Blueberry Markets Licenses
- Blueberry Australia Pty Ltd - authorized by ASIC (Australia) registration AFSL 535887
- Blueberry Markets (V) Ltd - authorized by VFSC (Vanuatu) registration No. 700697
Post Type Description
Blueberry Markets Licenses
FINMAX is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.
🗺️ Registered in | Bulgaria |
🗺️ Type of License | No License |
🛡️ Is Finmax safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
FINMAX is a CFDs and binary broker (See the list regulated binary brokers). Its trading platform provides an opportunity to use in trading more than 1000 underlying assets, the list of which is constantly expanding. FINMAX offers assets from groups of financial instruments such as Forex currency pairs, stocks, indices, and commodities. The broker claims to have an amazing team of financial market professionals, however, with all the benefits mentioned on the website, we still have a lot of questions about the company's reliability.
FINMAX allows Indian traders to open accounts and trade. However, FINMAX has no mention of complying with any Indian regulators on its website. Here you can find the Best Forex Trading Platform in India for you. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
The United States is one of the countries that is not accepted by FINMAX. As per U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for FINMAX, you are only permitted to trade with U.S-regulated platforms.
The minimum deposit is 250$. The payment options include: credit/debit cards, bank transfer, Yandex money, Qiwi wallet, Webmoney, and Perfect money.
FINMAX offers a modern trading platform for your mobile device, we support the following – iOS, Windows Mobile, and Android.
This platform is identical to the terminals that are available for desktop PCs and laptops. However, it is fully adapted to mobile devices which allows you to trade with comfort from any location, wherever you are if your device is connected to the Internet.
The broker does not offer a demo account.
Read about FBS Broker which offers a Demo account.
Based on our research, even though the trading offering might seem attractive, there are many questions in regard to the trust of the FINMAX company services and the manner they do operate the online trading itself. Of course, an offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Pepperstone and TMGM.
Based on our findings and research Finmax website is unavailable to reach, so probably Broker no longer operates. Besides, we recommend avoiding Binary Options and offshore brokers.
We advise our readers, not to use GrandCapital as it is an offshore entity. GrandCapital is owned by GrandCapital Ltd., which is an offshore company registered in St. Vincent and the Grenadines.
About Grand Capital
🗺️ Registered in St. Vincent and the Grenadine 🗺️ Type of License Offshore License 🛡️ Is Grand Capital safe to trade No 🗺️ Recommended Licenses FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 🖥 Alternative Broker FP Markets - licensed by ASIC in Australia
Grand Capital Ltd is an incorporated company that has operated for 11 years. Originally a Russian company, it performs the operation through its registered offices in St. Vincent and the Grenadines and Seychelles, along with 40 offices around the world as claimed by the company.
Based on our revelations regarding the safety and regulations issues of Grand Capital, we do not rank positively Grand Capital, based on our Expert Opinion with over 10 Years of experience in Forex Trading.
Ranking | Grand Capital | XM | BlackBull Markets |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Education | Trading Conditions |
As our research finds revealed issues with the safety of Grand Capital, here are much better Alternatives to Grand Capital with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below:
Grand Capital offers various deposit and withdrawal options – Bank Transfer, Credit/Debit Card, and e-wallets such as Skrill, Neteller, Webmoney. However, due to its unregulated nature, there are no strict guarantees on payment procedures.
We advise all investors and traders to avoid Grand Capital and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BDSwiss.
No, it is not safe to trade with Capoinvest as it is not regulated. Capoinvest claims to be a subsidiary of a CAPITAL GROUP INVESTMENT (LUX). The broker provides a valid registration number of this broker with the FCA (reg. 747792), but the register states it is a US-based company. Meanwhile, Capoinvest claims to be located in the UK (30 Coleman Street, London EC2R 5AL, United Kingdom).
🗺️ Registered in | No registration |
🗺️ Type of License | No License |
🛡️ Is Capoinvest safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
Capoinvest claims to be one of Europe’s leading financial institutions specializing in Forex/CFDs and Cryptocurrency trading. The broker offers various types of trading software and tools that allow individuals and institutional customers to trade Forex, CFDs, and Cryptocurrency online. There is one thing that remains questionable in the broker’s statements which is that it provides clients with a 100% transparent and secure form of trading. Unfortunately, after doing some research, we cannot confirm it, on the contrary, there is some information that only proves Capoinvest is not regulated and should be avoided.
