Archives: Brokers

Is InvestTeck Scam or Legit Broker? It is not safe to trade with InvestTeck, because it is an unregulated broker. Besides, the company has been suspected to be a fraud. We checked the company and found that there is no authorization or registration of the address, therefore the company seems to be highly suspicious andRead More

Is Pari Fx Trade Scam or Legit Broker? No, it is not safe to trade with Pari Fx Trade. Pari Fx Trade is owned by EXPERT Markets which is an offshore company registered in Seychelles.  Seychelles is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does notRead More

Is FX PREMIUM Scam or Legit broker? No, it is not safe to trade with FX PREMIUM. FX PREMIUM is owned by FX PREMIUM Group 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 aRead More

Is Capital TradeFX Scam or Legit Broker? It is not safe to trade with Capital TradeFX since Capital TradeFX is an offshore company licensed in St. Vincent and the Grenadine. Besides the fact that Capital TradeFX is solely offshore broker with a lack of proper regulations, it is also quite unstable in its operations. WeRead More

Is Fern Scam or Legit Broker? No, it is not safe to trade with Fern. Fern is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment,Read More

Is CFreserve Scam or Legit Broker? No, CFreserve is not safe to trade with because of its unregulated nature. CFreserve is owned by Richfield Limited and claims to be located in Dublin, Ireland. CFreserve doesn’t provide any information about its regulation and doesn’t seem to be authorized in Ireland by its local Central Bank of IrelandRead More

Is Sure Forex Trade Scam or Legit Broker? No, it is not safe to trade with Sure Forex Trade. Sure Forex Trade is owned by Sure Forex Trade Limited and claims to be located in New York, USA. However, all brokers located in the USA should hold a license from NFA, which is not theRead More

Is OlympusMarkets Scam or Legit Broker? No, it is not safe to trade with OlympusMarkets. OlympusMarkets is owned by Next Trade Ltd. which is an offshore company registered in Vanuatu. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. Vanuatu is the easiest jurisdiction to openRead More

Is MGM Markets Scam or Legit Broker? No, it is not safe to trade with MGM Markets. MGM Markets is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for itsRead More

Is TBFX Scam or Legit Broker? TBFX is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, andRead More