Fraudulent brokers are any illegitimate entities used to deceive traders into fraud or malicious attacks. Scammers work in a wide variety of ways, from claiming false strict regulation, fast and convenient withdrawal to other deceptive formats to give the impression of legitimacy. The end goal is almost always the same - scam your money.
Understanding exactly who are illegal and unregulated brokers and how to avoid dealing with them is an essential part of protecting your money. Therefore, BrokersView sets up "Scam" to facilitate public understanding of unlicensed brokers. After our exposure, fraudulent forex brokers have accelerated to close their websites. Recently, we found 12 unlicensed brokers are no longer to be available to everyone now. Here is the list:
1. IPCForex.com
Website: https://www.ipcforex.com/
2. HCWH
Website: https://www.hcwhm.com/
3. Ultra Global FX
Website: https://ultraglobalfx.com/
4. CapitalFx Club
Website: https://capitalfxclub.com
5. DTNET
Website: https://dtnet3650.com/
6. LotsFX
Website: https://www.lotsfx.com
7. KenkeFX
Website: https://kenkefx.com/
8. DECFIN
Website: https://decfin.io
9. Prime Option
Website: https://www.prime-option.net/
10. FIRST NOTCH TRADING
Website: https://firstnotchtrading.com/
11. IronTrade
Website: http://www.irontrade.com
12. DirecTrader
Website: https://www.directrader.com/
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