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Best for Beginner Traders
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Licensed
CFD
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Best for Beginner Traders
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Page 22
Archives - Page 22
Suspicious
Unregulated
Reliable Broker
Reliable Broker
This company has a trustworthy reputation.
PepperStone
Licensed Brokers
(4.5)
16
reviews
pepperstone.com
Date of foundation
2010
License
Trusted
Reliable Broker
This company has a trustworthy reputation.
Capital.com
Licensed Brokers
(4.53)
19
reviews
capital.com
Date of foundation
2016
License
Trusted
Reliable Broker
This company has a trustworthy reputation.
Plus500
Licensed Brokers
(4.35)
17
reviews
www.plus500.com
Date of foundation
2008
License
Trusted
Top Broker
This company is among the most reputable in the trading community.
CMC Markets
Forex Brokers
(4.27)
11
reviews
www.cmcmarkets.com
Date of foundation
1989
License
Trusted
Top Broker
This company is among the most reputable in the trading community.
IC Markets
Forex Brokers
(4.2)
10
reviews
www.icmarkets.com
Date of foundation
2007
License
Trusted
Suspicious
This company shows several warning signs of potential fraud.
Moneta Markets
Brokers With Remote Access Tools
(3.7)
10
reviews
Link to website
Date of foundation
2018
License
Trusted
Suspicious
This company shows several warning signs of potential fraud.
CLB Online
Crypto Brokers
(2.13)
8
reviews
clb-online.com
Date of foundation
Not disclosed
License
No
Top Broker
This company is among the most reputable in the trading community.
FxPro
Forex Brokers
(4.2)
10
reviews
www.fxpro.com
Date of foundation
2006
License
Trusted
Suspicious
This company shows several warning signs of potential fraud.
WinProFx
CFD Brokers
(1.78)
9
reviews
winprofx.com
Date of foundation
2023
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Duhani Capital
CFD Brokers
(2.09)
11
reviews
Link to website
Date of foundation
2023
License
No
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Filters
This filter allows you to select which reviews to display. Choose it to see only entries with paid or manipulated reviews, to view only genuine reviews, or choose "All reviews" to reset the filter and display both types of reviews.
With cheating reviews
5
Without cheating reviews
228
All reviews
233
License
Among the most precarious entities are the clandestine platforms devoid of licensing and legal validation. These entities give way to semi-opaque brokers, acquiring licenses from offshore jurisdictions lacking regulatory rigor. Trustworthy brokers, in contrast, secure licensure from esteemed regulatory bodies.
Offshore
87
Trusted
20
No
126
Leverage
Excessive leverage higher then 1:50, a hallmark of disreputable practices, is starkly disapproved by esteemed regulatory bodies. It often serves as a red flag characteristic of scam brokers.
1:10
3
1:20
1
1:30
8
1:33
1
1:50
10
1:100
6
1:200
26
1:300
9
1:400
25
1:500
49
1:1000
32
1:2000
12
Higher
5
Demo account
The absence of a demo account not only reflects a lackluster service provision but also undermines a trader's ability to gauge platform performance without financial exposure. Scam brokers, cognizant of the impetus to expedite client capital erosion, often eschew offering demo accounts.
Yes
114
No
119
Order Execution Model
Only truly large brokers with a substantial client base can afford execution models like STP and ECN. All scams, by default, employ the Dealing Desk (DD) model, inevitably leading to conflicts of interest. It is important to note that the use of the DD model alone does not make a broker fraudulent. However, this is only true if the broker is regulated by an authoritative body capable of resolving such conflicts and investigating contentious situations.
STP
19
NDD
10
DD
212
ECN
13
Other
1
Minimum deposit
A disproportionately high minimum deposit requirement typically deviates from the standards upheld by reputable and transparent entities. The norm for initiating trading activities is around $10, with established brokers often offering cent accounts for accessibility.
$0
-
$15000
Operating Tenure
It is widely recommended by experts to choose brokers with at least 5 years of operation. If you come across a relatively young broker, operational for just a couple of years or even a few months, keep in mind that it could potentially be a scam. Even if it's not a scam, there may be technical issues, as newer projects typically lag behind older ones in terms of performance.
Less than a year
123
A little over a year
33
A few years
40
Over 5 years
35
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