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Page 3
Licensed Brokers - Page 3
Suspicious
Unregulated
Reliable Broker
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
FXON
Licensed Brokers
(1.63)
16
reviews
fxon.com
Date of foundation
Not disclosed
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
EmiraX Markets
Licensed Brokers
(1.6)
15
reviews
emiraxmarkets.com
Date of foundation
Not disclosed
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
CG Invest
Licensed Brokers
(1.74)
19
reviews
cginvest.com
Date of foundation
1998
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
VexPro FX
Licensed Brokers
(1.71)
14
reviews
vexprofx.com
Date of foundation
2020
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
BigMarkets
Licensed Brokers
(1.76)
17
reviews
www.bigmarkets.com
Date of foundation
2000
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
Radex Markets
Licensed Brokers
(1.5)
20
reviews
radexmarkets.com
Date of foundation
2019
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
BullMarkets
Licensed Brokers
(1.63)
19
reviews
www.bullmarkets.com
Date of foundation
Not disclosed
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
Nord FX
Licensed Brokers
(1.71)
21
reviews
nordfx.com
Date of foundation
2008
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
Invistro
Licensed Brokers
(1.36)
11
reviews
Link to website
Date of foundation
Not disclosed
License
Offshore
Suspicious
This company shows several warning signs of potential fraud.
Selected companies: 0.
Please add at least one more company for comparison.
Fxonet Ltd
Licensed Brokers
(1.76)
17
reviews
www.fxonet.my
Date of foundation
Not disclosed
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
2
Without cheating reviews
86
All reviews
88
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
72
Trusted
10
No
6
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
1
1:30
6
1:33
1
1:200
18
1:300
4
1:400
13
1:500
17
1:1000
15
1:2000
4
Higher
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
63
No
25
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
9
NDD
5
DD
80
ECN
8
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
25
A little over a year
18
A few years
26
Over 5 years
18
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