In this world of forex trading, where money moves fast, there are some people looking to scam with others out of their hard earned cash. As you know you forex market is full of scammers their are a lot of scammer brokers who scam with the people on the name of forex. But don’t worry I am going to expose all of them. Today in this I will share forex scammer list. I will share almost 200+ list of scammer brokers. I tested them and also read a lot reviews of them on internet. So I make a list of these brokers which are doing scam. So i don’t want to waste your time let’s move on the topic of 200 forex scammer list.
A. What Are Forex Scammers?
In simple terms, forex scammers are people who try to trick others involved in foreign exchange trading. They use dishonest methods to deceive investors and take their money. These scammers can promise big profits, create fake trading websites, or give bad advice to make people lose money. It’s like someone pretending to be your friend but actually trying to take your hard-earned money in the world of forex trading. Being aware of their tricks and staying cautious can help you avoid falling victim to these scams.
II. What are the different types of scams in the forex world?
A. Ponzi Schemes: Tricking with Promises Some scams promise you’ll make a lot of money fast, but they actually use money from new people to pay the older ones. It’s like building a tower with cards – it looks good for a while, but eventually, it all falls apart.
B. Fake Investment Platforms: Here Today, Gone Tomorrow Scammers make fake trading websites that look real. Once they get your money, they vanish. It’s like a magician making something appear and then making it disappear.
C. Signal Seller Scams: Bad Advice Some scammers give you wrong advice about trading, which leads to losing money. It’s like getting directions from someone who doesn’t know the way – you end up lost.
D. Phishing and Identity Theft: Cyber Tricks Bad people use emails to fool you into sharing personal information, such as passwords. They use this info to get into your trading accounts. It’s like someone pretending to be your friend to get your secrets.
III. How do forex scammers employ tricks to deceive people?
A. Promising Big Profits Scammers say you’ll get a ton of money really fast. But most of the time, it’s just a trick – things that seem too good to be true usually are.
B. Tricky Marketing Scammers try to make you feel a certain way to get you to do something without thinking. It’s like someone playing with your feelings to make you do things you wouldn’t normally do.
C. Pretending to be Trustworthy Brokers Some scammers act like they’re good and trustworthy brokers to make you trust them. But be careful because they’re just pretending to be your friends to take advantage of you.
IV. What methods can be employed to recognize and steer clear of forex scams?
A. Signs Something’s Wrong Know the signs that something might not be right, like when someone promises you’ll make a lot of money for sure. If it sounds too good to be true, it probably is.
B. Do Your Research Before jumping in, check what others say. Look at reviews and make sure the broker is playing by the rules. It’s like checking if a restaurant has good reviews before deciding to eat there.
C. Making Sure They Follow the Rules Legit brokers follow certain rules to keep you safe. Make sure the broker you’re considering is doing things the right way. It’s like making sure a game is played by the rules to make it fair for everyone.
Forex Scammer List Updated For 2024
So here the Forex Scammer List of those brokers who are doing scam in the market. And do not trust on these scammer brokers at any cost. I will update this Forex Scammer List time by time. And you can bookmark this page to stay tuned.
| Broker | Name | Reason | Action |
| www.npbfx.com | NPBFX | Offshore license | [Read Complete Review Here] |
| www.airfx.co | Air FX | Offshore license | [Read Complete Review Here] |
| www.gofx.com | GOFX | Offshore | [Read Complete Review Here] |
| www.herofx.co | HeroFX | No license | [Read Complete Review Here] |
| amega.finance | Amega | Offshore license | [Read Complete Review Here] |
| www.athensmarkets.co | Athens Markets | No license | [Read Complete Review Here] |
| www.dominionmarkets.com | Dominion Markets | Offshore | [Read Complete Review Here] |
| www.arongroups.co | Aron Groups | Offshore | [Read Complete Review Here] |
| www.1primeoptions.com | 1PrimeOptions | Offshore | [Read Complete Review Here] |
