⚠️ Scam Brokers to Avoid
Protect your hard-earned money! These brokers have been reported for fraudulent activities, withdrawal issues, and regulatory violations. Stay away from these platforms.
Important Warning
The brokers listed below have been reported for various fraudulent activities including: withdrawal issues, fund theft, false advertising, market manipulation, and operating without proper regulation. DO NOT deposit any money with these brokers.
5 Reported Scam Brokers
These brokers have been blacklisted due to multiple complaints and regulatory warnings. Click on each card to see detailed information about their fraudulent activities.
FundYourFX
⚠️ SCAM WARNINGMin Deposit: $250
Leverage: 1:500 (Risky)
Spreads: Variable (Often Manipulated)
DT4X Trader
⚠️ SCAM WARNINGMin Deposit: $500
Leverage: 1:1000
Spreads: Very High
cTrader (Scam Version)
⚠️ SCAM WARNINGMin Deposit: $1000
Leverage: 1:2000
Spreads: Manipulated
FundedNext (Scam)
⚠️ SCAM WARNINGMin Deposit: $300
Leverage: 1:500
Spreads: Hidden Fees
Funded Trader (Scam)
⚠️ SCAM WARNINGMin Deposit: $500
Leverage: 1:1000
Spreads: Inflated
How to Identify Scam Brokers
Learn the warning signs to protect yourself from fraudulent brokers
No Regulation
Brokers operating without proper licenses from recognized financial authorities like FCA, ASIC, or CySEC.
Withdrawal Issues
Consistent reports of delayed withdrawals, excessive fees, or complete inability to withdraw funds.
Unrealistic Promises
Guaranteeing profits, promising "risk-free" trading, or advertising impossible returns.
Poor Communication
Unresponsive customer support, no phone contact, or communication only through chat/email.
Aggressive Sales
High-pressure sales tactics, constant calls to deposit more money, or "account managers" pushing risky trades.
Fake Reviews
Suspiciously positive reviews with generic content, or inability to find legitimate third-party reviews.
Encountered a Scam Broker?
Help protect other traders by reporting fraudulent brokers to our database