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

Scam Brokers

HTFX

2.45

Score

ECN Account Scam Brokers5-10 yearsRegulated in VanuatuRetail Forex LicenseMT4 Full LicenseGlobal BusinessHigh potential riskOffshore Regulated

2.45

Score

No Regulation

Galileo FX

1.48

Score

2-5 yearsSuspicious Regulatory LicenseHigh potential risk

1.48

Score

4

Regulated

LiteForex

4.99

Score

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

4.99

Score

5

No Regulation

Pocket Option

1.72

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedGlobal BusinessHigh potential risk

1.72

Score

6

Offshore Regulated

Exclusive Markets

2.32

Score

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

2.32

Score

7

No Regulation

Hero FX

2.01

Score

2-5 yearsSuspicious Regulatory LicenseMT5 Full LicenseGlobal BusinessHigh potential risk

2.01

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

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

10

Offshore Regulated

RoboForex

2.56

Score

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

2.56

Score

11

Offshore Regulated

Valetax

4.95

Score

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

4.95

Score

12

Exceeded

Headway

4.31

Score

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

4.31

Score

13

No Regulation

Dollars Markets

2.37

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseGlobal BusinessHigh potential risk

2.37

Score

14

Exceeded

Emar Markets

4.30

Score

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

4.30

Score

15

No Regulation

MTrading

2.39

Score

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

2.39

Score

16

Unverified

FXDD

2.42

Score

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

2.42

Score

17

Regulated

Alpari

2.51

Score

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

2.51

Score

18

Regulated

VSTAR

2.17

Score

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

2.17

Score

19

No Regulation

Warren Bowie & Smith

1.42

Score

2-5 yearsSuspicious Regulatory LicenseHigh potential risk

1.42

Score

20

Regulated

Forex Club

4.98

Score

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

4.98

Score

21

No Regulation

TradeEU Global

1.30

Score

2-5 yearsSuspicious Regulatory LicenseHigh potential risk

1.30

Score

22

No Regulation

AMarkets

2.34

Score

ECN Account 5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseRegional BrokersHigh potential risk

2.34

Score

23

No Regulation

BANKING CIRCLE

1.51

Score

5-10 yearsSuspicious Regulatory LicenseHigh potential risk

1.51

Score

24

Offshore Regulated

FIBO Group

4.09

Score

15-20 yearsRegulated in The Virgin IslandsRetail Forex LicenseMT4 Full LicenseUnited Kingdom European Authorized Representative (EEA) RevokedSuspicious OverrunHigh potential riskOffshore Regulated

4.09

Score

25

No Regulation

GatesFX

1.65

Score

ECN Account 1-2 yearsSuspicious Regulatory LicenseMT5 Full LicenseHigh potential risk

1.65

Score

26

Offshore Regulated

GO4REX

1.55

Score

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

1.55

Score

27

Unverified

XTrend Speed

1.68

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedSuspicious OverrunHigh potential risk

1.68

Score

28

No Regulation

KOT4X

1.56

Score

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

1.56

Score

29

No Regulation

BotBro

1.42

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.42

Score

30

Regulatory blacklist

NINJA TRADER

1.55

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessSuspicious OverrunHigh potential risk

1.55

Score

31

Regulated

TOPONE Markets

2.25

Score

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

2.25

Score

32

Exceeded

Trading Pro

2.31

Score

ECN Account 2-5 yearsRegulated in South AfricaFinancial Service CorporateMT4 Full LicenseSuspicious OverrunHigh potential risk

2.31

Score

33

Offshore Regulated

Zenstox

3.23

Score

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

3.23

Score

34

Offshore Regulated

NAG Markets

4.26

Score

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

4.26

Score

35

No Regulation

Hankotrade

1.54

Score

ECN Account 5-10 yearsSuspicious Regulatory LicenseHigh potential risk

1.54

Score

36

No Regulation

4XC

2.14

Score

5-10 yearsSuspicious Regulatory LicenseWhite label MT4High potential risk

2.14

Score

37

Exceeded

FXBTG

4.53

Score

15-20 yearsRegulated in South AfricaFinancial Service CorporateMT4 Full LicenseRegional BrokersSuspicious OverrunMedium potential risk

4.53

Score

38

No Regulation

Coinexx

2.31

Score

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

2.31

Score

39

No Regulation

LQH Markets

1.79

Score

1-2 yearsSuspicious Regulatory LicenseMT5 Full LicenseHigh potential risk

1.79

Score

40

Offshore Regulated

Vonway

4.70

Score

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

4.70

Score

41

Unverified

Sway Markets

1.49

Score

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

1.49

Score

42

No Regulation

Yorker Capital Markets

1.35

Score

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

1.35

Score

43

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

44

Offshore Regulated

Markets.com

2.38

Score

5-10 yearsRegulated in The Virgin IslandsRetail Forex LicenseMT5 Full LicenseRegional BrokersSuspicious OverrunHigh potential riskOffshore Regulated

2.38

Score

45

Exceeded

Fxcess

2.43

Score

ECN Account 5-10 yearsRegulated in BermudaCommon Business RegistrationWhite label MT4Suspicious OverrunHigh potential riskOffshore Regulated

2.43

Score

46

Offshore Regulated

IFEXCAPITAL

2.92

Score

2-5 yearsRegulated in MauritiusRetail Forex LicenseSelf-developedSuspicious Scope of BusinessHigh potential riskOffshore Regulated

2.92

Score

47

No Regulation

Kato Prime

2.16

Score

2-5 yearsSuspicious Regulatory LicenseMT4 Full LicenseBelize Common Financial Service License RevokedSuspicious OverrunHigh potential risk

2.16

Score

48

No Regulation

Grand Capital

2.34

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.34

Score

49

Unverified

Ox Securities

2.46

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseRegional BrokersHigh potential risk

2.46

Score

50

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