Scam Brokers

There are no advantages to investing with WAM-Capital. There are several red flags that we detected from reviewing this broker.

There seem to be two account types that CapTradeOptions offer: Standard and VIP. The minimum deposit requirement for the Standard account is $100, while for the VIP account, you need to make a deposit of at least $1,000.

AI Markets is basically an anonymous brokerage that tries to fool customers with a sense of legitimacy by overloading us with fake corporate information.

The first thing we check about a brokerage is its regulation status. This tells us whether a broker is operating legally or illegally.

According to the Terms and Conditions, you will contract with a company called Safe Side Trading Ltd, which is based in St. Vincent and the Grenadines.

Traders will get one advantage when they trade with Vetoro – they get the use of the famed MetaTrader 4 platform.

XBTElite is absolutely silent with regard to its corporate information and its physical address. There are no details anywhere on its website about the company that owns and operates this brokerage, and the only contact details we have is a generic email address and a strange phone number that cannot be traced.

There is no information provided about the trading conditions, and since there was no demo account offered either, we were unable to verify these details for ourselves.

CMGmarkets claims to be owned by Mitz Holding Ltd, which is based in St. Vincent and the Grenadines. The broker also claims that all payments are processed by another company – Mitz Partnership OU. This company is located in Estonia.

The spreads in all account start from 0 pips. We were unable to verify any of this information as there was no demo account available and we also could not access their trading platform.