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PrimeWave Forex still operating? Isn't it a FRAUD?
Kiernan Yau
Jordan
22 hours ago
ANSWER Dear Investor, PrimeWave Forex is highly likely to be a fraudulent website. The platform utilizes generic website templates commonly seen on scam platforms and fails to provide any regulatory or licensing information, merely claiming to be registered in the United States. However, providing forex CFD and other derivative services in the US requires authorization from the National Futures Association (NFA). Our search of the NFA database yielded no matching records, clearly indicating that PrimeWave Forex is unregulated. Furthermore, we cannot even verify the authenticity of the physical address it provides. Given these severe red flags, we strongly advise all investors to avoid having any dealings with a platform exhibiting such characteristics to protect your financial security.
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What products does Vertex Capital Group provide?
Aliki White
Costa Rica
Sep 02, 2026
ANSWER Dear Investor, We strongly advise against engaging with Vertex Capital Group, as it completely lacks valid regulatory authorization. The platform falsely claims to be regulated in the UK by the Financial Conduct & Regulatory Agency (FCRA). Please be aware that the legitimate financial watchdog in the UK is the Financial Conduct Authority (FCA), not the FCRA. Furthermore, our search of the official FCA register yielded no matching records for this entity. This highly misleading information appears to be intentionally fabricated to mimic a recognized regulator and deceive investors into believing they are dealing with an authorized firm. In reality, Vertex Capital Group is entirely unregulated in the UK. Adding to these severe red flags, Germany's Federal Financial Supervisory Authority (BaFin) has issued a formal warning against the company, cautioning the public that it may be offering financial services or products without the necessary authorization. Given these critical risks, we strongly recommend avoiding any dealings with such an unregulated and suspicious platform to protect your financial security.
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Kcapital's web terminal doesn't work. SCAM ALERT?
Jackie Ajayi
Bahamas
Sep 02, 2026
ANSWER Dear Investor, KCAPITAL is not a reliable trading platform due to its lack of valid broker license certificates and the regulatory warnings it has received. The platform has not provided any regulatory or licensing information, merely supplying an address in Canada. Brokers operating in Canada must be authorized by the Canadian regulatory authority, the Investment Industry Regulatory Organization of Canada (IIROC). However, our search of the regulator's database yielded no matching records, indicating that KCAPITAL does not hold any regulatory authorization or licenses in the region. Furthermore, we found that the Italian regulatory authority, the Commissione Nazionale per le Società e la Borsa (CONSOB), has issued a warning against KCAPITAL. The regulator stated that the broker lacks proper authorization and is not qualified to provide trading services. Given these severe red flags, we strongly advise you to avoid having any dealings with such a trading platform to protect your financial security.
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Have you checked this platform, Stockpro?
lkjncsufhka
San Marino
Sep 01, 2026
ANSWER Dear Investor, Stockpro is suspected to be a fraudulent trading platform. The broker claims to be backed by multiple entities and regulated by several authorities, namely the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Seychelles Financial Services Authority (Seychelles FSA). However, upon investigation, we found no matching records for these entities in the databases of any of these regulatory bodies. This clearly indicates that the platform's regulatory claims are entirely fabricated. Furthermore, we discovered that the UK's Financial Conduct Authority (FCA) has placed this trading platform on its warning list on two separate occasions, cautioning the public that it is providing investment services in the UK without proper authorization. Given these severe red flags, we strongly advise you to avoid engaging in any transactions with such a suspicious platform to protect your financial security.
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NewBillion do they offer gold? Is the spread good?
Iuliia Chang
Kyrgyzstan
Sep 01, 2026
ANSWER Dear Investor, NewBillion claims to be operated by NewBillion Financial Ltd. However, the platform fails to provide any regulatory information and merely states that it is registered in Saint Lucia with a corporate address in Hong Kong. We found no matching records for this entity in the Hong Kong Securities and Futures Commission (SFC) database, which raises serious concerns regarding its compliance. Please be aware that any broker providing trading services in Hong Kong must be authorized by the SFC. While we did locate NewBillion Financial Ltd. in the Saint Lucia International Financial Centre (IFC) registry, this only signifies its incorporation as an International Business Company (IBC) and does not mean it is regulated or holds a financial license. The Saint Lucia IFC does not regulate forex trading, nor does it issue licenses for such activities. Given these severe red flags, we strongly advise you to avoid engaging in any transactions with such an unlicensed broker to protect your financial security.
