Archives: Brokers

Is FX Options24 Scam or Legit Broker? It is not safe to trade with FX Options24, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspiciousRead More

Is Traderia Scam or Legit Broker? It is not safe to trade with Traderia. Traderia is owned by Pro Star Griffith Corporate Limited, which is an offshore company licensed in St. Vincent and the Grenadines. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost beingRead More

Is 247SmartFx Scam or Legit Broker? No, it is not safe to trade with 247SmartFx. 247SmartFx is owned and operated by Game Capital Ads Limited and claims to be located in Frankfurt am Main, Germany. However, the broker does not mention its regulations. Brokers located in Germany should hold a license from the local authorityRead More

Is RCM FX Scam or Legit Broker? No, it is not safe to trade with RCM FX. RCM FX is owned by Regal Core Markets Limited 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 RickGlobal Scam or Legit Broker? No, it is not safe to trade with RickGlobal. RickGlobal is owned by RickGlobal 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 the opening requires theRead More

Is EvisionFX Scam or Legit Broker? It is not safe to trade with a Forex broker EvisionFX. EvisionFX is owned and operated by EvisionFX Group and claims to have offices in Canada, New Zealand, and the United Kingdom. We have checked the company and there is no authorization or registration of the address, therefore theRead More

Is EssenceFX Scam or Legit Broker? No, it is not safe to trade with EssenceFX, because it is an offshore broker. The Company is wholly owned by Essence Markets Limited under registration number 40309, regulated by the Vanuatu Financial Services Commission, and incorporated in the Republic of Vanuatu. Vanuatu is the easiest jurisdiction to openRead More

Is First BTC FX Scam or Legit Broker? First BTC FX 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 termsRead More

Is Circleforex Scam or Legit Broker? It is not safe to trade with a Forex broker Circleforex. It claims to be owned and operated by Huanying International Limited and regulated and located in New Zealand. Circleforex is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. MeaningRead More

Is Binomo Scam or Legit Broker? Based on our research Binomo is not a legit broker. It is owned by Dolphin Corp., which is an offshore company registered in St. Vincent and Grenadine. The fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, yet providesRead More