
A new investigative report released by BrokersView has identified 32 unlicensed brokers during the week of February 9 to February 15, 2026. According to the findings, none of the listed entities hold authorization from any recognized financial regulator, classifying them as unlicensed operators that may be violating financial services laws across multiple jurisdictions.
Several brokers identified in the report — including Wealth Trades Online, CapexGo, Toro Trade, and Soho International — have already been the subject of official warnings from major regulators, including:
These authorities have explicitly stated that the named entities are not authorized or regulated under their jurisdictions, providing clear and serious risk warnings to investors.
Unlicensed brokers reported by BrokersView between Feb 9–15, 2026:

Investors are strongly advised to: Verify regulatory licenses through official regulator websites; Check regulator warning lists before opening accounts.
As online trading scams continue to evolve, staying informed and verifying broker legitimacy remain essential steps in safeguarding investments.
BrokersView is dedicated to helping forex traders gain in-depth insights into forex trading platforms, providing timely updates on brokers' regulatory statuses, and exposing unregulated brokers with potential risks through “Scam” for investor reference.
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.