Mar 17-21, 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 17 March 2025 to 21 March 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

● A5 Markets - an unregulated trading platform that investors should stay clear;
● Apexforex Exchange - a broker allegedly in the US, but not registered with the NFA;
● LumiGain - a dishonest company warned by the BaFin;
● Lutex Shares - an unverified investment site carrying a warning from the FCA;
● FX Prime Holdings - a dubious trading platform red-flagged by the FCA;
● Rich Point Capital - a suspicious financial website blacklisted by the OSC;
● Atcfx - a shady firm lying about its regulatory status;
● ImperialFonds - an illicit investment website warned by the BaFin;
● Aktien Network - a dubious website flagged by BaFin;
● 247MAKEPROFIT - a fake trading platform warned by the FCA;
● VenturaZone - an unknown financial firm warned by the FCA;
● FUTURAWM LTD - an unregistered investment services provider blacklisted by the CNMV;
● ACCORD STAKE - a shady platform warned by the FCA;
● Ecofix - an unsafe trading platform having been warned by BaFin;
● Testimonyfrstrd - an unregulated trading platform on the FCA's warning list;
● NovaProfiting - a crook broker warned by the BaFin for providing financial services without the required authorization;
● Prestige Peak Capital - a con artist falsely claims to be regulated by multiple authorities;
● Binance Center AI - an unreliable trading platform flagged by the BCSC;
● BITDIGIX - a deceitful broker warned by the FCA;
● Connected Pips - an unscrupulous platform carrying a warning from the FCA;
● TRANSCORP CAPITAL INVESTMENTS - a fake platform with which the FCA advise against trading;
● SWIFTSTOCKS OPTIONS - an illicit platform warned by the FCA;
● XBO Trading aka XP Traders - a clone firm uncovered by the FCA;
● Top Incredible Trade - an unsupervised trading platform warned by the FCA;
● TRDFX - a boiler room flagged by the CNMV and AFM;
● Wealth Innovations Group - an unregistered company warned by the OSC;
● Equitytrio - an unreliable trading platform misleading investors with false regulatory claims; Warned by the FCA;
● Octa Market FX - an illegitimate trading platform on the CySEC's warning list;
● Pensions AI - a scammer warned by the BCSC;
● SPEED BIT TRADER - an untrustworthy trading platform carrying a warning from the FCA;
● AUTOSTOCKS TRADES - a non-supervised trading platform warned by the FCA;
● FUSION FINANCE - a typical scam that presents itself using a website template commonly associated with fraudulent investment activities; Uncovered by the FCA;
● NEONSKY - a potential scam firm warned by the NZ FMA;
● Vault Trade - an allegedly UK-based firm not authorized by the FCA; Warned by the CNMV;
● TRADETIPS - a swindler flagged by the FCA.

Other Asked Brokers

In addition to the brokers above Octa was also mentioned by users. Octa is a licensed broker regulated by Cyprus Securities and Investment Comission (CySEC) and Financial Sector Conduct Authority in South Africa.

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 "social trading".

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.