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PrimeXBT review

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Choosing an appropriate broker is like choosing a car. You want it to be trustworthy and last for a long time. Thus, we have decided to introduce you to the PrimeXBT Forex broker we do not recommend you to go with and we will explain why.

Even though the broker gets loads of promotion and appreciation online, we still are positive that the platform is a scam. And here is why.

PrimeXBT review
Leverage: 1:100                 Licences: N/A

Min. Deposit: 0,01 BTC     Bonus: N/A

Spreads: N/A                       US Clients: No

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GigaFX Review

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GigaFX is a Forex broker that claims to operate within the Jurisdiction of the EU. The company boasts 3 offices in Estonia, the UK, and Germany. GigaFX is a child company of the Commonwealth of Dominica based Four Square International Ventures Ltd. The leverage available starts at 1:100 and ends at 1:200. Spreads are fixed for all accounts and are 0.7 pips. The minimum deposit of the company is an industry standard of EUR 250. GigaFX Forex broker does not feature a regulatory license of any shape or form right now. Neither in the EU nor in Dominica.

FXLinked Review

Leverage: 1:200               Licences: N/A

Min. Deposit: 250 EUR  Bonus: N/A

Spreads: from 0.7 pips        US Clients: No

Looking for a good Forex broker? Try XM now!

The layout of GigaFX

In  GigaFX reviews, we will focus not only on the technical aspect of the company but also the way it presents itself, how good the transparency is from their side and of course, how is the company able to operate in the EU.

The first question that needs to be answered is the transparency of the company. They do indeed provide a lot of information to the customers, however, some of the information is contradictory. Meaning that the company claims one thing, but does the other. For example, GigaFX Forex broker claims to be compliant to the MiFID regulations, while at the same time offering leverage of more than 1:30, which is a clear violation of the ESMA guidelines.

GigaFX scam

They also claim to have offices in the UK, Germany, and Estonia, while being owned by a Dominican based company, and not holding any type of regulatory license within or even outside of the EU.

GigaFX features

In terms of features, the company does indeed offer at least some type of benefit to their customers if they, of course, decide to overlook the security issue and deposit funds with the broker. We are now moving to the technical aspect of this GigaFX review, meaning that we will cover the Leverage, Spreads, Withdrawals & of course the support that the broker offers.

In terms of Leverage, the company offers more than any legitimate EU based brokerage can. The maximum limit at this point is 1:200 and pairing that up with a EUR 250 deposit is a nice way to maximize trades. However, it is still very dangerous to trust the company to direct your trades to the market or even processing the trade at all.

Aside from the massive security issue that is the lack of regulation, the company has some of the most bizarre withdrawal policies in the industry. According to GigaFX.com, any withdrawal request will need to be screened for 5 business days, after which the staff will decide whether or not to approve it. This adds 5 days to the already long 10 business day wait for Credit/Debit card users when applying for a withdrawal. And what’s worse the GigaFX scam becomes a real possibility if the broker outright denies the request. In addition to that, the customer will also have to pay a fee.

The spreads on the GigaFX.com platform are quite nice, however. Having a fixed 0.7 pip spread is a luxury many broker customers do not have and would like. If GigaFX scam was a reality, this spread would definitely be the main way to attract new customers.

GigaFX support

GigaFX provides several Ebooks and educational videos on Forex trading and general economics. We cannot deny the fact that this is a great addition for any beginner trader to quickly learn the trading process. Along these educational resources, GigaFX also offers Market news, signals and various other benefits to the customers. But is it enough to disprove the GigaFX fraud? Is it enough to outweigh the massive disadvantage of terrible withdrawal policies and lack of license?

GigaFX fraud

Is GigaFX legit?

It all boils down to whether or not the GigaFX scam is a reality or not. If the fraudulent business model is proven to be a reality, then all the benefits and good features we have mentioned will mean nothing. However, it is hard to really tell whether or not this company is a scam, but they are definitely leaning towards it. We cannot label it as a scam right now, but we recommend our readers to avoid the company by any means necessary.

Since it is hard to determine whether or not a company is a scam or not, it is already a red flag for beginners. A good company is just good, there are no questions tied to their operations. A shady company will always have some skepticism towards their business model and GigaFX is exactly that type of company.

GigaFX Review Overall rating: 0 out of 5 based on 0 reviews.
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KontoFX Review

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Check Forex Bonus Lab KontoFX review, you will learn about the trading accounts, trading software, bonuses, customer service and many more!

