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Has anyone downloaded the eForex app? Is it real or a scam?
Cowboy
Malta
2026-08-14
ANSWER Dear Investor, We strongly advise against using the eForex platform for any deposit or withdrawal transactions due to its lack of basic broker licensing qualifications. The platform does not provide any regulatory or licensing information, nor does it disclose fundamental company details such as its legal entity name, place of incorporation, or physical address. This severe lack of transparency is highly suspicious. Fraudulent trading platforms often conceal such information to evade scrutiny, whereas holding a compliant broker license is one of the key indicators of a reliable trading platform. Therefore, we recommend avoiding this platform entirely to prevent potential identity theft and financial loss.
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Innovative Markets any good?
Artur Savvides
New Zealand
2026-08-14
ANSWER Dear Investor, Innovative Markets currently does not provide any regulatory or licensing information on its website, and even its basic company registration details have been removed. Previous investigations revealed that it once claimed to be registered in St. Vincent and the Grenadines. Although we did locate a seemingly related entity in the registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, its registration status has since been marked as cancelled. Furthermore, even if this registration were still valid, it would merely signify its incorporation as an International Business Company (IBC) and would not mean it holds any valid broker licenses. The SVG FSA has publicly stated that it does not regulate forex trading, nor does it issue forex licenses. Therefore, Innovative Markets is effectively operating without any regulatory oversight, and its company registration status is highly suspicious. We strongly advise you to avoid investing with such a broker to prevent the risk of being unable to withdraw your funds.
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Is RS Invest regulated and what is the leverage range?
Robert Piga
Sri Lanka
2026-08-14
ANSWER Dear Investor, RS Invest Limited is not a reliable trading platform, and we do not recommend trading with it. The platform has not provided any regulatory information or proof of licensing, and it lacks even basic company details such as contact information, place of registration, and physical address. This lack of transparency raises serious doubts about the platform's compliance. Furthermore, RS Invest Limited has been placed on the warning list by the Commissione Nazionale per le Società e la Borsa (CONSOB) for providing financial trading activities to the Italian investing public without authorization, which violates local regulations. Therefore, we strongly advise you to avoid having any dealings with RS Invest Limited to prevent potential fraud and protect your financial security.
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Is Ivision Market providing services in Europe?
Ashwind G. Ahmed
Czech Republic
2026-08-13
ANSWER Dear Investor, Ivision Market is not a reliable trading platform. It has not made any claims regarding regulatory authorization or valid licenses, merely stating that it is registered in Saint Lucia. Upon searching the Saint Lucia International Financial Centre (IFC) registry, we did locate an entity named Ivision Market Limited. However, please be advised that this merely signifies its incorporation as an International Business Company (IBC) and does not mean it holds any valid licenses. The Saint Lucia IFC has officially stated that it does not regulate forex trading, nor does it issue any licenses to forex brokers. Furthermore, the United Kingdom Financial Conduct Authority (UK FCA) has issued warnings against this platform on two separate occasions, stating that it has been providing financial services without authorization. Given these severe risks, we strongly advise you to avoid engaging in any transactions with such a platform to prevent potential fraud and protect your financial security.
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Is FXBTG a scam? I see bad reviews.
cussstald
Malawi
2026-08-13
ANSWER Dear Investor, FXBTG claims that its entity, FXBTG Financial Limited, is a legally registered company in New Zealand. Upon searching the Financial Service Providers (FSP) Register maintained by the New Zealand Financial Markets Authority (FMA), we did locate a company with this exact name. However, please be advised that this merely signifies its registration on the FSP and does not mean it holds any valid licenses issued by the FMA. A basic FSP registration does not equate to strict regulatory oversight. Therefore, FXBTG is essentially an unregulated broker, which means your funds would be completely unprotected. We strongly advise all investors to exercise extreme caution and avoid considering any transactions with such a broker to protect your financial security.
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Trademx AI have what leverage to choose?
Candy Gkiouzelis
Germany
2026-08-13
ANSWER Dear Investor, We do not recommend trading with Trademx AI due to a lack of reliable regulatory information. The platform has not provided any verifiable regulatory details, merely claiming to be registered in Switzerland. Upon searching the database of the Swiss Financial Market Supervisory Authority (FINMA), we found no matching records, indicating that Trademx AI is not regulated in Switzerland. Furthermore, on August 5, 2026, the Australian Securities & Investments Commission (ASIC) issued a formal warning stating that Trademx AI may be offering financial services or products in Australia without the necessary authorization. Given these significant regulatory concerns, we strongly advise you to avoid engaging in any transactions with such a suspicious platform to protect your financial security.
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How do they charge for wire transfer deposit?
Won Kashigin
Guadeloupe
2026-08-12
ANSWER Dear Investor, We do not recommend trading with Capta Trade due to a lack of valid regulatory proof. The broker claims to be licensed to provide trading services issued by the Government of Saint Lucia. However, although we did locate a seemingly related company, Capta Trade Limited, in the local Saint Lucia International Financial Centre (IFC) registry, please be advised that this does not signify a valid broker license. It merely indicates its incorporation as an International Business Company (IBC). The Saint Lucia IFC has publicly stated that Saint Lucia does not regulate forex trading, nor does it issue licenses to forex brokers. Therefore, the broker's claims are misleading, and it is highly likely that it operates without any actual regulatory authorization. We strongly advise you to avoid engaging in any transactions with such a broker to protect your financial security.
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