Dec 23-27, 2024 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 23 December 2024 to 27 December 2024 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 in This Week

Scam Brokers You Should Avoid

● Goldbysell24 - a fraudulent trading platform using fake information to fool investors; Blacklisted by the CONSOB;
● TRADEBUCKS - a new investment website unlicensed, having a warning from the FCA;
● NovaProfiting - an anonymous financial company flagged by the BaFin;
● Forexeur - a shady entity misleading investors with false regulatory statements; Flagged by the OSC;
● Verbo Capital (Pty) Ltd - an unlicensed entity marked by the HK SFC;
● Liberty Capital - a shady broker deceiving unwitting investors by falsely claiming to be licensed by the SCB;
● FXOTP - an alleged offshore broker not authorized to provide financial services or products;
● DAILYBROKERS - a deceitful broker falsely asserting to be registered in St. Vicent and The Grenadines;
● Angel Markets - an unscrupulous trading platform lying about its regulatory status; Flagged by the Swiss FINMA;
● InvestTraders - a malicious investment website flagged by the FCA;
● InvestInspire Limited - an unknown investment firm warned by the BCSC;
● XPORTAL - a foreign exchange fraud flagged by the AMF;
● SydneyFX - a non-supervised trading platform operating out of the regulatory frameworks;
● STForex - an offshore forex broker operating without the necessary licenses;
● Atex coin - an unregulated broker warned by the FCA;
● Wtcentral - a fraudulent trading platform uncovered by the Belgian FSMA;
● CRPTRADE - an unauthorized online investment platform flagged by the CNMV;
● CAPITALEGAIN - an untrustworthy broker flagged by the FCA;
● Theelitetradeltd - a non-supervised trading platform carrying a warning from the FCA;
● DBTfinancial - an unverified financial entity uncovered and warned by BaFin;
● APG PRIME - a crook company falsely claiming to be supervised by the NFA;
● Continental Invest Ltd - a fake trading platform flagged by both the CNMV and the CONSOB;
● CDF - a bogus platform fabricating licensing details to scam people;
● DK Global Forex Limited - an unreliable CFD trading platform warned by both the AMF and the CNMV;
● FX CAPITALPRO - an allegedly UK-based entity flagged by the FCA for carrying on unlicensed financial activities;
● Tradesmart - an offshore broker operating without valid licenses in the industry;
● XTrade Plus - an unscrupulous trading platform flagged by the FSA Seychelles;
● Centage Premium - a dishonest broker unauthorizedly using other unrelated entities' licensing details to appear real; Flagged by the CySEC;
● Expattradings - a fraud trading platform falsely claiming to be registered with the Belize FSC;
● A1FXTRADING - a dubious platform flagged by the FCA, falsely claiming to be licensed by the CySEC;
● LitroFxMarket - a scam broker flagged by the Financial Commission;
● Ande Finance - an unlicensed trading platform in the lack of transparency; Warned by the FCA;
● CapitalTradeX - a company purporting to be domiciled in the US yet without the required licenses; Warned by the OSC;
● Oxford Trader - a non-regulated trading platform falsely claiming to be licensed by the Belize FSC;
● Alphatrade Pro - an unsupervised trading platform red-flagged by the FCA.

Global financial watchdogs warn unlicensed forex brokers for reference and investors are suggested to search for the warning lists before making investment decitions. In addition, please beware that the Financial Services Authority (FSA) of Saint Vincent and the Grenadines is not a financial regulator, and the registration with the Authority can not be regarded as financial authorization.

BrokersView consistently urges traders to conduct thorough due diligence to protect their investments. 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.