Apr 14-18, 2025 Q&A Weekly Review - What's Asked This Week?

BrokersView provides a weekly update called "Q&A Weekly Review" that keeps traders informed about the latest regulatory status and trading details of brokers mentioned by our users.

The update covers the period from 14 April 2025 to 18 April 2025 and categorizes the brokers into two groups: scammers and regulated ones. This helps traders know if a broker is subject to the necessary rules and principles. The review also summarizes the most concerning issues related to brokers based on questions asked by our users.

Brokers Asked This Week

Scam Brokers You Should Avoid

● ByStockIndex - a suspicious trading platform warned by the FCA;

● MBFX - a fraudulent trading platform that has defrauded money out of investors;

● FPQuantumAI - a fraud site misrepresenting its legitimacy by falsely claiming to be associated with a legitimate entity; The CONSOB has ordered the website to be shut down;

● Luxanpros LTD (aka Luxan Capital) - an unverified trading platform warned by the FI;

● Fasatgh - a shady broker falsely claiming to be licensed; Warned by the BaFin;

● Aquila Markets - a dubious trading platform flagged by the FI;

● Mega26 - a malicious investment site warned by the BaFin;

● Purevision Trader - an unscrupulous trading platform warned by the BCSC;

● CAPITAL TOWER - a scam trading platform blacklisted by the CNMV;

● LIOCABMARKET - an unreliable trading platform uncovered by the FCA;

● Harmony FX Pro Org - an unauthorized financial firm red-flagged by the FCA;

● NEXUS500 - a non-supervised trading platform on the CNMV's warning list;

● Simply Bit - an unauthorized online trading platform having a warning from the BCSC;

● Pexotera - an unlicensed financial site marked as fraudulent by the FSMA;

● VENTURES TRADE - an anonymous trading platform on the CNMV's alert list;

● Minsk Wealth Ltd - a non-regulated trading platform warned by the FCA;

● iTradingFX - an unethical broker misleading investors with unfounded registration information; Warned by the CySEC;

● Kamislaran - an unsupervised financial site added to the CySEC's warning list;

● HeroMarkets It - a con artist on the CySEC's alert list;

● VENUSTRADE - an unknown entity providing financial services without a license;

● Marketswind - a potential scam warned by the FCA;

● Amxer Markets - an offshore ECN broker that doesn't have any valid financial licenses;

● ZIRCONFX - an unreliable trading platform warned by both the CNMV and the FCA;

● Digital Wealth Trade - an untrustworthy financial site warned by the FCA;

● GLOBAL WAVE FX - an allegedly UK-based financial firm, yet not authorized by the FCA;

● Bipas Swift Trade - an illicit financial site warned by the FCA;

● WEALTH COMPLEX - an illegitimate investment website red-flagged by the FCA as unauthorized;

● CoreInvests - an unregistered financial website warned by both the FINMA and the CySEC;

● Liberty Invested Limited - a fraud scheme blacklisted by the CONSOB;

● BlocksBrokers - an unsafe trading platform red-flagged by the FCA;

● AlgosOne - an investment platform not licensed to provide services; Warned by the FSMA;

● Alpexoplus - a suspicious financial website in the forex market, warned by the AMF.

Other Asked Brokers

In addition to the aforementioned scam brokers, we've received inquiries about these brokers, including Octa, FBS, and MTrading. Although these brokers are providing financial services or products within regulatory frameworks, they just have a relatively lower risk than those unlicensed ones. To safeguard your interests at best, it is critical to bear in mind that licenses and oversight cannot completely eliminate investment risks and the possibility of violations.

If you’re unsure whether a license is valid or if the issuing authority has legal oversight, don’t hesitate to visit our website. We currently have over 5,000 broker reviews available for you to browse through. You can access all of the reviews here.

Questions of The Week

Apart from the commonly asked question - "whether a broker is licensed/safe or not," we have noticed that our users are particularly interested in features and safety.

Conclusion

If you are considering investing in forex trading but are uncertain about a broker's qualifications, or if you simply want to gather more information about forex brokers, please feel free to "Ask A Question" in our Q&A section.