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What's Baba Forex, is it legit?
Luis Powell
Brazil
2026-05-25
ANSWER Dear Investor, We strongly advise against using Baba Forex, as it is not a trustworthy platform and lacks a valid financial license. While Baba Forex claims to operate through Baba Investment (SVG) LLC, a company that does appear in the registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, this registration is merely for an International Business Company (IBC). It does not constitute a legitimate financial license, as the SVG FSA explicitly does not regulate or license forex brokers. Furthermore, Baba Forex is not authorized by any recognized financial authority. This is a significant red flag indicating potential fraudulent activity. To protect your funds, we strongly recommend that you avoid trading with Baba Forex.
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Except from STD account, what else accounts does Gpro Market offer?
Ricardo Ng
Namibia
2026-05-24
ANSWER Dear Investor, We do not recommend considering trading with Gpro Market due to its lack of valid compliance and regulatory documentation. Gpro Market has not provided any regulatory information and merely claims to be registered in Saint Vincent and the Grenadines. However, we found no results related to Gpro Market in the registration system of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. Furthermore, Gpro Market has not publicly disclosed the name of the company it operates under, making it difficult for us to verify the authenticity of its claimed registration. Even if the registration were legitimate, it would only represent its registration as an International Business Company (IBC) and does not equate to holding a forex license. The SVG FSA does not regulate forex trading nor does it issue such licenses. In reality, Gpro Market does not hold any regulatory licenses. We strongly advise you to avoid trading with such an unregulated broker to protect your funds.
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Does Novotrend provide zero spreads accounts?
Joaquim Essa
Indonesia
2026-05-19
ANSWER Dear Investor, We do not recommend using the Novotrend platform. Novotrend has made no claims regarding its regulatory status or the holding of a license, merely stating that it is registered in St. Vincent and the Grenadines. While our search confirms that a company named Novotrend Ltd. exists in the registry of Financial Services Authority (FSA) of Saint Vincent and the Grenadines , it is crucial to understand that this registration only confers International Business Company (IBC) status. This does not constitute a valid financial license, as the SVG FSA neither regulates nor licenses forex trading activities. Consequently, Novotrend effectively operates without any regulatory oversight. Given the lack of proper authorization, we strongly advise you to avoid engaging in any transactions with this platform to protect your funds.
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How to open an account on Khaima Trade?
Jasmine Nicoll
Bulgaria
2026-04-27
ANSWER Dear Investor, We do not recommend considering trading with Khaima Trade Ltd due to its lack of basic regulatory information and valid licensing. The platform has not provided any details regarding this, merely claiming to be incorporated in Saint Vincent and the Grenadines. Although we can confirm that a company named Khaima Trade Limited exists in the system of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, this registration merely grants it International Business Company (IBC) status, which does not constitute a valid financial license. Furthermore, the SVG FSA has publicly stated that it neither regulates nor licenses forex trading activities. In reality, Khaima Trade Ltd operates without any substantial regulation, meaning your funds will be highly insecure if you trade with them. It is highly recommended to exercise extreme caution and avoid trading with Khaima Trade Ltd.
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Is Islamic account supported? Aim Markets
Welly Soler
Mauritius
2026-03-04
ANSWER Dear Investor, Aim Markets states on its website that it is run by Aim Markets LLC, an entity registered in Saint Vincent and the Grenadines. Although our checks confirm that a company with this name appears in the Financial Services Authority (FSA) registry of Saint Vincent and the Grenadines, this entry merely signifies an International Business Company (IBC) incorporation. It is critical to note that an IBC status does not equate to a financial license. Moreover, the SVG FSA has explicitly declared that it does not supervise or license forex brokerage activities, meaning Aim Markets functions in a completely unregulated environment. Since Aim Markets lacks authorization from any reputable financial authority, it is very likely to be a potential fraud. Based on these findings, Aim Markets appears to be a scam, and we strongly urge you to avoid any engagement with this entity to protect your funds.
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Does Wealth Way Fx charge hidden fees???
