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This company shows several warning signs of potential fraud.
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Elland Road Capital
Elland Road Capital
Forex Brokers
(2.12)
17 reviews
Link to website

Date of foundation

2021

License

Trusted
Top Broker
This company is among the most reputable in the trading community.
Selected companies: 0.
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Spreadex
Spreadex
Forex Brokers
(4.57)
21 reviews
www.spreadex.com

Date of foundation

1999

License

Trusted
Reliable Broker
This company has a trustworthy reputation.
Selected companies: 0.
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Fusion Markets
Fusion Markets
Forex Brokers
(4.44)
18 reviews
fusionmarkets.com

Date of foundation

2017

License

Offshore
Top Broker
This company is among the most reputable in the trading community.
Selected companies: 0.
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CMC Markets
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.
Selected companies: 0.
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IC Markets
IC Markets
Forex Brokers
(4.2)
10 reviews
www.icmarkets.com

Date of foundation

2007

License

Trusted
Top Broker
This company is among the most reputable in the trading community.
Selected companies: 0.
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FxPro
FxPro
Forex Brokers
(4.2)
10 reviews
www.fxpro.com

Date of foundation

2006

License

Trusted
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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.
Without cheating reviews 6
All reviews 6
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 1
Trusted 5
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.
1:30 1
1:200 2
1:400 1
1:500 2
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 4
No 2
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 2
NDD 1
DD 2
ECN 2
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.
A few years 1
Over 5 years 5
Comparison