Scam Brokers

DGXLTD states that it has more than 1000 assets on offer for its clients. These assets range from foreign currencies pairs to CFDs (Contracts for Difference) in world stocks, top indices, a range of commodities and a large number of cryptocurrencies.

FXBase’s corporate information is rather confusing. The broker claims that its holding company is FX Base Holding Limited, which consists of two companies.

Since we always try to present both the pros as well as the cons when were carry out a review of a broker, here are the advantages of doing business with CNBSFIN:

Coinyards also offers its clients various investment plans, and uses automated crypto-trading bots, which the broker claims have been developed by them. The two bots are the Coinyards Arbitrage Bot and the Coinyards Scalp Bot.

This broker also offers its clients a welcome bonus. However, beyond the initial deposit requirement, we do not have any information about what the other trading conditions are. We do not know what the leverage ratios are, and neither do we know what the spreads are.

OmegaPro has given no information about its trading accounts and conditions on its website. The broker does seem to have various trading packages, but unless you register yourself as an affiliate, you cannot get these details.

ForTradersFX claims that it offers both the MT4 as well as Sirix trading platforms. However, while we could not download the MT4 software or even access its web-based version, we were able to access the Sirix platform.

WiseFunds offers its customers a leverage ratio of 1:500, which is quite high by industry standards. What this means is that even traders with a high-risk appetite would be satisfied with trading on this broker’s platform.

Elite Traders FX claims to offer its clients the MT5 trading platform, which is a big plus – if it’s true. We were not able to access the platform, so we cannot confirm that this broker actually does offer this software to its clients.

Besides the account types and the minimum deposit requirements, we don’t know much about the trading conditions. There is mention of a leverage of 1:150 for the Basic account, as well as a fixed spread of 3 pips, but the details for the rest of the accounts are missing.