Forex Scam Broker Alert

Protect yourself from fraudulent forex brokers. This comprehensive list contains brokers that have been reported for scam activities, withdrawal issues, and fraudulent practices. Stay safe and avoid these companies at all costs.

6
Scam Brokers
1,420
Affected Traders
$10.2M
Reported Losses
How to Report a Scam Broker

If You've Been Scammed:

  • • Contact your bank/credit card company immediately
  • • File a complaint with your local financial regulator
  • • Report to law enforcement authorities
  • • Document all communications and transactions
  • • Submit a report to us using the form below

Warning Signs to Watch For:

  • • Promises of guaranteed profits
  • • Unregulated or fake regulation claims
  • • High pressure sales tactics
  • • Withdrawal issues or delays
  • • Poor customer service or no support
Filter Scam Reports

Fake FX Global

Very High Risk

fakefxglobal.com

Multiple reports of withdrawal problems and fake regulatory claims. Users report being unable to withdraw funds after initial deposits.

Reported: 1/15/2024
Unknown

Reported Issues:

Withdrawal issues
Unregulated
Fake licenses
Poor customer service
156
Complaints
340
Affected
$2.3M
Reported Loss
Active Scam
View Full Report
Confirmed Scam

Quick Profit FX

Very High Risk

quickprofitfx.net

Promises unrealistic returns and operates as a Ponzi scheme. Reports of identity theft and credit card fraud.

Reported: 2/3/2024
Offshore

Reported Issues:

Ponzi scheme
Guaranteed returns
No regulation
Identity theft
89
Complaints
210
Affected
$1.8M
Reported Loss
Confirmed Scam
View Full Report
Confirmed Scam

Euro Trade Masters

High Risk

eurotrademasters.org

Reports of manipulated trades and inability to withdraw funds. Uses fake trading platforms to show false profits.

Reported: 1/28/2024
Unknown

Reported Issues:

Account manipulation
Fake trading platform
Withdrawal denial
Aggressive sales tactics
67
Complaints
145
Affected
$950K
Reported Loss
Under Investigation
View Full Report
Confirmed Scam

Golden Forex Pro

High Risk

goldenforexpro.com

Claims false regulatory status and freezes accounts when users attempt to withdraw profits.

Reported: 3/10/2024
Unverified

Reported Issues:

Fake regulation claims
High pressure sales
Withdrawal fees
Account freezing
92
Complaints
180
Affected
$1.2M
Reported Loss
Active Scam
View Full Report
Confirmed Scam

Instant Wealth FX

Very High Risk

instantwealthfx.biz

Promotes get-rich-quick schemes with fake testimonials. Website frequently goes offline to avoid authorities.

Reported: 2/20/2024
Offshore

Reported Issues:

Get-rich-quick scheme
Fake testimonials
No customer support
Website disappeared
134
Complaints
420
Affected
$3.1M
Reported Loss
Confirmed Scam
View Full Report
Confirmed Scam

Mega Profits Trading

High Risk

megaprofitstrading.net

Uses bonus traps to prevent withdrawals and manipulates slippage to cause losses. Claims fake industry awards.

Reported: 3/5/2024
Unknown

Reported Issues:

Bonus trap
Hidden fees
Slippage manipulation
Fake awards
78
Complaints
125
Affected
$800K
Reported Loss
Active Scam
View Full Report
Confirmed Scam

Stay Protected

Always verify a broker's regulation status before depositing funds. Only trade with brokers regulated by reputable authorities like FCA, CySEC, ASIC, or CFTC.