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Suspicious
This company shows several warning signs of potential fraud.
FX Tampa Logo
FX Tampa
CFD Brokers
(1.7)
10 reviews

Date of foundation

2023

License

No
Suspicious
This company shows several warning signs of potential fraud.
Garda Asset Management Logo
Garda Asset Management
CFD Brokers
(1.5)
8 reviews
www.gardahf.com

Date of foundation

2023

License

No
Suspicious
This company shows several warning signs of potential fraud.
Broker Bullwaves
Bullwaves
Stable Brokers
(1.92)
12 reviews
www.bullwaves.global

Date of foundation

2022

License

Offshore
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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
Comparison