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 15 Aug, 2022 to 19 Aug, 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

● Soltechx - an offshore scam warned by the Belgian FSMA;

● Finarix - an offshore entity offering financial services under no regulations and alerted by the Spain CNMV;

● GMT Trading - a non-supervised entity blacklisted by the Swiss FINMA;

● FinFix - an unregulated broker alerted by the BaFin;

● FXPIG - an illicit company carrying out financial activities unlawfully;

● VHNX - an unauthorized entity running a business under no regulations;

● Pibexa - an unlicensed company warned by the UK FCA and Ontario OSC;

● Equity Broker - a brand involving forex service without authorizations and regulations and blacklisted by BaFin;

● Apex Capital - an entity falsely claims its regulation by CySEC and FCA;

● EuroFXSecurities - a UK-based company that provides financial services without authorization and is blacklisted by CONSOB;

● Leed Word - an unregulated broker falsely claims its regulation by ASIC, CIMA, and NFA;

● FXBULLS - an unauthorized entity falsely claims its regulation by FSA, FCA, CySEC, FSCA, and DFSA;

● Leeds Capital - a firm with no authorization to provide financial services and products;

● TradeHUB - a cloned scam falsely claims its regulation by multiple regulatory bodies and warned by the UK FCA;

● SwisTrust - an offshore entity running the business without any regulation.

 

2. Regulated Brokers You Could Choose from

● TeraFXUK - a UK-based firm supervised by the UK FCA;

● GULF Brokers - a licensed firm authorized by Seychelles FSA;

● GMI Edge - an offshore company under weak regulation by VFSC;

● Tradeview Markets - a limited with the regulation issued by the Cayman Island CIMA;

● Novox - a broker that provides financial services and products under authorization and regulation by the Malta MFSA, Cyprus CySEC, Spain CNMV, and German BaFin;

● uTrada - a brand overseen by the Labuan FSA;

● FxGrow - an entity regulated by several regulatory bodies, including CNMV, CySEC, BaFin, VFSC, and LBE;

● FXDD - a company running a business under regulation by FCA, MFSA, and Mauritius FSC.