GENERAL RANKINGS – 5 FX SCAM BROKERS ON AUGUST 2022 BY WIKIFX

Check the scammers list by WikiFX App

There are a lot of scam brokers in the forex market. It is hard for us to verify them by ourselves. WikiFX offers you a visual way to see the scammers list. But how to do that？

First of all, download the WikiFX App

On WikiFX App, click the “Scams” button.

Then switch to the “Frauds” category.

Scam Brokers List

FVP Trade

Topping the Scam broker list this month is FVP Trade. As we know so far, FVP Trade has recently caught so many people‘s attention. WikiFX has exposed the cases of FVP Trade’s freezing funds. And we believe that it is a scam broker getting involved in a Ponzi Scheme. WikiFX has given this broker a low score of 1.80/10. If you want to know more about this broker, you can check this link. https://www.wikifx.com/en/newsdetail/202207299924230394.html

Bold Prime

Bold Prime is an offshore broker that opened on March 1st, 2021, registered in Saint Vincent and the Grenadines (SVG). Tradable instruments available on the Bold Prime platform include forex currency pairs, commodities, indices, and stocks. There are too many traders complaints against this broker. Therefore, WikiFX has given this broker a low score of 1.73/10.

BKYHYO

Launched in 2020, BKYHYO LTD is an online forex broker registered in the United Kingdom, offering its clients access to the worlds most trading platform-MT4, a wide range of trading instruments, leverage up to 1:500. WikiFX has given this broker a low score of 1.27/10.

VOREX

VOREX is said to be established in Georgia in 2008, offerings its clients access to a series of financial markets, including Global Stocks, Cryptocurrency, Commodity Futures, Foreign Exchange. VOREX provides its trading services with clients ranging from seasoned and novices to fund managers and institutional clients. WikiFX has given this broker a rating of 1.06/10.

Lilium

Accroding to WikiFX, Lilium is online forex broker getting involved in a Ponzi Scheme. It is claimed itself to be regulated in the UK, but we find out that the regulatory status of this broker is Unauthorized.