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Forex Broker Reviews
Beware: Latest Scam Brokers to Avoid

The Forex Industry is extremely fast-paced and filled with hundreds of regulated and unregulated brokers.  Unfortunately, there are cases where firms or private individuals attempt to defraud or mislead innocent investors.  Below is a Broker Blacklist featuring entities which are not regulated and appear on the official regulator watchlist. Please avoid these unlicensed scam brokers as your funds are not protected and they have been flagged for making false or misleading claims.

These firms are not authorised by the Financial Conduct Authority (FCA) and are targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.

BrokerLicencesRegulator WatchlistStatus
AffluenceFX Ltd0FCA Regulator Warning
Scam Broker
AstroFXOptions0FCA Regulator Warning
Scam Broker
AmeritForexTrade0FCA Regulator Warning
Scam Broker
BitForex Trade0FCA Regulator Warning
Scam Broker
CoingateForexPro0FCA Regulator Warning
Scam Broker
EasyFXExchange0FCA Regulator Warning
Scam Broker
Fastforextradelab0FCA Regulator Warning
Scam Broker
Forex Capital Gain0FCA Regulator Warning
Scam Broker
FortressFXCapital0FCA Regulator Warning
Scam Broker
Octa Stocks FX0FCA Regulator Warning
Scam Broker
Savetrust FX0FCA Regulator Warning
Scam Broker
SpringFX0FCA Regulator Warning
Scam Broker
TradeWise FX0FCA Regulator Warning
Scam Broker
Tranquil Trade FX0FCA Regulator Warning
Scam Broker
Octa Stocks FX0FCA Regulator Warning
Scam Broker
CMTradingFX0FSA Regulator Warning
Scam Broker
Trade Propel0FSA Regulator Warning
Scam Broker
Bull Copytrade0FSA Regulator Warning
Scam Broker