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

Offshore Regulated

Yorker Capital Markets

3.36

Score

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

3.36

Score

Regulated

Valbury

4.54

Score

10-15 yearsRegulated in IndonesiaRetail Forex LicenseSuspicious Scope of BusinessUnited Kingdom Straight Through Processing(STP) RevokedHigh potential risk

4.54

Score

No Regulation

Galileo FX

1.44

Score

2-5 yearsSuspicious Regulatory LicenseRegional BrokersHigh potential risk

1.44

Score

4

Regulated

LiteForex

4.99

Score

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

4.99

Score

5

Exceeded

Titan Capital Markets

1.39

Score

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

1.39

Score

6

No Regulation

KOT4X

1.54

Score

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

1.54

Score

7

No Regulation

Hero FX

1.41

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.41

Score

8

Regulated

Alpari International

1.75

Score

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

1.75

Score

9

Suspicious Clone

Ox Securities

1.57

Score

5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.57

Score

10

Suspicious Clone

FXDD

2.41

Score

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

2.41

Score

11

Lots of Complaints

Deleno IFC

1.23

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.23

Score

12

Exceeded

Verbo Capital

3.93

Score

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

3.93

Score

13

No Regulation

TradeEU Global

1.21

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.21

Score

14

Offshore Regulated

VENTEZO

4.40

Score

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

4.40

Score

15

Exceeded

Xtrade

1.68

Score

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

1.68

Score

16

Exceeded

WELTRADE

2.61

Score

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

2.61

Score

17

Regulated

GFS

4.21

Score

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

4.21

Score

18

Suspicious Clone

Deriv

2.31

Score

5-10 yearsSuspicious Regulatory LicenseMT5 Full LicenseGlobal BusinessHigh potential risk

2.31

Score

19

Scam Brokers

BBI Trading

1.50

Score

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

1.50

Score

20

Suspicious Clone

DCFX

1.42

Score

2-5 yearsSuspicious Regulatory LicenseHigh potential risk

1.42

Score

21

No Regulation

Bitso

1.39

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.39

Score

22

Lots of Complaints

FXPRIMUS

2.46

Score

10-15 yearsRegulated in CyprusMarket Making(MM)White label MT4Regional BrokersSouth Africa Financial Service Corporate ExpiredSuspicious OverrunHigh potential riskOffshore Regulated

2.46

Score

23

No Regulation

TREASURY VAULT

1.52

Score

5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.52

Score

24

No Regulation

COINEXX

2.29

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseHigh potential risk

2.29

Score

25

Regulated

TOPONE Markets

2.23

Score

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

2.23

Score

26

Exceeded

Vonway

3.00

Score

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

3.00

Score

27

Offshore Regulated

INZO

4.42

Score

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

4.42

Score

28

Suspicious Clone

InstaForex

1.65

Score

5-10 yearsSuspicious Regulatory LicenseSelf-developedGlobal BusinessHigh potential risk

1.65

Score

29

No Regulation

APX Prime

2.08

Score

2-5 yearsSuspicious Regulatory LicenseMT4 Full LicenseGlobal BusinessHigh potential risk

2.08

Score

30

Suspicious Clone

BTC DANA

1.32

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessSuspicious OverrunHigh potential risk

1.32

Score

31

Exceeded

CXM Direct

4.21

Score

10-15 yearsRegulated in United KingdomInvestment Advisory LicenseMT4 Full LicenseGlobal BusinessSuspicious OverrunMedium potential risk

4.21

Score

32

No Regulation

BKYHYO

1.46

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.46

Score

33

No Regulation

Kraken

1.54

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessHigh potential risk

1.54

Score

34

Exceeded

Orfinex

2.00

Score

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

2.00

Score

35

No Regulation

Grand Capital

2.31

Score

5-10 yearsSuspicious Regulatory LicenseMT4 Full LicenseRegional BrokersHigh potential risk

2.31

Score

36

Offshore Regulated

OtetMarkets

4.78

Score

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

4.78

Score

37

Offshore Regulated

Capitalix

1.49

Score

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

1.49

Score

38

No Regulation

Warren Bowie & Smith

1.37

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.37

Score

39

No Regulation

Pocket Option

1.54

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessHigh potential risk

1.54

Score

40

Offshore Regulated

GO4REX

1.52

Score

5-10 yearsRegulated in SeychellesRetail Forex LicenseHigh potential riskOffshore Regulated

1.52

Score

41

No Regulation

LKLEE

1.16

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.16

Score

42

Regulated

GlobTFX

4.27

Score

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

4.27

Score

43

No Regulation

RIF-CAPITAL

1.23

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.23

Score

44

No Regulation

Plexytrade

1.86

Score

1-2 yearsSuspicious Regulatory LicenseMT4 Full LicenseGlobal BusinessHigh potential risk

1.86

Score

45

No Regulation

Hankotrade

1.52

Score

5-10 yearsSuspicious Regulatory LicenseGlobal BusinessHigh potential risk

1.52

Score

46

No Regulation

Kwakol Markets

1.96

Score

2-5 yearsSuspicious Regulatory LicenseWhite label MT5Global BusinessAustralia Appointed Representative(AR) RevokedHigh potential risk

1.96

Score

47

No Regulation

Validus

1.36

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.36

Score

48

No Regulation

Zeno Markets

1.41

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.41

Score

49

No Regulation

ASJ Forex

1.44

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

1.44

Score

50

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