Feb 3 - 7, 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 February 3 to 7, 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 in This Week

Scam Brokers You Should Avoid

● Pocket Option - a fake broker warned by many financial regulators;
● META TRANSACTION - a dubious investment website operating without the required authorization;
● Maple Bit - a suspicious broker warned by the BCSC;
● Dynasty Trade - a fraudulent trading platform flagged by the BaFin;
● EasyAlgo - an unauthorized trading platform carrying a warning from the CNMV;
● VAVATREE - an unregulated broker flagged by the FCA;
● INCORE INVESTMENT - an unlicensed investment site flagged by both the CNMV and the CONSOB;
● FX Digital - a clone firm revealed by the FCA;
● VENUSTRADE - an unverified trading platform that appears to be involved in fraud schemes;
● SKYTRADE ASSET COMPANY - a non-regulated online platform that has been warned by the FCA;
● COMPARE KRYPTO (aka COMPAREKRYPTO.UK LIMITED) - a deceitful online platform having fabricated a registration license to deceive investors; Warned by the FCA;
● KITE FX - an anonymous entity flagged by the FCA;
● Swizz Investment Options Limited - an unregistered investment firm flagged by the FCA;
● FX Prime Holdings - a fake broker exposed by the FCA;
● CRPTRADE - a crook broker warned by the CNMV;
● Wealth Innovations Group - a scam platform that has disabled their website and then escaped;
● Mic Market - a shady financial firm using fake regulation claims to fool people; Flagged by the NZ FMA;
● RoboFund - a con artist uncovered by the BaFin;
● TRADEBUCKS - a potential scam red-flagged by the FCA.

Among the unlicensed forex brokers mentioned, Pocket Option is one of the brokers that often receive complaints from its clients. The BrokersView team alerts about the risks when dealing with the unregulated broker. You may search the broker on BrokersView News and BrokersView Claims and find more real reviews about it.

Other Asked Brokers

In addition to the scam brokers above,  BelleoFX was also mentioned by users. The broker claims its registration with Mauritius FSC but no detail can be used for verification. Besides, BelleoFX was warned by the financial regulators in Spain and the UK. Investors should thoroughly investigate a broker's regulatory status before making any investment decisions.

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 "account blocking”.

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.