Legit forex brokers

The sad reality of the foreign exchange trading world is that there are people who are out to make a fraudulent buck from innocent traders trying to build their portfolios.

New forex bonuses

Forex Brokers to Avoid, legit forex brokers.

Whether it’s insider trading or some other manipulation of the international markets, trading fraud can take many guises – and it can even have links to the wider stock markets as well. As a result, it’s wise to keep yourself fully informed about what the brokers you are considering are up to – and make decisions to avoid those who don’t offer the level of safety and security you require. -easy to use for all types of users

Forex brokers to avoid

If you trade forex, you need to make sure that your brokers are legitimate and above board – and that you can trust them to help you out. While most forex brokers are decent and honest, not all are. It pays to be able to defend yourself against less scrupulous brokers. Avoiding broker fraud ought to be a priority for people who trade foreign exchange pairs, then – and that’s where we can help. Below is a list of brokers who we have deemed to not be trustworthy for a variety of reasons. And if you are concerned about a particular broker, contact us with details to alert us with the potential broker fraud going on. From there, we can go ahead and research and review the broker in question and help prevent other users from falling victim to any dodgy practices. And we’ll use this information to keep the list as updated as possible – so check back here for all the latest updates when you can.

Investigated brokers

The sad reality of the foreign exchange trading world is that there are people who are out to make a fraudulent buck from innocent traders trying to build their portfolios. Whether it’s insider trading or some other manipulation of the international markets, trading fraud can take many guises – and it can even have links to the wider stock markets as well. As a result, it’s wise to keep yourself fully informed about what the brokers you are considering are up to – and make decisions to avoid those who don’t offer the level of safety and security you require.

Below is an up to date list of the brokers which we strongly advise traders to choose to avoid. There are plenty of other brokers out there who are trustworthy – and with these traders below exhibiting behaviours like copying websites of others, receiving warnings from regulators and more, it’s well worth avoiding them as you choose your own preferred provider.

Various global institutions have criticised the range of brokers included on this list. Whether it’s the australian securities and investments commission or the regulators of nations such as cyprus, there are organisations on here which have faced the wrath of some of the world’s leading oversight bodies. But, we’ve gone even further and responded to intelligence from our users in order to bring you an up to date list of brokers which, in our opinion, ought to be avoided. (see the full list at the bottom of this page).

Latest added forex brokers to avoid

OT capital. They have gotten a warning from ASIC.

EU capital. They ask you to deposit over and over again. They even try to get you to log in to your bank account over a shared screen.

Multiplymarket is a clone of trading technologies.

Bluetrading has an FCA warning for claiming to be FCA regulated when they, in fact, are not.

Facebook group investment/profits, FBO trading signals & bitcoin investments – they don’t allow withdrawals and block you as soon as you ask for a withdrawal.

ECN capital. They claim to be cysec regulated but are not.

GBCFX – unregulated broker having issues handling withdrawals.

Forex365options – they make you pay fees that aren’t even in any terms and conditions. Website hardly works either.

Toptrades.Co – not regulated so should be avoided.

Fx-premium. They are copying the website of JFD brokers so should be avoided!

Most trusted forex brokers

But despite the fact that there are clearly some untrustworthy web brokers out there in the forex world, it’s also the case that some brokers are more worthy of your trust. Many legitimate forex brokers have taken steps to gain the trust of their users, whether that’s by implementing rules against money laundering or simply by segregating client funds away from the operational funds of the broker’s business.

It’s not always possible to identify the legitimate foreign exchange brokers from first glance – but that’s where we can help. The list below is based on reviews which assess everything from the apps offered by particular forex brokers to the reputations they have among users for fairness.

To see a full list of our trusted foreign exchange brokers, why not check out this table?

4.9

4.8

Most trusted crypto brokers

And the same goes for cryptocurrency trading, too. To some, the decentralised and entirely electronic world crypto trading is seen as something of a “wild west” – with many fraudulent bitcoin brokers exploiting innocent victims in the name of financial gain. But the reality is that there are plenty of ways to trade bitcoin on a legitimate basis without running the risk of being scammed. This section will offer some tips on some key bitcoin brokers who are, in our opinion, above board and worthy of consideration if you’re looking for a scam-free bitcoin or other crypto trading experience. See our list of trusted crypto brokers below.

