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  1. #1
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    Exclamation Broker Scam Info

    Glad I found this field to share news about broker scam. Hopefully this helps you guys!
    If you have any information about broker scamming, feel free to share on this thread.
    Let's be smart traders!

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  3. #2
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    NOVOX CAPITAL
    This broker is fined by CySEC because of some regulation violation. The broker mostly works on binary.
    Here is the complete news:
    Novox Capital fined by CySEC in another scam - Forex Broker News and Reviews

  4. #3
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    This is the current forex scam news in Malaysia. Some brokers are being investigated by the authorities due to a 80 Million Malaysian Ringgit fraud to thousands of clients. One of the brokers is Venus FX.

  5. #4
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    I forgot I had this thread
    Anyways, here we go again.
    I recently read news about HBC Broker. Under the name of company MPG Partners, based in Scotland. UK financial markets have warned traders about this broker.
    News:
    https://www.financemagnates.com/fore...rm-hbc-broker/

  6. #5
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    SFC Hong Kong has just issued a scam warning for Poloinvest. This broker works on forex, commodity, CFD and other tradings. Careful, guys.
    Here's the news:
    Hong Kong’s SFC Exposes Unauthorised Forex Broker Poloinvest | Finance Magnates

  7. #6
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    Nowadays, forex is very dangerous place because of scammers or fake brokers. After taking so many precautions and done many research I found the good and the best one. And that is TenkoFX. It is safe because I am trading with them for 2 years. Because it is licensed and regulated by governor body I do not fear to lose my money or my funds. This is most secure one.

  8. #7
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    Here's another report about scam broker. RCFX is reported to fail giving its clients the return it promised. well, i say never trust those kind of promises. be careful and be smart, people!

  9. #8
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    Be careful trading with OSG Forex. SFC just issued a warning against this broker because it claims to have an office in Hong Kong but it turned out... nope. This broker is categorized as performing unauthorized activity.

  10. #9
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    Quote Originally Posted by NewbieTrader View Post
    NOVOX CAPITAL
    This broker is fined by CySEC because of some regulation violation. The broker mostly works on binary.
    Here is the complete news:
    Novox Capital fined by CySEC in another scam - Forex Broker News and Reviews
    Even well known brokers such as FXCM have been caught scamming its clients and dealing with an unregulated firms. I guess an sturn action should be taken against such brokers

  11. #10
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    Quote Originally Posted by pipmtw View Post
    Even well known brokers such as FXCM have been caught scamming its clients and dealing with an unregulated firms. I guess an sturn action should be taken against such brokers
    FXCM is a scam? wow what do we know, huh. Yeah i've heard of this broker before. In fact, I've seen some of its promo ads. they can be punished by, let say, closing their business, and sue them with a long process of investigation.

  12. #11
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    It's true FXCM is indeed a broker scam. I found the news here:
    Biggest forex broker scam where the company has been caught
    It's been banned in US. And It was fined for $7 million. Wow. This was a good broker, you guys. Not just some menial one.

  13. #12
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    There has been chatters going on in the forex trading world about AvaTrade broker. Is this broker a scam? What about its regulation? Apparently, some brokers may operate without regulation. Is it trustworthy then?

  14. #13
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    Anyone here trade with Etoro? I have got a couple of trader friends who reported prolonged withdrawal process with suspicious reasons. I need to clarify this but I cannot find any representative in this thread.

  15. #14
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    You can also use Semi Mirroring, which allows you to see buy and sell signals in real time. Mirror trader , Customizable dashboard , 24h support , Ultra high security. Forex Yard offers the fastest registration - you will be able to start trading in 10 minutes

  16. #15
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    I have recently read alot of scam cases concerning ayrex, on forex peace army, I have never used this broker, so I don't if these claims are true, what is your opinion, is Ayrex a scam

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