Have you received calls from Quotex executives claiming to offer you returns of over 50% per month? Do you face both deposit and withdrawal issues at this company? Or have you faced a complete scam trading with this forex broker? You're not alone. Here is the exposure story.
Forex market is unpredictable and affected by global events, central bank policies, geopolitical tensions, and even unexpected news releases .This volatility can be challenging for traders. However, those with a solid plan and strong strategies are less affected by market fluctuations..To avoid losses and stay stable in volatile conditions, it’s crucial to understand these 6 effective strategies. Theyll help you navigate market trends.
These are important rules that most people won’t tell you. Whether you’re new to Forex beginner or have been trading for a while, these tips can help improve your trading journey. Read this article to learn the key rules every trader should keep in mind.
Prime FX CFD is constantly grabbing headlines, but not for the right reasons. It has become an infamous name in the forex market, which, otherwise, has become the reason for many becoming financially independent globally. Investors have been taken for granted as scams keep happening. We have found some red flags with this scam forex broker. In this article, we will let you know about them. Keep reading!
Are you facing withdrawal issues with JAFX? Are its executives asking you to pay a fee to get withdrawals? Accepted withdrawals failing to hit your wallet? You are virtually scammed by the company. Explore this story containing a wide range of issues investors face at JAFX.
VIDEFOREX is an unregulated forex broker, offering trading in its proprietary web, Android, and iPhone trading platforms.
N1CM is a broker that provides online trading services that allow clients to trade in multiple financial markets, including forex, metals, commodities, indices, stocks, and cryptocurrencies. N1CM offers a wide range of trading products and flexible account options, making it suitable for traders of all levels, especially newbies and users who want to try their hand at trading with high leverage. However, due to its unregulated status and the potential risks associated with high leverage, traders should fully assess their risk tolerance and conduct in-depth research before trading.
JP Markets was registered in South Africa, offering trading on forex, stocks, indices, commodities with leverage up to 1:2000 and spread from 0.5 pips on MT5. The minimum deposit requirement is R100. However, it does not provide services for residents in certain areas.
TenTrade is a Seychelles-based forex and CFD broker founded in 2010 and licensed by the Seychelles Financial Services Authority (FSA) with a retail forex license (SD082). TenTrade offers three account types (PRO, ECN, BONUS), supports MT5 platform trading, covers a wide range of assets such as forex, commodities, indices, and provides flexible leverage up to 1:500. However, it has been flagged as suspicious clone by the Cyprus Stock Exchange (CySEC) and other authorities and is subject to regulatory controversy, requiring customers to carefully evaluate its legality and risks.
Tradovate was registered in the US in 2014, offering trading on futures and options on Tradovate platform with a minimum deposit requirement of $0. It provides various contact channels for customer support, but now it holds a suspicious clone license, which means potential risks cannot be ignored.
AdroFX is registered in Vanuatu, offering trading on forex, shares, spot metals, indices with leverage up to 1:500 and spread from 0.4 pips on AllPips platforms. It has a license issued by VFSC, but the current status is revoked. Besides, it does not provide services for residents in certain areas.
CITIC Securities International (CSCI) is a Hong Kong-regulated broker founded in 2001, offering trading in stocks, futures, funds, bonds, and insurance. It provides four trading platforms to meet the needs of different users. However, its fee information is unclear, and it does not accept third-party or cash deposits.
MEXEM, founded on July 28, 2008, is a Cyprus-based broker regulated by CySEC. It provides access to diverse instruments like stocks, ETFs, and futures, and supports multiple trading platforms. However, it does not offer MT4/MT5 and has limited educational support for beginners.
FXPRIMUS is a broker, which was founded in Vanuatu in 2020, offering trading on forex, metals, equities, indices, cryptos and stocks with leverage up to 1:1000 and spread from 1.5 pips on MT4/MT5/WebTrader trading platform. The minimum deposit requirement is $15. Besides, residents of Australia, Belgium, Iran, North Korea and USA are not allowed.
NOZAX, founded in 2017, is a brokerage registered in Montenegro. The trading instruments it provides cover forex, shares, indices, and commodities.
Otkritie, registered in Cyprus, is an online trading platform regulated by CySEC. It offers Investment Advisory, Brokerage, and Asset Management services via its Open Key and QUIK platforms.
Simplex Asset Management is the core asset management company of Simplex Financial Group. Headquartered in Japan, it is one of the largest independent alternative asset management groups in Japan. It provides diversified financial products for investors, with its business covering both Japanese and international markets.
Founded in 2003, StoneX is an unregulated broker registered in the United States, offering trading on commodities, securities, FX, and digital assets on StoneX One platform.
Radex Markets is an offshore-regulated online trading broker headquartered in Seychelles. The platform offers MT4/MT5 trading platforms, covering over 350 instruments, including forex, stock CFDs, indices, metals, and cryptocurrencies, with support for 0 spreads and maximum leverage of 1:500. It provides Standard (no commission) and RAW (low commission) accounts, and offers promotional activities such as welcome bonuses and cashback.
Connext is a global CFD broker. It offers trading in forex, precious metals, energies and cryptocurrencies via the MT5 platform, with leverage of up to 1:1000. Account types include Micro Accounts, Ultra Accounts (0.6 pip spread, $6 commission per lot), No Swap Accounts for Islamic traders, and demo accounts. Features such as copy trading and multi-device MT5 access are also provided.