Scam Brokers

RoyalFunds claims to be a leading financial institution in Europe that deals with trades in Forex, CFDs and Binary Options.

Qteck offers its clients 5 different account types:
– Basic: You need to make an initial deposit of a minimum of $250 to trade on this account.
– Bronze: You need to make an initial deposit of a minimum of $5,000 to trade on this account.
– Gold: You need to make an initial deposit of a minimum of $50,000 to trade on this account.

YorkCG is a forex broker registered in St. Vincent and the Grenadines (SVG). The broker offers 4 different types of accounts:
– Self-Manage: This account has a minimum deposit requirement of €250, and has a maximum leverage of 1:100.
– Gold: This account has a minimum deposit requirement of €10,000, and a maximum leverage of 1:200.

MyTeamFX claims to be an internationally acclaimed broker with multiple awards. It also claims that if offers trading instruments that range from Forex currency pairs, CFDs on stocks, indices, commodities and cryptocurrencies, as well as ETFs.

ECNSwiss offers its clients the MT5 platform on which to trade. This we feel is a really big plus, since it is one of the best trading platforms in the world.
This software is MetaQuotes’ latest offering and is an upgraded version of the older MT4 trading platform.

Trendex is a Forex and CFD broker that is based out of Hong Kong. The broker offers its clients a choice of 4 different account types:
– Bronze: With a minimum deposit of €500, a leverage of 1:200 and a spread of 1.8 pips
– Silver: With a minimum deposit of €5,000, a leverage of 1:300 and a spread of 1.5 pips
– Gold: With a minimum deposit of €25,000, a leverage of 1:400 and a spread of 1 pip
– Black: The minimum deposit is not specified, but the account has a leverage of 1:500 and a spread of 0.5 pips.

CapitalGMA claims to be a financial services provider based out of Bulgaria that offers a web-based trading platform. The broker also claims to offer 3 different account types with which you can trade.

360BullFXTrading claims to be a binary options brokerage offering more than 100 trading instruments. It also claims that it offers a good payout and has a web-based trading platform.

Nexo-Group claims to be a Forex broker that is based in Germany. The brokerage offers its clients a number of types of trading accounts, which we have listed below:
– Bronze: A minimum deposit of €1,000 is required to open such an account.
– Silver: A minimum deposit of €5,000 is required to open such an account.
– Nexo: A minimum deposit of €10,000 is required to open such an account.

PrimInvestFX touts itself as one of the best brokers for Forex in the industry, and it claims to offer trading in more than 50 currency pairs as well as CFDs on various asset instruments such as indices, commodities, precious metals, and so on.