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 23 May, 2022 to 27 May, 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

Scam Brokers You Should Stay away from 

● AIMSPRIME - an unregulated broker falsely claiming its regulation by Labuan FSA and ASIC;

● FCS-Markets - a scam broker blacklisted by the UK FCA;

● Time Option - a UK-based broker soliciting customers without authorization;

● Ace Markets - an unlicensed broker falsely claiming its regulation by the NZ FMA;

● Topic Markets - an unauthorized offshore broker providing financial services without regulation;

● CapproFX - an illicit entity operating under no valid regulation;

● SpartanForex - an offshore registered broker with SVG FSA carrying out financial activities without valid regulation;

● Fastrading - an unlicensed offshore broker warned by the Lithuania LBE;

● CF Merchants - a scam broker carrying out financial activities unlawfully;

● IKOFX - a deregistered broker soliciting customers without authorization;

● UAGTrade - an unregulated broker falsely claiming its regulation by CBUAE and SVG FSA.

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 this week include brokers' trading and account details, such as the minimum opening balance, execution model, or what trading platform the broker provides.

Conclusion

If you are about to invest in forex trading yet not sure about brokers' qualifications, or if you would like to get more information about forex brokers, please do not hesitate to "Ask A Question" in our Q&A section.