

16

Regulated

VSTAR

2.16

Score

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

2.16

Score

17

Exceeded

Emar Markets

4.29

Score

2-5 yearsRegulated in South AfricaFinancial Service CorporateMT5 Full LicenseRegional BrokersSuspicious OverrunMedium potential risk

4.29

Score

18

Regulated

Vantage

4.29

Score

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

4.29

Score

19

No Regulation

MTrading

2.39

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.39

Score

20

No Regulation

TradeEU Global

1.29

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.29

Score

21

Regulated

Forex Club

4.98

Score

ECN Account 15-20 yearsRegulated in BelarusRetail Forex LicenseMT4 Full LicenseGlobal BusinessHigh potential risk

4.98

Score

22

No Regulation

Warren Bowie & Smith

1.42

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.42

Score

23

Regulated

TOPONE Markets

2.25

Score

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

2.25

Score

24

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

25

Offshore Regulated

GO4REX

1.54

Score

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

1.54

Score

26

No Regulation

KOT4X

1.56

Score

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

1.56

Score

27

No Regulation

BotBro

1.42

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.42

Score

28

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

29

Unverified

Sway Markets

1.48

Score

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

1.48

Score

30

Unverified

XTrend Speed

1.68

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedSuspicious OverrunHigh potential risk

1.68

Score

31

No Regulation

LQH Markets

1.78

Score

1-2 yearsSuspicious Regulatory LicenseMT5 Full LicenseHigh potential risk

1.78

Score

32

No Regulation

Hankotrade

1.54

Score

ECN Account 5-10 yearsSuspicious Regulatory LicenseRegional BrokersHigh potential risk

1.54

Score

33

No Regulation

Yorker Capital Markets

1.34

Score

ECN Account 2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.34

Score

34

No Regulation

Coinexx

2.31

Score

ECN Account 5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.31

Score

35

No Regulation

4XC

2.14

Score

5-10 yearsSuspicious Regulatory LicenseWhite label MT4High potential risk

2.14

Score

36

No Regulation

BANKING CIRCLE

1.51

Score

5-10 yearsSuspicious Regulatory LicenseHigh potential risk

1.51

Score

37

Offshore Regulated

CG FinTech

3.32

Score

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

3.32

Score

38

No Regulation

NextTradeWave

1.20

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.20

Score

39

No Regulation

Charles Schwab

1.53

Score

Listed 5-10 yearsSuspicious Regulatory LicenseGlobal BusinessHong Kong Dealing in futures contracts RevokedHigh potential risk

1.53

Score

40

Offshore Regulated

Vittaverse

4.54

Score

ECN Account 2-5 yearsRegulated in SeychellesRetail Forex LicenseMT5 Full LicenseGlobal BusinessHigh potential riskOffshore Regulated

4.54

Score

41

Offshore Regulated

INZO

4.65

Score

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

4.65

Score

42

Offshore Regulated

Zenstox

3.23

Score

2-5 yearsRegulated in SeychellesRetail Forex LicenseSuspicious Scope of BusinessHigh potential riskOffshore Regulated

3.23

Score

43

No Regulation

Global Next Trade

2.19

Score

5-10 yearsSuspicious Regulatory LicenseMT5 Full LicenseRegional BrokersHigh potential risk

2.19

Score

44

Offshore Regulated

Vonway

4.70

Score

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

4.70

Score

45

Regulatory blacklist

NINJA TRADER

1.54

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessSuspicious OverrunHigh potential risk

1.54

Score

46

No Regulation

Grand Capital

2.34

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.34

Score

47

No Regulation

GatesFX

1.63

Score

ECN Account Within 1 yearSuspicious Regulatory LicenseMT5 Full LicenseHigh potential risk

1.63

Score

48

Offshore Regulated

ICM

4.56

Score

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

4.56

Score

49

No Regulation

Plexytrade

1.95

Score

1-2 yearsSuspicious Regulatory LicenseMT4 Full LicenseRegional BrokersHigh potential risk

1.95

Score

50

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