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Updated by Alexander Zane on Sep 03, 2020
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The 10 Worst Forex Scam Brokers in 2020 That You Should Watch Out!

Don't be scammed by a scam broker. Better look for a regulated and trusted ones.

Audemart Review | Is it a good broker or a scammer?

Audemart is a broker that is based in St. Vincent and Grenadines. They claim to have been on the market since 2004. However, our research did not find any mention of them going back that far. In fact, most information we saw, shows that the company has only been around in 2020.

Blackstone500 Review by My Forex News . Read about pure scam

As far as regulations go, there are none. A company that has had so many awards should surely have a regulator at least? No? We cannot find and regulators, and that is an awful sign.

CCXMarkets Review | Is there a bigger scammer than this one?

CCXMarkets is owned by Online Media Solutions LTD, based in St. Vincent and the Grenadines. It is quite hard to find any information about CCXMarkets, besides all of the allegations and bad reviews against them.

Crux24 Review by FinanceBrokerage. Beware of Scammer broker!

Supposedly, they have been around since 1999, according to their website. Further research shows no such evidence, even that they have been around for less than a year. Their website has a different name on the header: iPro, and another name on their domain and email.

Cryptechs review - yet another scam broker on the market!

Cryptechs is owned by an offshore company Point Place Ltd. As we were able to find, the company is based in the Commonwealth of Dominica. At the same time, all payments are processed by Meantech OU – a company incorporated in Estonia.

Northstate Review by My Forex News. Is it a scam?

The first thing you notice when you search for Northstate is that you can’t find them on Google. To enter their website, you must go to the exact Northstate.io web address. They hide a lot of information. For example, finding out what platform they use is impossible unless you sign up and pay for an account. Also, they are unregulated, meaning they can just pack their bags and leave with your money whenever they wish to do so.

Phoenixus Review – are they a scam or no? - FinanceBrokerage

The research provided us with no information about their whereabouts or their licenses, as well as their contact information, or license numbers. Instead of listing their legal documentation, they list their mission and values.

RogerFin Review - another prominet scammer on WiBestBroker.com

It was tough to find any general information on this broker. Well, they don’t care enough to present themselves to the world and their traders. We don’t care about trying to cover up their professional negligence to the simple details.

RoyalStox Review | Is it a royal broker or a royal scammer?

They have lazily attached the word “Royal” to its name and put a picture of the Queen on their website, to insinuate some connection to the United Kingdom. However, this is false, they operate as an offshore broker. In addition, the broker doesn’t seem to hold any certificates, nor is it regulated by any official organization.

SoloFXB Review | What do you need to know about SoloFxb?

The platform does not have any regulations. This should be seen as the biggest RED FLAG for the people interested in investing. Another thing they have is automated trading software. This software is usually seen as a serious concern as most of the time they are part of multiple scamming schemes.