BrokersView Weekly Scam Broker Alert (May 25–31, 2026): 24 Risky Brokers Added to Watchlist
BrokersView identified 24 high-risk brokers between May 25 and May 31, 2026, based on regulatory warnings, lack of authorization, and suspicious operating practices.
The list includes brokers flagged by major regulators such as the UK's Financial Conduct Authority (FCA), Germany's Federal Financial Supervisory Authority (BaFin), Spain's National Securities Market Commission (CNMV), Italy's CONSOB, and Australia's ASIC. Others were found to be operating without any verifiable regulatory oversight.
Notably, none of the 24 brokers appear on any legitimate regulatory register. Those that received official warnings either never held a valid license or had their authorization revoked or canceled.
Unlicensed brokers(part) reported by BrokersView between May 25–31, 2026：
Nearly Half Operate Without Regulation
Unregulated brokers accounted for 45.8% of this week's list. Eleven platforms were found to be operating without any regulatory supervision, including WIZOE, Gpro Market, Baba Forex, Zynerix, Zebtix, EXO Markets, KGP Markets, StartBine Broker, Burjex Prime, Niivesh Capital, and Zuperior.
Investors dealing with such platforms face significant risks, including limited legal recourse, lack of fund protection, and potential exit scams.
BaFin Issued the Most Warnings
Germany's BaFin led the week's enforcement activity, issuing warnings against five brokers suspected of offering financial services without the required authorization.
Meanwhile, the FCA and CNMV each warned three brokers. The FCA continued its crackdown on clone firms and unauthorized crypto and forex platforms, while the CNMV focused on offshore brokers targeting Spanish retail investors.
OasisBF Draws Attention Across Europe
Among the brokers identified, OasisBF stood out after receiving simultaneous warnings from both Spain's CNMV and Italy's CONSOB. Dual regulatory action often indicates that a platform is actively soliciting clients across multiple European jurisdictions without authorization.
BrokersView Reminds You
Before opening an account with any broker, investors should independently verify its regulatory status through official regulator databases. Unlicensed and unauthorized brokers often expose clients to heightened risks, including withdrawal issues, account restrictions, and loss of funds.
If a platform is not regulated—or worse, appears on warning lists—your funds are at serious risk. In today’s digital trading environment, due diligence is not optional—it is essential.
If you encounter suspicious or fraudulent brokers in financial markets, submit complaints via BrokersView to protect investor rights and prevent more people from falling victim to fraud.
If you have questions about a broker, you may ask BrokersView. Our team will provide detailed answers free of charge.
Disclaimer: This list is based on publicly available regulatory warnings and internal verification. It does not constitute legal advice or a final determination of any entity’s status.
Copyright © 2026 FastBull Ltd
Risk Warning
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.