Scam Brokers

Fxcess claims to be the trade name of a company named Notesco Limited that is registered in the area of Bermuda country. However, unfortunately, it is still not varied that this broker actually holds a license from the Bermuda Monetary Authority (BMA) or not because no valid registration details were found in the databases of BMA authority.

According to the information mentioned on the website, RevolutionFx the only thing told about the RevolutionFx is that it is registered and based in the area of St. Vincent and Grenadines, which is an offshore zone and is very famous for the illicit forex entities.

Opctec management is not a new broker with anything unique but just another fishy broker with an anonymous website that is offering financial forex services without any authorization.

M4 markets do not go over the bar standard, nor it has any uniqueness. Like other fishy brokers, the M4 market is also an offshore shady broker with an offshore license that does not meet the regulatory standards and rules of the well-known financial authorities like in Europe, the UK, and the USA.

FX SmartOption like all other scam brokers falsely claims to be regulated and based in Canada and also claims to be a licensed broker under CFTC in the USA, CySEC in the EU region, and IFSC in Belize.

Nowadays the shady forex brokers are steadily becoming adept at concealing their true faces and natures. Yazhimarket is just another example of such a broker that seems to have everything yet hides many important aspects of it.

When choosing a forex broker to trade with, it is imperative to check the legitimacy of the broker and nothing will prove it other than a valid license of a renowned jurisdiction. The GCI brokers claim to be allegedly registered in and operated from the Island of St.

Novaoptiontrade45 claims to be regulated and owned by Commodity Futures Trading Commission(CFTC) in the USA, the Cyprus Securities and Exchange Commission, and the International Financial Services Commission in Belize.

TrueFXMarket claims to be operated and owned by WAYTOCX Ltd, an enterprise which is located in the UK. However, there is no more information provided by the broker on its website.

ProLive Trading mentions in its “About Us” section that it is being operated and owned by Acrobit Corporation Ltd which is an enterprise registered in the area of Seychelles. However, when we checked the Seychelles Financial Services Authority’s, we found no information related to the ProLive trading broker.