Forex trading has become more popular, and millions of new people are getting into it. But crooks follow the money. There are a lot of fake agents out there who will take your money and promise you big returns. This forex scam brokers list can help you stay away from these traps. You should learn how to use this tool to its fullest if you want to spend money.
This blog post gives you five smart ways to use the list so that you don’t become another victim.
Did You Know? According to Action Fraud UK, more than £27 million was lost in forex and crypto scams in 2022 alone. Source
Why the List Matters More Than You Think
Before we talk about how, let’s talk about why.
The forex scammer list isn’t just a blacklist. It’s a list of real complaints, arguments that haven’t been settled, illegal activities, and reports of scams. This list should be the first thing you look at when you’re looking for a new broker, no matter how long you’ve been trading or how new you are to it.
1. Verify Before You Trust — Always Start With the List
Before you sign up for or deposit money into a trading site, look at the forex scam brokers list and type in their full names. Scammers often use the same technology but give it a different name, so keep an eye out for changes or new names.
You just got lucky if the buyer shows up.
Just because they don’t, don’t think you’re safe. You shouldn’t just look at the list.
You should also compare them to other government websites, like
- the FCA (UK).
- ASIC in Australia
- CFTC ($)
If a broker doesn’t have a license from at least one trusted group, that should set off alarm bells.
2. Use the List of Fake Forex Brokers to Recognize Patterns
Use the information to train your eye and protect yourself from newer scams. Thieves usually leave a mark. The names on the list of fake forex brokers will start to sound the same. Even if the names of the scams are different, these patterns can help you find them.
These are some traits that will come up again and again:
- Sales calls that put a lot of pressure on you to “act fast”
- Promised gains or returns that seem like they’ll happen all the time.
- You can only withdraw a certain amount of money, and you might have to pay a fee to do so.
- There are no rules about names in places like St. Vincent or Seychelles.
- Communication that can’t be tracked, like private chats or temporary phone lines.
Use this information to train your eye and stay safe from new scams.
3. Compare With the Fraud Forex Broker List from Multiple Sources
One list is good. Several lists are better. Comparing brokers across databases ensures you’re seeing the full picture. If a broker shows up on multiple sources, even better reason to run.
Here’s a simple comparison method:
| Source | Data Included | Trust Level |
| Report Scammed Funds | Verified scam reports, active list | High |
| FCA Warning List (UK) | Official unregulated brokers | Very High |
| Fraud Forex Broker Lists | Public complaint-based listings | Moderate |
Remember, a scam may be newly launched. If it isn’t listed yet but shows suspicious behavior, trust the red flags, not the brand.
4. Spot Alias Names and Clones Using the Scam Brokers Forex List
Scammers don’t always go by the same name. Once they find out about a new domain, they’ll create it in the same style but for a different language or area.
You can use the scam brokers forex list to find fake names, copied websites, and strategies that people use over and over again. Be very careful with:
- The number for registering the company doesn’t match.
- Web themes that are very similar
- Names of payment processors or crypto wallets that are similar
Even if their new name isn’t on the list yet, don’t go near these kinds of signs.
5. Report New Scam Brokers to Protect Others
You can do more than just trade; you can also keep other people safe. If you’ve been scammed or even just talked to a shady broker, reporting them helps the forex scam brokers list get more accurate and reach more people.
- You should put the broker’s name and website in your report.
- You can reach us by email, phone, or live chat.
- Statements or pictures that show losses
- There are no issues with getting your money back or withdrawing it.
This helps agents move faster and keeps other people safe who might meet the same dealer.
Pro Tip: Don’t Rely Solely on Reviews
There are fake review sites. Many scam dealers fill Google and Trustpilot with good reviews, but those reviews are gone as soon as the page is taken down.
If you don’t want to use star ratings,
- Look at the databases of the FCA, FINRA, and ASIC.
- When you use sites like Forex Peace Army, be careful.
- Stick to verified lists like the fraud forex broker list
You should also call customer service and be clear about what you want. When you push them, scam traders usually fall apart.
The List Isn’t Just a Warning: It’s a Learning Tool
You can trust your gut, even if you’re not trading, by looking at the forex scammer list every day. You’ll start to see red flags in:
- Fake websites have patterns of design
- Words that fraudsters use to get people to do what they want
- Fine print with secret exit terms
When your senses get stronger, you’ll know something is wrong before you even look at a name on a list.
Always Stay One Step Ahead of Scammers
There will always be scams in Forex. But you can’t avoid them either. You can’t skip the forex scam brokers list; you have to use it. No matter how much you’re trading, whether it’s $500 or $50,000, the first thing that will keep you safe is information.
Hundreds of people have gotten their money back thanks to Report Scammed Funds, which also warns others about scam sites. Before you spend money, use the tools that smart buyers use. If you’ve already been scammed, don’t wait to report it. Do something today.
FAQs
How can I get a list of forex brokers who are scams?
It’s a list of brokers who have been told to stop doing business because of fraud, false claims, or trading without the proper rules. This helps buyers not get scammed.
How can I tell if a broker is safe?
Check the broker’s name against scam lists and the FCA or ASIC to ensure that it has a valid license.
Is it possible for scam traders to use more than one name?
Yes. The list has nicknames and known clones because scammers often change their names or websites.
Should I tell someone about a broker who isn’t on the list and seems shady?
Yes, of course. Reporting scams early prevents others from falling for the same ones and makes these lists more trustworthy.
What should you do if a broker has good reviews but seems shady?
Many reviews aren’t honest. Believe the checked records more than what others say. If something doesn’t feel right, don’t spend.
