BrokersView - FIND THE BEST ONLINE BROKER FOR YOU
Scam Warning: Investing in NewFX may Put Your Money at Risk
Are you new to forex trading? Please bear with us while we warn you about the risk of signing up with scam brokers who are always on the hunt. Undoubtedly, finding a trustworthy broker in the crowded forex market can be challenging, especially for beginners. This article demonstrates how phony brokers like NewFX defraud customers and turn their trading experience into misery.
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 7 Nov, 2022 to 11 Nov, 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.
READ THE FULL Q&A Review Here!
Scam Alert: 247TradesFX is a Confirmed Fraudulent Broker
Due to its massive daily turnover, the forex market appears to have become a potential target for scammers worldwide. Although the incorporation of regulatory authorities has reduced the overall percentage of forex scams, fake brokers keep appearing in the market to trap clients with little or no knowledge about the currency market. This piece drives your attention to scam broker 247TradesFX.
An Investor Scammed by Two Unlicensed Brokers - Main-Bit & SigmaBanc - in a Row
Last month, an investor shared his experiences being scammed by two unlicensed currency brokers in a row. This reminds forex investors, especially newbies to this market - not to trust brokers lightly.
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 14 Nov, 2022 to 18 Nov, 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.
Scam Alert: Hehuan Global is still Scamming in the Forex Market
Recently, BrokersView has received several complaints about the unlicensed forex broker, Hehuan Global. Hehuan Global is an unlicensed broker that was exposed by BrokersView in June 2022 and warned by Hongkong SFC in August.
This cunning broker has caused many investors to lose a lot of money and it is necessary to know about the broker and stay away from Hehuan Global.
Scam Alert: Hehuan Global is still Scamming in the Forex Market
Recently, BrokersView has received several complaints about the unlicensed forex broker, Hehuan Global. Hehuan Global is an unlicensed broker that was exposed by BrokersView in June 2022 and warned by Hongkong SFC in August.
This cunning broker has caused many investors to lose a lot of money and it is necessary to know about the broker and stay away from Hehuan Global.
"You will not get back a penny!" Illegal FX Broker ExtrendCap Threatens its Client
Illegal brokers often act like rats underground and escape when exposed. However, ExtrandCap is not one of them. Two complaints to ExtrendCap were submitted to BrokersView within only 5 days.
This arrogant and illegal company not only did not restrain itself after being exposed but even dared to threaten the victim. And this broker even asked its client to pay up to 20% "tax".
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 21 Nov, 2022 to 25 Nov, 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.
2022 Oct FCA Blacklist: Warnings Against Unlicensed FX Brokers (Part 1/2)
Forex scammers lie about being regulated to gain traders' trust - this is a trick you may often see. So checking the regulators' registers becomes a crucial thing when you trade forex.
For protecting investors' funds, financial regulators like FCA keep their blacklists updated, which exposes the lies of scammers.
Here is the FCA warning list for October 2022, Part 1/2
No Regulation: VRN Capitals' Equivocation does not Hide the Truth of Illegitimacy
In recent years, thanks to public warnings from regulators and increased awareness among general investors, fraudulent brokers are not as easy to get away with as they once were. A few scammers will steal regulatory information from legitimate brokers and falsely claim to be regulated. But many more scammers, like VRN Capitals, try to obfuscate when asked regulatory-related questions.
Two Estonian Citizens Arrested! A $575 Million Crypto Currency Scam Exposed
November 20, 2022, two Estonian were arrested for their alleged involvement in a series of cryptocurrency and money laundering scams. According to preliminary statistics, the scammers took $575 million from "hundreds of thousands of victims," while the suspects used their ill-gotten gains to buy real estate and luxury cars.
Ranking List of Complaints Satisfaction in November Newly Released.
When choosing a trading platform, investors are often concerned about the spreads, swap rates, etc., but overlook a very important aspect, the service attitude of the broker. Through the brokers' names we listed, investors can directly see whether a trader values the opinion of its clients or not and what's their attitude towards clients.
This month, the number of complaints against Brokers didn't decrease, and the complaints mainly focus on difficulties with withdrawals, untimely withdrawals, unreasonable operation by brokers, and account bans. BrokersView will publish the List for investors' reference.
You will find a List of specific brokers and their complaints satisfaction Here!
