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List of brokers banned by forex-fraud

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Below you’ll find our current list of NOT trusted brokers.

  • Trade24- NEW WARNING!!! 22 Sep 2016
  • Joe Lewis Trading (JLTrading.com): Although there have been no recent charges levied against Joe Lewis Trading. (also known as joelewis-trading.com, JLTrading.com and Lon-ist investment managers) we at ForexFraud.com feel there are enough earmarks that they may not be a secure and trustworthy broker. As such, we strongly caution against investing with Joe Lewis Trading at this time.
  • Peregrine Financial Group
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  • 3 years later...
  • 4 months later...

Emotion can cause great problem in trading. Because taking decision emotionally can lead the trade into the loss. Technical decision is far better than emotional decision. I don't give importance to emotion while I trade. My broker Forex4you is also help me to take decision technically. It prevents me from taking decision emotionally. I like them because of their low spreads, dynamic leverage and easy decision making tools.

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Now there are more and more unreliable brokers, unfortunately. For quite some time I have been using a broker from Amarkets for work, and so far I consider this option to be the most profitable.

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You all are praising a very old post - just saying. Sure it's useful to know about and avoid untrustworthy brokers but this list was posted a long time ago and there are probably different entities to keep an eye out for currently.

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  • 2 weeks later...

I am not sure about this list but yes many countries are having banned on FOREX Broker, some of them are

  • India – Restrictions on the way Indian citizens are allowed to trade in the Forex markets are being regulated by Securities and Exchange Board of India (SEBI)
  • Belgium.
  • North Korea.
  • Malaysia.
  • France.
  • Bosnia Herzegovina. etc.
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