Overview of Afrifocus
Afrifocus Securities is a brokerage based in Johannesburg, South Africa. This firm boasts its advanced platform, excellent customer services and in-depth market research. They offer a wide collection of market instruments, including shares, ETFs, funds, forex, and CFDs.
Xcapital Markets
Xcapital Markets is an online brokerage, although the platform offers leverage up to 1:500 and the MT4 trading platform, it is not regulated by any authority. Furthermore, its official website is inaccessible, causing the risks of trading with them. The minimum deposit required by the platform is $50.
Vader
Founded in 2023, Vader is an unregulated brokerage company registered in China. This firm provides plenty of options for investing, including commodities, indices, currencies, options, stocks, etc with $0 handling fee.
Unlimited Forex Trade
Unlimited Forex Trade is an unregulated brokerage company registered in the United States. This firm specializes in cryptocurrency trading, boasting of its advanced platform and experienced team. Unlimited Forex Trade provides 24/7 customer support via email (support@unlimitedforextrade.com).
Axel Edge Markets
Axel Edge Markets is an unregulated brokerage company registered in Australia. The company can be contact by email support@axeledgemarkets.com or by phone +61 488805901.
Huangding International
Established in 2015 and with headquarters in China, Huangding International functions as an uncontrolled financial services provider. Its activities make use of the MT4/5 trading systems. The business provides client service via phone at +17743029807 and by email at hungding@hungdingfx.com and server@hungdingforex.com.
BillionStone
Established in 2019, BillionStone is a suspected cloned regulatory dealer in New Zealand. The company offers the MetaTrader 4 (MT4) platform for trading.
WSDFX
WSDFX is an unregulated exchange. Due to the website being inaccessible, information regarding deposits, withdrawals, leverage, and fees is very opaque. It is advisable to choose another platform.
KING TRADE
KING TRADE started in 2014 as an unregulated broker company with registration in China. The company offers a demo account for risk-free practice. A minimum deposit of $20 is required for live trading.
WellLink
WellLink, founded in 2012 and based in Hong Kong, is a financial services provider specializing in margin financing, securities, and futures trading. It operates under the oversight of the Securities and Futures Commission (SFC) of Hong Kong.
Prosperi Investment
Prosperi Investment is an unregulated financial company based in Switzerland that specializes in investments in real estate, agriculture, and cryptocurrency. The company provides multiple investment plans and a Profit Calculator to assist investors.
ByBitProfit
ByBitProfit is a forex broker that was registered in 2023 and operates in the United Kingdom. As a relatively new entrant in the forex trading market, it provide trading services for foreign exchange markets.
Finiko Review
Finiko Company Limited is an unregulated brokerage company registered in Russia.
GoldSilver Central
GoldSilver Central, founded 5-10 years ago and located in Singapore, specializes in trading precious metals such as gold, silver, and platinum. The platform operates without regulatory oversight. Users can trade with a low fee of 0.25% for both buying and selling, and face high distributor fees of 3% for smaller transactions. Payment methods include cash, internet banking, PayNow, NETS, telegraphic transfer, and cheques. Customer support is accessible via phone, WhatsApp, fax, and email.
GOLDEX
GOLDEX, based in Belize, specializes in trading precious metals, primarily gold. The platform was previously regulated by the International Financial Services Commission (IFSC), but this regulation has been revoked. GOLDEX operates using its GDX Trader platform, accessible on iOS, Android, and PC. Users are required to upgrade to VIP status to withdraw funds. The official website is available only in Chinese, and customer support is available via email at cs@goldexglobal.hk.
Oval Capital
Hong Kong-based Oval Capital was established in 2014 and provides a range of trading products, such as forex, CFDs, commodities, cryptocurrencies, and stocks. Although the company has a wide range of products and cutting-edge trading platforms including MT4 for PC, MT4 Mobile, and Oval Capital Apps, it is not governed by any established financial body, which could put traders at danger. Oval Capital offers a variety of account kinds and accepts a range of deposit and withdrawal options to meet the demands of traders.
Woodland Forex
Woodland Forex is a trading broker established in 2023, headquartered in China. It offers various trading instruments, including Forex, precious metals, crude oil, and indices. Traders can access these instruments through platforms like MetaTrader 5, cTrader, and WebTrader. Despite providing educational resources and 24/5 customer support, Woodland Forex operates without regulatory oversight.
Moneta Market
Moneta Market, founded in 2023 and headquartered in Canada, positions itself as a versatile online trading platform offering access to a wide range of financial instruments including Forex, CFDs, metals, cryptocurrencies, and equities. Despite its expansive product offering and promising low ECN spreads starting from 0.0 pips, it operates without regulatory oversight.
JAMES TRADE ONLINE
JAMES TRADE ONLINE, founded in 2020 and headquartered in the United States, offers a diverse range of tradable assets including Forex, Crude Oil WTI, Binary Options, ETF-Stocks, and over 205 cryptocurrencies such as Bitcoin, Bitcoin Cash, and Ethereum. Despite being unregulated, the platform provides various account types (Starter, Basic, Pro, and Executive) with minimum deposits ranging from $500 to $50,000. It features an award-winning, user-friendly trading platform and offers expert-led educational courses on cryptocurrency and forex trading. However, specific details on maximum leverage, spreads, commissions, deposit methods, and bonus offerings are not provided.
Alkem Venture Partners Ltd
Alkem Venture Partners Ltd, registered in China, operates as an unregulated broker offering a diverse range of market instruments, including Forex, Metals, CFDs, and Cryptocurrency. The firm provides multiple account types for various trading needs and offers web access to its trading platform. While there is no commission structure specified, clients can reach customer support via email at cs@alkemfx.com for assistance.
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