Captatrade
2026
Reader-reported complaint
Reported firsthand to Forex Broker Checker as a fraudulent operator (deposit accepted, withdrawal blocked). No public authorization found on FCA, CySEC, ASIC, BaFin, CONSOB or CFTC registers at time of writing.
My Forex Funds (Traders Global)
2023
Flagged by CFTC
CFTC charged the operator with fraudulently soliciting over $300M from 135,000+ customers; case later dismissed on procedural grounds (May 2025).
Lions of Forex
2025
Flagged by CFTC
Federal court ordered the firm and owner to pay $685,000 for off-exchange foreign currency fraud (Jan 2025).
EmpiresX
2024
Flagged by CFTC
$128M judgment against operators Pope & Bishop for a fraudulent forex/crypto investment scheme affecting 12,500+ victims.
Ichioka Ventures
2024
Flagged by CFTC / DOJ
Court ordered William Koo Ichioka to pay over $36M for a forex and digital-asset fraud scheme.
AFX Capital
2020+
Flagged by FCA / CySEC
Licenses suspended/withdrawn by FCA and CySEC; firm placed in special administration with reported deficit in client funds.
Olsson Capital
2023
Flagged by FCA / BaFin
Flagged by both FCA and BaFin for operating without authorization; BaFin issued a cease-and-desist on unauthorized proprietary trading.
Nova Trade Core
2025
Flagged by CySEC / CONSOB
Listed as unlicensed by CySEC and blacklisted by CONSOB; no matching license in major regulator databases.
FX FLAT BANK
2025
Flagged by CONSOB / BaFin
Added to CONSOB blacklist; BaFin confirmed the site offers banking/financial services without required authorization.
Trade360
2023
Flagged by ASIC / CySEC
Renounced regulatory licenses and ceased operating as an investment firm after a series of regulatory issues and ASIC scrutiny.
AffluenceFX
2024
Flagged by FCA
On FCA warning list; flagged for false profit claims and operating without UK authorization.
FortressFXCapital
2024
Flagged by FCA
FCA warning-listed as an unauthorized firm; no top-tier regulatory oversight despite marketing claims.
NRG Binary
Historical
Flagged by FPA / multi-reg.
Three ForexPeaceArmy Traders Court guilty votes and a 'Scam' label; multiple regulator warnings against the binary/forex operator.
UFX (Reliantco Investments)
2020–2024
Flagged by CySEC / FCA / OSC
CySEC revoked Reliantco's license in Nov 2024 after the firm wound down; FCA issued a UK warning in 2020; Ontario Securities Commission added UFX to its alert list.
Capitalix
2025
Flagged by CMF Chile / Zurich Police
Added to Chile's CMF blacklist (Jun 2025) as an unregistered entity; flagged by Zurich Cantonal Police (Switzerland); only an offshore Seychelles license.
InvestMarkets
2023+
Flagged by FSCA (South Africa)
FSCA warned the public it is not authorized to provide financial services; heavy complaint volume on Sitejabber (1.8★) and Trustpilot citing blocked withdrawals.
XCM Markets
2023+
Flagged by UAE SCA
Operates from SVG without authorization; received an official warning from the UAE's Securities and Commodities Authority; WikiFX score 1.14/10.
Evest
2024
Flagged by FCA
FCA issued a warning on 17 Apr 2024 that EVEST FINANCE may be providing financial services in the UK without authorization; widespread withdrawal-blocking complaints.
Thabat Capital
2024+
Flagged by Consumer complaints (Arabic)
Not licensed by any major financial regulator; flagged by Arabic-language consumer review platforms for manipulated quotes and recommendations designed to generate client losses.