BrokersView gives a summing up of "Q&A" this week - from 27 Feb, 2023 to 3 Mar, 2023。
Brokers Asked in This Week
Scam Brokers You Should Stay away from
● iToroStocks - an unlicensed broker warned by FCA and FSMA, falsely claiming its regulations by CySEC and ASIC;
● ICM Brokers - a scam broker operating without oversight from financial regulatory authorities;
●MyForexFunds - a non-regulated platform carrying a warning by the Spain CNMV for providing financial services without authorization;
● NTTSFX LTD - an illegal broker providing false statements of its regulations;
● CF Merchants - a non-supervised broker not under valid regulation by any regulators;
● Mega Markets - a fraudulent online trading platform without any regulatory info and warned by the Belgium FSMA for operating in the Belgian market.
Other Asked Brokers
As for other brokers been asked about this week like GBE Brokers, EZINVEST, IC Markets, and Trading212. Even though the above brokers do have authorizations and regulations, they are just relatively lower risk than those without valid regulations. We would recommend all investors check brokers' reviews in BrokersView.com before investment.