-easy to use for all types of users

-traditional and instant exchanges available

-secure and simple buying process

– social trading platform
– FCA & cysec regulated
– minimum deposit $200
– demo account
– copy trading
– 2000+ instruments

Regulating trade authorities

When it comes to determining whether or not a foreign exchange or cryptocurrency broker is trustworthy, the role of the authorities is worth considering. We share the determination of regulators across the globe when it comes to weeding out fraudulent brokers. That’s why we’re happy to recommend the websites of the NFA (national futures association) and also the CFTC (commodity futures trading commission) if you’re interested in learning more about potential scams in this sector.

London-gates.Com forex broker review (2020) – SCAM

London-gates.Com broker (https://london-gates.Com) is an unlicensed offshore CFD broker reported by a customers as SCAM broker .

London-gates broker review – london-gates.Com is a SCAM. Do not trust this FOREX broker!

Throughout our review of the forex brokers london-gates, we see that they’re providing buyers a primary internet primarily based CFD buying and selling platform similar to primeot.Com, cvmarkets.Com, marketscg.Com, arrowteks.Com, limeberg.Com, dowcapitals.Com, thewealthcore.Com , FXVC.EU, aussietrust.Com and others. This CFD buying and selling platform could be very primary, a simple to make use of for a beginner buyers. They don’t provide the choice of utilizing MT4 or metatrader 5, they usually additionally don’t have cell buying and selling apps.

Belongings accessible for buying and selling consists of; fashionable foreign exchange pairs, crypto foreign money, commodities and shares.

This forex broker requires a minimal deposit of 250 euro. There are 5 account varieties to select from primarily based on the dimensions of your deposit. The one distinction between the completely different accounts is the leverage charges, which go as excessive as 500:1. Utilizing excessive leverage, is one of the best ways to lose your cash quick!

After we examined the spreads on the bitcoin CFD, it was buying and selling at $6800, they usually had an enormous $210 unfold between the bid and the ask value. Leverage on bitcoin was solely 2:1. Examine the massive crypto CFD forex brokers, see right here.

Is london-gates.Com legit?

No, london-gates broker will not be a licensed or regulated forex broker. London-gates not publishing their own address, which is another evidence to the SCAM. Their electronic mail deal with is: [email protected] their official web site is at: https://london-gates.Com/.

The way we review a iron-bits forex broker to resolve if they’re a scam or professional forex broker, is by checking for a licensed from ASIC or FCA. Respectable forex brokers will at all times have a license from both the FCA in united kingdom or ASIC australia.

Utilizing a regulated forex broker implies that if there’s a drawback, the federal government regulator will enable you get your a refund.

In case you have a grievance or drawback withdrawing your cash, learn this.

Licensed broker reviews

The purpose of reading reviews of licensed brokers, is to find the best broker for you. You most probably are already investing with a forex broker, and are looking to find a new broker, that offers more features and better terms.

Here are some important items to check for, when researching your broker.

Is my forex broker licensed and regulated?

How easy is their CFD trading platform and software?

What are the spreads for the assets I will be trading?

Have other investors complained about this broker?

How fast do they process withdrawals?

As of november 2020, we have reviewed more than 700 online brokers and trading apps. More than 300 of those brokers are now out of business, because they were not regulated.

Below you will see many forex broker reviews, and all the brokers listed on this page are licensed and regulated. It is still very important to double check that they are in fact licensed in your country.

You should know, many fraudsters setup fake brokerage firms, just to scam people. Take a minute and read about forex investing scams.

Popular forex brokers

Globally licensed broker

Fortrade is one of the fastest growing forex CFD brokers in london. They are licensed by the FCA (UK), IIROC (canada) and ASIC (australia), see here.

Try their easy to use trading platform, visit fortrade.Com.

Multi licensed broker

Plus500 is an established CFD provider that many australian investors use, look here.

