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Is Uphill Trades a scam?
Achilleas Tawalbeh
Egypt
6 hours ago
ANSWER Uphill Trades appears to be a scam.The broker's failure to disclose regulatory information is a significant scam indicator. This, coupled with a lack of transparency in its contact information, suggests an intention to evade customers or regulatory authorities should any issues arise. Furthermore, Uphill Trades accepts clients from British Columbia (BC) without being registered for trading in, or advising on, securities or derivatives in BC. This has led to a warning being issued by the British Columbia Securities Commission (BCSC).Given these circumstances, Uphill Trades does not appear to be a secure option and presents substantial risks of fraud and identity theft. To protect themselves from such risks, investors are advised to choose fully regulated brokers over unregulated ones like Uphill Trades.
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What is the excution mode on Capital MGM?
maksimgordeevfx
Cambodia
9 hours ago
ANSWER We strongly advise against engaging with Capital MGM, a broker that currently operates without a license.The broker's claims of being regulated in Hong Kong SAR and Cyprus are not backed by specific details, casting a shadow of doubt over their credibility. Our subsequent investigation indicates that these claims are unfounded, as there are no corresponding records from the relevant financial regulators to substantiate them. Adding to the concerns, this broker, which purports to be based in the UK, has been flagged by the Financial Conduct Authority (FCA) for offering financial services in the country without the necessary authorization. This has led to a warning being issued by the FCA.In light of these findings, it is prudent for investors to steer clear of Capital MGM to avoid becoming victims of potential fraudulent activities. For the security of your funds, we recommend choosing fully regulated brokers over unregulated ones like Capital MGM.
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I dont want to invest too much money. So is BigFXInvest any limit to deposit?
Alaa Biggs
Norway
10 hours ago
ANSWER Trading with BigFXInvest is strongly discouraged due to its unlicensed status. The absence of disclosed regulatory information is a major red flag, indicating potential non-compliance with pertinent regulations.The Financial Conduct Authority (FCA), a regulatory body in the UK, has issued a warning against BigFXInvest, classifying it as an unauthorized firm. This further underscores the risks associated with this broker.Engaging with BigFXInvest could potentially result in significant financial losses due to fraudulent activities. To mitigate such risks, investors are advised to opt for fully regulated brokers instead of unregulated ones like BigFXInvest. Remember, it's crucial to ensure the legitimacy of your broker for a secure trading experience.
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Globe Fx Trades regulation, please.
Slobodan Pegasiou
Finland
12 hours ago
ANSWER Globe Fx Trades is unfortunately not a regulated entity. Despite its claims of being regulated by the Financial Conduct Authority (FCA), the FCA itself has issued a warning against this unauthorized firm, effectively refuting such claims.Furthermore, Globe Fx Trades also asserts its registration with the Mauritius Financial Services Commission (Mauritius FSC). However, this claim too lacks substance as there are no corresponding records in the Mauritius FSC register to support it.Given these circumstances, it appears that Globe Fx Trades might be operating fraudulently. Engaging with an unregulated broker carries significant risks. For a safer trading environment, we strongly recommend dealing with brokers that are fully regulated.
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Does 247Bitinvest accept e-wallets to deposit?
phinospritiness
Czech Republic
12 hours ago
ANSWER We strongly recommend steering clear of 247Bitinvest, which is an unlicensed financial service provider.The company purports to be based in the UK and claims to be regulated by the Financial Conduct Authority (FCA). However, our checks with the FCA have found these claims to be unfounded. There are no records on the FCA register that back up the company's legitimacy, suggesting that 247Bitinvest is operating fraudulently and outside of regulatory oversight.Given these circumstances, we strongly advise investors to avoid 247Bitinvest to protect themselves from falling victim to potential financial scams. For a more secure trading environment, we suggest considering fully regulated brokers.
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What document should I offer to open an account on Expert FX Brokers?
Hieu Brownlie
France
14 hours ago
ANSWER Considering its lack of transparency and absence of financial licenses, we strongly recommend reconsidering any plans to engage with Expert FX Brokers. Avoid sharing any personal information with them, as it could potentially be misused for fraudulent activities.The website of Expert FX Brokers doesn't provide any company information, which makes it difficult for investors to verify their authenticity and legitimacy. If any issues arise, customers may find themselves without a viable way to contact the team, which further indicates their intention to evade both customers and authorities.Moreover, Expert FX Brokers falsely purports to be licensed by the Cyprus Securities and Exchange Commission (CySEC). Its unauthorized provision of financial services has even attracted a warning from the Financial Conduct Authority (FCA).Given these factors, Expert FX Brokers is not a safe choice and poses significant risks to investors. To protect yourself from such risks, we advise choosing fully regulated brokers instead of unregulated ones like Expert FX Brokers.
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What is the lowest spread VEVOFX offers?
Sergei Solovev
Cuba
14 hours ago
ANSWER When choosing a broker, it's vital to prioritize their legitimacy over the trading conditions they advertise. VEVOFX is an unlicensed broker, and we strongly discourage using their services.VEVOFX claims to be licensed by the Vanuatu Financial Services Commission (VFSC). But these claims don't hold up, as the VFSC doesn't have any records to back them up. This inconsistency indicates that VEVOFX might not be as honest as they portray, especially considering their misleading regulatory statements.Our investigation raises significant concerns about VEVOFX potentially engaging in fraudulent activities. Consequently, we advise investors to avoid VEVOFX and similar unlicensed brokers. To safeguard against such risks, we suggest choosing brokers who are fully regulated.
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When can I have my money back after submitting my withdrawal request to TrothFX?
ericastro
Australia
2024-04-26
ANSWER If you are contemplating using TrothFX as your broker, we strongly advise against it. TrothFX is not a legitimate trading platform.The forex brand purports to be operated by the TrothFX Group and claims to be regulated by several major financial regulators. To lend credibility to their claims, TrothFX provides specific details about its supposed licenses. However, our checks with the relevant financial watchdogs tell a different story. There are no records from these authorities to back up its regulatory claims. The broker's links attached to the licensing data merely redirect traders to TrothFX's homepage, not to the pages of the relevant financial regulators.Among the financial authorities that TrothFX cites is the Seychelles Financial Services Authority (Seychelles FSA). To set the record straight, the Seychelles FSA has issued a warning against TrothFX, refuting its claims of authorization.Therefore, TrothFX is fraudulent. Individuals who deal with this deceptive broker are at risk of fraud and identity theft. To mitigate such risks, investors are advised to choose fully regulated brokers over unregulated ones like TrothFX.
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Paramount Growth has license right???
DonnaParker
Denmark
2024-04-26
ANSWER No, it appears that Paramount Growth does not possess the necessary license.While it claims to be registered with the Companies House (CH), the broker has failed to secure the requisite authorization from the Financial Conduct Authority (FCA). It's important to understand that mere registration with the CH does not imply authorization from the FCA. In the UK, nearly all individuals and firms offering financial services are required to obtain authorization from the FCA. Due to its non-compliance and the significant risks it poses, the FCA has issued a warning against Paramount Growth, advising investors to steer clear of this unauthorized firm.Consequently, investors are advised to avoid Paramount Growth to prevent falling prey to potential scams. For a safer trading environment, it is recommended to opt for fully regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.