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Most commonly checked unsafe brokers

Discover the most frequently flagged forex brokers known for issues like scams, withdrawal problems, and regulatory violations.

Bybit

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  • Not regulated by any top-tier financial authority, such as FCA in the UK or ASIC in Australia
  • Listed on FCA warning list since Feb 2021

Quantum Ai Trading

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  • Not regulated by any top-tier financial authority, such as FCA in the UK or ASIC in Australia
  • Listed on Alberta Securities Commission warning list

InstaForex

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  • Avoid InstaForex as it is not regulated by a top-tier regulator.

Finzilo

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  • On January 17, 2025, the Financial Conduct Authority (FCA) issued a warning against Finzilo, believing this company might be providing financial services or products without proper authorization in the UK.

Trade360

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  • Trade360 may be providing financial services or products in the UK without our authorisation. Learn more

PocketOption

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  • Not regulated by any top-tier financial authority, such as FCA in the UK or ASIC in Australia
  • Listed on CNMV warning list since Jun 2023

How can I find the best brokers

  • Ensure the broker is regulated by reputable authorities like FCA, ASIC, or CySEC.
  • Compare Trading Conditions – Evaluate spreads, leverage, commissions, and execution speed.
  • Trusted brokers often receive industry awards for excellence.
How can I find the best brokers

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