Forex Brokers To Avoid

Trading in the forex market has its complexities and challenges. One of the difficulties is choosing a proper Forex broker and working with it. In the currency market, there are a number of unprofessional and problematic brokers using subtle and smart ways waiting for achieving traders’ capital dishonestly.

  • OT Capital. They have gotten a warning from ASIC.
  • EU Capital. They ask you to deposit over and over again. They even try to get you to login to your bank account over a shared screen.
  • MultiplyMarket is a clone of Trading Technologies.
  • BlueTrading have an FCA warning for claiming to be FCA regulated when they in fact are not.
  • Facebook Group Investment/Profits, FBO Trading Signals & Bitcoin investments – They don’t allow withdrawals and block you as soon as you ask for a withdrawal.
  • ECN Capital. They claim to be CySEC regulated but are not.
  • GBCFX – Unregulated broker having issues handling withdrawals.
  • Forex365Options – they make you pay fees that aren’t even in any terms and conditions. Website hardly works either.
  • Toptrades.co – Not regulated so should be avoided.
  • fx-premium. They are copying the website of JFD Brokers so should be avoided
    

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