Apr 7-11, 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 7 April 2025 to 11 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

● BIW Management Trade - a scam platform warned by the FCA;

● Smartequitypulse - a dubious trading platform red-flagged by the FCA;

● MORE INVST - an untrustworthy broker misleading investors with a suspicious CH registration certificate; Warned by the FCA;

● GLOBALMINERSFX - a suspicious brokerage firm carrying a warning from the FCA;

● ByStockIndex - an unreliable financial website warned by the FCA;

● Vector Fin - a scam platform warned by the BaFin;

● Gate Pander - a shady broker that changed its domain name after its suspicious investment activities were detected by the FCA;

● Wolf Markets - a potential scam site warned by the FI;

● Weisshub Fin - an unverified trading platform warned by the BaFin;

● Trade121 Capital Ltd - a dishonest online platform carrying an FCA warning;

● VENTUROMIX - an unregistered investment company on the CNMV's warning list;

● CrescoNexus - an anonymous financial firm warned by the FCA;

● ENERGY FX - an unknown trading platform that the FCA advises to stay clear of;

● Apex Solutions Ltd - a shady broker using fake regulators' licenses to fool investors; Warned by the FCA;

● CAPITAL TOWER - an unlicensed investment platform blacklisted by the CNMV;

● Audacity Capital - an unscrupulous financial site carrying a warning from the FCA;

● AXISFX - an unethical broker lying about its registration; Flagged by the FCA;

● BlocksBrokers - a malicious investment website warned by the FCA for being absent from the authority's register;

● Purevision Trader - a non-regulated trading platform warned by the BCSC;

● TRCryptoMasters - an unsupervised trading platform warned by the FCA;

● Hyper Trades - a crook broker creating the illusion of being legitimate; Warned by the BCSC;

● VEX GROUP - a dangerous trading platform red-flagged by the CNMV;

● RIMCgroup - a non-supervised trading platform on which both the FSMA and the FCA advise against trading;

● GoldenLevel - a risky trading platform warned by both the FCA and BaFin;

● AlgoBitTrade - an unreliable trading platform in the lack of transparency; Warned by the BCSC;

● Pioneer Markets - an offshore brokerage firm warned by the BCSC;

● EVETRADEOPTIONS - a purported British trading platform red-flagged by the FCA for not being authorized;

● Fibovest - an unauthorized financial platform warned by the BCSC;

● SydneyFX - an untrustworthy investment site uncovered by the FCA;

● NETOPTIONTRADE - an illegitimate trading platform not authorized to carry on investment activities;

● NeroFX - a scammer that has shut down the website to dodge accountability;

● FXCR - an supposedly offshore entity whose registration has been canceled;

● Top Incredible Trade - a fraudulent trading platform having a warning from the FCA;

● Swiss Capital Management - an illicit trading platform on the FCA's investor alert list;

● Trade Alliance Ltd - an unlicensed trading platform using fake registration information to fool the public; Warned by the FCA;

● Genix Options - a scam platform using a website template to appear professional; Warned by the FCA.

Traders are urged to avoid dealing with the above fake brokers. Multiple client reports confirm withdrawal problems and suspected scams. Always verify a broker's regulatory status and conduct thorough due diligence before investing or depositing funds.

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.

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.