Q&A Weekly Review - What's Asked This Week?

A Q&A Weekly Review keeps traders informed of the latest regulatory status and trading details of brokers mentioned by our users in a given week.

Here, BrokersView gives a summing up of "Q&A" this week - from 5 Sep, 2022 to 9 Sep, 2022, listing the asked brokers by categorizing them into scammers and regulated ones to visually tell traders whether a broker is subject to necessary rules and principles, and summarizes the most concerning issues related to brokers on the ground of our users' questions.

Brokers Asked in This Week

1. Scam Brokers You Should Stay away from

● TNTROYAL - an offshore scam warned by the France AMF;

● Iconic Capital - an illicit company carrying out financial activities unlawfully;

● FGMarkets - a no longer registered offshore broker that provides financial services without regulation;

● MTrading - an entity running the business under no valid regulation;

● WinnerFX - a Seychelles-based firm offering forex services without authorization issued by Seychelles FSA;

● England Capital - a company involving financial derivatives service without authorizations and regulations;

● Raj Forex Trade - an illegal scam unlawfully providing forex services and warned by the UK FCA;

● Octa FX - an unlicensed broker falsely claims its registration by SVG FSA and blacklisted by the Central Bank of Malaysia (BNM);

● Cryptos Circus - a non-supervised firm offering financial services without regulations and alerted by the British Columbia BCSC and the Ontario OSC;

● Margex - an unauthorized company falsely claims its regulation by the Seychelles FSA and warned by Spain CNMV;

● Global Premier - an unregulated broker falsely claims its business registration in SVG FSA;

● BrooksInvest - a UK-based company carrying a warning issued by CNMV for providing financial services without authorization;

● Oubo Global - an unlicensed brand falsely claims its regulation by ASIC.

2. Regulated Brokers You Could Choose from

● MEX Exchange - an Australia-based entity authorized by ASIC;

● Hirose Financial UK - a broker that provides financial services and products under authorization and regulation by the Japan FSA and UK FCA;

● Skilling - an authorized firm licensed by FCA, CySEC, and Seychelles FSA;

● Emporium Capital - a licensed financial group authorized by CySEC;

● Vatee - a weakly-regulated broker running the business with regulations issued by VFSC;

● NESSfx - an entity regulated by different regulatory bodies, including LBE and CySEC;

● BDSwiss - a company carrying multiple regulations issued by CySEC, Mauritius FSC, and Seychelles FSA;

● KGI Futures - a brand overseen by the Singapore MAS;