| www.opofinance.com | Opofinance | Offshore | [Read Complete Review Here] |
| www.tnfx.co | TNFX | Offshore | [Read Complete Review Here] |
| www.td365.com | TD365 | Offshore | [Read Complete Review Here] |
| www.evest.com | Evest | Offshore | [Read Complete Review Here] |
| www.iqcent.com | IQCent | Offshore | [Read Complete Review Here] |
| www.kot4x.com | Kot4X | Offshore | [Read Complete Review Here] |
| www.hankotrade.com | HankoTrade | Offshore | [Read Complete Review Here] |
| www.qxbroker.com | Quotex | Offshore | [Read Complete Review Here] |
| www.coinexx.com | Coinexx | No Regulation | [Read Complete Review Here] |
| www.eaglefx.com | EagleFX | Offshore license | [Read Complete Review Here] |
| www.miltonmarkets.com | Milton Markets | Offshore | [Read Complete Review Here] |
| www.ecn.broker | ECN Broker | Offshore | [Read Complete Review Here] |
| www.clicktrades.com | ClickTrades | Offshore | [Read Complete Review Here] |
| www.t4trade.com | T4Trade | Offshore | [Read Complete Review Here] |
| www.ospreyfx.com | OspreyFX | Offshore | [Read Complete Review Here] |
| www.capitalix.com | Capitalix | Offshore license | [Read Complete Review Here] |
| www.mtrading.com | MTrading | Offshore license | [Read Complete Review Here] |
| www.zebra-finance.com | Zebra Finance | No license | [Read Complete Review Here] |
| www.argonfinancial.com | Argon Financial | Offshore License/ No license | [Read Complete Review Here] |
| www.swisscapital.ae | Swiss Capital | No license | [Read Complete Review Here] |
| www.coin-royal.com | COIN-ROYAL | Offshore | [Read Complete Review Here] |
| www.alphatradinghub.com | Alpha Trading Hub | Offshore | [Read Complete Review Here] |
| www.katoprime.com | Kato Prime | Offshore | [Read Complete Review Here] |
| www.fnxmrktinc.com | Forex Market Income | No license | [Read Complete Review Here] |
| www.lcm-fx.com | LCMFX | Offshore | [Read Complete Review Here] |
| www.tenkofx.com | Tenko FX | Offshore | [Read Complete Review Here] |
| www.tpglobalfx.com | TP Global FX | Offshore | [Read Complete Review Here] |
| www.gemliteassetsltd.net | Gemliteassetsltd | Unregulated | [Read Complete Review Here] |
| www.gemforexglobal.com | GemForex | Offshore | [Read Complete Review Here] |
| www.cdgglobalfx.com | CDG Global | Offshore | [Read Complete Review Here] |
| www.konohafx.io | KonohaFX | No license | [Read Complete Review Here] |
| www.tradefx24.net | Tradefx24 | Offshore License | [Read Complete Review Here] |
| www.fullertonmarkets.com | Fullerton Markets | Offshore License | [Read Complete Review Here] |
| www.eternalwealthfx.com | Eternal Wealth Group | No license | [Read Complete Review Here] |
| Broker | Name | Reason | Action |
| www.by-trading.com | By Trading | No License | [Read Complete Review Here] |
| www.gfcinvestment.com | GFCInvestment | Offshore license | [Read Complete Review Here] |
| www.oceanmarkets.org | Ocean Markets | Offshore License | [Read Complete Review Here] |
| www.onelife.com | OneLife | Offshore License | [Read Complete Review Here] |
| www.eufxinvest.com | Europe Forex Invest | Offshore License | [Read Complete Review Here] |
| www.forexbirds.com | Forex Birds | Offshore License | [Read Complete Review Here] |
| www.blackstone500.com | Blackstone500 | No License | [Read Complete Review Here] |
| www.capoinvestgroup.co.uk | Capoinvest | No License | [Read Complete Review Here] |
| www.royalgtx.com | Royal GTX | No license | [Read Complete Review Here] |
| www.the-premium-brokers.net | Premium Brokers | Offshore License | [Read Complete Review Here] |
| www.uptos.net | Uptos | Offshore License | [Read Complete Review Here] |
| www.starkmarkets.com | StarkMarkets | No License. Negative Reputation | [Read Complete Review Here] |
| www.fxoptiontrade247.com | Fx Option Trade247 | No License. Clone Firm | [Read Complete Review Here] |
| www.traderking.io | TraderKing | Offshore License | [Read Complete Review Here] |
| www.amarkets.com | AMarkets | Offshore License | [Read Complete Review Here] |
| www.lionsfm.com | LionsFM | Offshore License | [Read Complete Review Here] |
| www.wdcmarkets.com | WDC Markets | No License | [Read Complete Review Here] |
| www.royaltd24.net | Royaltd24 | Offshore License | [Read Complete Review Here] |
| www.royalsfx.co | RoyalsFX | No License | [Read Complete Review Here] |
| www.spectre.ai | Spectre | Offshore License | [Read Complete Review Here] |
| www.concept4x.com | Concept4X | Offshore License | [Read Complete Review Here] |
