Scam Brokers

While there is no information provided on InvestFeed’s website about the spreads it offers, the demo account showed a spread of 1.9 pips for the EURUSD pair. Once again, we needed to check the demo account to find out about the leverage this broker offers; it stands at a maximum of 1:500.

CFBroker.io claims to be owned and operated by a company by the name of Seabreeze Partners Ltd, which is located in the Republic of Dominica.

There is no mention of the minimum deposit required for each of these accounts. We were only able to find out that when you register for an account (Basic), you are required to make a minimum deposit of $250.

ValueFX claims to be registered with the Companies House of England in the UK. The broker also provides an address and phone number of the UK on its website, and also gives the incorporation number (07529161).

The broker states that it provides a leverage ratio of 1:100 and while it did not offer any demo account, we were able to access its MT4 platform and check that the spreads for the EURUSD currency pair stood at 3 pips.

UKTrade has not given any information on its website about the types of accounts it offers. The broker has also omitted to mention what its trading conditions are.

This broker has given no information on its trading conditions offered by this broker. And since we failed to access Acquantum’s trading software, we could not verify this information for ourselves.

Despite going through the broker’s website in detail, we did not find any advantages on trading with Stocklux.

24FirstInvest is an anonymous broker. There is no mention of the name of the company that owns and operates this brokerage. We also do not know for certain where this brokerage is located.

Northfintexhfx has not provided any information about the types of accounts it offers its clients. However, going by what is written on the broker’s home page, it seems that there is only one type of account available.