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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.
Broker | Licences | Regulator Watchlist | Status |
AffluenceFX Ltd | 0 | FCA Regulator Warning | |
AstroFXOptions | 0 | FCA Regulator Warning | |
AmeritForexTrade | 0 | FCA Regulator Warning | |
BitForex Trade | 0 | FCA Regulator Warning | |
CoingateForexPro | 0 | FCA Regulator Warning | |
EasyFXExchange | 0 | FCA Regulator Warning | |
Fastforextradelab | 0 | FCA Regulator Warning | |
Forex Capital Gain | 0 | FCA Regulator Warning | |
FortressFXCapital | 0 | FCA Regulator Warning | |
Octa Stocks FX | 0 | FCA Regulator Warning | |
Savetrust FX | 0 | FCA Regulator Warning | |
SpringFX | 0 | FCA Regulator Warning | |
TradeWise FX | 0 | FCA Regulator Warning | |
Tranquil Trade FX | 0 | FCA Regulator Warning | |
Octa Stocks FX | 0 | FCA Regulator Warning | |
CMTradingFX | 0 | FSA Regulator Warning | |
Trade Propel | 0 | FSA Regulator Warning | |
Bull Copytrade | 0 | FSA Regulator Warning |