Scam Brokers

There is no information given on 24Primeoption’s website about their trading conditions. Therefore, we cannot say what the leverage ratios, the spreads or other commissions and fees may be.

Despite going through this broker’s website in great detail, we were not able to find any information related to the entity that runs DLA Capitals. There is no company name, no address, no information on registration and no phone number. This entity is absolutely anonymous!

There was no information on the broker’s website about its trading conditions. However, we were able to log into their web trader and check this information. The spreads start at 3pips and the maximum leverage is at 1:200.

There is no information given about the types of trading accounts 7Online offers. The only thing this broker has is a registration form that allows you to open an account.

There is no information given on this broker’s website about its trading conditions, so we registered an account to find out more. The only information we were able to find is that the EURUSD pair has a spread that starts from 0.2 pips.

MarketsPilot claims to be owned by Click World Ltd., which is a company that is supposedly located in the Commonwealth of Dominica. However, the telephone number provided is a UK-based one.

The maximum leverage for retail account is 1:30, but the broker states that if you switch to a professional account, then you will be offered a higher leverage. It does not mention the maximum leverage for a professional account.

There is no information given on XTRgate’s website about the types of accounts offered. From what we can make out, there is only one account that this broker has, and the minimum deposit requirement for it is $250.

The broker has not mentioned details of the spreads offered, but we were able to register for an account and we found out that the EURUSD pair has a spread of 3 pips.

There is no information provided on the tradition conditions. However, when we accessed their web-based trading platform, we found out that the leverage ratio was maxed at 1:20.