Scam Brokers

The biggest advantage that we have found in trading with Investizo is that the broker offers its clients the use of the MetaTrader4 platform.

This broker has provided absolutely no information about the company that owns and operates it. And there isn’t any contact information either. We do not know where this brokerage or its parent company is based.

According the Terms and Conditions, FXMoneyOnline is based in the Marshall Islands, which means that it is an offshore broker. However, there is no information provided about the company that owns and operates this brokerage.

Gfxcrypto has provided no information on the types of accounts it offers or even what its trading conditions are. However, we were able to register for an account and find out that the spreads for the EURUSD forex pair started at a massive 60 pips and that the minimum deposit requirement is $250.

TradesView is an anonymous broker that claims to be based in the United States. The broker provides an address in Charleston, West Virginia, but there is no company name mentioned anywhere on its website.

The owner of this brokerage is a company by the same name – Crypto Trade Center Ltd. In its Terms and Conditions, the broker claims that its parent company is based in Luxembourg and that it regulated by the Commission de Surveillance du Secteur Financier (CSSF), the financial authority of the country.

Bleaxmond has not provided any company name or address on its website. The only way to contact them is via two phone numbers (one is a UK number and the other a Swiss phone number), by email or by live chat support.

ProOptions24 offers trading in binary options, so leverages are not required. The broker states that it offers payouts that are as high as 90%, but since we were unable to access a demo account, we were unable to verify this information.

Betal Trade has given almost no information on the types of trading accounts it offers. All that the broker mentions on its website is that it offers a demo account and also an Islamic account.

UFT Group claims that it was founded in 2008 in London, UK. Then the broker claims that it opened offices in the Seychelles and Austria. However, the address provided is located in Cyprus.