OpenFX is a Belarus-based forex broker that has been operating since 2004, providing a platform for foreign exchange and commodities trading. It is headquartered in Minsk, Belarus, and initially gained recognition for its innovative trading solutions. OpenFX currently holds a retail Forex license from the National Bank of Belarus (NBRB), although potential clients should note […]

Founded in 2020 and headquartered in Vanuatu, evest operates as an unregulated financial service provider, which raises potential concerns about its credibility. The broker offers a range of trading options, claiming to provide access to over 500 instruments, including forex and commodities. However, the lack of regulatory oversight from recognized authorities may pose risks for […]

ICAP, established in 1999 and headquartered in the United Kingdom, operates as a prominent intermediary in the wholesale finance, energy, and commodities markets. The broker is regulated by the Financial Supervisory Service (FFS) in South Korea, which provides a level of oversight and customer protection. However, it is important to note that its claimed FCA […]

Founded in 2020, SSY is a US-based forex broker that offers a range of services including dry cargo, tankers, derivatives, and corporate finance. Although it operates under a suspicious clone license from the National Futures Association (NFA), its regulatory status raises concerns about potential risks for traders. The broker’s operational history is relatively short, and […]

ZHONGHUI FUTURES is a forex broker established in 2002 and headquartered in Shanghai, China. This broker is regulated by the China Financial Futures Exchange (CFFEX), which ensures adherence to strict financial standards and customer protection measures. With two decades of operational history, ZHONGHUI FUTURES has developed a reputation for offering a range of asset management […]

Kyogin Securities, established in 2016 and headquartered in Kyoto, Japan, is a regulated forex broker under the Financial Services Agency (FSA). With a focus on providing a range of financial products, including stocks and bonds, Kyogin Securities has built a credible reputation within the trading community. The broker operates with a retail forex license, ensuring […]

Toho Securities, established in 2015 and headquartered in Fukushima, Japan, operates within the financial sector by providing a range of investment products. The firm is currently regulated by the Financial Services Agency (FSA), which contributes to its credibility in the marketplace. However, it is essential to note that the regulation has been scrutinized, and potential […]

8 Bitnex is a forex broker founded in 2023 and headquartered in Australia. Despite its relatively recent establishment, the company does not hold any regulatory licenses from recognized financial authorities, which raises concerns regarding its credibility. Operating for a period of 2-5 years, 8 Bitnex primarily targets Chinese investors and offers trading across a broad […]

ISEC, founded in 2018 and headquartered in Cyprus, is a forex broker that specializes in wealth management services. Regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license number 356/18, ISEC operates within the frameworks typical of established financial institutions. The broker has gained a reputation for its comprehensive service offerings, although it is […]

xDirect is a relatively new forex broker, established in 2018 and headquartered in Vanuatu. While it offers a selection of trading instruments, including forex pairs and commodities, the broker lacks valid regulation from recognized financial authorities, raising significant concerns regarding its legitimacy. Regulatory oversight is crucial for ensuring trader safety and accountability, and xDirect’s claimed […]

South China Financial Holdings Limited (SCFH) was established in 1999 and is headquartered in Hong Kong. The broker has over two decades of experience in the financial services industry and is listed on the Stock Exchange of Hong Kong since 1993. SCFH is regulated by the Securities and Futures Commission (SFC) of Hong Kong, although […]

TrueFriend, founded in 2003 and headquartered in South Korea, operates as an unregulated forex broker. The firm offers a range of financial services including brokerage, retirement pension, and fixed income products. Despite its extensive operational history, TrueFriend currently lacks regulatory oversight, raising potential concerns regarding safety and trustworthiness for prospective traders. Given its unregulated status, […]