Scam Broker Reviews 2024

Looking for an Online Broker? Read This First!

Trading is exciting and, with the right broker, can be highly profitable. Many of us want to afford a home, pay for a college education, or to retire at a reasonable age. It obviously can be hard to come up with all of this money at once. Most of us don’t have time to work an additional job or have room in our budgets to trim yet more fat. 

That’s why so many of us seek online trading as a way to meet our financial goals. However, as with any other important pursuit, it’s important to embark with both eyes open. The number of broker scams is on the increase, and it seems that fake brokers outnumber legitimate trading opportunities. 

Research is essential to keep your funds safe. That’s why CryptoComplaint has created these broker reviews. We’ve investigated brokers that have been flagged by regulators or have been the subject of multiple and verified customer complaints. 

We summarize our findings in these broker reviews which are designed as an essential tool to keep your money safe online.

Why You Should Avoid the Brokers on This List

Why are we singling out these brokers? We receive alerts regularly from the world’s top regulators including the FCA, CNMV, FSMA, ASIC, and many more. Many of these brokers have been flagged by these regulators. 

In addition, our clients come to us after losing money with broker scams. We investigate all of the broker scams that have affected our customers and bring the results of these investigations to you. 

We also look online at media reviews and news stories that highlight the newest broker scams. We do a deep dive into these suspected frauds to give you the information you need to keep your money safe.

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How These Broker Reviews

Broker List Can Keep Your Money Safe

Before you sign up with a broker, it’s important to do in-depth research on the broker. Verify that their claims of licensing are genuine, that they are revealing their true identities, and have made correct statements about their credentials. 


It can take time to do this kind of research just to cross brokers off your list. That’s why it’s important to also consult the CryptoComplaint site and see if the brokers you’re researching show up on our blacklists. If you see that we have raised suspicion about a broker as a potential scam, you can save yourself time, money, and grief by crossing it off your list.

Scam Broker Reviews


Why Are We Warning People about These Brokers

What have these brokers done to end up on this list? They may have any of the following problems (many have several issues): 

  • No license
  • No transparency about who runs the brokerage
  • Scant or no contact information
  • Misleading information
  • Guaranteed returns
  • Bonuses and other incentives not allowed by regulators
  • Unreasonable fees
  • Vague terms and conditions
  • Won’t allow clients to withdraw money
  • Many verified and authentic negative customer reviews

What to Do If You Have an Account with These Brokers

If you have already opened an account with one of these brokers, close it right away and demand a withdrawal of your funds. We realize that if this is a broker scam, it’s unlikely that they will honor this request. That’s why you should also contact CryptoComplaint professionals right away. We have the tools and advice you need to assist with fund recovery.

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