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What's the commission fee with EXCO?
Prem Cronin
Oman
1 giờ trước
ANSWER Dear Investor, We do not recommend trading with EXCO, as there are serious concerns regarding its operational status. EXCO claims to operate under RSG Finance LLC, which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we can confirm that a matching company exists in the SVG FSA registry, its registration status is now shown as 'cancelled'. Even if it were currently active, this would only grant it 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. Therefore, EXCO is effectively unlicensed by any recognised financial authority. This is a major red flag indicating fraudulent activity. We therefore strongly advise you to avoid trading with EXCO in order to protect your funds.
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Is Millance licensed by any regulator?
Karim Wigstrom
France
2 giờ trước
ANSWER Dear Investor, Millance, which was formerly known as Milliva, was previously identified by us as a suspicious and unregulated trading platform. On 6 December 2023, the UK Financial Conduct Authority (FCA) issued an official warning stating that Milliva was providing financial services in the UK without authorization. We have now observed that the platform has rebranded itself as Millance, with a new website at https://millance.com/, and claims to be regulated by the Anjouan Offshore Finance Authority (AOFA) in the Comoros. However, AOFA is an offshore regulator that lacks international recognition and is widely regarded as having minimal oversight, weak enforcement capabilities, and inadequate investor protections. Its regulatory standards fall far short of those upheld by reputable authorities. While we were able to locate Millance LTD in AOFA’s registry, it is critical to note that AOFA does not publicly list or verify the domain names associated with its licensees. This makes it impossible to confirm whether the Millance trading platform is genuinely linked to the licensed entity, or if it is misrepresenting its regulatory status. Given its history of operating without authorization and its reliance on a non-credible offshore regulator, we assess Millance as posing a high risk to investors. Therefore, we strongly advise against engaging with this platform and recommend that you only trade with brokers regulated by internationally recognized financial authorities.
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Anyone traded with VTR Trade? How is it?
Mayila IGWEDIBIA
Malaysia
8 giờ trước
ANSWER Dear Investor, VTR Trade claims to be incorporated in Saint Vincent and the Grenadines and to maintain an office in the United Arab Emirates (UAE). However, our investigation raises serious concerns about its legitimacy. First, we searched the register of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines for VTR Trade Limited and found that its registration status is listed as “cancelled.” This indicates the company is no longer in good standing and may not be legally authorized to operate, raising immediate red flags about its current business status. Second, we checked the databases of the UAE’s primary financial regulators—the Securities and Commodities Authority (SCA) and the Central Bank of the UAE (CBUAE)—and found no record of VTR Trade or any affiliated entity. This confirms that the platform holds no valid license to operate as a broker in the UAE. We therefore strongly advise you not to invest with VTR Trade, as your funds would be at significant risk with no regulatory recourse.
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Can I trust with SixFx? Do they support demo account?
Corporate Skoko
Croatia
15 giờ trước
ANSWER Dear Investor, We do not recommend using this platform for forex trading. SixFx, also known as Six Global Markets, claims to be authorized and regulated by the Financial Services Commission (FSC) of Mauritius and additionally states it holds a license in Saint Lucia under License No. 2025-00116. First, a thorough search of the Mauritius FSC’s official register returned no record of Six Global Markets Ltd or any related entity. This strongly suggests that the claimed Mauritian license is either expired, or entirely fabricated. Second, while we did locate a matching entity in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants International Business Company (IBC) status, which is not a financial services license. The Saint Lucia IFC does not regulate or authorize forex brokers. It is likely an attempt to falsely portray itself as a regulated broker. In reality, Six Global Markets (SixFx) appears to operate without any legitimate regulatory oversight. Its dual claims of licensing are either inaccurate or deliberately deceptive. Given these red flags and the high risk of fraud, we strongly advise you to avoid any trading activities with SixFx.
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Trading with Amxer Markets is extremely risky!
