Unregulated Brokers Weekly Report: 50 Unlicensed Brokers Exposed (Feb 23–March 1, 2026)

A new investigative report released by BrokersView has identified 50 unlicensed brokers during the week of February 23 to March 1, 2026,  misleading online trading schemes.

According to the report, multiple financial authorities added dozens of entities to their warning lists, targeting unregulated firms and clone operations falsely claiming authorization. The largest number of warnings came from the UK’s Financial Conduct Authority (FCA), which flagged 17 entities, including Clone AIMarkets, Avant Capital Trade, Crypto Ava Earning, and Atlas Capital Trades.

Italy’s CONSOB issued warnings against seven firms, such as Nexdi, CapitalAi, and MEX CFD, while France’s Autorité des marchés financiers (AMF) blacklisted four entities, including 360FXTraders and ExodusAI.

Other regulators taking action included the Australian Securities and Investments Commission (ASIC), Comisión Nacional del Mercado de Valores (CNMV), British Columbia Securities Commission (BCSC), Autoriteit Financiële Markten (AFM), and Swiss Financial Market Supervisory Authority (FINMA), each of which warned investors about multiple suspicious platforms.

The report also highlighted 15 additional entities found to be operating without authorization or falsely promoting regulatory credentials, including Trade AI cfd, ProXMarkets, Capital Stone, Safra Reserve, Theos Markets, and 99FX.

BrokersView Reminds You

Before engaging with online brokers, verify their licenses, especially if they offer high-risk derivatives or guaranteed returns.

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.