Jan 6 - 10, 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 January 6 to 10 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

● 24Tradex - an unlicensed investment website red-flagged by CONSOB and CNMV;

● KonohaFX - an unauthorized firm flagged by the FCA;

● Testimonyfrstrd - an unverified trading platform carrying a warning from the FCA;

● Fintexa - a dishonest broker falsely claiming to be multi-regulated; Warned by the BaFin;

● New Goal Investment - a dubious investment website currently disabled; Warned by the FCA;

● RoxoFX - an unregulated broker flagged by the FCA;

● FXNC FINANCIAL - a scam broker on the CNMV's warning list;

● cputrades.com - an unethical trading platform lying about its regulatory status; Warned by the FCA;

● Quotex - a swindling trading platform facing numerous complaints from victims;

● JS - a clone firm identified by the FCA;

● forexeze.com - an illicit investment website exposed by the FCA;

● Incore Forex - an unregulated broker in the UK, not authorized by the FCA;

● Atcfx - an untrustworthy broker lying about its legal status;

● Exotic FX - an offshore forex broker not supervised for compliance with the industry rules;

● Exnova - a fraudulent trading platform that has swindled money out of many victims;

● Solid Trader - an unauthorized financial firm in the UK flagged by the FCA;

● CERTIFIED TRADERS FINANCE - a non-supervised financial services provider on the FCA's warning list;

● LuxQuotes - a swindler falsely claiming to be authorized by the CSSF;

● NYBOT Global - a non-regulated trading platform;

● Future Flare Finance - an unscrupulous trading platform having a warning from the FCA;

● Monetio - a suspicious financial website warned by the FCA;

● CORTIS FX - an unknown CFD broker from which investors should stay away;

● Clone A. Eternity Capital Management - a serious identity fraud flagged by the CySEC;

● FASTEXCHANGE INVESTING - a malicious trading platform using a liquidated company's information to fool investors; Warned by the FCA;

● Rohkatech - an unregulated trading platform fabricating information about its regulatory status; On the CySEC's warning list;

● VortexGI - a newly registered trading platform lacking valid information about its legitimacy and compliance; Flagged by BaFin;

● Axe Trade Capital - a fraudulent trading platform flagged by the Belgian FSMA;

● M.B.F. MANAGEMENT LIMITED - a tricky broker that has changed domain names to dodge accountability; Repeatedly warned by the FCA;

● Elegantopex - a deceitful platform warned by the CySEC;

● ELITEVISION - an unverified broker standing on the investor alert list of the CNMV;

● Atlas Trade Finance - a suspicious trading platform uncovered by the FCA.

Deceptive brokers and the financial traps they set are especially dangerous for unsuspecting individuals, and BrokersView strongly recommends that traders conduct thorough research and verify the legitimacy of brokers 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.