Ogheneochuko Gina Upadhyay
Turkey
2025-12-04
ANSWER Dear Investor, Amxer Markets indeed presents a high level of risk. It provides no verifiable regulatory disclosures, claiming only to be registered in Saint Lucia and to maintain a physical office in Cyprus. Our investigation confirms that a company named Amxer Markets Limited is listed in the Saint Lucia International Financial Centre (IFC) registry. However, please note that this registration only confers International Business Company (IBC) status, which does not constitute a valid financial services or forex trading license. The Saint Lucia IFC does not regulate or authorize brokerage activities. Furthermore, a search of the official register of Cyprus Securities and Exchange Commission (CySEC) reveals no record of Amxer Markets Limited or any affiliated entity. This means the firm is not authorized to operate as a broker in Cyprus either. In essence. Amxer Markets holds no legitimate trading license in any jurisdiction and appears to be operating without proper regulatory oversight. Given these serious concerns, we recommend staying away from Amxer Markets, as your funds would be exposed to significant risk.
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Is River Prime regulated by FSA (Saint Vincent)?
Gift An
Luxembourg
2025-12-04
ANSWER Dear Investor, The claim that River Prime is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines (SVG) is not accurate. While we did locate an entity named River Prime Ltd in the SVG FSA registry, it is important to understand that this registration only grants International Business Company (IBC) status, which does not constitute a valid financial services or forex trading license. The SVG FSA has explicitly stated that it neither regulates nor licenses forex brokers. However, River Prime also claims to be licensed by the Labuan Financial Services Authority (LFSA) in Malaysia. Upon verification, we confirmed that River Prime Ltd is indeed listed on the LFSA’s official register of licensed entities, and the registered email domain matches the platform’s website, supporting the legitimacy of this licensing. We advise you to review the LFSA regulatory details carefully and exercise caution when considering trading with River Prime.
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Invertox is legit or not?
Julius Taneja
Cambodia
2025-12-04
ANSWER Dear Investor, Despite presenting itself as a well-regulated trading platform, Invertox appears to hold no legitimate brokerage license. Invertox claims to operate under Invertox LLC, registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines (SVG). While we can confirm that a matching entity exists in the SVG FSA registry, this registration only confers International Business Company (IBC) status, which is not a valid financial services or forex trading license. Importantly, the SVG FSA explicitly states that it does not regulate or authorize forex brokers. Moreover, Invertox makes no claim of authorization by any recognized financial regulatory authority. This clear absence of proper licensing is a major red flag, strongly suggesting an unregulated and potentially fraudulent operation. Given these serious concerns, we strongly advise you to avoid trading with Invertox to protect your funds and personal information.
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is Global Next Trade regulated in any country?
KALAIVANAN Stepanovich
Denmark
2025-12-04
ANSWER Dear Investor, Global Next Trade does not disclose any regulatory information, providing only a Mexican address and phone number, which suggests the company may be based or registered in Mexico. However, in Mexico, any entity offering financial or investment services must be authorized by the Comisión Nacional Bancaria y de Valores (CNBV), the country’s official financial regulator. Our search of the CNBV’s public registry found no record of GNT Capital Ltd or any entity associated with Global Next Trade. This strongly indicates that the platform is operating without the required regulatory approval in Mexico and is likely engaging in unauthorized financial activities. As a result, investors have no legal protection for their funds or transactions. Given the complete lack of regulatory oversight, we strongly advise you to avoid considering Global Next Trade as a trading partner.
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How is Atlas Brokers' professional account?
monicazk2
Dominican Republic
2025-12-04
ANSWER Dear Investor, Atlas Brokers does not disclose any regulatory status and currently claims only to be registered in Saint Lucia, with an additional office presence in South Africa. Our investigation confirms that a company named Atlas Prime Ltd. is listed in the Saint Lucia International Financial Centre (IFC) registry. However, please note that this registration only grants International Business Company (IBC) status, which does not constitute a valid financial services or forex trading license. The Saint Lucia IFC does not regulate or authorize brokerage activities. Furthermore, a search of the Financial Sector Conduct Authority (FSCA) in South Africa reveals no record of Atlas Prime Ltd. or any entity linked to Atlas Brokers. This means the firm is not authorized to operate as a broker in South Africa either. In effect, Atlas Brokers holds no legitimate trading license in any jurisdiction and appears to be operating without proper authorization. Therefore, we do not recommend investing with Atlas Brokers and strongly advise you to avoid this platform.
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