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 25 Jul, 2022 to 29 Jul, 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

1. Scam Brokers You Should Stay away from

● Golden Capital FX - a UK-based entity that provides financial services without valid regulation;

● CIBfx - an offshore broker alerted by the UK FCA;

● Cang Limited - an illicit company carrying out financial activities unlawfully;

● Freserves - an unlicensed broker blacklisted by the Cyprus CySEC and the UK FCA;

● BBanc- a scam broker warned by France AMF;

● TMFX - a non-supervised entity falsely claims its regulation by the US NFA;

● Clover4X - an offshore broker engaging in forex service without valid regulations;

● Europa Trade Capital - an unauthorized company warned by the Belgian FSMA, the UK FCA, and the Austrian FMA;

● VECTRA - an unregulated entity running a business under no valid regulation;

● Place A Trade - an offshore scam alerted by Spain CNMV;

● PROFX Market - an FCA-warned broker falsely claims its regulation by the UK FCA.

 

2. Regulated Brokers You Could Choose from

● Decode Global - an entity regulated by ASIC and VFSC;

● Magic Compass - a company running a business under regulation by CySEC;

● XMTrading - a brand is overseen by Seychelles FSA;

● UBanker - a broker running a business under weak regulation by VFSC;

● ClickTrades - a Seychelles FSA-regulated broker that runs the financial business under valid regulation;

● VIBHS - a company strictly regulated by the UK FCA;

● CFDWorld - a licensed firm regulated by the CySEC;

● MITRADE - a broker that provides financial services and products under authorization and regulation by ASIC, CIMA, and Mauritius FSC;

● Axiory - a limited with weak regulation in the Belize FSC;

● AdroFx - a weakly-regulated broker carrying out financial services with regulations issued by VFSC;

● 10TradeFx - an authorized broker authorized and regulated by the Seychelles FSA.