Brokers to Avoid

At Proupshot, we provide all kinds of services, guidance, and utilities to be given to those affected by online investment crimes, such as crypto scams, investment fraud, or even broker disputes.

Online investing has been gaining popularity over the last few years, but as the popularity of online platforms grew, the risks of scams and fake brokers also increased. Most of the victims get duped by these scams due to a lack of knowledge regarding the warning signs and red flags. That’s where Proupshot steps in – we work around the clock to make sure investors are made aware, safeguarded, and guided during the recovery process.

Although there are many honest brokers in the business, there are also as many that are dishonest. These brokers manipulate traders by making false promises of high returns and providing enticing trading platforms. However, once the money is deposited, these brokers make it impossible or hard for investors to withdraw their funds.

Traders need to take care and thoroughly investigate each broker before choosing one. Our list provides details on brokers that have been identified for suspicious trading activities or have been reported for a fraudulent practice, saving investors from losses.

The list of brokers to avoid has been compiled after thorough investigations, reports by the victims, and collaborative measures taken with regulatory bodies. All brokers listed are high risk and might result in financial loss, so do avoid dealing with them. To protect your money, you should take quick action if you think a broker has defrauded you.

The brokers listed below have been identified as involved in unethical or scamming practices; if you are dealing with any of these, you are advised to seriously reconsider that. Seek legal advice. We are happy to assist you in reporting these brokers to the authorities and possibly recovering your funds.

List of Scam Brokers