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 19 June, 2023 to 23 June, 2023, helping traders know if a broker is subject to the necessary rules and principles. The queries for this week primarily focus on determining whether brokers possess the necessary licenses to conduct their business. This is vital knowledge that novice investors should acquire.

Brokers Asked in This Week

Scam Brokers You Should Avoid

● Bein markets - an offshore LLC falsely claiming to be under multi-regulation;

● Funda Markets - an unregulated brokerage firm that remains unsupervised by relevant regulators;

● ONECRYP.TO - an unlicensed broker falling outside the regulatory framework;

● BitEclipse.com - an illegal trading platform offering financial services in the absence of required authorization;

● Interactive Fund - an unsafe choice for investors to trade with due to its status as an unlicensed broker;

● Trading Pro - an unreliable brokerage firm whose FSCA license cannot be verified;

● RoxCapitals - a dishonest company falsely purporting to be regulated by the NFA;

● One Trading Markets - an offshore entity remaining unsupervised by any relevant regulatory body;

● PipsForex - an untrustworthy company falsely claiming to be registered with the SVG FSA;

● Galaxy Stock Trade - an unscrupulous market participant posing as a multi-regulated broker, with a warning from the CFTC;

● BTC Nation - a supposedly Canada-based firm seeking no required authorization from the IIROC and warned by the OSC;

● 4X.FM - a scam broker warned by the FCA and CSSF;

● Investgeo - a dishonest trading platform displaying a fake FCA license to fool investors;

● Willmarkets - an offshore LTD with a UK address but not supervised by the FCA.

We currently have over 3,000 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.