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 13 Mar, 2023 to 17 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

● InvestingState - an unregulated trading platform with a possible suspended website;

● Protrade - an unlicensed broker with its domain for sale now;

● Primotrade - an illegal broker whose website refuses to connect;

● COINEXX - an unlicensed brokerage firm presenting no information about its regulatory status;

● Topic Markets - a scam platform whose website is not working; 

● SwissFS - a fraudulent company without any valid forex licenses;

● Solidary Markets FX - an offshore limited operating without oversight from financial regulatory authorities;

● IKOFX - an illegal financial service provider misrepresenting its regulatory status;

● BullFXOptions - an unapproved broker providing financial services without authorization;

● Max Global Fx - a non-regulated entity not supervised by financial regulators;

● LQDFX - a dishonest broker under zero regulations;

● Elitemortagefin - an untrustworthy firm carring the warning by FCA;

● Alainfx - a shady limited without any forex licenses.

Other Asked Brokers

Other brokers asked this week include Spread Co, Empfs, NessFx, LeoPrime, ALB, TradeFW, and Titan FX. Even though the above brokers do have authorizations and regulations, they just have relatively fewer risks than those without valid regulations. Regarding broker TradeFW, we would like to remind you of the fact that this trading platform may have ceased operations 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 accounts or trading, such as trading techniques, restricted regions, account types, and payment methods.

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.