Broker Type: Brokers to Avoid

Is Immediate Edge Scam or Legit Broker? No, Immediate Edge is not a reliable company. Despite being an investment company or Auto trading software it is especially crucial to exercise precaution towards any Auto trading software or Signal Providers among the Trading Brokers alike. Any trading proposal for better safety and reliability should be properlyRead More

Is Moon4Traders Scam or Legit Broker? No, Moon4Traders cannot be considered a reliable broker due to its absence of a top-tier license. Moon4Traders LLC is incorporated in St. Vincent & the Grenadines as an international business company with registration number 1925 LLC 2022. The broker also claims to be regulated by the MWALI International ServicesRead More

Is Swissinv24 Scam or Legit Broker? No, it is not safe to trade with Swissinv24. Swissinv24 is owned by Swissinv24 Markets, which is an offshore company registered in the Marshall Islands. The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulateRead More

Is ProsperityFX Scam or Legit Broker? No, ProsperityFX cannot be considered a trustworthy broker because it lacks a top-tier license. ProsperityFX is managed by EnviLLC, which is an international broker for CFDs trading securities registered by the MWALI International Services Authority in Comoros (T2023238), and with the Financial Services Authority in Saint Vincent and the Grenadines. AlthoughRead More

Is Pu Prime Scam or Legit Broker? No, PU Prime cannot be considered a secure broker due to its absence of a credible license from a prominent regulatory body. The firm conducts its operations through PU Prime Limited and holds registration with the Financial Services Authority of Seychelles, which is frequently linked to questionable conduct inRead More

Is FxBitCapital Scam or Legit Broker? No, FxBitCapital cannot be considered a trustworthy broker due to its absence of a top-tier license from a prominent regulatory body. The firm operates under  FXBitCapital Group Ltd and is registered in St. Vincent and the Grenadines. However, the jurisdiction does not provide a high level of regulatory oversight andRead More

Is Gerchik & Co Scam or Legit Broker? No, Gerchik & Co is not a safe broker as it lacks a reputable license from a leading regulatory authority. The company conducts its operations under Gerchik & CO Limited and is registered in Vanuatu, a jurisdiction often associated with questionable practices. The Forex industry in VanuatuRead More

Is Leo Prime Scam or Legit Broker? No, Leo Prime is not a trustworthy broker as it lacks regulation. Leo Inc Limited has a registered office in Hong Kong, however, it is not regulated by the financial authority of the region –  the Hong Kong Securities and Futures Commission (SFC). Besides, the broker is registeredRead More

Is CMS Prime Scam or Legit Broker? No, CMS Prime is not a trustworthy broker as it lacks a top-tier license. CMS Prime is an offshore broker registered in several offshore zones.  CMS Securities Ltd is authorized and overseen by the Financial Services Commission (FSC) in Mauritius. However, it is a known fact that MauritiusRead More

Is The55thFx Scam or Legit Broker? No, it is not safe to trade with The55thFx. The broker doesn’t disclose much information about the company behind the brand’s name, only that it is owned and operated by The55thFx Limited and located in California, USA. According to the website, The55thFx Limited is licensed and regulated by theRead More