Try their free demo account, and you’ll understand why, go to: plus500.Com.
*76.4% of retail CFD accounts lose money

United states regulated broker

Forex.Com is a forex and futures broker that is registered with the CFTC and a member of NFA, see here. They offer a robust web trader platform, along with MT4 and a desktop trading software.

You should try out their free demo account, signup here.

Legit forex brokers

Legit broker investigator is a new broker reviews website, established in 2019 to address the needs of the millennial investor.

Broker reviews are accurate at the time of publication, however, things are constantly changing. Occasionally a licensed broker will lose their license, but an offshore / unregulated broker almost never becomes a legitimate broker. Sophisticated scammers will open a brokers website, and then change the company name every few months.

You must do your own research and not rely on hearsay, or an advertisement, when deciding which CFD forex broker to use.

On our website, you will find over hundreds of broker reviews of stock brokers, forex brokers and CFD brokers. This way you will know, if the brokers are licensed and regulated by a governments financial regulator.

Many online investment brokers are not licensed, and are actually outright scams. Only invest with a broker, whose license you have verified!

Who is a legit broker?

A legit broker is licensed and regulated by either; ASIC australia, FCA united kingdom or FSB south africa.

Brokers can also be licensed by; CFTC or FINRA in the united states, IIROC canada, AFM netherlands, CONSOB italy, bafin germany, finanstilsynet denmark, CNMV spain, CNB in the european union, cysec cyprus, and the list goes on and on. View the complete list of all government financial regulators.

If your broker is not licensed by your local financial regulatory agency, then they are a scam!

Read our list of best brokers, and choose a legitimate licensed broker.

Forex investment scams

The fact is; most new investors will end up losing their money trading CFD’s. Investing or trading in forex, crypto, commodities, metals and options is a very risky proposition. You need to really know what you are doing, in order to actually make money.

Newbie investors usually hear about an online broker, via a fake news article promoting a breakthrough automated trading software.

The trading systems go by the names of; bitcoin loophole, 1K daily profits, tesler app and many more. We have seen fake articles using the names; dragons den, shark tank, bill gates, marc cuban and elon musk to name a few.

All of those fake investment software, connect you with an unlicensed, offshore, fake forex broker. Once you send money to these scam artists, it is a long battle to try and recover your money, read more.

How scam brokers operate

There are a few types of scams that forex brokers do.

The most popular scam that online brokers use, is centered around managed accounts. Offshore / non regulated forex brokers will pitch investors to join a managed account handled by one of their senior analysts, and promise high monthly returns.

No legitimate broker will manage your trading account & promise fixed returns!

A common scam is with brokers that don’t allow you to withdraw your money. There a few reasons why a broker can hold up an investors cash, with the main reason coming from the trader having accepted bonus money, or not reading the terms and conditions.

Another popular scam is unauthorized credit card charges. A scam broker will swipe the investors credit card, to add more money to their trading account, because the broker gets paid based on new deposits.

The best precaution a trader can take is to use a credit card, not a debit card, that has the ability to dispute charges in the event of fraud. Investors that authorize direct debit withdrawals from their bank account are playing a very risky game.

You can read more about this on the complaints page.

You can easily trade with a trusted licensed broker, so there is no reason to use a scam broker.

Popular forex brokers

Who is the best forex broker?

The best brokers are licensed and regulated by your local government financial regulator. There are hundreds of online brokers, and we have reviews of more than 700 brokers.

Investors find many benefits when they use a local broker. There is added security and insurance provided by the regulator, and local brokers offer faster connectivity and trading conditions.

Be a smart investors, and only use a regulated broker!

Popular regulated brokers

Fortrade is the most popular broker among our readers, because of their unique trading platforms, read more.

You will find free trading signals, and fortrade is licensed in multiple countries, see here.

Start your free demo at: fortrade.Com.

Plus500 is a CFD broker, offering an exclusive trading app! See here.

What makes plus500 a unique broker is that their signup process & account verification is totally automated. You will not receive phone calls from them asking you to deposit money.

