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Is SinoSoft FX legit or a scam broker?

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As scam brokers are appearing on a daily basis and are soon revealed they need to catch the attention of as many traders as possible until their scam is unveiled. Therefore, one can see a lot of misleading information and claims on the webpages of the scam brokerages. SinoSoft FX is one of them, unfortunately for the broker itself, it is leading a very unsophisticated scam scheme that can be revealed very easily. SinoSoft FX Forex brokerage has been established just previous year, in 2018. Since then, the broker offers Forex and CFDs trading to the worldwide audience of the traders. The features and trading conditions of the broker look neither bad and neither good, but average. The minimum deposit with the broker is 100 USD, traders can trade currency pairs, CFDs on cryptos, commodities, and indices and use leverage up to 1:300. The broker offers several payment methods and promises fast withdrawal without any commissions. But as you could already guess, the promises that the broker makes are not delivered. Make sure to read this detailed SinoSoft FX review to see how the broker is luring the customers.

SinoSoft FX review
Leverage: 1:300 Licences: N/A

Min. Deposit: 100 USD Bonus: 20% No deposit bonus

Spreads: from 1.6 pips US Clients: No

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Coinfinex review discussing broker’s features in details

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Coinfinex markets itself as a cryptocurrency broker. The first impression one can get from the website is that Coinfinex is a cryptocurrency exchange and you can purchase and sell different crypto on the platform. It can get really confusing, especially for beginner investors. In reality, the broker does not offer to buy and sell cryptocurrencies, instead, it offers CFDs on various cryptos. As it seems, the broker is trying to confuse visitors deliberately and hence does not mention that “crypto trading” with the broker is trading with CFDs on cryptocurrencies. It is suspicious and showcases the possibility of Coinfinex fraud. This review will provide insight into the broker’s features, regulations and service to see if the broker is legit or not.

Coinfinex review
Leverage: 1:4  Licences: N/A

Min. Deposit: 500 USD Bonus: N/A

Spreads: from 0 pips US Clients: No

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A comprehensive BomanFX review shows if the broker is legit or not

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BomanFX Forex broker provides its financial trading services to the worldwide audience. It is operated by Boman Inc, the company registered and regulated in Saint Vincent and the Grenadines. The customers of the broker can trade currency pairs and CFD products on one of the most popular trading platforms MT4. The minimum deposit that is required for opening an account with the broker is 100 USD, and the traders can use 1:200 leverage after registering with BomanFX. With such trading conditions, the broker seems to be an avarage, it does not offer great services and at the same time is an offshore broker. However, the more you learn about the broker, the worse things get. This detailed BomanFX review will provide information about the broker you need to know before opening an account with it and answer the question is the broker is a scam, just bad broker or someone you can trade with confidently.

BomanFX review
Leverage: 1:200 Licences: SVGFSA

Min. Deposit: 5=100 USD Bonus: 20USD

Spreads: from 0.9 pips US Clients: N/A

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Is Trust Capital TC scam or a good broker?

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Trust Capital TC is Forex and CFDs broker that offers its financial and trading services to the residents of the European Union. The broker first appeared in 2018 and seemingly is not popular yet, as there are not many Trust Capital TC reviews and opinions made by the customers. The broker is registered in Cyprus and is regulated by the local financial authority CySEC. The broker offers a limited number of trading instruments from several asset classes such as Forex, commodities, precious metals, and indices. The trading conditions with Trust Capital TC is not as good as most of then European brokers offer to their customers. The minimum deposit is high, the spreads are also high, and most importantly there are a lot of commissions applied.  This review will discuss the broker’s features and see if the Trust Capital TC scam is possible or if the broker is trustworthy.

Trust Capital TC review
Leverage: 1:30  Licences: CySEC

Min. Deposit: 250 USD Bonus: N/A

Spreads: from 1.6 pips US Clients: No

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A Comprehensive Mitrade review revealing if the broker is a scam

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The times when the main distinctive feature that set apart good brokers from bad or scam brokerages was the regulations is long gone. Nowadays as many new brokerages are appearing on the Forex trading market, one needs to examine more features of the broker, rather than simply checking if it is regulated or not. Mitrade Forex broker is a good example of it. The broker has a license from ASIC, the regulator that is considered to be very demanding when it comes to the regulations. Mitrade also has put nice looking offerings on the website such as no minimum deposit requirements, low spread, leverage up to 1:200, and various trading instruments.  However, before you get excited about it and open an account with the broker, it makes sense to see what exactly does it offer and how good its service is. Can Mitrade be trusted just because it has a license? This review will discuss the broker’s features in details and let you know the answer.