KontoFX reviews
Leverage: 1:200               Licences: N/A

Min. Deposit: 250 EUR  Bonus: 15%

Spreads: from 0 pips        US Clients: No

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UproFX review

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In this UproFX review we will be tackling the discussion whether or not the broker’s features are on par with the rest of the competition in the Forex world. We will also try to look into their controversy surrounding multiple UproFX scam reviews on the internet. Let’s begin.

UproFX review
Leverage: 1:100 Licences: N/A

Min. Deposit: €250   Bonus: N/A

Spreads: from 0 pips US Clients: N/A

 

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JP Markets Broker Review

There are millions of people around the world who wish Forex trading was less mysterious. There is no denying that there are hundreds if not thousands of unregulated FX brokers which make FX trading a less attractive investment destination for many people. There are several basic features that every broker must satisfy in order for them to be considered legit. In our objective JP Markets review, we are going to look into the regulation details, account types, customer service, leverage, withdrawal of funds among other features of this broker.

JP Markets logo
  Min. Deposit:
 $200

  Trading Platform: MT4

   US Clients: Not Available

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FXLinked Review

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What’s so bizarre about the Forex market is the number of Forex brokers that pop up and then disappear without a notice. What’s even weirder is that new brokers then appear with the same design and relatively same name, so it gets you thinking, “What are these Brokers?”. Well, it is quite simple really. Most scam brokers disappear after they have been unearthed, lay low for a few weeks and then emerge completely rebranded, with no traces left from the previous brand.

This is why we believe that a thorough review of a broker is necessary before you commit to trading with them. Many traders avoid this job because they don’t want the extra hassle and decide to form their opinions on the spot. Unfortunately, however, forming an opinion while already trading with a specific Forex broker already takes more time, meaning that you not only risk your money but also lose more time.

This is why we have created this FXLinked review, in order for you to prevent any unnecessary loss in your time and money. Not only will you find out more about this specific broker, but you’ll also have more knowledge about rating them as a whole.

FXLinked Review
Leverage: 1:400 Licences: FSA

Min. Deposit: 10 USD Bonus: 50%

Spreads: from 0 pips US Clients: N/A

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Capital.com Forex broker Review

Most of the time, people find themselves lost when they try to search for a Forex broker with whom they can open an account with. This is because there is an immense number of brokers out there. People generally lack the knowledge to know what to check and the presence of rogue brokers makes it tough. In our Capital.com review, we are going to look into the main features of the brokerage firm which should help you determine whether its legit or not.

capital com logo
  Min. Deposit:
 $200

  Trading Platform: MT4

   US Clients: Not Available

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Trade Capital Review

Before we start this Trade Capital review, we would like to talk about broker reviews in general. We are pretty sure that by now you have already understood the importance of reading reviews. Even if you wholeheartedly believe that a broker is trustworthy, even if you’ve already had the first-hand experience, it is always healthy to see the story from another perspective. That is why we always make reviews based on facts and statistics. Generally, traders will have a similar experience with a broker, therefore you can always check up on their forums or social media to see how your fellow traders are faring. Unfortunately, for Trade Capital, such forums are nonexistent.

Trade Capital Review
  Min. Deposit:
 $200

  Trading Platform: MT4

   US Clients: Not Available

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An in-depth Finq.com review

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When you visit Finq.com, you will find the layout of the website quite appealing. However, if you are new to Forex trading or if you are browsing the internet for a legit FX broker, there are more factors to consider before signing up. In this Finq.com review, we are going to look into some of the key features of the brokerage firm that should help you determine whether the firm is legit or not.
finq logo
Leverage: 1:294                    Licences: FSA

Min.Deposit: 100 USD           Bonus: 30%

Spreads: from 1 pip                US Clients: No


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Stratton Markets Review

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Stratton is a friendly, client-centred CFDs broker. While slowly making a name in the trading markets, Stratton draws a lot of its experience from being part of F1Markets Ltd, which has a vast experience in the financial markets. Stratton, operated by F1Markets Ltd, is regulated by CySEC (license 267/15) and registered in the majority of European countries. What does this broker have to offer? Let’s check our Stratton Markets review to find out more.
stratton markets logo
Leverage: 400:1                     Licences: CySEC

Min. Deposit: 250 USD          Bonus: N/A

Spreads: from 1.1 pip              US Clients: No

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