Forex Scam Broker Alerts
Protect your investments by avoiding these fraudulent brokers. Our research team has identified these scam operations.
Important Safety Warning
Never deposit funds with unregulated brokers. Always verify regulation status and read multiple reviews before choosing a forex broker.
Known Scam Brokers
These brokers have been flagged for fraudulent activities including withdrawal problems, manipulated trading, and fund theft.
MH Markets
WARNING: MH Markets has been flagged for fraudulent activities and withdrawal issues.
YCM-Invest
SCAM ALERT: Multiple reports of YCM-Invest refusing withdrawals and manipulating trades.
FXCM
SCAM WARNING: This FXCM clone is not the legitimate broker. Reports of fund theft and manipulation.
DLSM
FRAUD ALERT: DLSM is a confirmed scam operation with no real trading services.
IUX
SCAM BROKER: IUX has multiple reports of withdrawal denials and account manipulation.
Rock-West
SCAM WARNING: Rock-West is operating without regulation and stealing client funds.
Taurex
FRAUD ALERT: Taurex is a confirmed scam with fake trading and stolen deposits.
TMGM
EXTREME SCAM: TMGM clone operation designed to steal maximum funds from victims.
How to Identify Forex Scams
Learn the warning signs to protect yourself from fraudulent brokers.
No Regulation
Legitimate brokers are regulated by recognized authorities. Avoid brokers with no regulatory oversight or fake regulation claims.
Unrealistic Promises
Be wary of brokers promising guaranteed profits, risk-free trading, or unrealistic returns. Trading always involves risk.
Withdrawal Problems
Scam brokers often make it difficult or impossible to withdraw funds. Research withdrawal policies and user experiences.
Aggressive Marketing
Scammers often use high-pressure sales tactics, cold calls, and spam emails to attract victims.
Poor Communication
Scam brokers typically have poor customer support, unprofessional websites, and limited contact information.
Fake Reviews
Many scam brokers use fake testimonials and reviews. Always check multiple independent review sources.
Report a Scam Broker
Help protect other traders by reporting fraudulent brokers. Your information helps us maintain this database.
If you have been a victim of forex fraud or have information about a scam broker, please contact us. We investigate all reports and add verified scams to our database.