Scam Brokers

Gradefex offers the following trading account types: Standard Trading Account, Robot Trading Account and Social Trading Account.

Trading with this broker has no advantages whatsoever. Please read the rest of our review to understand why.

The broker has not provided any information about the trading conditions set by them. There is nothing related to the spreads, the leverage ratios, commissions or fees on this broker’s website.

Belfast Capital Group offers its clients three different types of trading accounts: Beginner, Trader and Professional. Besides the names of the accounts, we do not know the minimum required deposits for these accounts.

The broker claims that their spreads start from 0 pips, however, when we checked their demo account, we found out that the EURUSD spreads actually were at 3 pips. The leverage ratio offered by this broker is at a maximum of 1:200.

The one good thing about trading with this broker is that they offer support for the MetaTrader 4 trading platform. The MT4 software is the most popular on the planet, with more than 80% of all brokers and traders using this platform.

The spreads offered by BlackStone500 are quite favorable for traders, so this is a definite positive. Just for your information, the market standard offering of spreads ranges from 0.5 pips to 1.5 pips. So, the 1.3 pips offered by this broker is quite good.

Interactive Trade states that it offers three different types of trading accounts – Silver, Gold and Platinum. It also offers Islamic options for these account types. However, the broker does not give any information on what their minimum deposit requirements are.

Pibexa claims to be registered in St. Vincent and the Grenadines as well as in Scotland, UK. Now, SVG is an offshore location, and its government has made it clear that they do not offer regulatory oversight for forex companies.

Website URL: www.brightfinance.co Founded: 2020 Regulations: Unlicensed Languages: English, Arabic, German, Spanish, French, Italian, Polish, Chinese Deposit Methods: Bank Transfers, VLoad, PraxisCashier Minimum Deposit:…