Blacklist of Forex Scam Brokers-Forex Trading Scams-WikiFX

Suspicious Clone

Elite Capitals

1.53

Score

5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.53

Score

Regulated

LiteForex

4.99

Score

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

4.99

Score

Suspicious Clone

FXDD

2.42

Score

5-10 yearsSuspicious Regulatory LicenseWhite label MT4Suspicious OverrunHigh potential risk

2.42

Score

No Regulation

Galileo FX

1.45

Score

2-5 yearsSuspicious Regulatory LicenseHigh potential risk

1.45

Score

4

No Regulation

BotBro

1.39

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.39

Score

5

Regulated

TOPONE Markets

2.24

Score

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

2.24

Score

6

Exceeded

Xtrade

1.68

Score

5-10 yearsRegulated in BelizeCommon Financial Service LicenseSelf-developedAustralia Market Maker (MM) RevokedSuspicious OverrunHigh potential riskOffshore Regulated

1.68

Score

7

No Regulation

Yorker Capital Markets

1.31

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.31

Score

8

Regulated

Alpari

1.76

Score

5-10 yearsRegulated in BelarusRetail Forex LicenseRegional BrokersHigh potential risk

1.76

Score

9

Suspicious Clone

XTrend Speed

1.62

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedSuspicious OverrunHigh potential risk

1.62

Score

10

Lots of Complaints

FXPRIMUS

2.46

Score

10-15 yearsRegulated in CyprusMarket Maker (MM)White label MT4South Africa Financial Service Corporate ExpiredSuspicious OverrunHigh potential riskOffshore Regulated

2.46

Score

11

Lots of Complaints

Deleno IFC

1.26

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.26

Score

12

Suspicious Clone

Velos

1.84

Score

Within 1 yearSuspicious Regulatory LicenseMT5 Full LicenseRegional BrokersHigh potential risk

1.84

Score

13

Offshore Regulated

VENTEZO

4.42

Score

2-5 yearsRegulated in SeychellesRetail Forex LicenseMT4 Full LicenseRegional BrokersHigh potential riskOffshore Regulated

4.42

Score

14

No Regulation

TradeEU Global

1.24

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.24

Score

15

Exceeded

Vonway

3.01

Score

5-10 yearsRegulated in Hong KongCommon Business RegistrationMT4 Full LicenseGlobal BusinessSuspicious OverrunMedium potential risk

3.01

Score

16

Suspicious Clone

DCFX

1.43

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.43

Score

17

No Regulation

Grand Capital

2.32

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.32

Score

18

Suspicious Clone

InstaForex

1.66

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedRegional BrokersHigh potential risk

1.66

Score

19

No Regulation

RIF-CAPITAL

1.26

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.26

Score

20

Offshore Regulated

INZO

4.43

Score

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

4.43

Score

21

Suspicious Clone

Sway Markets

1.45

Score

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

1.45

Score

22

No Regulation

APX Prime

2.09

Score

2-5 yearsSuspicious Regulatory LicenseMT4 Full LicenseGlobal BusinessHigh potential risk

2.09

Score

23

No Regulation

Validus

1.38

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.38

Score

24

No Regulation

Kraken

1.55

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessHigh potential risk

1.55

Score

25

No Regulation

Orfinex

1.94

Score

2-5 yearsSuspicious Regulatory LicenseMT5 Full LicenseRegional BrokersAustralia Appointed Representative(AR) RevokedSuspicious OverrunHigh potential risk

1.94

Score

26

No Regulation

BKYHYO

1.47

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.47

Score

27

No Regulation

Hero FX

1.42

Score

2-5 yearsSuspicious Regulatory LicenseRegional BrokersHigh potential risk

1.42

Score

28

Regulated

VSTAR

4.19

Score

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

4.19

Score

29

No Regulation

Bitso

1.40

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.40

Score

30

No Regulation

ASJ Forex

1.45

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.45

Score

31

No Regulation

Kwakol Markets

1.46

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessAustralia Appointed Representative(AR) RevokedHigh potential risk

1.46

Score

32

Exceeded

CLSA Premium

1.52

Score

Listed 5-10 yearsRegulated in New ZealandFinancial Service CorporateSuspicious Scope of BusinessHong Kong Leveraged foreign exchange trading RevokedSuspicious OverrunHigh potential risk

1.52

Score

33

Suspicious Clone

ManCu

1.24

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.24

Score

34

No Regulation

Zeno Markets

1.42

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.42

Score

35

No Regulation

Vast Forex

1.45

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.45

Score

36

No Regulation

KOT4X

1.54

Score

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

1.54

Score

37

No Regulation

AssetsFX

2.39

Score

10-15 yearsSuspicious Regulatory LicenseMT5 Full LicenseRegional BrokersHigh potential risk

2.39

Score

38

Scam Brokers

GlobTFX

1.15

Score

Scam Brokers1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.15

Score

39

Suspicious Clone

Msemc

1.14

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.14

Score

40

No Regulation

QUOTEX

1.46

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.46

Score

41

No Regulation

Aximtrade

1.57

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedAustralia Appointed Representative(AR) RevokedHigh potential risk

1.57

Score

42

No Regulation

HCapitalForex

1.29

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.29

Score

43

No Regulation

NFG Finance

1.29

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.29

Score

44

No Regulation

Warren Bowie & Smith

1.39

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.39

Score

45

No Regulation

Pocket Option

1.55

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessHigh potential risk

1.55

Score

46

Offshore Regulated

GO4REX

1.53

Score

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

1.53

Score

47

Offshore Regulated

Giraffe Markets

4.40

Score

1-2 yearsRegulated in Saint LuciaBusiness RegistrationMT5 Full LicenseRegional BrokersMedium potential riskOffshore Regulated

4.40

Score

48

Regulated

Wealthengine

3.15

Score

Within 1 yearRegulated in AustraliaAppointed Representative(AR)Suspicious Scope of BusinessHigh potential risk

3.15

Score

49

No Regulation

COINEXX

2.30

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.30

Score

50

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