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Is Autumn X Trades legit??
Savvas Kumar
Honduras
Aug 31, 2026
ANSWER Dear Investor, Autumn X Trades is not a reliable trading platform due to its lack of valid regulatory licenses. The platform utilizes website templates commonly associated with suspected scam brokers. It falsely claims to be licensed by the Financial Services Authority (FSA) of Seychelles and the Cyprus Securities and Exchange Commission (CySEC). We have previously investigated numerous platforms making identical claims. Consistent with those cases, our search yielded no matching records for Autumn X Trades in the databases of either regulatory authority. Furthermore, we discovered that the UK's Financial Conduct Authority (FCA) has placed this platform on its warning list, cautioning the public that it provides services without proper authorization. Given these severe red flags, we strongly advise you to avoid having any dealings with such a platform to protect your financial security.
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Has anyone been scammed trading on Avora Markets?
Dmytro Liasis
Indonesia
Aug 31, 2026
ANSWER Dear Investor, We do not recommend trading on the Avora Markets platform due to its lack of valid broker credentials. The platform has not provided any relevant regulatory information, merely supplying a registration number in Saint Lucia. Although we did locate an entity named Avora Markets Ltd. in the Saint Lucia International Financial Centre (IFC) system, please note that this merely signifies its incorporation as an International Business Company (IBC) and does not equate to holding any broker licenses. The Saint Lucia IFC has publicly stated that it does not regulate forex trading, nor does it issue licenses to forex brokers. Furthermore, Avora Markets does not hold any licenses issued by other international regulatory authorities. Trading with such an unregulated and unlicensed broker exposes you to a high risk of fraud. We strongly advise you to avoid engaging in any transactions with such a broker to protect your financial security.
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Are the spreads on the Commo T platform good?
Giulia Zenios
Oman
Aug 31, 2026
ANSWER Dear Investor, We do not recommend trading with Commo T due to its lack of valid and reliable regulatory license certificates. Commo T claims to be operated by Commo T Co., Ltd, a company registered in Cambodia, and asserts that it holds a license issued by the Securities and Exchange Regulator of Cambodia (SERC). While we did locate this company in the Derivative Broker section of the SERC system and confirmed that the platform's website is registered, it is important to note that the SERC currently does not explicitly regulate forex trading. Therefore, it cannot provide internationally recognized and valid broker licenses for forex trading activities. Consequently, we still consider Commo T to be operating without strict regulatory oversight, posing potential risks. We strongly advise you to avoid trading with this platform until it obtains a fully compliant and recognized regulatory license.
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I don't really trust Horizon global markets, please check this website
Kyle Hudson
Finland
Aug 31, 2026
ANSWER Dear Investor, Horizon Global Markets is suspected to be an unregulated trading platform with strong indications of fraudulent activity. First, the platform utilizes generic website templates commonly associated with scam brokers. Similar to other fraudulent platforms, it falsely claims to be regulated by the Financial Services Authority (FSA) of Seychelles and the Cyprus Securities and Exchange Commission (CySEC). Our investigation confirmed that there are no matching records in the databases of either regulatory authority, indicating that Horizon Global Markets has fabricated these claims to mislead investors. Second, we found that the UK's Financial Conduct Authority (FCA) has issued a formal warning against Horizon Global Markets, stating that the entity is providing investment services in the UK without proper authorization. This serves as a significant red flag. Given these severe warnings, we strongly advise you to avoid having any dealings with this trading platform to prevent potential fraud and protect your financial security.
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Is ALK Capitals a scam??
Tawfiq Ioannou
Great Falls
Aug 30, 2026
ANSWER Dear Investor, ALK Capitals is not a safe and reliable trading platform. It has not provided any regulatory or licensing information, merely claiming to be registered in Saint Lucia. However, upon searching the system of the Saint Lucia International Financial Centre (IFC), we found no results matching ALK Capitals. Furthermore, even if we were to locate a potentially matching record, please note that this would merely signify its incorporation as an International Business Company (IBC) and would not equate to holding any broker licenses. The Saint Lucia IFC does not regulate forex trading, nor does it issue licenses to forex brokers. Therefore, ALK Capitals is effectively operating without any regulatory oversight, and we cannot even confirm whether it has properly completed its corporate registration. We strongly advise you to avoid having any dealings with such a platform to protect your financial security.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.