Blacklist of Forex Scam Brokers-Forex Trading Scams-WikiFX

No Regulation

BotBro

1.37

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.37

Score

Exceeded

Titan Capital Markets

1.38

Score

2-5 yearsRegulated in AustraliaCommon Business RegistrationSuspicious Scope of BusinessAustralia Appointed Representative(AR) RevokedSuspicious OverrunHigh potential risk

1.38

Score

Offshore Regulated

Yorker Capital Markets

3.35

Score

1-2 yearsRegulated in ComorosRetail Forex LicenseMT5 Full LicenseRegional BrokersHigh potential riskOffshore Regulated

3.35

Score

Regulated

LiteForex

4.99

Score

15-20 yearsRegulated in CyprusStraight Through Processing(STP)MT4 Full LicenseRegional BrokersHigh potential risk

4.99

Score

4

No Regulation

Galileo FX

1.44

Score

2-5 yearsSuspicious Regulatory LicenseRegional BrokersHigh potential risk

1.44

Score

5

Scam Brokers

BBI Trading

1.49

Score

Scam Brokers5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.49

Score

6

No Regulation

KOT4X

1.53

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessAustralia Appointed Representative(AR) RevokedHigh potential risk

1.53

Score

7

No Regulation

Hero FX

1.41

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.41

Score

8

No Regulation

GRIC FX

1.48

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.48

Score

9

Suspicious Clone

Ox Securities

1.57

Score

5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.57

Score

10

Exceeded

Verbo Capital

3.90

Score

Within 1 yearRegulated in South AfricaFinancial Service CorporateMT5 Full LicenseRegional BrokersSuspicious OverrunMedium potential risk

3.90

Score

11

Regulated

Alpari International

1.75

Score

5-10 yearsRegulated in BelarusRetail Forex LicenseGlobal BusinessBelize Retail Forex License RevokedHigh potential risk

1.75

Score

12

No Regulation

NABDG

1.16

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.16

Score

13

Regulated

GFS

4.21

Score

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

4.21

Score

14

No Regulation

TREASURY VAULT

1.52

Score

5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.52

Score

15

No Regulation

LKLEE

1.14

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.14

Score

16

No Regulation

COINEXX

2.29

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.29

Score

17

Regulated

Ultima Markets

4.75

Score

5-10 yearsRegulated in CyprusStraight Through Processing(STP)MT4 Full LicenseGlobal BusinessHigh potential risk

4.75

Score

18

No Regulation

Plexytrade

1.84

Score

1-2 yearsSuspicious Regulatory LicenseMT4 Full LicenseGlobal BusinessHigh potential risk

1.84

Score

19

Suspicious Clone

FXDD

2.41

Score

5-10 yearsSuspicious Regulatory LicenseWhite label MT4Regional BrokersSuspicious OverrunHigh potential risk

2.41

Score

20

No Regulation

Pocket Option

1.54

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessHigh potential risk

1.54

Score

21

Exceeded

CXM Direct

4.21

Score

5-10 yearsRegulated in United KingdomInvestment Advisory LicenseMT4 Full LicenseGlobal BusinessSuspicious OverrunMedium potential risk

4.21

Score

22

Lots of Complaints

Deleno IFC

1.21

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.21

Score

23

Offshore Regulated

Capitalix

1.48

Score

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

1.48

Score

24

Offshore Regulated

OtetMarkets

4.77

Score

1-2 yearsRegulated in ComorosRetail Forex LicenseMT5 Full LicenseGlobal BusinessHigh potential riskOffshore Regulated

4.77

Score

25

Lots of Complaints

NEWRGY IMEX

1.20

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.20

Score

26

No Regulation

Hankotrade

1.52

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessHigh potential risk

1.52

Score

27

Regulated

GlobTFX

4.25

Score

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

4.25

Score

28

No Regulation

Will

1.44

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.44

Score

29

No Regulation

TradeEU Global

1.19

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.19

Score

30

Scam Brokers

MTFE

1.41

Score

Scam Brokers2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.41

Score

31

No Regulation

WM Markets

1.95

Score

1-2 yearsSuspicious Regulatory LicenseMT5 Full LicenseGlobal BusinessHigh potential risk

1.95

Score

32

No Regulation

Gold Miner Finance

1.10

Score

Within 1 yearSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.10

Score

33

Offshore Regulated

Dollars Markets

3.86

Score

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

3.86

Score

34

No Regulation

Athens

1.42

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.42

Score

35

Scam Brokers

HERO

1.57

Score

Scam Brokers5-10 yearsSuspicious Regulatory LicenseAustralia Appointed Representative(AR) RevokedHigh potential risk

1.57

Score

36

No Regulation

MidasFX

1.32

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.32

Score

37

Exceeded

WELTRADE

2.61

Score

15-20 yearsRegulated in South AfricaFinancial Service CorporateMT4 Full LicenseSuspicious OverrunHigh potential risk

2.61

Score

38

No Regulation

EFX

1.40

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.40

Score

39

No Regulation

XPO

1.31

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.31

Score

40

Suspicious Clone

DCFX

1.41

Score

2-5 yearsSuspicious Regulatory LicenseHigh potential risk

1.41

Score

41

Exceeded

BizzTrade LTD

2.29

Score

Within 1 yearRegulated in United KingdomCommon Business RegistrationMT5 Full LicenseRegional BrokersSuspicious OverrunMedium potential risk

2.29

Score

42

Exceeded

Xtrade

1.67

Score

5-10 yearsRegulated in BelizeCommon Financial Service LicenseSelf-developedRegional BrokersAustralia Market Making(MM) RevokedSuspicious OverrunHigh potential riskOffshore Regulated

1.67

Score

43

Suspicious Clone

Deriv

2.31

Score

5-10 yearsSuspicious Regulatory LicenseMT5 Full LicenseGlobal BusinessHigh potential risk

2.31

Score

44

No Regulation

Renhe

1.94

Score

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

1.94

Score

45

No Regulation

Vital Markets

1.45

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.45

Score

46

Suspicious Clone

Aleos

1.10

Score

Within 1 yearSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.10

Score

47

No Regulation

Ventorus

1.31

Score

1-2 yearsSuspicious Regulatory LicenseSelf-developedSuspicious Scope of BusinessHigh potential risk

1.31

Score

48

No Regulation

Warren Bowie & Smith

1.37

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.37

Score

49

No Regulation

POSEIDON

1.49

Score

5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.49

Score

50