Forex Brokers to Avoid | Not Trusted Forex Brokers | Scamming Forex Brokers List 2019
Forex Broker Scam List
Source : ForexFraud
Today reviewfxbrokers bring you a list of forex brokers, where we feel there are too many signs of scamming going on for not giving you a warning, before signing up with these brokers.
Latest added forex brokers to avoid
- FXLeader – Pushes you to deposit but do not uphold your withdrawal requests.
- OT Capital. They have gotten a warning from ASIC.
- EU Capital. They ask you to deposit over and over again. They even try to get you to login to your bank account over a shared screen.
- MultiplyMarket is a clone of Trading Technologies.
- BlueTrading have an FCA warning for claiming to be FCA regulated when they in fact are not.
- Facebook Group Investment/Profits, FBO Trading Signals & Bitcoin investments – They don’t allow withdrawals and block you as soon as you ask for a withdrawal.
- ECN Capital. They claim to be CySEC regulated but are not.
Other brokers to avoid
- 53option.com
- BFP Markets (bfpmarkets.com) Non-regulated and delays withdrawals up and above 90 days.
- Crown Forex
- CWM FX
- Cyber Market group
- Ferdinald Hill is NOT regulated by IFSC. The IFSC has issued a warning confirming that the license for Ferdinald Hill is a forgery.
- FIXED STAR INVESTMENT INC. http://fxsfx.com/en/index.html. IFSC has issued a warning against this broker. Contrary to what they state on their website, Fixed Star is NOT regulated in Belize.
- Forex Macro
- FXCM – Kicked out of USA.
- FXGTrade – Un-regulated and blames bank problems when trying to do a withdrawal but sometimes let you withdraw to bitcoin.
- FXReturns
- InstaForex
- Joe Lewis Trading (JLTrading.com): Although there have been no recent charges levied against Joe Lewis Trading. (also known as joelewis-trading.com, JLTrading.com and Lon-ist investment managers) we feel that there are enough warning signs and therefore may not be a secure and trustworthy broker. As such, we strongly caution against investing with Joe Lewis Trading at this time.
- mt4invest.com
- OptionCM.com
- OptionRally: As of May 3rd 2017 OptionRally is no longer regulated and reviewfxbrokers does not recommend you to trade with them.
- Peregrine Financial Group
- Realmarketslive.com – Belize financial regulator IFSC has issued a Warning Notice against Real Markets Ltd, they are not licensed by IFSC.
- Refco
- Sigma Forex
- TeraMusu
- TitanTrade.com
- TorOption
- Trade24 – updated May 19 2017.
- Zurich Prime – aggressive sales people.
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Comments
Walid Kagone
December 28, 2018 at 9:13 amHello !
Please do you know Ubanker a forex broker ?
Are they legit or not?
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fxbroker
January 10, 2019 at 6:52 amUBanker is an unlicensed Forex broker, so avoid them
tony
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Renko EA for MT4
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Milo Hof
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Buford Lucarell
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sand
October 28, 2019 at 11:52 amThis is the 100th day and i haven’t heard a word from fxleader after i requested for a withdrawal of my money
zeeshan Zahin
December 26, 2018 at 9:05 amwhat about iQ option?
fxbroker
December 28, 2018 at 9:07 amHi, you can read more here: https://www.reviewfxbrokers.com/listing/iq-option-reviews/