Scam Review

LQDFX is a popular unregulated forex broker who has earned itself a loyal following over the years. The trading conditions offered by them are fair at least in theory and they are said to be following the STP operational model. Spreads on this platform are comparatively higher, but it is not something which is a […]

KOT4X is an unregulated forex and CFDs broker which came into existence in 2019. This broker offers leverage of upto 1:500 and their trading conditions are up to par with other alternatives in the sector. On paper, apart from the regulation aspect, most things about them sound good. However, once you take a look at

HugosWay is a rogue forex broker that has earned itself a lot of bad reputation online. They are located and registered in the Seychelles which means they aren’t overseen by any third parties and their activities for the most part will be questionable. This broker offers more than 150 financial instruments to retail clients with

Trader’s Way is a broker who has earned itself quite a controversial spot on every forum in the trading niche. They are unregulated and are operating for roughly a decade at the time of writing this review. In their initial days, they earned a ton of clients due to their flexible trading conditions, but as

Coinexx is an offshore broker who has caused a significant amount of losses to a lot of retail traders in the last couple of years. The policies they follow are vague and as there is no regulatory authority auditing them, they have been successful when it comes to getting away with many borderline criminal activities.

FxChoice is a shady broker who is operating from Belize, their platform might seem genuine at first, but we found certain facts which say otherwise. Thanks to the current level of uncertainty in the world, the volatility in the markets are through the roof and both the retail and institutional side love it. However, always

72Option is an infamous unregulated binary options broker that entertained clients from all over the world. The number of financial instruments offered by them was very limited, but the main reason for their popularity was their trading bonus structure. They allegedly used to offer their services to residents of the United States which is outright

Coinbrokerz was a crypto CFDs broker who claimed to be regulated by the FCA. For a long period, they were accepting the people in the UK region under pretenses and most of the victims of this broker suffered enormous financial damages. This platform is known to use every sketchy trait imaginable to prevent the clients

Tradenix.io was an online investment platform that promised to increase its clients’ profits by allocating their funds to cryptocurrencies. According to the information on their platform, they operate from the United States but accept people from all around the world. Due to many complaints against them, many official authorities and associated services have issued warnings

L7 Trade was a hot product in the financial sector. They claimed to use some modified type of arbitrage principle to make as much as 4% profits daily. Their platform was well designed, and it was a no-brainer that most newbies fell for this sophisticated scam. L7 Trade claimed to be under the radar of