Plus500 is licensed & regulated in multiple countries, read more.

Get a free demo account at: plus500.Com

Disclaimer: crypto trading availability is subject to regulations. 76.4% of retail CFD accounts lose money.

Pepperstone is a licensed broker, that offers mirror trader and other social trading options, see here.

Pepperstone offers the tightest spreads on crypto, and you can use MT4 or MT5 or ctrader trading apps.

Start trading at: pepperstone.Com.

Avatrade just released a new social trading app, see here!

Avatrade is an internationally licensed broker, offering tight spreads on many assets, plus options trading!

Explore their offerings at: avatrade.Com.

Choose the right broker!

A local online broker, offers you tighter spreads on currency pairs of your home country. For example, australian brokers offer tighter spreads on the australian dollar, versus brokers in the united kingdom, which have tighter spreads on the british pound.

Sadly, many investors make the mistake of using an offshore broker that is not licensed, and that is why they can’t withdraw their money. A scam broker uses many tricks and gimmicks, to give the impression that they are legitimate. Most brokers that you find via facebook & instagram, are unregulated offshore companies, and they are scams.

Investors can easily to determine the difference between brokers, by verifying the brokerage firms license. Learn how to detect a fake online broker by reading the article: how to detect an investment scam.

If you watched a video about an amazing trading app which makes big money, just know that it is a proven scam, read why.

FACT: 90% of people lose money trading!

Only invest with A licensed & regulated broker.

London-gates.Com forex broker review (2020) – SCAM

London-gates.Com broker (https://london-gates.Com) is an unlicensed offshore CFD broker reported by a customers as SCAM broker .

London-gates broker review – london-gates.Com is a SCAM. Do not trust this FOREX broker!

Belongings accessible for buying and selling consists of; fashionable foreign exchange pairs, crypto foreign money, commodities and shares.

Is london-gates.Com legit?

Utilizing a regulated forex broker implies that if there’s a drawback, the federal government regulator will enable you get your a refund.

In case you have a grievance or drawback withdrawing your cash, learn this.

Licensed broker reviews

Here are some important items to check for, when researching your broker.

Is my forex broker licensed and regulated?

How easy is their CFD trading platform and software?

What are the spreads for the assets I will be trading?

Have other investors complained about this broker?

How fast do they process withdrawals?

As of november 2020, we have reviewed more than 700 online brokers and trading apps. More than 300 of those brokers are now out of business, because they were not regulated.

You should know, many fraudsters setup fake brokerage firms, just to scam people. Take a minute and read about forex investing scams.

Popular forex brokers

Globally licensed broker

Fortrade is one of the fastest growing forex CFD brokers in london. They are licensed by the FCA (UK), IIROC (canada) and ASIC (australia), see here.

Try their easy to use trading platform, visit fortrade.Com.

Multi licensed broker

Plus500 is an established CFD provider that many australian investors use, look here.

Try their free demo account, and you’ll understand why, go to: plus500.Com.
*76.4% of retail CFD accounts lose money

United states regulated broker

Forex.Com is a forex and futures broker that is registered with the CFTC and a member of NFA, see here. They offer a robust web trader platform, along with MT4 and a desktop trading software.

You should try out their free demo account, signup here.

Most reputable, non-scam forex brokers

What are the best forex brokers? We have made an analysis and try to show you on our broker reviews website which FX brokers are the most reputable, serious ones and which ones are just scammers. After all, nobody wants to trade with a FX broker that is a well-known scamming company. We will first show you the most common forex scams and then present you a list with some of the most reputable forex brokers.

Hint: if you don’t want to read the whole article: the best reputable FX broker in our test is avatrade.

Scam and fraud by forex brokers

The typical cases of scam or fraud by forex brokers are:

Withdrawal of money is not possible: you have deposited money, completed a few trades successfully and now want to withdraw some of the money earned. This money could buy you a new watch, a car or just a fine dinner with wife or a close friend. Unfortunately, while depositing money at that broker was no problem, the withdrawal of your funds seems to be impossible. And your inquiries remain without reply as the customer service suddenly stops answering them. Too bad that you traded at a scam FX broker and have been ripped off.

