It’s a jungle out there in the world of online trading. It’s important to have the information you need to make the right trading decisions–whether you want to trade forex, options, stocks, commodities, or cryptocurrencies.
Unfortunately, many dodgy players pretend to be brokers or offer crypto mining and other financial services. It’s not surprising that there are more sham operations than regulated, legitimate brokers.
Don’t fall prey to these scam brokers, but do your due diligence before opening a brokerage account. Also, find out everything you can about these brokers. Read broker reviews created by Broker Complaint Registry experts who understand the dynamics of fraudulent and legitimate online financial services.
Ideally, fraudulent brokers would be more obvious to spot, but too often, they adopt clever disguises and use tactics that can fool even those with trading experience.
It’s important to check for a license. However, this isn’t as simple as it may seem. We’ve seen unlicensed brokers adopt a name and a logo similar to regulated brokers. This is called a clone broker scam, and the intent is to mislead people who are intending to trade with a licensed broker, but they get confused by a similar name and sign up with the scam broker instead.
In addition, there are cases of brokers who did have a reliable license, but they may have had this license revoked by the regulator. Perhaps they lost their license because they used false advertising, received a plethora of customer complaints, or were caught engaging in unscrupulous activities. It’s very common for these brokers to continue to tout their license as if they still have it, and to continue their unsavory activities.
A broker may be licensed, but maybe it’s a third-rate license from an offshore regulator. Some of these regulators simply issue licenses for nearly everyone who applies and doesn’t undertake any auditing of their licensees, nor does it provide oversight for consumers or pay attention to their complaints.
Any legitimate broker should want prospective clients to get to know their company. However, many fraudulent brokers are evasive. Their websites don’t reveal any information about them–who runs the brokerage, where they are located, their credentials, or whether they have been written about in the press.
Phrases such as “The world’s greatest broker,” on web pages can seem harmless. No one is going to expect them to prove objectively that they are the world’s greatest broker. However, it is indicative of a lack of professionalism that is also apparent in poor quality web content and extravagant guarantees.
If you see guarantees that you will make specific rates of daily, weekly, or monthly returns, whether the amount is 2%, 30%, or 90%, don’t look any further. Brokers shouldn’t be promising specific rates of returns.
Researching a broker is important. That means doing “negative” research as well-finding out if there are any red flags, customer complaints, or regulator warnings about the broker. Customer review sites aren’t entirely reliable, because many of those reviews are created by people in the company or competitors.
That’s why our scam broker lists–which are updated monthly–are an essential tool for researching trading services. With our up-to-date scam broker list, you can feel confident that you have current information on brokers that is useful for making smart decisions about trading.
If you’ve lost money to any of these scam brokers, it’s important to seek our assistance. We’ll launch an investigation to bolster your claim and help you track down your funds.
|click2sell||ming dao international trade limited||crypto5||expanssion|
|Brookfield Investment Funds Plc (clone of FCA firm)||fundity||Brewin Dolphin||JTTRADER (Clone of authorised firm)|
|trust investing||cash mining||28crypto||bit trade expert|
|24 trade fair||fair money||twitxoptions||Integral Development Asset Management (Clone firm)|
|ethereum global||bittrain||invest coin||apextrade options ltd|
|kingston trading||Prime Bitcoin Miners||crypto engine||bennet global|
|pyramidal structures offering training in trading||trade profit option||perfwallet||hedge capital|
|24hourly profit||bitgainex||555markets||crypto horizon option|
|crypto kartal||Ledbury Plc (clone of authorised firm)||nava gates||BOIB Finance Investment Management (clone of FCA authorised firm)|
|cryptonash||wannacry ransomware||1960 binary trade||airbit club|
|luxxcapital||five pines capital||UK Bonds Group||noble markets|
|binary trading capitals||etfinance||simplex finance||daylour|
|investusd||24 expert coin||trust fund trade tft||gandcrab ransomware|
|wolfs fundusz private equity sa||Bahama Banker||gs global capital||cryptopack|
|auto trade option||Nat International Funds (Clone firm)||atlasfmi||savi holdings ltd|
|cryptobravos||express mining zone||moneytreeinvestment||starkmarkets|
|hljyxt||amelok broker||avari trade||Blix Group|
|bit hashsopx||vipcrypto||lv grow markets||Brexit Money Machine|
|Crosswind Asset Investments GmbH||Global Wealth Investment (Clone of FCA authorised firm)||wellington management europe clon||privilege group international|
|Auto Money Maker||investments in car parks||Quantom Capital a trading style of Protiviti International Limited||idea online sp z o o|
|enterprise||24 trade explore||grand international futures company ltd||24primeoption|
|Coinshield||cryptozone 247||simple500||vivaexchange ou|
|leadernet ou||invexusgroup||alpha crypto||Crosswind Asset Investments GmbH|
|1K Daily Profit||karatbit exchange||kldc technical systems bitcapcm||SLBE BVBA (clone of EEA authorised firm)|
|Go Compare the Bond Market \/ www.gocomparethebonds.com (Clone of FCA Authorised firm)||wise investments||EU Traders Monitoring Team (clone of authorised firm)||CryptoGM|
|bwgfnhk||coinscapital||fast trade option||Pierre Lafont Brokerage (clone of an EEA authorised firm)|
|comtrade financial||ankor group investment ltd||club del angel funding s l||Binary Interceptor|
|cryptospace mine||bidcoiner||abconseils patrimoine||Binary Secret|
|crypto bit ltd||coinvestox||bitcoin future web soft||andrzej ryc|
|British Bonds||Bank Tracker Bot||gate brokers limited||Isa search|
|tradenix||erfinance||quick trade options||quotatrade|
|insurance brokerage marlena krzesniak||cashcrates||Investment Search||Cash Formula|
|takahashi and partners||binary expert option||12dailyhyip||damarkets|
|ambic royal trust bank limited||swissinv24||profex trade||cashbit|
|crypton broker limited||jitak capital limited||crypto window ltd||perspectplus|
|business choice partners group limited||finteq||cryptonxt||nanhua futures|
|crypto sfs||hourinstant||lionsfm||aintree finance ltd|
|coinsmain||cryptoinvestments||pro capital markets scam broker complaint review||Allianz Global Investors|
|Bullish University||northway brokers||emoptions trade||tradescrypto|
|investo brokers||Debt Solutions||investhyip||tradicrypto|
|crypto earningss||huber group invest||50K A Week||rmt500|
|pcash||lihome central||Alpstone Capital Services Limited (clone of FCA authorised firm)||Aurum Tech|
|ila international||brock holdings||ccx crypto||classic apex trade|
|Black Panda Loans \/ Quick Lends (clone firm)||Apex Capital Associates||Alreford DAC (Clone of an EEA authorised firm)||yacht company|
|altana||welt trade options||Binary Brain Trust||coinsflow|
|bit holdings||primefunder||Cash Loophole||wealthbct|
|anb express bank limited||invertplus||proyectos blo xxi sl||strongdeposit|
|One Crypto Trade (clone of authorised firm)||oasisadvisers||bnp paribas bank||Broker Scam Complaint Broker Scam Complaint | Scammed by an Online Broker|
|Savone Pierre Brokerage (clone of EEA authorised firm)||Atlas FMI||Alliance Venture Management (Clone of an EEA authorised firm)||selected markets scam broker complaint selected markets review|
|Cambridge Method||clearspring capital||cryptobank||titan pro 500|
|GFS Renewable Energy||undry asset management gmbh||binomo||introteamoption|
|vexani||doublerpoint||empire investment||Binary Trust Method|
