Mazi Finance Scam Exposure: A Warning to Indian Traders
Latest India Mazi Finance scam: Failed XAUUSD execution despite margin, costing $675—fake “insufficient balance” excuse. Protect funds, read the full report now!
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Abstract:In this article, we introduce Saxo, IB, TriumphFX, SaracenMarkets, Webull, eToro, CMC Markets, ActivTrades, TOPONE Markets, and IronFX—linking directly to their WikiFX profiles. We will give you a close look at these brokers based on their basic info, updates, feedback, etc.

In this article, we introduce Saxo, IB, TriumphFX, SaracenMarkets, Webull, eToro, CMC Markets, ActivTrades, TOPONE Markets, and IronFX—linking directly to their WikiFX profiles. We will give you a close look at these brokers based on their basic info, updates, feedback, etc.
Saxo Bank
https://www.wikifx.com/en/dealer/0001734976.html
basic Information
Headquartered in Copenhagen, Saxo Bank is a Danish investment bank founded in 1992, offering Forex, stocks, CFDs, futures, and more through its SaxoTraderGO and SaxoTraderPRO platforms.
Recent updates
In March 2025, J. Safra Sarasin agreed to acquire a 70% stake in Saxo Bank for €1.1 billion, valuing the bank at €1.6 billion.
Saxo holds an overall Trustpilot rating of 3.7/5 (global reviews) and 4.4/5 for Saxo Switzerland, with users praising fast execution but noting occasional platform glitches. On WikiFX, there are more than 30 complaints against this broker. One of the traders claimed this broker “scammed the people.”

Interactive Brokers (IB)
WikiFX: https://www.wikifx.com/en/dealer/0001646186.html
Basic Information
Founded by Thomas Peterffy in 1977, IBKR offers direct-market access across 160+ venues, with advanced trading tools in IBKR Desktop and TWS.
Recent Updates
In April 2025, IBKR launched “Forecast Contracts” in Canada, letting clients trade on economic and political event outcomes.
IBKR averages ~3.2/5 on Trustpilot, with complaints about UI complexity and opaque fee structures, but praise for low commissions.
On WikiFX, there are more than 10 complaints against it. Some traders claimed this broker doesnt allow withdrawals. You can go to the WikiFX IB page for more information.

TriumphFX
https://www.wikifx.com/en/dealer/9271730731.html
Basic Information
Launched in 2018, TriumphFX provides MetaTrader 4 access, competitive spreads, and 24/5 support. TriumphFX recently rolled out a zero-swap weekend program for Islamic accounts, drawing regional trader interest.
Holds 4.0/5 on Trustpilot (≈1,200 reviews), with users lauding responsive support, but some reporting slow withdrawals. On WikiFX, we also find nearly 30 complaints. Some brokers claimed that this broker is a scam.

SaracenMarkets
https://www.wikifx.com/en/dealer/1298146894.html
Basic Information
Established in London, SaracenMarkets is known for institutional-grade pricing and FIX/API connectivity.
Recent Updates
Announced integration with Refinitiv data feeds in May 2025 to enhance liquidity selection.
There are also mixed comments on WikiFX:
Webull
https://www.wikifx.com/en/dealer/1238913678.html
Basic Information
Webull began in 2017 as a mobile-first US broker offering commission-free stocks, ETFs, options, and now forex.
https://www.wikifx.com/en/dealer/0001283907.html
Founded 2007, eToro pioneered social trading—with copy portfolios and crypto on its multi-asset platform.
CMC Markets
https://www.wikifx.com/en/dealer/0361475237.html
ActivTrades
https://www.wikifx.com/en/dealer/2074003578.html
TOPONE Markets
https://www.wikifx.com/en/dealer/1361638425.html
https://www.wikifx.com/en/dealer/4697460442.html
Click your preferred broker above to read full reviews and join the conversation on social media!

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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