Bonus deleted: you decided to deposit $1,000 instead of the planned $600 in order to get a higher signup-bonus and start trading. As soon as you want to withdraw some of the money won, the bonus has disappeared. Your inquiries at the customer service department are replied with shady arguments as to why they cancelled your bonus. However, not every case about cancelled bonuses is a scam. Our advice is to read the bonus terms first before you make a deposit. It’s often the case that you must have completed a certain number of trades until you are eligible to get the bonus. By making a withdrawal before completely clearing the bonus, you may void the entire bonus. It is also possible that there was a time limit of for example 60 days to unlock the bonus offer. Thus, it may have been just a misunderstanding and not a rip off through your FX broker.

High spread: there are cases of traders who reported too high spreads at their forex brokers. While the spread offered might be just 2 pips on EUR / USD, traders are charged a higher spread. Often, this is not a scam by the FX broker: most forex brokers offer different account types, such as silver, gold and platinum accounts. In order to benefit from favorable spreads, you need to be at least a gold or platinum account holder, for example. So you have to make a high initial deposit in order to be able to profit from the low spreads. Our recommendation is to read the T & C (terms and conditions) of your FX broker carefully before making a deposit.

Poor rates for traders: this is a very unfair practice of forex brokers, because it is difficult to detect. Imagine that your broker offers foreign currencies at a more expensive rate, and that the broker will buy currencies at a cheaper rate than the market price. Even if the difference between the market price and the rate of your broker is only 1 pip, this increases your costs on each trade and reduces your winnings. Such frauds are fortunately rare.

Reputable, serious brokers withoug scam

So what are the most reputable forex brokers? And which ones should you avoid? We made an attempt to spot rogue brokers and thus created a list with the most reputable brokers. The list does not include all brokers, but shows you some of the FX brokers that can be recommended for online FX trading.

So how did we create that list of the most reputable brokers? We used the search engine google. Even though the research was done on google.De, we think that the results are also relevant for traders from other countries in the world. First, we made a search for the brand name of each FX broker and counted the number of results in german. For example, the search for “finexo” led to 12,800 hits. Then we have searched for the company name plus the terms “fraud, ripoff, scam or criminal charges”. In the example of finexo this led to 144 hits. We could thus calculate a ratio: how many web pages mention scam, and how many pages in total mention that FX broker? The lower the percentage of sites that mentioned scam, fraud or rip-offs, the more serious and reliable that FX broker must be. For finexo, this gave the low value of 1.1%. Only around one out of hundred german websites that mention finexo also mentions words like fraud or scam on its page. Of course, this is only a simplification of reality. If someone writes in a forum: “avatrade is not a rip-off”, then this would be counted as a criticism of avatrade. Nevertheless, we believe that the results of this survey are a good indicator of which FX brokers are serious, reliable companies.

Results reputable FX broker

In the following diagram, you can see the ratios of “scam search results” to “all results”:

We have deliberately chosen not to mention the worst three brokers by name – because of the limitations of the analysis mentioned above. The middle three brokers (liteforex, forex4you, fxopen) were significantly more often mentioned together with the terms “scam”, “rip-off” or “fraud” than the best brokers.

Our top 3 list of the most reputable forex broker is therefore:

1st place: avatrade

2nd place: finexo

3rd place: instaforex

We have linked to our broker review pages of the three best brokers. Our winner in the list of the most reputable FX brokers is thus avatrade. The probably biggest broker in this comparison (avatrade scored more than twice as many search results as the second largest broker) seems also to be the most serious broker.

If you want to start forex trading, then avatrade is certainly a very good choice. You can also first open a free demo account to gain some experience without risking your own money.

Forex scams

Top 7 forex scams to avoid today

As forex markets promise to give you an incredible return on investment, they became trendy in the last few years. However, often forex traders don’t have a great understanding of how forex markets work and what a forex broker does exactly, which leaves the latter a lot of room to scam the trader. Whether it is about proposals on instagram or simply fake investment advice, beware.

