Scam Broker

The best way to avoid investment scams is to take your time. Don't rush your decisions - and make sure to assess all the pros and cons first. Finding a reliable forex broker is not an easy task, but you will benefit in the long run from investing your time. The first step you should take when you come across a Forex broker or agency is to google their business name.

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Look for customer reviews on reputable websites. If there are none or they are sound fake, you should stay away from that service provider. Additionally, you can browse through scam reviews and see if a Forex broker is as reliable as claimed. Also, make sure to find out if there are any outstanding legal actions against the broker.

Here is the list of Scam brokers

IronFx (2010)

Maximum Leverage: up to 1:1000
Minimum Deposit: from 100 USD
Spreads:   High
Trading Platform: Web, MetaTrader 4
Funding methods:

InstaForex (2007)

Maximum Leverage: up to 1:1000
Minimum Deposit: from 10 USD
Spreads:   High
Trading Platform: Web, MetaTrader 4, Binary Platform
Funding methods:

Admiral Markets Group (2001)

Maximum Leverage: up to 1:500
Minimum Deposit: from 200 USD
Spreads:   High
Trading Platform: Web, MetaTrader 4, MetaTrader 5
Funding methods:

MTrading (2014)

Maximum Leverage: up to 1:1000
Minimum Deposit: from 100 USD
Spreads:   High
Trading Platform: Web, MetaTrader 4
Funding methods:

UFX Markets (2007)

Maximum Leverage: up to 1:400
Minimum Deposit: from 100 USD
Spreads:   High
Trading Platform: Web, MetaTrader 5, Specific, Social Platform
Funding methods:

Exness (2008)

Maximum Leverage: up to 1:2000 (1:30 for EU clients)
Minimum Deposit: from 1 USD
Spreads:   High
Trading Platform: Web, MetaTrader 4, MetaTrader 5
Funding methods:

AAFX (2015)

Maximum Leverage: up to 1:2000
Minimum Deposit: from 100 USD
Spreads:   High
Trading Platform: Web, MetaTrader 4, MetaTrader 5
Funding methods:

FXTM (2011)

Maximum Leverage: up to 1:1000 (1:30 for EU and some non-EU clients)
Minimum Deposit: from 10 USD
Spreads:   High
Trading Platform: Web, MetaTrader 4, MetaTrader 5
Funding methods:

FOREX4You (2007)

Maximum Leverage: up to 1:1000
Minimum Deposit: from 1 USD
Spreads:   High
Trading Platform: Web, MetaTrader 4, Specific
Funding methods: