Top Scam Forex Broker Ranking

No Regulation

Sinox FX

5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential risk

TOP1

No Regulation

BANKING CIRCLE

5-10 years Suspicious Regulatory License High potential risk

TOP2

Lots of Complaints

ZFX

5-10 years Regulated in United Kingdom Inst Forex Execution (STP) MT4 Full License High potential risk Offshore Regulated

TOP3

Regulated

JustMarkets

2-5 years Regulated in Cyprus Derivatives Trading License (STP) MT4 Full License Global Business High potential risk Offshore Regulated

TOP4

Lots of Complaints

MultiBank Group

10-15 years Regulated in Australia Market Making License (MM) MT4 Full License Regional Brokers High potential risk Offshore Regulated

TOP5

No Regulation

Binomo

5-10 years Suspicious Regulatory License Global Business High potential risk

TOP6

Regulated

akcenta

5-10 years Regulated in Czech Republic Market Making License (MM) Self-developed Suspicious Scope of Business

TOP7

Regulated

VSTAR

2-5 years Regulated in Australia Inst Forex Execution (STP) MT5 Full License High potential risk

TOP8

Scam Brokers

HTFX

Scam Brokers 5-10 years Regulated in Vanuatu Forex Trading License (EP) Suspicious Scope of Business High potential risk Offshore Regulated

TOP9

No Regulation

PocketOption

5-10 years Suspicious Regulatory License Self-developed Global Business High potential risk

TOP10

No Regulation

RoboForex

10-15 years Suspicious Regulatory License White label MT4 Global Business High potential risk

TOP11

Offshore Regulated

zenstox

2-5 years Regulated in Seychelles Derivatives Trading License (EP) High potential risk Offshore Regulated

TOP12

No Regulation

IEXS

5-10 years Suspicious Regulatory License MT4 Full License Regional Brokers High potential risk

TOP13

No Regulation

Virtus Investment Partners

2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential risk

TOP14

Regulated

FXBTG

15-20 years Regulated in South Africa Derivatives Trading License (EP) MT4 Full License Global Business

TOP15

No Regulation

Zaffex

1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential risk

TOP16

No Regulation

OXShare

2-5 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential risk

TOP17

No Regulation

Gold Fun Corporation Ltd

2-5 years Suspicious Regulatory License Self-developed Suspicious Scope of Business Hong Kong Precious Metals Trading (AGN) Revoked High potential risk

TOP18

No Regulation

TradeEU Global

2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential risk

TOP19

No Regulation

StrimTrading

2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential risk

TOP20

No Regulation

KATOPRIME

5-10 years Suspicious Regulatory License MT4 Full License High potential risk

TOP21

Offshore Regulated

Connext

2-5 years Regulated in Seychelles Derivatives Trading License (EP) MT5 Full License High potential risk Offshore Regulated

TOP22

No Regulation

FirewoodFX

5-10 years Suspicious Regulatory License MT4 Full License Global Business High potential risk

TOP23

No Regulation

Hero FX

2-5 years Suspicious Regulatory License MT5 Full License Global Business High potential risk

TOP24

Regulated

Alpari

5-10 years Regulated in Belarus Forex Trading License (EP) Self-developed Regional Brokers High potential risk

TOP25

No Regulation

GatesFX

1-2 years Suspicious Regulatory License MT5 Full License High potential risk

TOP26

Regulated

LiteForex

15-20 years Regulated in Cyprus Forex Execution License (STP) MT4 Full License Global Business High potential risk

TOP27

Unverified

Capitalix

5-10 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential risk

TOP28

Offshore Regulated

TRADEVIEW MARKETS

5-10 years Regulated in Cayman Islands Derivatives Trading License (EP) MT4 Full License High potential risk Offshore Regulated

TOP29

No Regulation

TAEBANK

1-2 years Suspicious Regulatory License High potential risk

TOP30

Regulated

ForexClub

15-20 years Regulated in Belarus Forex Trading License (EP) MT4 Full License Regional Brokers High potential risk

TOP31

No Regulation

LMAX Global Ltd

2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential risk

TOP32

No Regulation

CG FINTECH

5-10 years Suspicious Regulatory License White label MT4 Regional Brokers High potential risk

TOP33

Regulated

HEADWAY

2-5 years Regulated in South Africa Derivatives Trading License (EP) MT4 Full License Regional Brokers High potential risk

TOP34

Regulated

TenX Prime

2-5 years Regulated in South Africa Derivatives Trading License (EP) Suspicious Scope of Business High potential risk

TOP35

No Regulation

Hankotrade

5-10 years Suspicious Regulatory License High potential risk

TOP36

Offshore Regulated

FXC

5-10 years Regulated in Seychelles Derivatives Trading License (EP) Self-developed Suspicious Scope of Business High potential risk Offshore Regulated

TOP37

No Regulation