FXCM was founded in 1999 and it began as the pioneer for online forex offerings for retail traders. The company has its headquarters in London and later grew to have many international offices. However, the popularity slowly began to fade away as the broker could not keep up with the developments on the market
Capital.com offers CFDs trading of a few assets including commodities, indices, stocks, and cryptocurrencies. It provides several account types with different spreads and leverages up to 1:30. You can also trade here in micro lots. However, users are still not opting for this broker. Why do the traders consider this broker as a potential scam?
OctaFX was formed in 2011 and it was registered at first in Saint Vincent and the Grenadines. However, users found it weird that the main operations were run from Jakarta. It did get a lot of support from users in Asia but many believed that it was a scam since there weren’t too many information about this broker.
SmartHubFX is known as one of the offshore brokers operating in the Forex and crypto markets. The main problem with the company is the lack of reliability that it has along with the offshore registration – and the lack of clarity which makes it a potentially scam broker.
Oasis Trade is a non regulated and unlicensed Forex and cryptocurrency broker that first launched in November 2018. Owned by Oasis Tech Ltd., the company has an address at Suite 305, Griffith Corporate Centre, Beachmont Kingstown, Saint Vincent and the Grenadines.
CrystalTradeX is a potentially scam broker without much reviews or online recognition. The website takes long to load and is often inaccessible. Therefore, we have many reasons to believe that CrystalTradeX is a scam and is operated by scammers.
If you are asking yourself whether CFsum is scam or a reliable Forex and Bitcoin broker, you should know that this website is an unregulated Estonian forex and CFD broker which offers crypto CFDs on a web-based trading platform. Therefore, the broker does not actually have a license with an official financial regulator. This is […]