Scam Brokers

There is no mentioned of the trading costs; the only thing that the broker say is that you have the option of choosing between fixed or variable spreads. However, we were able to see on the demo account that BitFXmarkets offers a floating spread of 0.7 pips for the EURUSD pair.

While this broker has not given details about its trading conditions, we were able to register for an account and found out that the leverage ratio offered by them stands at 1:100.

You will be dealing with an anonymous broker if your contract with Amex Financials. This broker has not provided any details about the company that owns and operates them.

The maximum leverage offered on all types of accounts is 1:200, however, the broker has not given any other information on its trading conditions. So, we do not know what the spreads, rollovers or commission fees charged by CoinShield Limited are.

There is only one advantage you will get if you trade with GiroFX – the range of trading instruments they offer. GiroFX has a large selection of foreign currency pairs, as well as CFDs on a range asset classes such as indices, stocks, commodities, precious metals and even some cryptocurrencies.

The broker has not mentioned the trading conditions on its website. We only know the leverage ratio for the Basic account because we registered for an account to check the trading conditions. The spreads in that account for the EURUSD was fixed at 0.4 pips

Here are the accounts that FirstCapital offers its customers: Bronze, Silver, Gold and VIP. For each of these types of accounts, the maximum leverage is 1:500. The broker gives no further information about its trading conditions.

Fxbay claims that they offer their customers 6 different types of trading accounts, however, when we checked their account types, details for only 3 types of accounts have been given:

Reading through the broker’s website, we found out that the leverage ratios offered by this PatForex stand at 1:500, and the spreads seem to start at 0 pips, however, we were unable to confirm this information since we were unable to access the trading terminal – an issue we will explore further in our review.

Information about the trading conditions are rather sparse. We know that the leverage offered is 1:200 and the spreads start at 3 pips. However, there is no other trading related information.