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 6 Mar, 2023 to 10 Mar, 2023, 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

● LevendiFX - a scam broker with its domain for sale now;

● DupFX - a fraudulent trading platform misrepresenting its regulatory status;

● MagKing - an unlicensed broker with various warnings by different regulatory bodies;

● OspreyFX - an offshore limited under zero regulations;

● Allbright Financial - an unregulated broker with inaccessible domains;

● FortFS - a trading platform subject to zero oversights with an unavailable website;

● Goldman Banc - an FCA-warned broker that may provide financial services or products without authorization;

● TenkoFX - an unregulated platform without regulatory information;

● Turnkey Forex - an unlicensed platform whose website shows 404 error;

● Invest Chambers - warned by Spanish regulator CNMV and its domain currently for sale.

Other Asked Brokers

Other brokers asked this week include GMI Markets, XTrend, EBH, ARUM Capital, Blue Suisse and GTCM. Even though the above brokers do have authorizations and regulations, they just have relatively fewer risks than those without valid regulations. Regarding broker GTCM, we would like to remind you of the fact that this trading platform is currently acquired by another company and thus comes with certain risks. Please be aware of the risks involved and invest with caution. We would recommend all investors check brokers' reviews in BrokersView before investment. 

We now have more than 3000 reviews of brokers for you. You can check all reviews here.

Questions of The Week

In addition to the most frequently asked question - "if a broker is licensed/regulated/safe or not," matters of interest to our users this week are details about brokers or trading, such as contact information, strategies allowed, fees problems, and account details.

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.