It’s a complicated industry, and even experienced people fall victim to intricate trading schemes. There are quite a few variations of the forex fraud. Let’s take a look at a few of them. Feel free to add names of questionable forex platforms in the comments section, at the bottom of the article.

Forex trading strategies – scam 1: the whole package

According to the specialists at investorguide.Com, this might come your way by crooks “creating false customer accounts for the purpose of generating commissions, selling software that is supposed to garner large profits for the customer, false claims of customers making huge money, the theft of a customer’s account and phony marketing.

Forex scams draw customers in with sophisticated advertisements placed in the newspaper, heard on the radio, or seen on internet websites.

Forex trading strategies – scam 2: computer manipulation of bid/ask spreads

How does this scam work? According to dailyforex.Com (a great team of analysts and researchers who watch the market throughout the day to provide unique perspectives and helpful analysis on forex trading), “the point spread between the bid and ask basically reflects the commission of a back and forth transaction processed through a broker. The point spreads differ widely among brokers and differ between currency pairs.

Since brokers don’t usually offer the normal two- to three-point spread in the EUR/USD, for example, but go for spreads of seven pips or more, any potential gains resulting from a good investment were eaten away by commissions. These commissions found themselves in the broker’s pocket.

Forex strategies – scam 3: commingling funds

In law, commingling is a breach of trust in which a fiduciary mixes funds that he holds in the care of a client with his own funds, making it difficult to determine which funds belong to the fiduciary and which belong to the client.

When it comes to the forex scam, the same team at dailyforex.Com explains: “commingling funds gives forex brokers the opportunity to pocket much of an investor’s money without the client ever noticing any discrepancy. The broker benefits financially during the trading and eventually disappears with a customer’s money.”

“if a forex trader looks carefully and states vigilant he/she can pick up are certain warning signs which can alert him/her when all is not on the straight and narrow. If a broker won’t allow the withdrawal of monies from investor accounts or if problems exist within the trading station, the trader should take immediate notice.

Additionally, guarantees of high performance levels-some much higher than those offered by other forex brokers-should be viewed with considerable skepticism.”

Forex strategies – scam 4: robots/automated systems

Surprised? Don’t be. This is an increasing scam especially with the advancement of the technology. Questionable brokers sell automatic trading systems which claim to generate automatic trades even when the trader is sleeping.

Some shady companies sell their special “packages” for thousands of dollars, only to find out that some of these you can find on the internet for free.

“most of these robots have not been tested by an independent source for formal review. Their trading system’s parameters and optimization codes are usually invalid and at the end of the day, the system generates totally random buy and sell signals”, concludes dailyforex.Com.

Forex strategies – scam 5: fake investments funds

All kinds of HYIP funds have been notoriously showing up everywhere. Simply because they work; for the scammers! The high yield investment program funds ‘guarantee’ you a great level of return for temporary use of your money in their forex fund.

The concept that sells this ponzi scheme is that the investors of yesterday get paid back by the investors of tomorrow. How the scam works is that once the fund runs out of prospects, it closes down and takes whatever money it has with it.

Must read: online college course scam

Forex strategies – scam 6: signal seller membership

Just like the robots, certain ‘signal sellers’ claim to sell you information on which trades you should make in order to get rich. The trick is – they charge a weekly or monthly fee for their service (‘signals’).

Little do you know that not only you are lose your money, but they do not even offer you anything that will help improve your trading!

Forex on instagram – scam 7: fake accounts

With the advancement of technology, there are many well-run online scams on social media when it comes to forex. Some have over a thousand ‘followers’ losing money as the fraud is advertised as a get rich quick scheme.

People are signed up to a trading platform through so-called ‘companies’ and are asked to deposit their hard-earned money to deposit $400 (or EURO). Ultimately, they lose it all through investment advice from kids who earn a kickback when clients give money to the platform used to sign up.

These questionable forex platforms have recruited and paid multiple young adults from ages 18-21 to promote their scheme online. They get paid for luring new people into the system. They also use well known social media influencers to promote them and tell lies about the service.

