April 21-25, 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 April 21 to 25 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

● KnsTrade - an unreliable trading platform that doesn't disclose any information about its legal forms;
● Bipas Swift Trade - a shady broker using promise of high returns to solicit investments; Warned by the FCA;
● WEALTH COMPLEX - an unauthorized financial entity uncovered by the FCA;
● MASTERS CRYPTOTRADE - a suspicious investment website red-flagged by the FCA;
● Fxcs Global - a dubious trading platform on the FCA's warning list;
● FinanceFlux - an untrustworthy online trading platform carrying a warning from the FCA;
● Adroit Financiers - a fake online trading platform flagged by the NZ FMA;
● Chrontech - a risky investment site placed on the NZ FMA's warning list;
● Infinity Forex Funds - a scam trading platform that has defrauded many victims;
● Hedgecap Limited - a non-regulated trading platform sitting on the NZ FMA's alert list;
● MPK Trading Limited - an unlicensed broker warned by the NZ FMA;
● Optima Trust FX - an unsupervised brokerage firm flagged by the NZ FMA;
● Precisionmarketsoption - an illegitimate trading platform not supervised by any financial regulators;
● FleetForex - an unauthorized forex broker not regulated by any authorities;
● Preminentgoals - a fraudulent trading platform warned by the NZ FMA;
● Finitytrade - a trading platform allegedly based in the US but not registered with the NFA;
● Pinnacle Investment Limited - a dangerous trading platform labeled by the NZ FMA as fake;
● Specetech FX - an unscrupulous trading platform added to the warning list of the NZ FMA;
● QueenForex (UK) Ltd - an unethical trading platform lying about its regulatory status; Red-flagged by the FCA;
● SECURELIVETRADES - an unknown financial entity warned by the FCA;
● PROFITS STOCK FX - an unregistered trading platform having been warned by the FCA;
● Assexmarkets - an offshore CFD broker only registered as an IBC;
● DaxRise - a suspicious trading platform carrying a warning from the BaFin;
● AlphaWealtExpertise - a crook broker whose false regulatory statements have been refuted by the CONSOB;
● Topwealth Trading - a suspected investment scam that investors should stay clear;
● CircleMarketFx - a shady financial entity lying about its regulatory status to defraud unsuspecting investors;
● FAX LTD - a risky forex brokerage firm merely registered in St. Lucia as an IBC;
● Gold solutions - an anonymous trading platform exposed by the FCA;
● JHCwcb - a non-regulated trading platform investors should avoid;
● CryptoNovaPRO - an unauthorized trading platform on the FCA's warning list;
● Coyken - a scam trading platform formally warned by the ASIC and the NZ FMA;
● Peachlimit - an unethical trading platform misusing NZ company details;
● CapitalXTrade - a fraudulent trading platform whose website is currently down; Flagged by the NZ FMA;
● Alliancx Trades - an unauthorized financial entity carrying a formal warning from the FCA;
● SELFTRADEINV - an illicit investment company warned by the FCA.

Other Asked Brokers

In addition to the aforementioned scam brokers, we've received inquiries about these brokers, including Excentral. This broker was licensed by the Cyprus Securities and Exchange Commission (CySEC), but it has ceased operations. 

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 'money retrieve'.

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.