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 11 Jul, 2022 to 15 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

● PBFX - a scam broker falsely claims its regulation by ASIC and warned by NZ FMA;

● Bold Prime - an offshore scam that provides financial services without valid regulation;

● Greendax - an unregulated broker warned by the France AMF;

● AxePro Group - an unlicensed entity blacklisted by the AMF;

● BigBoss - an illegal firm running a business under no valid regulation;

● Levelprofit - a clone firm falsely uses regulation information of a CySEC-regulated broker;

● InertiaFinance - an unauthorized broker alerted by the UK FCA;

● Primebitts - a non-supervised entity falsely claims its regulation by the US NFA and warned by CNMV;

● KAB Kuwait - an illicit scam carrying out financial activities unlawfully;

● ETA Ltd - a clone firm of "ETA Services Ltd" alerted by the UK FCA

 

2. Regulated Brokers You Could Choose from

● Axi - a licensed firm authorized and regulated by the Australia ASIC, Dubai FSA, New Zealand FMA, and SVG FSA; 

● SuperForex - an entity regulated by Belize FSC;

● Moneta Markets - an offshore broker under weak regulation by VFSC;

● FXCC - a CySEC-regulated broker that runs the financial business under valid regulation;

● Scope Markets - a supervised company with the regulation in several watchdogs - Belize FSC, CySEC, and Kenya CMA;

● PU Prime - an authorized firm authorized and regulated by the Seychelles FSA; 

● Trading.com - a brand overseen by the UK FCA and the US NFA;

● Morningfx - a broker that provides financial services and products under weak regulation by VFSC;

● JMI Brokers - a regulated broker carrying out financial services with weak regulation issued by VFSC; 

● FXGT - a company with the regulation in the Seychelles FSA;

● 360Capital - a licensed entity authorized and regulated by the Mauritius FSC; 

● ZFX - a broker strictly regulated by the UK FCA and Seychelles FSA;

● GemForex - an entity that holds authorization and regulation in Mauritius FSC;

● ADSS - a supervised broker under regulation by the UK FCA.