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” in this week - from 17 January, 2022 to 21 January, 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 concerned issues related to brokers on the ground of our users' questions.

Brokers Asked in this Week

Scam Brokers You Should Stay away from

● SpartanForex - an unregulated broker falsely claiming to be overseen by the U.S. NFA;

● Finarix - an unlicensed broker blacklisted by CNMV for carrying out financial activities unlawfully;

● Almahfaza - a shady broker practicing scams by spuriously claiming to be regulated in several jurisdictions;

● Eight Prime - an anonymous broker providing neither details about its regulation and company information, nor legal documents for traders to verify its safety.

Questions Of the Week

Except for the most frequently asked question - "if a broker is licensed/regulated/safe or not", matters of interest to our users in this week include brokers' trading details, such as commission and trading platform of brokers. Besides, a US trader inquired of Brokersview about brokerages supervised in his/her region. Experienced investors also expressed concern about funds security because they wanted to make sure that their funds are under proper protection by corresponding laws. For instances, traders will get compensation in case of corporate insolvency, and their money will be put in an segregated account.

Conclusion

If you are about to invest in forex trading, yet not sure about the brokerages' validity or you expect to get more information about forex dealers, don't hesitate to "Ask A Question" in our Q&A section.