IFSL group is a virtually anonymous forex broker as it has not mentioned anywhere on its official website the name of its parent company or where it is based. The only thing they have mentioned in their terms and conditions section is a MiFID directive, which shows that they are operating in the UK or EU area.
Scam Brokers
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Auu Global – Can You Trust Them?
Last updated: January 12, 2021, 3:47 am Scam BrokersRegulation is an extremely important factor for an authentic forex broker. Trading activities in the forex market involve high risk because of two main dangerous factors associated with the forex industry:
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BRS Futures – Are They Trustworthy?
Last updated: January 8, 2021, 12:32 pm Scam BrokersIt is mentioned in the footer of the broker’s website that the website is owned and operated by BRS Futures Ltd – a company that is based in the UK and is listed in the FCA’s database as a regulated firm.
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Invefx – Are They Worth Investing At?
Last updated: January 1, 2021, 2:40 am Scam BrokersThe trading conditions though weren’t stipulated on the website. So, we can’t discuss the margin requirements for each account as well as the spreads and leverage ratios.
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Neural 4X– Is It Secure enough to be Trusted?
Last updated: December 29, 2020, 6:02 am Scam BrokersNeural 4X is a forex broker who is operating with a complex regulatory status. It does not hold a license of the country from where it is operating “the Bermuda country”. However, a connection was found between Neural4X and Notesco UK limited to a company registered in the UK’s FCA database.
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ExceedFX – Are They Trustworthy?
Last updated: December 29, 2020, 3:27 am Scam BrokersThe official website of the ExceedFX reveals that Marshal Islands is the location where this broker resides and is owned and operated by a Marshal Islands-based offshore company named Dias Capital Inc.
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XGlobalMarket – Are They Trustworthy?
Last updated: December 28, 2020, 8:23 am Scam BrokersUpon researching the official website of the XGlobalMarket, you will come to know that this broker is no more than an unregulated entity because there is no indication that the broker is holding a legit license from any regulatory authority.
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SmartFX – Are They Secure Enough to Trade With?
Last updated: December 28, 2020, 8:08 am Scam BrokersThe website of SmartFX does not state any details related to the trading conditions such as spread levels. There is only mentioned an unfulfilling spread value of 3 pips in the demo account for the EUR/USD currency pair.
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Stock Trading Capital – Are They Safe?
Last updated: December 26, 2020, 5:39 am Scam BrokersStock trading capital is a dubious broker who falsely claims to be licensed in Malaysia, Hong Kong, and St. Vincent, and Grenadines. If you notice out of these three countries, St. Vincent and Grenadines is an offshore area, which does not regulate the forex market.
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Tradeditional – Can You Trust Them?
Last updated: December 23, 2020, 12:16 am Scam BrokersThe only thing that you will be able to find out about Tradeditional on its official website is an address of Zurich, Switzerland. Apart from this, there is not any parent company name mentioned nor any registration number or other details related to the regulatory status of this broker.