The Most Complained Brokers In India for July 2023

Wikifx's top priority is you that's why we always make sure to share relevant and important information with you. Today, in this article, we are going to tell you about the most complained brokers in India for July 2023 based on Wikifx exposure data. Be alert and never invest in them. They have already looted people's money.

Brokers are an integral part of the Forex Industry. Brokers are basically intermediaries that facilitate the buying and selling of currencies. They provide traders with access to the global forex market by offering trading platforms and executing trades on behalf of their clients. But this is a bitter reality of this market that these intermediaries swindle the hard money of innocent people.

EXMA TRADING, a trading name of EXMA TRADING LLC, is allegedly a forex broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and floating spreads from 0.0 pips on the MT4 and MT5 trading platforms via three different live account types, as well as 24/7 customer support service.

Here is the link of the broker:

https://www.wikifx.com/en/dealer/2805047893.html

Kwakol Markets is a broker registered in the United States,and offering a range of trading instruments across various markets. This includes forex currency pairs, commodities, indices, and more. Kwakol Markets offers a wide range of trading account options to cater to different traders' needs. Here is the link of the broker:

https://www.wikifx.com/en/dealer/2441276789.html

USDC Investment is a relatively new brokerage firm based in the United States. With its proprietary trading platform, traders have access to a wide range of tradable assets, including forex currency pairs, indices, commodities, stocks, and cryptocurrencies. Although the company operates without specific regulation, it aims to provide limited customer support through phone, email, and live chat. However, information about account types, deposit and withdrawal methods, as well as educational resources, is currently not specified. Here is the link of the broker:

https://www.wikifx.com/en/dealer/3649783766.html

V5 Forex Global is a newly-established forex and CFD brokerage company that offers online trading services to global institutional and retail customers. It offers STP/ECN execution with no traders intervening. The company provides access to a range of financial markets, including forex, metals, indices, cryptocurrencies, and shares, through its propriety trading platforms. Here is the link of the broker:

https://www.wikifx.com/en/dealer/2482079142.html

Pemaxx is Registered in the United Kingdom. It offers Forex, Futures, Stocks, Indices, Crypto, and Commodities, with the leverage up to 1:500. It has been verified that Pemaxx is not authorized or regulated by any regulators, and thats why WikiFX has given it a very low score of 1.07/10. Please be aware of the risk, Trading with an unregulated broker is a surefire way to lose your money. Here is the link of the broker:

https://www.wikifx.com/en/dealer/3110751822.html

Founded in early 2020, TenX is allegedly a broker incorporated in Saint Vincent and the Grenadines that provides its clients with the world's most popular MetaTrader4 trading platform, leverage up to 1:500, low spreads, and no commissions on various tradable assets and 24×7 live chat customer support service. TenX Prime offers a diverse range of trading instruments, including 35 currency pairs, gold and silver, three energies, and 30 cryptocurrencies. Here is the link of the broker:

https://www.wikifx.com/en/dealer/1915404762.html

Forex4you is a popular forex broker that operates globally, with its headquarters located in the British Virgin Islands. The broker has been providing forex trading services since 2007, offering a wide range of trading instruments, including forex, stocks, commodities, and indices. Here is the link of the broker:

https://www.wikifx.com/en/dealer/6151285964.html

CappmoreFX is an unlicensed offshore broker, so with no hesitation, we put it on the list of suspected scams. Here are the links you can see the exposures details:

https://www.wikifx.com/en/exposure/detail/202308079322302455.html

https://www.wikifx.com/en/exposure/detail/202308074312492777.html

https://www.wikifx.com/en/exposure/detail/202308065662453222.html

https://www.wikifx.com/en/exposure/detail/202308055512150276.html

https://www.wikifx.com/en/exposure/detail/202308046852990128.html

https://www.wikifx.com/en/exposure/detail/202308048412268797.html

https://www.wikifx.com/en/exposure/detail/202308037592380230.html

https://www.wikifx.com/en/exposure/detail/202308037792863380.html

https://www.wikifx.com/en/exposure/detail/202308033522625088.html

https://www.wikifx.com/en/exposure/detail/202308031722941455.html

https://www.wikifx.com/en/exposure/detail/202308025822627877.html

https://www.wikifx.com/en/exposure/detail/202308017932447214.html

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