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

Bitify

WiniCoin

FASTWIN

Forexdana

F2Hash

Luzuna

Stocket

Aura Funded

Quantum AI

Quotex

2139 Exchange

CboeX

IFC Markets

Dryden Partners

Apex Trading Hub

Canada Bitget Limited

Berniston Investments

Silegx

CoinCapitals

Sway Markets

24K Markets

OspreyFX

Galileo FX

Athens

TCEHK

Exnova

Hugo’s Way

Hero FX

Vital Markets

Tradero

FXSway

Gemforex

KOT4X

Foxane

FxBitCapital

Raceoption

Deltafx

Loboex

Coinexx

Codexfx

Funding Pips

Uptos

IQcent

SurgeTrader

BX Trade

Indoex Exchange 

TradersWay

BotBro

Capital Growth Partners

Meteoretech.ltd

Green trade

Cryptodigitaltrades

El Toro Rico

Iberia-Capital

Blockfinanxechain

Fastexchangeinvesting

RapidMining247

Global Astock Market Trade

Tenadex

Yorker Capital Markets

Titan Capital Markets

OneStepFix

YFX Capital

Seaprimecapitals

FCX Trade

NovaTech

Markets4you

Evogates

RockWest

Smart2returns

AxiTrader

Aument Trade Pro

BitForex

Hankotrade

The 5%ers

CXM

Binance Center AI

Prestige Peak Capital

EmexFunding

FuturawmLtd

QuantumWin

Pulse Trade

RIIMCGroup

XferCapital

Annexa Prime

PipsMasterPro

Torroso

XPO

Billion Bucks Fx

Grow Trade Matrix

Spire Markets

Billion FX

Oubo Capital Group

Crown Global Limited

Global TI World

Stone Milescl

Quality TradesFx

Exploit Trading

247makeprofit

CallistoFX

PU Prime

Monetizeer

Voltrax

Virtus Capital

ProfitsMarketAnalyst

Ziraxia

Brit Capital Inc

RCO Finance

OptionsXpress

Bitzora

Vertisan

Bitfxae

ENTE

Riscoin

Asset Finance

MEXC Global

AIXWALLET

ZypBit

Helius

ECIBN

Regain Capital

Kato Prime

Pocket Option

Ubuntu Invest

AAA Trading

White Forex

GlobTFX

Binolla

MGS Finance

BIMOCEPRIME

AVE Trade

Creststonecapitals

Baseprofunding

MudrexMarkets

Crescital

ByStockIndex

Extream Traders

MORE INVST

GLOBALMINERSFX

Oreventure

OPTIMUM INVEST LTD

MBFX

AGLcapitals

Pointway

Equistak

Ikon Markets

Omnicoin Limited

Cadre Traders

Rexas

Kenton

Rollblock

Kkminer

ION Mining

CEXCapitals

Gi Capital Brokers

Startwaypro

Olxtongroup

Spot Trader FX

Rocorp

Binamine

MGC Marketing LLC

Velocity Capital Advisor

Fomtrade

Swift Merge

Himerge Acquisition

Alder Kass

Harber Assets

Option bull markets

Octopus Assets Investments

Capital Prolific

FINAXEN-TRADEPIPS

INSTANT INVEST FX

CRYPTGATEMARKET LTD

Fusion Finance

AUTOSTOCKS TRADES

Traxhash

Wmlpro

Tokenhedg

Kagevest

Capitalalphaholdings

Speedbit Traders

FXMeridian

ElenoxOne

EnzoFX

Nexus500

Alvines Capital

Heritage Digital Grant

BitlyCo

Sybbex

Pionex

Monpatrimoineavenir

Edge-bit

Trcryptomasters

Rapidtethertrade

Golden Eagle Investments

ATROPI

Brownstone Research

AssetsFX

Vorbex

UpBitFxPro

Mazi Finance

Numera International

Sunasia-im.com

Wealthforge Investments

Habsacde.site

Top Swiss Investments

Aquila Markets

ValburyGroup

Minestockstage

Vigor Profits

Forbes Capital Partners

PCEX

ICOMiner

EVM Prime

Deleno IFC

Emar Markets

FBK Markets

FXOpulence

Monzaee Capital

TNFL FX

Goccfx