An indictment was leveled against two men in the District of Puerto Rico for their alleged involvement in the operation and promotion of OmegaPro, an international investment scheme that has led to financial losses worth over $650 million for investors. Check more about this story
Spain's financial watchdog, the National Securities Market Commission (Comisión Nacional del Mercado de Valores, CNMV), has issued warnings against 10 unlicensed forex brokers operating without proper authorization.
Regulatory compliance is the foundation of broker trustworthiness, ensuring transparency, client protection, and ethical trading in the forex market.
Learn what makes a forex broker reliable in 2025. Explore key features like fast execution, tight spreads, and transparent pricing for smarter trading decisions.
Trading with unregulated brokers, such as Exnova, exposes traders to numerous risks, including fraud, withdrawal issues, and a lack of client protection. Learn about the dangers associated with these brokers and why it's crucial to choose a licensed, reliable platform.
Otkritie, registered in Cyprus, is an online trading platform regulated by CySEC. It offers Investment Advisory, Brokerage, and Asset Management services via its Open Key and QUIK platforms.
FXPRIMUS is a broker, which was founded in Vanuatu in 2020, offering trading on forex, metals, equities, indices, cryptos and stocks with leverage up to 1:1000 and spread from 1.5 pips on MT4/MT5/WebTrader trading platform. The minimum deposit requirement is $15. Besides, residents of Australia, Belgium, Iran, North Korea and USA are not allowed.
TenTrade is a Seychelles-based forex and CFD broker founded in 2010 and licensed by the Seychelles Financial Services Authority (FSA) with a retail forex license (SD082). TenTrade offers three account types (PRO, ECN, BONUS), supports MT5 platform trading, covers a wide range of assets such as forex, commodities, indices, and provides flexible leverage up to 1:500. However, it has been flagged as suspicious clone by the Cyprus Stock Exchange (CySEC) and other authorities and is subject to regulatory controversy, requiring customers to carefully evaluate its legality and risks.
Colmex Pro is a Cyprus-based broker founded in 2009, regulated by CYSEC. It offers a diverse range of market instruments, for instance: Forex, Indices, Commodities, Stocks.
Investec was created in 1995 and is headquartered in South Africa. It provides banking, investing, and insurance services to both individual and institutional clients. It has been designated as unverified by South Africa's FSCA for misusing a genuine licence (No. 11750) issued to Investec Bank Limited that it is not authorised to use.
AAAFx is a multi-asset broker. It offers a wide range of trading products, covering forex, indices, commodities, stocks, and cryptocurrencies; meanwhile, it supports multiple trading platforms such as MetaTrader 4, MetaTrader 5, and ZuluTrade. It is suitable for both novice beginners and experienced traders.
Connext is a global CFD broker. It offers trading in forex, precious metals, energies and cryptocurrencies via the MT5 platform, with leverage of up to 1:1000. Account types include Micro Accounts, Ultra Accounts (0.6 pip spread, $6 commission per lot), No Swap Accounts for Islamic traders, and demo accounts. Features such as copy trading and multi-device MT5 access are also provided.
Radex Markets is an offshore-regulated online trading broker headquartered in Seychelles. The platform offers MT4/MT5 trading platforms, covering over 350 instruments, including forex, stock CFDs, indices, metals, and cryptocurrencies, with support for 0 spreads and maximum leverage of 1:500. It provides Standard (no commission) and RAW (low commission) accounts, and offers promotional activities such as welcome bonuses and cashback.
Founded in 2003, StoneX is an unregulated broker registered in the United States, offering trading on commodities, securities, FX, and digital assets on StoneX One platform.
Simplex Asset Management is the core asset management company of Simplex Financial Group. Headquartered in Japan, it is one of the largest independent alternative asset management groups in Japan. It provides diversified financial products for investors, with its business covering both Japanese and international markets.
Aeron is an unregulated broker offering trading in CFDs & Currencies, Shares & Indices (with commission-free stock trading from $100), and Commodities via MT5 and Aeron Webtrader. They provide a live and demo account with no deposit/withdrawal fees.
Trade Capital Limited is in the news for conducting bad practices as a forex broker. Check out the unethical practices employed by it to scam investors in this article.
N1CM is a broker that provides online trading services that allow clients to trade in multiple financial markets, including forex, metals, commodities, indices, stocks, and cryptocurrencies. N1CM offers a wide range of trading products and flexible account options, making it suitable for traders of all levels, especially newbies and users who want to try their hand at trading with high leverage. However, due to its unregulated status and the potential risks associated with high leverage, traders should fully assess their risk tolerance and conduct in-depth research before trading.
To celebrate its 17th anniversary, AMarkets is continuing its grand raffle. According to the report, dozens of prizes have already been awarded, and several more draws are still ahead. But one thing comes to our mind, is it trustworthy?
In the world of online trading, regulatory oversight plays a critical role in protecting investors and ensuring market integrity. Brokers operating without clear and verifiable regulation often pose heightened risks to traders. GMI Edge is one such broker that, according to available information, raises several red flags regarding its licensing and operational transparency.