Mitrade review
Leverage: 1:200 Licences: ASIC

Min. Deposit: 1 USD Bonus: N/A

Spreads: N/A  US Clients: No

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Is CP Markets scam or legit broker? Read the review to know

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If you are searching for a Forex broker to trade with you would come across with a lot of scam brokers. Some of them look very good from the outside and manage to lure customers with a nice looking website, and various claims that they are the best, have the lowest spread, high bonuses and etc. However, some broker fails to seem legit and good. CP Markets Forex broker is a good example of this. The brokerage offers standard and ECN accounts and offers its financial services to the worldwide audience with some exceptions. Mostly it targets Asian and English speaking, more precisely European traders.  In order to open an account with the broker trader needs to deposit a minimum of 100 USD, with that, he or she can trade with 1:200 leverage and choose from over 150 trading instruments. The broker offers multiple payment methods and MetaTrader 4 trading platform. Once you spend some time on the CP Markets website you will be able to see that the offerings are not that nice, and in fact, some of them will make you think that CP Markets scam is possible.

CP Markets review
Leverage: 1:200 Licences: N/A

Min. Deposit: 100 USD Bonus: N/A

Spreads: from 2.6 pips US Clients: No

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Is XtreamForex scam? Find details in this review

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XtreamForex Forex broker is one of the brokerages that looks good at first, but after some research on the website, it is clear that the broker is not trustworthy. It offers trading Forex and other trading assets such as cryptocurrency, commodities, stocks, and indices.  The broker has been established in 2015 and is registered in the Marshalls Islands. According to the broker, the office of it is situated in London. XtreamForex’s offers might look very attractive for the traders all around the world as it requires 5 USD minimum deposit which is very low. At the same time, it offers 1:1000 leverage to all traders who will get the standard account with XtreamForex. It also showcases multiple payment methods on the website and emphesizes that it has spread from 0 pip. However, it is too early to get excited about these offerings since not everything is as good as it seems on the surface. This XtreamForex review will go into the details and discuss the real features and quality of the service that the broker provides.

XtreamForex review
Leverage: 1:1000  Licences: N/A

Min. Deposit: 5 USD Bonus: 30%, 100% bonus

Spreads: from 1.2 pips US Clients: No

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Are the rumors about TradeMax scam real?

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Forex brokers that are regulated by the Australian Securities and Commission (ASIC) have a fairly good reputation among the traders all around the world. Unfortunately, there are still some sophisticated scams among them. TradeMax Forex broker is one of them. The service described on the broker’s website does not seem to be good for any trader as the broker has a high minimum deposit, commissions, and fails to provide sufficient information about its service and policy. However, bad service is not the worst thing with the broker, as there are signs indicating TradeMax scam. If you are considering to open an account with the broker make sure to read the review as it provides full information about TradeMax, that the broker is trying to hide.

TradeMax Review
Leverage: 1:400  Licences: ASIC

Min. Deposit: 1000USD Bonus: N/A

Spreads: from 1.6 pips US Clients: No

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Can Trade5000 be trusted? Learn in this Trade5000 review

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Looking at the offerings and features of Trade5000 Forex broker it might seem that it is a good idea to sing up with the broker. The minimum deposit with the broker is not very low but at the same time falls in the standard of the most Forex brokerages. One can open a standard account with 250 USD. The leverage is 1:200, and the broker claims to provide over 1000 trading instruments for FX and CFDs traders. Traders have the possibility to choose from the six account types based on their needs and goals.  Trade5000 also has bonus offerings based on the account types. There are various payment methods listed on the website and the broker seems to be paying a lot of attention to educating its customers. At first glance, everything seems to be legit and looks good, however, it takes some time to dig into the offerings and find out that these nice looking offerings are part of the Trade5000 scam. This review reveals the features of the brokers in details to answer the question if the broker is trustworthy or not.

Trade5000 Forex broker
Leverage: 1:200  Licences: N/A

Min. Deposit: 250 USD Bonus: 30%, 40%, 60%, 80%, 100%

Spreads: N/A  US Clients: N/A

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8MAX review to give you insight into the broker’s features

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There are a lot of scam brokerages that try to impress traders with great-looking offerings and service to lure them into opening an account with them. 8MAX Forex broker is one of them. Forex and CFD’s broker provides financial services worldwide but targets Japanese and English speaking countries most. It offers to trade on MT5 trading platform with only 5 USD minimum deposit. One can trade currency pairs as well as CFDs on commodities, energy, precious metals, and equity indices with 8MAX while using 1:1000 leverage. The broker also showcases two types of bonuses – no deposit and deposit bonus. The service that the broker showcases look too good to be true, considering that it is not a well-known broker and there are no valid 8MAX reviews made by its customers. There is a high possibility that the broker is scamming traders. This review will help you get to know the broker closer and will reveal what’s behind the nice-looking offerings.

8MAX review
Leverage: 1:1000 Licences: N/A

Min. Deposit: 5 USD Bonus: 20%, 100% bonus

Spreads: from 0 pips US Clients: No

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