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 29 Aug, 2022 to 2 Sep, 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

● NPBFX - an offshore broker that provides financial services without regulation;

● GivTrade - a UK-based company falsely claims its authorization by FCA;

● Golden Share - an unlicensed brand blacklisted by UK FCA and Cyprus CySEC;

● Kurdistan Forex - an unauthorized company claims its registration in the UK while alerted by the UK FCA;

● Unocal Group - an entity running the business under no valid regulation;

● CapitalFunds - a non-supervised firm offering financial services without regulations and warned by Finland FSA;

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

● Mergers Capital - an unregulated broker carrying a warning issued by France AMF;

● Arzik Finance - a HongKong-based firm blacklisted by the UK FCA;

● VOLO Finance - a company involving forex service without authorizations and regulations;

● VIPOTOR - an unlicensed broker falsely claims its regulation by the UK FCA and US NFA;

● S.E Trend - an offshore scam that offers financial derivates services with no regulation and alerted by Germany BaFin;

● Simplexprofit - a US-based firm with no authorization from relevant regulatory bodies;

● Swiss29 - an illegal scam unlawfully providing forex services and warned by the France AMF, Swiss FINMA, and Spain CNMV;

● Cento GX - an unauthorized entity warned by the Spain CNMV for not being authorized to provide the investment services.

 

2. Regulated Brokers You Could Choose from

● TOP1 Markets - a licensed financial group authorized by ASIC and VFSC;

● Tradeo - a company carrying a certain level of risk with a regulation issued by FSCA;

● Advanced Markets - a brand overseen by the UK FCA and Australia ASIC;

● YaMarkets - a weakly-regulated broker running the business with regulations issued by VFSC;

● Royal - an authorized firm licensed by CySEC, ASIC, and VFSC;

● Zenfinex - an entity regulated by different regulatory bodies, including FCA and Seychelles FSA;

● LMAX - a broker that provides financial services and products under authorization and regulation by the Cyprus CySEC and UK FCA;

● iFOREX - a regulated company authorized by CySEC and BVI FSC.