Archives: Brokers

Is ECN.Broker Scam or Legit Broker? No, it is not safe to trade with ECN.Broker. The main reason why it is not recommendable to trade with ECN.Broker is its offshore jurisdiction and lenient regulations (Registration number 164483, Address: Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles). Seychelles is known offshore financial zone, soRead More

Is Milton Markets Scam or Legit Broker? No, it is not safe to trade with Milton Markets. The company operates with an offshore license from Saint Vincent and the Grenadines, which is considered the highest risk if company solely based offshore. The payment agent of Milton Financial Services is MFSC Managements Limited, located at 30Read More

Is EagleFX Scam or Legit Broker? No, engaging in trading with EagleFX is not recommended. The company operates under an offshore license from Dominica, which is considered the riskiest option as the company is based only in an offshore zone. Brokers located in Dominica are not trustworthy because of the lack of proper oversight andRead More

Is Quotex Scam or Legit Broker? No, it is not safe to start trading with Quotex, there is high risk Quotex is scam or not safe enough Broker to invest with. The entity responsible for the Quotex website, Maxbit LLC, is officially registered in St. Vincent and the Grenadines, which is considered an offshore jurisdictionRead More

Is HankoTrade Scam or Legit Broker? No, it is not safe to sign in with HankoTrade. The broker is registered with the Financial Services Authority of Seychelles (FSA). It is a known fact that Seychelles is an offshore zone, thus it does not provide sufficient protection and does not oversee the financial companies registered underRead More

Is IQCent Scam or Legit Broker? No, IQCent cannot be considered a secure broker as it lacks a trustworthy license from a reputable regulatory authority. It is only registered in the Marshall Islands, which is categorized as an offshore jurisdiction with inadequate safety measures and regulatory standards (Wave Makers LTD – Nr. 103581, Trust CompanyRead More

Is Evest Scam or Legit Broker? Evest does not hold any top-tier license from world-known authorities, that is why it is considered Not Safe to trade with Evest. The broker is registered in Vanuatu (an offshore zone) with the registration number 17910. It is a well-known fact that offshore brokers are not overly secure andRead More

Is TD365 Scam or Legit Broker? No, we can not consider TD365 as a fully secure broker due to the absence of a trustworthy license from a reputable regulatory authority. The broker does not hold a top-tier license from one of the leading financial authorities, such as FCA, ASIC, or CySEC. It is only regulatedRead More

Is TNFX Scam or Legit Broker? No, TNFX is not a reliable choice, mostly due to the lack of proper licenses. The broker lacks top-tier licenses that ensure the financial safety and security of a trader’s investments. Instead, TNFX is only authorized and regulated by the Financial Services Authority (FSA) in Seychelles, known offshore zone. Read More

Is Aron Groups Scam or Legit Broker? No, Aron Groups cannot be considered a trustworthy broker due to its absence of a top-tier license from a prominent regulatory body. The firm operates under Aron Markets LTD and is registered in the Marshall Islands. However, the jurisdiction does not provide a high level of regulatory oversightRead More