Q&A Weekly Review - What's Asked This Week?

A Q&A Weekly Review keeps traders informed of the latest regulatory status and trading details of brokers mentioned by our users in a given week.

Here, BrokersView gives a summing up of "Q&A" this week - from 4 Jul, 2022 to 8 Jul, 2022, listing the asked brokers by categorizing them into scammers and regulated ones to visually tell traders whether a broker is subject to necessary rules and principles, and summarizes the most concerning issues related to brokers on the ground of our users' questions.

Brokers Asked in This Week

Scam Brokers You Should Stay away from

● Ortega Capital - a clone firm falsely uses regulation information of an FSA-regulated broker;

● Win ICoin - a scam broker falsely claims its regulation by multiple authorities and warned by BaFin and FINMA;

● GPSWISS - an offshore scam that provides financial services without valid regulation;

● Solidary Markets FX - an unregulated entity blacklisted by the Spain CNMV;

● GCI - an unauthorized broker alerted by the CNMV and AMF;

● EXMA Trading - an offshore scam running the business under no regulation;

● Cabana Capitals - an unlicensed broker carrying out financial activities unlawfully;

● ZorroTrade - an unlicensed entity falsely claims its regulation by the Bermuda BMA;

● CAWADA - an illegal firm running a business under no valid regulation;

● Profit-Markets - an unregulated broker warned by the UK FCA;

● 4XEMPIRES - a non-supervised entity falsely claims its regulation by three regulatory bodies and alerted by the UK FCA;

● Videforex - an offshore company claims its registration in the Marshall IRI but provides financial service without any regulation;

● Euro Capitals - a BaFin- and CONSOB-warned scam broker;

● HorizonFXPro - an offshore scam blacklisted by the Spain CNMV.

Questions of The Week

Except for the most frequently asked question - "if a broker is licensed/regulated/safe or not," matters of interest to our users this week include brokers' trading and account details, such as payment methods, account types, trading currency, trading commission and whether a broker provides Islamic account.

Conclusion

If you are about to invest in forex trading yet not sure about brokers' qualifications, or if you would like to get more information about forex brokers, please do not hesitate to "Ask A Question" in our Q&A section.