WEEKLY SCAM BROKERS LIST IS OUT! Check it now

If you missed this week's fraud brokers list and are finding it difficult to track them one by one — don‘t worry! We’ve brought together all the scam brokers you need to avoid, all in one place. Check this list now to stay alert and protect yourself from fraudulent brokers.

1. Pocket Option – The first broker you need to stay away from is Pocket Option. Here's why:

a. Lack of Regulation – The company behind Pocket Option, Infinite Trade LLC, is registered in the Republic of Costa Rica (San José – Mata Redonda, Neighborhood Las Vegas, Blue Building, diagonal to La Salle High School) with registration number 4062001303240. This registration location and lack of oversight by a reputable regulatory authority is a serious red flag for investors.

b. FCA Warning – In 2021, the UKs regulator, the Financial Conduct Authority (FCA), issued a warning against this broker. The FCA stated that the firm is not authorised to operate in the UK and is targeting UK residents. Investors were warned that they would not be protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if they deal with this broker

c. Extremely Low Score- According to WikiFX, Pocket Option has a low score of 1.71 out of 10 which is a critical red flag. A score below 2 suggests severe trust issues. A rating of 1.71 is a guaranteed warning sign that this broker is unsafe for trading or investment.

If you want to read a more detailed article about this broker, you can click the link and read - www.wikifx.com/en/newsdetail/202507222934295636.html

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2.UC Markets – UC Markets is a red flag too because of the following reasons:

a. Ghost Presence- One of the biggest red flags is that UCMarkets has almost no online presence. When we searched for it on Google, we couldn't find any information — no verified reviews, no detailed articles, and no real discussions in trading forums. This lack of visibility makes it clear that the broker may not be operating legitimately.

b. Extremely Low Trust Score- When a broker has no online reputation, one of the best ways to evaluate it is through rating platforms. According to WikiFX, UCMarkets has a low score of 1.37 out of 10 which is a critical red flag. A score below 2 suggests severe trust issues. A rating of 1.37 is a guaranteed warning sign that this broker is unsafe for trading or investment.

c. Official Warning from WikiFX- Our investigation revealed that WikiFX has issued an official warning against UCMarkets. The warning is direct and clear:

Warning: Low score, please stay away!

If you want to read a more detailed article about this broker, you can click the link and read- www.wikifx.com/en/newsdetail/202507226494774722.html

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3. SevenStar FX – Read the valid reasons below to avoid this broker.

a. No Valid Regulation- SevenStar FX does not hold a license from any well-known or trusted financial regulator such as the FCA (UK), ASIC (Australia), CySEC (Cyprus) etc. Lack of valid regulation is often a warning sign of an investment scam, where the broker exists only to take deposits and disappear or create obstacles when clients try to withdraw funds.

b. Low Score - We checked rating of this broker on WikiFX, a well-known platform for evaluating forex brokers, and found that it has an alarmingly low score of 2.35 out of 10. A low rating usually indicates multiple red flags, including poor customer reviews, lack of proper regulation, and questionable business practices.

c. Extremely Positive Marketing- When we searched for information about SevenStar FX, we noticed that most platforms are flooded with overly positive reviews.The feedback is almost entirely favorable, without any criticism or negative experiences reported. Such extremely positive marketing often serves as a strategy to build a false sense of credibility and lure unsuspecting traders into depositing money.

If you want to read a more detailed article about this broker, you can click the link and read- www.wikifx.com/en/newsdetail/202507217514258601.html

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4. Fusion Trade – The following red flags have been spotted against Fusion Trade that you shouldn't ignore.

a. Non Functional Website - One of the first red flags is when you search for the broker's website and it doesn‘t open or even appear properly in search results. A non-functional website is a major warning sign. A legitimate broker will always have a fully operational, professional-looking website that is accessible and regularly updated. If the website is broken, offline, or missing key pages, it raises serious concerns about the company’s legitimacy.

b. Extremely Low Score- A brokers score is important when picking a trading platform. A high score builds trust and makes clients feel confident to invest. But a low score causes doubt and makes people less likely to trust the broker. Primarkets has a low score of 1.34 out of 10 on WikiFX.

c. FCA Warning –In 2023, The well-known financial regulator FCA (Financial Conduct Authority) recently issued a public warning against Fusion Trade, stating that the firm is unregulated and operating without a proper license.

If you want to read a more detailed article about this broker, you can click the link and read- www.wikifx.com/en/newsdetail/202507215624102416.html

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