Scam Brokers

Inter Prime offers you three different types of trading accounts – the ECN Account, the Algo Account and the Dealing Account. However, there are no further details provided. We do not know what the minimum deposits or the spreads are, but the broker does say on their website that they offer a leverage ratio of 1:500.

Elite Strategies offers leverages of 1:500 for forex trading, 1:100 for Indices and 1:100 for Commodities. For the Standard and the Swap Free Account, there are commissions applied, but for the ECN Account, there is a $10 commission per lot.

Plutus.pro states on their website that they are a brokerage owned and operated by a company called ITM Solutions LLC. This company has a registered address in St.

Prime24 Options is owned and operated by a company called P24O Ltd, which they claim is regulated by the MFSA (Malta Financial Services Authority), as well as the US Financial Services Authority.

MetaFinanceTrade has shared literally next to nothing about the trading accounts they offer, or even the trading conditions the broker has.

JustProForex seems to offer only one type of trading account, where the minimum deposit requirement is $500. The maximum leverage offered by the broker is 1:1000. This broker has not mentioned the exact spreads they offer; all they have said is that they offer raw spreads that have low commissions.

ProfitSystemFX claims that it is regulated by the CySEC (Cyprus Securities and Exchange Commission) as well as the FSC (Financial Services Commission) in Belize.

While the broker has not mentioned any trading conditions on their website, we were able to check their platform. When we did, we found out that the maximum leverage offered is 1:400, and the spreads for the EURUSD currency pair stands at 3 pips.

The maximum leverage you can get while trading with AMFX is 1:400, but we do not know what spreads are charged by this broker – all we know is that they are fixed.

ZHRT offers you two different types of trading accounts: the Standard account and the ECN account. Beyond this, the broker has not provided any information about the minimum deposit requirements for these accounts.