CMC Markets at first look seems like a reliable platform. However, clients complained multiple times of the broker being a scam after they lost funds and couldn’t withdraw them later.
Globtrex is a commission-free platform which offers its clients three account types with a leverage up to 1:200. There are micro lots available for trade and a fixed spread on demo accounts. However, the users find it difficult to find any further information on the platform’s website on the different account type.
Globtrex is a commission-free platform which offers its clients three account types with a leverage up to 1:200. There are micro lots available for trade and a fixed spread on demo accounts. However, the users find it difficult to find any further information on the platform’s website on the different account type.
FXORO is a broker that offers multiple account types so the clients can choose between the fixed and floating spread. Users find it difficult to choose and very confusing. The account types are all commission-free except the ECN one.
PimeXBT is a bitcoin-based online broker that reportedly offers leveraged trading for many cryptocurrencies including Ethereum, Litecoin, and Bitcoin. The website is owned and operated by the PrimeXBT trading services which many people complained about
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.
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