Archives: Brokers

Is 70Trades Scam or Legit Broker? According to our research, it is not safe to trade with 70Trades. 70Trades is owned by Commodius FX Ltd. which is an offshore company registered in Vanuatu and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license. Vanuatu is the easiest jurisdiction to open a brokerage, as theRead More

Is ItradeFXoption Scam or Legit Broker? No, it is not safe to trade with ItradeFXoption. The broker doesn’t provide any information about the company behind the brand’s name as well as any regulatory information and contact details. This is actually a big red flag, as well-regulated brokers always provide information about their regulations, licenses, andRead More

Is BlueMax Capital Scam or Legit Broker? No, it is not safe to trade with BlueMax Capital. BlueMax Capital is owned by BlueMax CapitalGlobal Ltd. which is an offshore company registered in Belize. Belize is notorious for its practically absent requirements and regulations. Due to the setup cost being low and it does not regulateRead More

Is SwiftCFD Scam or Legit Broker? No, it is not safe to trade with SwiftCFD. SwiftCFD is owned by Digital Enterprise Ltd., 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 being low, it does not regulate forex trading.Read More

Is Obsbit Scam or Legit Broker? No, it is not safe to trade with Obsbit. Obsbit is owned by Setonix Holding Ltd., 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 being low, it does not regulate forex trading.Read More

Is PRIMEXQ Scam or Legit Broker? No, it is not safe to trade with PRIMEXQ. The broker doesn’t provide any information about the company behind the brand’s name as well as any regulatory information and contact details. They superficially mention on the website that the company is licensed, however, they don’t provide any registration numbersRead More

Is Kapitalfx Scam or Legit Broker? No, it is not safe to trade with Kapitalfx. Kapitalfx is a social trading and Investing company that allows its users to watch the financial trading activity of other users, copy them, and make their trades. It is owned and operated by Altea Investments Limited, and claims to beRead More

Is Millennium FX Scam or Legit broker? No, it is not safe to trade with Millennium FX. Millennium FX is the commercial name of the authorized and regulated company, which operates with the liquidity provider of CXMTrading, which is an offshore company registered in St. Vincent and the Grenadines. St. Vincent and the Grenadines isRead More

Is PTBanc Scam or Legit Broker? No, it is not safe to trade with PTBanc. PTBanc doesn’t disclose the name of the company behind the brand’s name, as well as its regulation details. However, the terms and conditions on the website state that the company is under the Marshall Islands Governing laws. The Marshall IslandsRead More

Is KayaFX Scam or Legit Broker? No, it is not safe to trade with KayaFX. KayaFX delivers options for trading in some of the most popular liquid assets, including currency pairs, stocks, CFDs, most major financial indices, and commodities. It is owned and operated by AlphaTec Ltd., and claims to be located in Leeds, England.Read More