How to avoid the forex scams:

There are many red flags you should be aware of. The first one would be when you are guaranteed a profit. There are no guarantee profits in forex. Use your computer and search reviews featuring the broker, or the system, or the signal seller.

Make sure the testimonials are genuine and do not come from their own websites. Check all the forex forums and google the name of the broker followed by the word ‘scam’.

Check their website very carefully. If they don’t have a legitimate contact page with phone numbers and emails, that’s another red flag.

Last but not least, keep in mind that there is no ‘miracle’ software that will figure out the forex market for you. If anybody would own that, why would they sell it?

How to report **the forex strategies scams:**

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the federal trade commission using the link below:

How to protect yourself more:

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the scam detector newsletter here. You’ll receive periodical emails and we promise not to spam. Last but not least, use the comments section below to expose other scammers.

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Forex broker scam list

List of forex scam brokers

Official website: click to go website

Out of business:

Avoid paying the origin clients fund:

Avoid supporting well and transparent for traders:

Avoid paying the profit of traders and removes them:

Scam level: %

Forex scam brokers

Trading in the forex market has its complexities and challenges. One of the difficulties is choosing a proper forex broker and working with it. In the currency market, there are a number of unprofessional and problematic brokers using subtle and smart ways waiting for achieving traders' capital dishonestly.

What kinds of brokers in pipsafe are known as scam? We, as a forex rebates server, will not cooperate with brokers which are already known as a scam. And also we will stop our cooperation with any brokers which cause problems for traders and we, as a representative, will put them on the blacklist, so traders can stay away from these brokers and avoid trading with them. Therefore, follow our scam broker list.

Forex brokers’ scams, which are on our blacklist, include the following items:

1-forex brokers which have already recognized as scam
2-those brokers which pipsafe announce as scam and have a lot of problems
you must avoid these scam brokers and forget them. Otherwise, you will face a real and significant challenge. We suggest using our trusted brokers because we always keep in touch with other brokers and we can understand any problems like decreasing their quality.

The problems that forex brokers can provide for traders:

Avoid paying the original clients’ funds

Avoid supporting well for traders

Avoid paying the profit and removes them

Changing the price of currencies and use artificial prices

Expanding unusual and too much of spread to limit the traders and their failures.

Select a good forex broker

Every year a lot of new forex brokers come to this world, and they add to this forex lists. Choosing a reliable FX broker along with an excellent facility among all those brokers is a little hard, and it needs an ultimate guide.

Pipsafe will help you, in this case, to avoid you being in fraud forex brokers and also help you not to be insignificant problems. Furthermore, pipsafe helps you to select an excellent and reliable broker. We are as a provider of forex cashback service due to having a close, continuous relation and contacts with other forex brokers which received their representative. What is more, we will analyze them carefully, and you can have the results and know more about it on our website.

Some important points about the regulation of various forex brokers

There are lots of regulatory and financial institutions around the world, which are monitoring the activities of forex brokers so that they have transparent and dynamic activities.

The most popular and prominent regulatory agencies on forex brokers

On the whole, having a valid regulation is essential for forex brokers who show at least condition for their activities in the global area, but there is no particular reason for trusting any brokers.

What is rebate?

When you as a forex trader ,open an forex account via cashbackforex website like pipsafe, the forex brokerage pays pipsafe some part of spread for any trade you make as reward for referring a forex customer to them, than pipsafe share the most of this revenue with you.

Pipsafe score

We are based on various factors grading the brokers credit such as votes of public and votes of our experts. Also we check many things such as the establishment and background of brokers and types of regulations they hold. Grading the quality of the brokers, we will consider some facts like, quality of service, parameter of the quality of a brokers, her/his kindness to the customer and give score to the brokers between 0 and 100 which will be given by our company called pipsafe score. Select the brokers with high scores greatly respected by our customers choice and we are confident that we will always try to update those brokers.

So, let's see, what we have: our list of NOT trusted forex brokers. Watch out for these forex brokers, that show many signs of scam. Contact us with your own experience of scamming forex brokers. At legit forex brokers