|gain max option||crypto active pro||platinium fund||finarix|
|Numisbitbond (clone of FCA authorised firm)||Class Wealth Management (Clone of an EEA authorised firm)||cryptoiam||Cryptozone24 (clone of authorised firm)|
|coinbrokerz review report a scam||lblv||BitCoin Money Machine||invest pro|
|unauthorised atypical investments||flixgm||aspenholding scam broker complaint review||trade market 247|
|bosspay||petya ransomware||ferpay sp z o o||ial ltd|
|crowd1||fair crypto profits||crypto boost mine||luckyplay|
|automaniya||ifp markets||sebtan||index crypto market|
|tan allen piguet asset management||Cromwell Investment Services \/ Cromwell Capital Ventures UK (clone of authorised firm and UK registered company)||nt btc||London Fixed Bonds|
|55cmt||global mining city||tradersmulticlub||pennyworth investments limited|
|marshal lion consulting sp z o o||gmt crypto||Universal Leasing Limited (clone of authorised firm)||10crypto|
|platinum trade investment||finexis bank||miningcheap io||elite trading|
|premium trades||forestcapital||qualityinvest||esteemed investment|
|3 Week Millionaire||veritas international finance services ltd||Cash Loans 4 u (Clone of FCA authorised firm)||altanabit|
|The Profit Prince||muonacryptotradingplatform||Southgate & Culham Investments (clone of Appointed Representative firm)||Deutsche Bank UK \/ DB UK (Clone of FCA Authorised firm)|
|ECM UK LTD (clone of previous EEA authorised firm)||intexter||cryptozilla||wallet plus|
|Libra Markets||skywin profit||swiss market||mazdar international|
|Heron Wealth Management (clone of FCA authorised firms)||marketcfd||crypto2||cryptocent 24|
|La Talento LTD \/Talento Trading LTD||ccai limited||amarbit||resolute cryptotrading|
|lions fm||gain 24 option||aspen investment llc||ctxprime|
|mcoinmarket||coin desk option||royalcfds review report a scam||aeobinvesting|
|Blazing Trader||coinone||citiglobalhk||intel mining|
|qualion finance||brokermasters||grahamalpha||aron asset management|
|kronosinvest scam broker complaint review||Auto Trader Alpha||1rc||Britannia Credit Union (clone of FCA authorised firm)|
|Cryptotraderoptions||geneva capital group||prime24options||actio conseil|
|mycryptowallet ltd||Goldman Banc||infinitrade||World Escrow Solutions|
|xdcf||rsm finance||ant poolmining international||bithouse mining option|
|My Scam Adviser \/ MyScamAdviser||suissecg scam broker complaint suissecg review||247 bitcoin crypto||golden sky capital|
|rex consulting||income root||global finance flux||traderia|
|comexmine||My MarketUK||Banker Profit System||manson ford|
|Algo Trading Robot||Automata Formula||tradeprofitweb||Cash Capital System|
|prometheus ltd||cbf options||needful markets||cryptopmarket|
|profit4||Rathbone Trust Capital (Clone of authorised firm)||fujihk||beekash payment solutions s r o|
|Big Banks Method||ferpay ltd||Brokers Flagged by the MAS||eddids|
|gcg 24||premiumborsa||Cash Improve System||cryptofixflow|
|clarksdale capital||expert cryptominer||Wyelands Bank (clone of FCA authorised firm)||South West Capital Partners LLP (Clone of FCA authorised firm)|
|swing markets||e business partner sp z o o||Brooks Blueprint||advance trade option|
|cash capital options||cryptopoint||beirut options||the premium brokers|
|expert optioner||clear option 24||amatac||invcenter|
|Brexit Bot||Binary Option ProBot||Kensington Bonds Group||law firms ||
|trucrypto s a||cityprofit||miner co in||5 day Millionaire|
|Binary Options Millionaire||Courtiers Investment Services Limited||Chase de Vere Independent Financial Advisers limited||24newstrade|
|genesis crypto miners||fidlo international ltd||neuric||paydiamond|
|bitio||ello digital||2020king||Azure Method|
|Excellent Bonds||Amissio Formula||bitcoin system websoft|
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with a broker on our scam brokers list, close it and request a withdrawal. If you are not given your money back, contact the Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports that will help you with your case.