Introduction to TradersWay TradersWay presents itself as a forex and CFD broker that provides very high-leverage, flexible trading conditions. In addition to claiming to support some of the most known trading, platforms such as MetaTrader and cTrader, there are serious, troubling issues with what is now being dubbed a scam. Complaints from users not only indicate that TradersWay is becoming increasingly unavailable to trust as well as suggest...
Summary: Pulse Trade describes itself as an advanced trading platform with modern technology, experienced traders, and up-to-the-minute market intelligence. However, after some investigation, there are serious concerns about its legitimacy. It is not regulated by the Cyprus financial regulator (CySEC), and the FSMA posted a warning against it. Furthermore, there is no verifiable office, unknown ownership, or any investor protection. Pulse Trade...
Summary: Due to numerous scam alerts and warnings from regulatory bodies, Spotcoinasset (spotcoinasset.com) has raised several red flags. The UK's Financial Conduct Authority (FCA) warned on May 30, 2025, that Spotcoinasset might be providing financial services without the required authorization. The FCA made it clear that the public should stay wary of potential scams and refrain from doing business with this company. Concerns are heightened...
Summary: For investors, Trendscentre raises several concerns. Both the UK's Financial Conduct Authority (FCA) and the Ontario Securities Commission (OSC) have issued warnings to it. One of the many unfavorable reviews on Trustpilot reads, "This trading platform is a scam." I believed them when they said they were knowledgeable about a hundred different trading strategies. Due to dubious activities and unstated fees, I lost all of my...
Overview Seven Capitals presents itself as a high-end gold trading broker and claims to be based in Dubai while operating under the name Seven Capitals Holding LLC and having its registered office in Mauritius. The broker has a neat website and seems to focus predominantly on trading commodities, and gold specifically, but there are a number of red flags that should raise alarm bells about the company's legitimacy and regulatory status....
Summary: A warning issued by the FCA on June 9, 2025, has caused serious concerns for Yalix Trader (yalix-trader.net). The FCA advised the public to stay away from the platform, explicitly stating that "This firm may be providing or promoting financial services or products without our permission." The lack of basic contact information from Yalix Trader, like an address or phone number, heightens suspicion. Furthermore, the template of its...
Summary: Following a warning from the Financial Conduct Authority (FCA) on June 9, 2025, Trade MaxAir (trade-maxair.net) has raised several concerns. The FCA advised users to stay away from any interaction, explicitly stating that "This firm may be providing or promoting financial services or products without our permission." The legitimacy of the platform is seriously questioned in light of such regulatory alerts. Furthermore, Trade MaxAir's...
Summary: SimplifiedFX raises serious red flags as an active, unregulated broker claiming to have served clients since 2016. Despite its professional branding, it operates without a valid financial license and is blacklisted by the FCA, indicating a high-risk trading environment. The platform is available through simplifiedfx.live, allegedly offers trading in Forex, crypto, stocks, and more, yet lacks transparency in key areas like leverage and...
Overview Angel Markets is an investment platform, which has been advertised as a highly profitable investment platform with high guarantee returns. Nothing could be further from the truth. There have been very severe complaints where accounts became frozen, money disappeared, or the customer care did not respond. This review brings out the major red flags and scam tactics put in place by Angel Markets to deceive unsuspecting investors....
The forex and CFD broker LiteFinance, earlier known as LiteForex, makes the claim that it provides ECN trading accounts with fast execution and competitive spreads. Many traders who have used this platform, however, have a different story to tell, one that raises serious questions about the broker's legitimacy. Website: https://www.litefinance.org/ Website Availability: Yes Headquarters Country: Euro House, Richmond Hill Road, P.O. Box...
