Top Scam Forex Broker Ranking

No Regulation

BANKING CIRCLE

5-10 years Suspicious Regulatory License High potential risk

TOP1

No Regulation

Sinox FX

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

TOP2

Lots of Complaints

ZFX

5-10 years Regulated in United Kingdom Straight Through Processing (STP) MT4 Full License High potential risk Offshore Regulated

TOP3

Lots of Complaints

MultiBank Group

10-15 years Regulated in Australia Market Maker (MM) MT4 Full License Regional Brokers United Kingdom Appointed Representative (individual) Revoked Suspicious Overrun High potential risk Offshore Regulated

TOP4

Scam Brokers

HTFX

Scam Brokers 5-10 years Regulated in Vanuatu Retail Forex License Suspicious Scope of Business High potential risk Offshore Regulated

TOP5

Regulated

Anzo Capital

5-10 years Regulated in Australia Financial Service MT4 Full License High potential risk

TOP6

No Regulation

PocketOption

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

TOP7

Regulated

VSTAR

2-5 years Regulated in Australia Institution Forex License (STP) MT5 Full License Regional Brokers High potential risk

TOP8

No Regulation

Binomo

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

TOP9

No Regulation

Galileo FX

2-5 years Suspicious Regulatory License High potential risk

TOP10

Regulated

LiteForex

15-20 years Regulated in Cyprus Straight Through Processing (STP) MT4 Full License Global Business High potential risk

TOP11

Unverified

E TRADE

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

TOP12

No Regulation

Virtus Investment Partners

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

TOP13

No Regulation

TAEBANK

1-2 years Suspicious Regulatory License High potential risk

TOP14

No Regulation

Hero FX

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

TOP15

Offshore Regulated

RoboForex

10-15 years Regulated in Belize Retail Forex License White label MT4 Global Business High potential risk Offshore Regulated

TOP16

No Regulation

TradeEU Global

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

TOP17

Exceeded

FXBTG

15-20 years Regulated in South Africa Financial Service Corporate MT4 Full License Global Business Suspicious Overrun Medium potential risk

TOP18

Regulated

Alpari

5-10 years Regulated in Belarus Retail Forex License Self-developed Regional Brokers Belize Common Financial Service License Revoked Suspicious Overrun High potential risk

TOP19

No Regulation

GatesFX

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

TOP20

No Regulation

AMARKETS

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

TOP21

No Regulation

Dollars Markets

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

TOP22

No Regulation

LMAX Global Ltd

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

TOP23

Offshore Regulated

GO4REX

5-10 years Regulated in Seychelles Retail Forex License High potential risk Offshore Regulated

TOP24

No Regulation

Zaffex

1-2 years Suspicious Regulatory License High potential risk

TOP25

Unverified

FXDD

5-10 years Suspicious Regulatory License Suspicious Overrun High potential risk

TOP26

Unverified

Capitalix

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

TOP27

Exceeded

HEADWAY

2-5 years Regulated in South Africa Financial Service Corporate MT4 Full License Regional Brokers Suspicious Overrun High potential risk

TOP28

Lots of Complaints

Deleno IFC

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

TOP29

Offshore Regulated

Zenstox

2-5 years Regulated in Seychelles Retail Forex License High potential risk Offshore Regulated

TOP30

Exceeded

Weltrade

15-20 years Regulated in South Africa Financial Service Corporate MT4 Full License Global Business Belize Retail Forex License Revoked Suspicious Overrun High potential risk

TOP31

Offshore Regulated

INZO

2-5 years Regulated in Seychelles Retail Forex License MT5 Full License Regional Brokers High potential risk Offshore Regulated

TOP32

Regulated

akcenta

5-10 years Regulated in Czech Republic Retail Forex License Self-developed Suspicious Scope of Business

TOP33

Regulatory blacklist

NINJATRADER

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

TOP34

Regulated

ForexClub

15-20 years Regulated in Belarus Retail Forex License MT4 Full License Regional Brokers High potential risk

TOP35

Offshore Regulated

CG FINTECH

5-10 years Regulated in Mauritius Retail Forex License White label MT4 High potential risk Offshore Regulated

TOP36

Unverified

XTrend Speed

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

TOP37

No Regulation

Warren Bowie & Smith

2-5 years Suspicious Regulatory License High potential risk

TOP38

No Regulation

BotBro

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

TOP39

Exceeded

FXCESS

5-10 years Regulated in Bermuda Common Business Registration White label MT4 Suspicious Overrun High potential risk Offshore Regulated

TOP40

Exceeded

KATOPRIME

5-10 years Regulated in Mauritius Common Business Registration MT4 Full License Global Business Suspicious Overrun High potential risk Offshore Regulated

TOP41

No Regulation