Investor Alert: The 100 Most Dangerous Brokers of 2025 You Need to Avoid

Amid the relentless drive for profit and the looming risk of fraud, the truth must be brought to light. This report offers a direct and informative overview of the most dangerous brokers identified between 1st May and May 12, 2025, 2025, as determined by WikiFX investigations and user-submitted complaints.

Mether World

ID: 1738837656

Publication Date: 14 May 2025

Article Link: Read Article

Conclusion: Dubiously operated platform, falsely claiming regulation. Numerous user complaints on locked accounts, bait-and-switch trading conditions, and refusal to process withdrawals. Potential scam risk avoid interaction.

LiteForex

ID: 6821266314

Publication Date: 14 May 2025

Article Link: Read Article

Conclusion: Although formerly licensed, the brand has shifted operations to low-regulation zones. Increasing reports of slippage, delayed withdrawals, and account access issues. High caution advised.

Equiti

ID: 9641202830

Publication Date: 13 May 2025

Article Link: Read Article

Conclusion: Some entities under Equiti Group are unregulated. Recent client complaints about frozen funds and unclear fees.

WELTRADE

ID: 9161578493

Publication Date: 13 May 2025

Article Link: Read Article

Conclusion: SVG-registered entity. Negative feedback on user fund handling and customer service quality.

INGOT BROKERS

ID: 2801529700

Publication Date: 13 May 2025

Article Link: Read Article

Conclusion: Operates multiple entities; not all are regulated. Accused of misleading investors on account segregation and safety.

Capital

ID: 3541971145

Publication Date: 9 May 2025

Article Link: No link available

Conclusion: Generic name; unclear which entity is being reviewed. Flagged for unverified licensing and offshore activities.

Volnex

ID: 9941528702

Publication Date: 8 May 2025

Article Link: Read Article

Conclusion: New scam broker. Uses fake promotions to lure investors. Regulator warnings issued.

IQ Option

ID: 9261574473

Publication Date: 7 May 2025

Article Link: Read Article

Conclusion: Suspicious withdrawal policies and misleading interface practices. Multiple legal complaints filed.

iForex

ID: 4591326731

Publication Date: 7 May 2025

Article Link: Read Article

Conclusion: Although CySEC-regulated, the broker is tied to multiple high-risk practices including high slippage and unclear fees.

Promax

ID: 4511811346

Publication Date: 6 May 2025

Article Link: Read Article

Conclusion: No verified regulatory oversight. Clients complain of unresponsive teams and frozen funds.

TNFX

ID: 7245309352

Publication Date: 5 May 2025

Article Link: Read Article

Conclusion: Legitimacy is questionable despite formal appearance. Withdrawal delays and lack of support highlight major risks.

WealthFX

ID: 6451157759

Publication Date: 5 May 2025

Article Link: Read Article

Conclusion: Illegally uses multiple domain aliases. Several investor reports highlight lost funds and bonus traps.

Vebson

ID: 2225336662

Publication Date: 2 May 2025

Article Link: Read Article

Conclusion: Questionable authority. Accused of price manipulation, unapproved deductions, and blocked user accounts.

iFourX

ID: 1932729994

Publication Date: 2 May 2025

Article Link: Read Article

Conclusion: Fake claims of international licensing. Known for sudden account deactivation and ignoring withdrawal requests.

Duhani Capital

ID: 1686283895

Publication Date: 1 May 2025

Article Link: Read Article

Conclusion: Suspicious broker with no verified license. Reports of clients being scammed post-deposit.

Alieus Capital

ID: 1321200043

Publication Date: 1 May 2025

Article Link: Read Article

Conclusion: Offshore-based. Known for fraudulent investment schemes and platform access issues.

Mtrading

ID: 1461139117

Publication Date: 30 April 2025

Article Link: Read Article

Conclusion: Dubious licensing and misleading marketing. Numerous complaints on delayed fund processing.

MAUNTO

ID: 5484738492

Publication Date: 30 April 2025

Article Link: Read Article

Conclusion: No regulatory status. Heavily criticized for manipulating user accounts and blocking withdrawals.

LQH Markets

ID: 3354175686

Publication Date: 29 April 2025

Article Link: Read Article

Conclusion: Anonymous operations with fake licenses. Users report funds withheld and unreachable support.

FXCentrum

ID: 1581928129

Publication Date: 29 April 2025

Article Link: Read Article

Conclusion: Regulated in Seychelles. Low credibility jurisdiction; multiple complaints on account suspension post-deposit.

Dominion Markets

ID: 1476680207

Publication Date: 28 April 2025

Article Link: Read Article

Conclusion: Accused of false advertising and failure to honor withdrawals. Lacks recognized licensing.

Pocket Option

ID: 1401985321

Publication Date: 28 April 2025

Article Link: Read Article

Conclusion: Frequently listed as a scam platform. High risk due to unregulated operations and suspicious payout patterns.

FXRoad

ID: 1272198738

Publication Date: 25 April 2025

Article Link: Read Article

Conclusion: Unlicensed entity flagged for blocking withdrawals and offering fake investment returns. Do not deposit funds.

Choose Brokers Wisely—Trade Smarter with WikiFX

Make Your Forex Trading Safer with Trusted Verification

About WikiFX:

WikiFX is the world's leading platform for evaluating and verifying forex brokers. With a database of over 60,000 brokerage firms, WikiFX empowers traders by providing accurate license verification, regulatory insights, and user-generated complaint data. Whether you're a beginner or a seasoned trader, WikiFX helps ensure that the firm you trade with is legitimate, transparent, and compliant—minimizing your exposure to risk and fraud.

Dont leave your investments to chance. Check before you trade.

WikiFX: Your First Step to Safer Trading.