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 29 Aug, 2022 to 2 Sep, 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

● NPBFX - an offshore broker that provides financial services without regulation;

● GivTrade - a UK-based company falsely claims its authorization by FCA;

● Golden Share - an unlicensed brand blacklisted by UK FCA and Cyprus CySEC;

● Kurdistan Forex - an unauthorized company claims its registration in the UK while alerted by the UK FCA;

● Unocal Group - an entity running the business under no valid regulation;

● CapitalFunds - a non-supervised firm offering financial services without regulations and warned by Finland FSA;

● FinanBelt - an illicit company carrying out financial activities unlawfully;

● Mergers Capital - an unregulated broker carrying a warning issued by France AMF;

● Arzik Finance - a HongKong-based firm blacklisted by the UK FCA;

● VOLO Finance - a company involving forex service without authorizations and regulations;

● VIPOTOR - an unlicensed broker falsely claims its regulation by the UK FCA and US NFA;

● S.E Trend - an offshore scam that offers financial derivates services with no regulation and alerted by Germany BaFin;

● Simplexprofit - a US-based firm with no authorization from relevant regulatory bodies;

● Swiss29 - an illegal scam unlawfully providing forex services and warned by the France AMF, Swiss FINMA, and Spain CNMV;

● Cento GX - an unauthorized entity warned by the Spain CNMV for not being authorized to provide the investment services.

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' other details, such as execute mode, social media accounts, spread, and trading platforms.

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.