Yoshiyuki Kalogirou
Japan
2026-02-04
ANSWER Dear Investor, Wealth Way Fx claims to be the trading name of Wealthway Corporation and states it is registered in Saint Vincent and the Grenadines under license number 26349 BC 2021. Our search of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines did return a matching entity, but its registration status is clearly marked as Cancelled, meaning the company is no longer active in that jurisdiction. Even if the registration were still valid, it would only represent an International Business Company (IBC) incorporation, which does not constitute a financial or forex trading license. Importantly, the SVG FSA does not regulate or authorize forex brokers, so referring to this IBC number as a license is misleading. Given that the registration is cancelled and never provided legitimate regulatory oversight to begin with, Wealth Way Fx appears to operate without any valid authorization. We strongly advise you to avoid engaging with this platform.
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https://www.strikeprofx.com/ Do they charge a commission on trading accounts? How much is it?
Shah Suaib
United Arab Emirates
2025-11-06
ANSWER Dear Investor, We do not recommend using the Strike ProFx platform to trade, as it is not a trustworthy broker. Strike ProFX claims to operate under Strike ProFX Limited, which is registered in Saint Vincent and the Grenadines. While we can confirm that a company with the same name is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, this registration only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or licence forex brokers. Furthermore, Strike ProFx is not licensed by any recognised financial authority. This is a major red flag indicating fraudulent activity. We therefore strongly advise you to avoid trading with this broker in order to protect your funds.
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8xTrade is a fraudulent broker, do not trust anything their agents say.
Sashi
India
2025-11-04
ANSWER Dear Investor, 8xTrade is a fraudulent broker. It does not display any legitimate regulatory information and merely claims that its operating company, Digital Smart LLC, is registered in Saint Vincent and the Grenadines. However, a search in the official registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines shows that the company’s registration status is listed as “Discontinued.” Moreover, even if active, such a registration would not constitute a license to provide forex or investment services, as the FSA in Saint Vincent and the Grenadines does not issue regulatory authorizations for trading activities. In reality, 8xTrade holds no authorization from any recognized financial regulator. We strongly advise against investing with this platform. If you suspect you have already been defrauded, we recommend that you immediately report the incident to your local authorities. Please gather all relevant evidence, including transaction records, chat logs, emails, and screenshots. Additionally, you may file a formal complaint through our official website here, where our team will carefully review your case and provide guidance or explore potential solutions.
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I personally SCAMMED BY TENX PRIME, can i still get my investment fund back???
annie yong
Malaysia
2025-11-02
ANSWER Dear Investor, Thank you for sharing your experience with TenX Prime. We are truly sorry to hear about your situation and deeply regret that you have become a victim of this unfortunate experience. Please be assured that your warning is valuable. TenX Prime had already been identified by us as a high-risk entity. Our verification confirmed that its Australian Authorised Representative (AR) status and Financial Sector Conduct Authority (FSCA) license have both been revoked. The company only holds a registration with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines , which does not constitute formal financial regulatory oversight. These characteristics align closely with those of fraudulent trading platforms. We have received numerous complaints from other users regarding TenX Prime’s deceptive practices, and there are strong indications that the operators have already absconded. We strongly encourage all affected investors to report the case to their local authorities and financial crime units, as you have done, and to await official updates from law enforcement. In the meantime, we urge all investors to remain vigilant and avoid platforms exhibiting similar red flags, especially those with revoked licenses, minimal regulatory presence, or offshore registrations lacking investor protection.
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Fullerton Markets is risky?
Yossi Khor
Japan
2025-09-28
ANSWER Dear Investor, After checking, we found that Fullerton Markets is not properly regulated, and we advise you not to use this platform. Although the company says it is registered in New Zealand and the British Virgin Islands, our investigation shows it does not have a valid license to operate as a financial or forex trading provider. First, we have verified that Fullerton Markets Limited is listed on the Financial Service Providers (FSP) Register, but this is merely a business registration, and it does not mean the company is licensed or supervised by this financial authority. We also checked the British Virgin Islands Financial Services Commission (BVI FSC) licensing database. However, we are unable to find Fullerton Markets in their list of regulated companies, neither. This means the platform likely has no real financial license. Additionally, we found that Fullerton Markets appears on the warning list of the Securities Commission Malaysia (SC). The SC has stated that the company is operating financial services in Malaysia without proper authorization. Being listed by a regulatory body as an unapproved entity further confirms the potential risks involved. We therefore strongly recommend avoiding Fullerton Markets until it is clearly regulated by a trusted authority.
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