| www.fxfixed.com | FxFixed | No License | [Read Complete Review Here] |
| www.finmaxbo.com | FINMAX | No License | [Read Complete Review Here] |
| www.videforex.com | Videforex | Offshore License | [Read Complete Review Here] |
| www.metafinancetrade.com | MetaFinanceTrade | No License | [Read Complete Review Here] |
| www.capitalgmafx.com | Capital GMA | No license | [Read Complete Review Here] |
| www.finq.com | Finq | Offshore License | [Read Complete Review Here] |
| www.smartfx.com | SmartFX | Offshore License | [Read Complete Review Here] |
| www.aagmarkets.com | AAG Markets | Offshore License | [Read Complete Review Here] |
| www.cvcmarkets.com | CVC Markets | Offshore License | [Read Complete Review Here] |
| www.justproforex.com | JustProForex | Offshore License | [Read Complete Review Here] |
| www.goldenskycapital.com | GoldenSkyCapital | Offshore License | [Read Complete Review Here] |
| www.swissquotes.de | Swissquotes | No License | [Read Complete Review Here] |
| www.uniglobemarkets.com | Uniglobe Markets | Offshore License | [Read Complete Review Here] |
| www.cobracfd.biz | CobraCFD | Offshore license | [Read Complete Review Here] |
| www.elitetrading.co | Elite Trading | No license | [Read Complete Review Here] |
| www.arumtrade.com | Arum Trade | Offshore License | [Read Complete Review Here] |
| www.fxprime.io | FXprime | Offshore License | [Read Complete Review Here] |
| www.anytrades.com | AnyTrades | Offshore License | [Read Complete Review Here] |
| www.fxnextgen.com | FX NextGen | Offshore license | [Read Complete Review Here] |
| www.caliburcapital.net | Calibur | No license | [Read Complete Review Here] |
| www.titanfx.com | Titan FX | Offshore License | [Read Complete Review Here] |
| www.ftefxpro.com | FTE FX | Offshore License | [Read Complete Review Here] |
| www.primexbt.com | PrimeXBT | Offshore License | [Read Complete Review Here] |
| www.tradersway.com | TradersWay | Offshore License | [Read Complete Review Here] |
| www.midasglobe.com | MidasGlobe | No License | [Read Complete Review Here] |
| www.kronosinvest.com | Kronosinvest | No license | [Read Complete Review Here] |
| www.binomo.com | Binomo | Offshore license | [Read Complete Review Here] |
| www.circleforex.com | Circleforex | No license | [Read Complete Review Here] |
| www.firstbtcfx.com | First BTC FX | No license | [Read Complete Review Here] |
| www.essencefx.com | EssenceFX | Offshore license | [Read Complete Review Here] |
| www.evisionfx.com | EvisionFX | No license | [Read Complete Review Here] |
| www.rickglobal.com | RickGlobal | Offshore license | [Read Complete Review Here] |
| www.rcmfx.com | RCM FX | Offshore license | [Read Complete Review Here] |
| www.247smartfx.com | 247SmartFx | No license | [Read Complete Review Here] |
| www.traderia.com | Traderia | Offshore license | [Read Complete Review Here] |
| www.fx-options24.com | FX Options24 | No license | [Read Complete Review Here] |
How Forex Scams Affect You
A. Losing Money If you fall for a scam, you not only lose what you invested but may face even more financial problems.
B. Messing with Your Head Being scammed can make you feel stressed and anxious. It can be hard to trust financial markets afterward.
C. Not Trusting the Forex Market Scams make people doubt if the whole market is honest. It affects honest businesses and investors.
Faqs
How do forex scammers trick people?
Scammers use fake promises, play with emotions, and sometimes pretend to be trustworthy brokers.
What can I do to protect myself from forex scams?
Stay informed, do your research, and report any suspicious activity to the authorities.
Do regulators do anything to stop forex scams?
Yes, there are groups that watch over the financial industry and create rules to make it harder for scammers.
How do scams affect investors?
Scams can lead to financial losses, stress, and make people doubt the honesty of the entire market.
Where can I learn about forex trading safely?
Trust reliable sources, like experts and well-known educational platforms, to learn about forex trading.
How do I secure my information from scammers?
Implementing strong security measures and using two-factor authentication can safeguard your personal information from falling into the wrong hands.
What can I do to stay ahead of evolving scam tactics?
Staying informed about the latest scam trends and regularly updating your security measures ensures you are well-prepared to identify and avoid potential threats.