List of Fake Brokers, You Must Avoid

Its become tough nowadays to spot the difference between fake and Legitimate brokers. Fake brokers act like authorised ones by using tricks and techniques, attract investors, and looted their money. Therefore, in this article, we are providing a list of fake brokers that you must avoid.

1. GemForex- Headquartered in Seychelles, Gemforex is a Japanese online foreign exchange and CFD broker founded in 2010, formerly known as Gemtrade, a company owned by Gem Group Holdings LTD. Gemforex offers the industry's popular MetaTrader 4 and MetaTrader 5 trading platforms, as well as a wide range of trading instruments, including more than 50 currency pairs, more than 10 index CFDs, and more than 10 block index CFDs. You can get all the details of the broker by click on this link.

   https://www.wikifx.com/en/dealer/9566661092.html

   

2. CDG broker- The broker is located in Saint Vincent and the Grenadines with registration number 1726 LLC. CDG Global traders offers; FX, Metals, Indices, Energies, Shares, Commodities, and Cryptos. The broker also enables STP/ECN technology. CDG Global offers a variety of trading accounts, including ECN and Islamic accounts.You can get all the details of the broker by click on this link.

https://www.wikifx.com/en/dealer/6641408840.html

3. Swiss Capital - Swiss Capital provides an extensive range of CFDs, encompassing numerous commodities, precious metals, indices, stocks, and major cryptocurrencies such as Bitcoin, Litecoin, Dash, Ripple, and Ethereum, in addition to forex. Swiss Capital enables its clients to conduct their trades on MT4 IOS and Android platforms.You can get all the details of the broker by click on this link.

https://www.wikifx.com/en/dealer/4192753768.html

4. MTrading- MTrading operates via Nevis entity and owned by Finvest Solutions Limited, with a registration number of 55504. Founded in 2012, MTrading offers a range of financial services and trading instruments, including Forex, CFDs, and Crypto.You can get all the details of the broker by click on this link.

https://www.wikifx.com/en/dealer/1461139117.html

5. COIN-ROYAL -Based on the website, COIN-ROYAL, established in 2021, is a trading platform that operates on the Bitcoin network, facilitating leveraged trading on multiple digital assets such as Ethereum, Litecoin, Ripple, and Bitcoin itself. The broker is currently accepting clients from more than 150 countries.You can get all the details of the broker by click on this link.

https://www.wikifx.com/en/dealer/1473212835.html

6. HankoTrade- HankoTrade is registered with the Financial Services Authority of Seychelles (FSA). Hankotrade distinguishes itself as an ECN (Electronic Communication Network) broker, emphasizing its commitment to providing exceptional trading conditions (tight spreads, no commission, etc.).You can get all the details of the broker by click on this link.

https://www.wikifx.com/en/dealer/7411460895.html

7. Quotex- Quotex founded in 2019, is a brokerage firm. The firm offers its clients the opportunity to engage in trading activities involving currencies, metals, oil, cryptocurrencies, and stock indices. The broker provides f a variety of available currencies (USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND), a Demo account, and 24/7 customer support.You can get all the details of the broker by click on this link.

https://www.wikifx.com/en/dealer/1290453790.html

8. Milton Markets- Milton Markets is a Forex and CFD broker Registered in 2021. According to the website, Milton Markets provides highly favorable trading conditions for traders of all skill levels, catering to both beginners and day traders. You can get all the details of the broker by click on this link.

https://www.wikifx.com/en/dealer/8961225175.html

9. EagleFX - According to the brokers website, EagleFX functions as an internet-based STP broker for Forex and cryptocurrency trading, offering CFD trading across a wide range of assets and favorable trading circumstances through the acclaimed MT4 platform.You can get all the details of the broker by click on this link.

https://www.wikifx.com/en/dealer/1501887338.html

10. T4Trade - Based on the information provided on the brokers website, T4Trade provides a wide range of financial instruments (Forex, Metals, Indices, Commodities, Futures, and Shares ), featuring competitive spreads and flexible leverage options. T4Trade is dedicated to catering to the needs of both novice and experienced traders, offering interesting trading tools and conditions.You can get all the details of this broker by click on this link.

https://www.wikifx.com/en/dealer/8642670642.html