⚠️ Scam Forex Brokers to Avoid

Protect yourself from fraudulent forex brokers and trading scams. This comprehensive list contains brokers with confirmed reports of scam activities, withdrawal issues, and regulatory violations.

Confirmed Scam Brokers

These brokers have been reported for fraudulent activities and should be avoided at all costs

HIGH RISK SCAM

FTUK

1.2/5 (234 complaints)
  • ❌ Multiple withdrawal denials
  • ❌ Unregulated entity
  • ❌ Fake trading platform
  • ❌ Aggressive phone marketing
  • ❌ No customer support
Unregulated Withdrawal Issues
Read Full Warning
HIGH RISK SCAM

Doo Prime

1.0/5 (189 complaints)
  • ❌ Funds frozen without notice
  • ❌ Fake regulation claims
  • ❌ Manipulated trading results
  • ❌ Account closure without reason
  • ❌ Poor platform execution
Fake Regulation Frozen Funds
Read Full Warning
PROP FIRM SCAM

FundingPips

1.8/5 (156 complaints)
  • ❌ Prop trading challenge scam
  • ❌ Unrealistic profit targets
  • ❌ No actual payouts
  • ❌ Terms change mid-challenge
  • ❌ Misleading marketing
Prop Scam No Payouts
Read Full Warning
PROP FIRM SCAM

Funder Pro

1.3/5 (98 complaints)
  • ❌ Rigged challenge parameters
  • ❌ No successful payouts reported
  • ❌ Fake testimonials
  • ❌ Hidden rule violations
  • ❌ Aggressive sales tactics
Rigged Challenges Fake Reviews
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SCAM ALERT

OspreyFX

1.5/5 (127 complaints)
  • ❌ Withdrawal restrictions
  • ❌ Questionable regulation status
  • ❌ High commission fees
  • ❌ Platform manipulation
  • ❌ Poor customer service
Withdrawal Issues High Fees
Read Full Warning
SCAM ALERT

EasyEquities

1.7/5 (89 complaints)
  • ❌ Sudden account freezing
  • ❌ Poor order execution
  • ❌ Limited customer support
  • ❌ Withdrawal processing delays
  • ❌ Platform technical issues
Account Freezing Poor Execution
Read Full Warning
SCAM ALERT

OFP

1.1/5 (76 complaints)
  • ❌ Fake trading platform
  • ❌ No regulation
  • ❌ Withdrawal denials
  • ❌ Manipulated prices
  • ❌ Identity theft reports
Identity Theft Fake Platform
Read Full Warning
SCAM ALERT

Errante

1.6/5 (94 complaints)
  • ❌ Withdrawal processing issues
  • ❌ Hidden trading costs
  • ❌ Poor platform stability
  • ❌ Misleading bonus terms
  • ❌ Unresponsive support
Hidden Costs Platform Issues
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SCAM ALERT

Trive

1.4/5 (67 complaints)
  • ❌ Account manipulation
  • ❌ False advertising
  • ❌ Withdrawal delays
  • ❌ Spread manipulation
  • ❌ Poor regulation
Account Manipulation False Ads
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HIGH RISK

Anzo Capital

2.1/5 (58 complaints)
  • ❌ Questionable practices
  • ❌ Withdrawal issues
  • ❌ Poor customer service
  • ❌ Platform problems
  • ❌ Regulatory concerns
High Risk Withdrawal Issues
Read Full Warning
HIGH RISK

Mitrade

2.3/5 (45 complaints)
  • ❌ Spread widening during news
  • ❌ Account closure issues
  • ❌ Poor execution quality
  • ❌ Limited customer support
  • ❌ Withdrawal complications
Execution Issues Poor Support
Read Full Warning

How to Protect Yourself from Forex Scams

Essential tips to identify and avoid fraudulent forex brokers

Verify Regulation

Always check if the broker is regulated by reputable authorities like FCA, ASIC, CySEC, or CFTC.

Read Reviews

Research independent reviews and check multiple sources before making any deposits.

Avoid Cold Calls

Legitimate brokers don't make unsolicited phone calls. Be wary of high-pressure sales tactics.

Test Withdrawals

Start with small amounts and test the withdrawal process before making larger deposits.

Report a Scam Broker

Have you been scammed by a forex broker? Help protect other traders by reporting your experience.

Report Scam Broker