Mar 24-28, 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 24 March 2025 to 28 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

● SafeFin - a fraudulent trading platform red-flagged by the BaFin;

● Coinvestor AI - a dubious investment website uncovered by the BaFin;

● TronixRise - an unknown financial site warned by the BaFin;

● Aevo Limited - an anonymous entity on the FSMA's warning list;

● AlgosOne - an unregulated forex broker with which the Belgian FSMA advises against trading;

● Apex Trade - a non-regulated trading platform flagged by the FSMA as fraudulent;

● Cexcapitals - a suspicious brokerage firm warned by the Belgian FSMA;

● Pexotera - an unregistered financial entity warned by the Belgian FSMA;

● RIMCgroup - a non-supervised trading platform with which the FSMA cautions against trading;

● Pulse Trade - an unlicensed trading platform warned by the FSMA;

● QuantumWins - a shady broker lying about its regulatory status; Flagged by the FSMA;

● Brit Capital Inc. - a crook broker warned by the FCA;

● ARGOFINANCE - an unauthorized financial firm warned by the FCA;

● CRYPTGATEMARKET LTD - a financial firm claiming to be registered with the CH, warned by the FCA for the lack of the required authorization;

● Fx Edge Prime Pro - a deceitful broker warned by the FCA;

● LIOCABMARKET - an illicit trading platform not supervised by any regulators; Warned by the FCA;

● Ultima - an untrustworthy broker warned by the FCA;

● Monetizeer - an illegal trading platform ordered to shut down by the CONSOB;

● Liberty Invested Limited - a scam platform that the CONSOB has ordered to be blacked out;

● CheckTrade24 - an unverified trading platform flagged by the BaFin as suspicious;

● INSTANT INVEST FX - a dishonest broker misusing names of regulatory authorities to appear compliant; Warned by the FCA;

● Minsk Wealth Ltd - a fake trading platform warned by the FCA;

● RMT Financial - a new trading platform that operates without licenses; Warned by the OSC;

● Global TI World - a non-regulated trading platform uncovered by the OSC;

● FUNDSWELL LIMITED - an unreliable trading platform revealed by the FCA;

● FINAXEN TRADEPIPS - an unscrupulous investment website flagged by the FCA;

● OPTIMUM CRYPTO EXPERTS - an unlicensed investment platform red-flagged by the CNMV;

● TradesVisions - an unethical entity warned by the BaFin;

● Quantum AI - a risky trading platform warned by the BaFin again;

● Brain Wave Fortune - a newly-created trading platform in the lack of authorization; Warned by the BaFin;

● WorldQuest FX - a potential scam broker absent from the registers of relevant financial regulators;

● Investingfdx - an unauthorized trading platform that conceals essential information about its legal forms; Warned by the CNMV;

● RCM Brokers - an unverified trading platform on the warning list of the CySEC;

● General FX - a swindler falsely claiming to be regulated; Red-flagged by the CySEC.

BrokersView continues to receive a large number of inquiries from traders this week about whether the above fake brokers are scams or seeking ways to complain and how to recover their funds. We strongly recommend conducting thorough due diligence on financial trading platforms before committing funds to protect your investment from fraud.

Other Asked Brokers

In addition to the aforementioned scam brokers, we've received inquiries about these brokers, including Dollars Markets. Although these brokers are providing financial services or products within regulatory frameworks, they just have a relatively lower risk than those unlicensed ones. To safeguard your interests at best, it is critical to bear in mind that licenses and oversight cannot completely eliminate investment risks and the possibility of violations.

We draw your attention to the fact that Dollars Markets is registered in offshore jurisdictions known for lax regulation and limited investor protection. There are significant risks associated with this broker, including weak regulatory compliance and lack of transparency. In addition, we have recently received multiple complaints from Dollars Markets clients regarding withdrawal issues and the withholding of funds.

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 withdrawal issues.

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.