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This Week’s List of "Scam Brokers Is Out!" Checkout Now
Abstract：PAY ATTENTION INVESTORS AND TRADERS! WEEKLY SCAM ALERT LIST IS HERE! Check out this list carefully. There are 8 scam brokers you need to watch out for! These brokers are known for fraudulent practices and can steal your hard-earned money if you're not careful.
PAY ATTENTION INVESTORS AND TRADERS! WEEKLY SCAM ALERT LIST IS HERE! Check out this list carefully. There are 8 scam brokers you need to watch out for! These brokers are known for fraudulent practices and can steal your hard-earned money if you're not careful.
1. Secure FX – www.wikifx.com/en/newsdetail/202508215244775655.html(You can click on this link to read the full article about SecureFX)
This is the first fraudulent broker you need to be aware of. The UKs Financial Conduct Authority (FCA) issued a public warning against SecureFX in 2014. It is not regulated by any top-tier financial authority like FCA (UK), ASIC (Australia), or SEBI (India). SecureFX Options has an alarmingly low trust score of just 1.97 out of 10. This rating indicates extremely poor credibility, user satisfaction, and platform transparency. Aditionally, SecureFXs website suffers from serious quality and accessibility issues. In many cases, the site either fails to load or displays error messages, making it impossible for users to access essential information
2. OmegaPro- www.wikifx.com/en/newsdetail/202508191244443855.html(You can click on this link to read the full article about OmegaPro)
It is second fraudulent broker you need to stay away from. OmegaPro has received a very low rating of just 1.56 out of 10 on WikiFX. This poor score raises serious doubts about how reliable and trustworthy the broker is. A rating this low can be a warning sign for traders, The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), both of which had already blacklisted the website www.omegapro.world back in 2020
3. SimpleFX - www.wikifx.com/en/newsdetail/202508183144991485.html(You can click on this link to read the full article aboutSimpleFX )
SimpleFX is the third one. It is Poorly Regulated Broker regulated by a lenient offshore authority such as FSC , FSCA with little to no enforcement power. These types of regulators do not follow strict compliance rules. SimplyFX has a low score of just 1.65 out of 10 . This score reflects poor performance in key areas such as transparency, customer support, withdrawal process, and platform quality.
4. TenTrade- www.wikifx.com/en/newsdetail/202508213724780226.html(You can click on this link to read the full article about TenTrade)
A non-functional website is a major red flag for any online trading platform. If users are unable to access or navigate the site smoothly, it raises concerns about the brokers reliability and professionalism. Limiting traders to only MetaTrader 5 can restrict flexibility and personal trading preferences. While MT5 is a powerful and popular platform, some traders prefer alternatives like MetaTrader 4, cTrader, or proprietary trading apps that offer unique features.
5. Neotrades - www.wikifx.com/en/newsdetail/202508201164149430.html(You can click on this link to read the full article aboutNeotrades )
Neotrades has a very low rating of just 2.18 out of 10 on WikiFX, a well-known platform that reviews brokers. One major warning sign is that NeoTrades Capital Ltd claims to be regulated by Mauritius and CySEC, but these are not considered strong regulators. Brokers with weak regulation often operate in legal grey areas.
6. SOHO Markets- www.wikifx.com/en/newsdetail/202508203654704293.html(You can click on this link to read the full article aboutSOHO )
SOHO Markets has been flagged by WikiFX, a well-known third-party platform that reviews and rates forex brokers. When a broker receives a warning from WikiFX, WikiFX issued warnng stating –Warning: Low score, please stay away! While searching for SOHO Markets, We found on WikiFX that many users are sharing negative experiences with SOHO Markets. The most common complaints include withdrawal issues, account restrictions, and wallet blocking.
7. Firstrade - www.wikifx.com/en/newsdetail/202508194324626285.html(You can click on this link to read the full article aboutFirstrade )
Firstrade does not support trading in forex, futures, or cryptocurrencies. Firstrade does not offer demo account option available on this platform. This means users must trade with real funds from the beginning.
8. QuoMarkets - www.wikifx.com/en/newsdetail/202508195264246286.html(You can click on this link to read the full article about QuoMarkets )
A user filed a complaint against the unlicensed forex broker QuoMarkets, claiming that the platform not only refused to process his withdrawal but also accused him of blackmail.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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E TRADE Review: Traders Report Tax on Withdrawals, Poor Customer Service & Fund Scams
Has your E Trade forex trading account been charged a withholding tax fee? Did your account get blocked because of multiple deposits? Did you have to constantly call the officials to unblock your account? Failed to open a premium savings account despite submitting multiple documents? Is fund transfer too much of a hassle at E Trade? Did you find the E Trade customer support service not helpful? In this E Trade review article, we have shared certain complaints. Take a look!
Original 1h
mBank Exposed: Top Reasons Why Customers are Giving Thumbs Down to This Bank
Do you find mBank services too slow or unresponsive? Do you find your account getting blocked? Failing to access your account online due to several systemic glitches? Can’t perform the transactions on the mBank app? Do you also witness inappropriate stop-level trade execution by the financial services provider? You are not alone! Frustrated by these unfortunate circumstances, many of its clients have shared negative mBank reviews online. In this article, we have shared some of the reviews. Read on!
Original 2h
In-Depth Uniglobe Markets Commission Fees and Spreads Analysis – What Traders Should Really Know
For experienced traders, the cost of execution is a critical factor in broker selection. Low spreads, fair commissions, and transparent pricing can be the difference between a profitable and a losing strategy over the long term. This has led many to scrutinize the offerings of brokers like Uniglobe Markets, which presents a tiered account structure promising competitive conditions. However, a professional evaluation demands more than a surface-level look at marketing claims. It requires a deep, data-driven analysis of the real trading costs, set against the backdrop of the broker's operational integrity and safety. This comprehensive Uniglobe Markets commission fees and spreads analysis will deconstruct the broker's pricing model, examining its account types, typical spreads, commission policies, and potential ancillary costs. Using data primarily sourced from the global broker inquiry platform WikiFX, we will provide a clear-eyed view of the Uniglobe Markets spreads commissions prici
Original 4h
In-Depth Review of Stonefort Securities Regulation and Oversight – A Trader's Guide to the Risks
For experienced traders, the process of selecting a new broker transcends a simple comparison of spreads and leverage. It is a meticulous due diligence exercise where the integrity of the broker's regulatory framework is paramount. Stonefort Securities, a relatively new entrant in the crowded brokerage space, presents a complex and often contradictory profile. On one hand, it boasts a modern MT5 platform and a stream of positive user testimonials. On the other hand, it is shadowed by severe regulatory warnings that question the very foundation of its operations. This in-depth review focuses on the core issue for any long-term trader: Stonefort Securities regulation and oversight. We will dissect the broker's corporate structure, scrutinize its licensing claims, and analyze what the data implies for trader protection and fund security. For traders evaluating whether Stonefort Securities is a trustworthy partner, understanding these details is not just important—it is essential.
Original 4h
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