Weekly Blacklist Report: 29 High-Risk Brokers Flagged (August 10–16, 2026)

BrokersView has compiled this week’s blacklist of 29 high-risk Brokers that investors should approach with extreme caution.

Of these, the vast majority (over 70%) display no valid regulatory license whatsoever – a red flag that makes them exponentially more dangerous than even poorly regulated brokers.

A broker that does not even claim regulation is not hiding a weakness – it is openly stating that no one is watching. For traders, this means zero recourse, zero investor protection, and zero accountability.

Last week, several brokers were also the subject of official regulatory warnings from authorities including the Australian Securities and Investments Commission (ASIC) and Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB).

Last week, Total Unregulated: 20 firms; Total ASIC-warned: 4 firms; Total CONSOB-warned: 5 firms. Full List of Exposed Entities (August 10–16, 2026).

The Risk of "No Label" Brokers

Unlike firms that fabricate fake licenses, completely unregulated brokers often operate with even greater impunity. They are not registered with any jurisdiction, do not segregate client funds, and frequently engage in:

Price manipulation (slippage, requoting, stop-loss hunting)

Delayed or blocked withdrawals (the classic "exit scam")

Sudden account termination with confiscation of balances

Identity theft (misuse of personal and payment data)

If a broker does not list a regulator – not even a weak one – treat it as an active scam until proven otherwise.

Official regulatory warnings are another major red flag. Once a financial authority publicly warns that a company may be providing services without authorization, investors should exercise extreme caution and avoid transferring funds until the broker’s regulatory status can be independently verified.

BrokersView Reminds

Before opening an account or depositing money, investors should always verify a broker’s license directly with the relevant financial regulator rather than relying solely on claims displayed on the broker’s website.

Last week’s list serves as another reminder: a professional-looking website does not equal a regulated and trustworthy broker. When regulatory information is missing, unclear, or impossible to verify, the safest approach is to stay away.

If you have questions about a broker, you may ask BrokersView. Our team will provide detailed answers free of charge.

Check before you trade. Verify before you deposit.