We advise all investors and traders to avoid Capoinvest and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.
Recently the Capoinvest website remains inactive, meaning the broker has muted its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals.
XtreamForex is a scam broker. The broker is located and incorporated in the Marshall Islands and does not hold any other license apart from an incorporation one, while Marshall is an offshore zone that requires only a very small capital in order to establish a firm. In fact, there is no regulation of company financial services or implementation of international investment standards.
🗺️ Registered in | Marshall Islands |
🗺️ Type of License | Offshore License |
🛡️ Is XtreamForex safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
XtreamForex is a trading name that is operated by Grand Investing Ltd. Company registered in the Marshall Islands. XtreamForex claims it is an Award Winning pure STP/ ECN trading environment with real-time execution, tight spreads (see Zero Spread Forex Brokers), and truly advanced trading instruments offered on a variety of platforms. What is more, the broker states its delivery of fully licensed and regulated services and license to provide investment services along with funds security protection.
Based on our revelations about the safety and regulations issues of XtreamForex, we do not rank positively XtreamForex, based on our Expert Opinion with over 10 Years of experience in Forex Trading.
Ranking | XtreamForex | BlackBull Markets | XTB |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Environment | Trading Instruments |
Regarding the safety issues of XtreamForex we managed to reveal, here are much better Alternatives to XtreamForex with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below:
XtreamForex allows Indian traders to open accounts and trade. However, XtreamForex has no mention of complying with any Indian regulators on its website. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
The United States is one of the countries that is not accepted by XtreamForex. As per U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for XtreamForex, you are only permitted to trade with U.S-regulated platforms.
In order to deposit into your account, you can choose Wire Transfer, Bitcoins, Visa, Skrill (Moneybookers), Neteller. You can deposit funds in widely used currencies such as the U.S Dollar (USD).
XtreamForex MetaTrader 5 Mobile integrates the possibility to view market statistics of financial instruments traded in the exchange execution mode, as Forex is a large market with a massive daily trading volume and can require your constant attention. XtreamForex now provides you with every solution where you can monitor the market quickly and easily. The mobile app allows you to access the Economic Calendar and online market news. It also has Internal mail alerting you of any updates, full management of the trading account, and a detailed trade window.
XtreamForex also offers a demo account with 100,000 USD virtual money for trading. The Demo Account is provided to give traders a demonstration of the broker’s trading platform and to offer traders the opportunity to trade on simulated real trading conditions. This further allows the trader to gain more experience prior to trading with real funds and facing actual risk. Traders may test their trading strategies and become familiar with the trading platform at their own pace.
We always advise trading only with regulated brokers, since the financial investment is a risky business that requires much more standardization of the service delivery than the sweet words about its service. For that reason, XtreamForex remains a Broker to Avoid while our recommendation will go to those companies who comply with the set of customer protection rules. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Pepperstone and BDSwiss.
No, it is not safe to trade with BForex. BForex is owned and operated by BForex Limited and claims to be located in Limassol, Cyprus. Bforex group operates several companies that include the trading names and websites of BForex, FXGM, and others. Though the broker claims to serve over fifteen offices around the world, it is however not clear where exactly the company is located and registered, since through its history of operation from 2007 the firm changed jurisdictions and names while still offering its services.
🗺️ Registered in | St. Vincent and the Grenadines |
🗺️ Type of License | Offshore License |
🛡️ Is Bforex safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
The main issue is that the broker was never regulated, while it tries to enable its operation in BVI, a famous financial offshore zone, yet received a warning from the local authority BVI FSC to cease all its services.
Furthermore, the Bforex brand was banned and blacklisted by various jurisdiction authorities to deliver its services, as the company was targeting the local residents to trade with them.
In addition to the official opinion, the internet is full of negative reviews, complaints, and scam alerts from traders and investors. While the company pretends to suspend its operation, there are still “fresh” reviews appearing in order to prevent other investors from fraud.
We advise all investors and traders to avoid BForex and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and Eightcap.
Based on our findings, BForex is inactive and unavailable to reach. This means the broker has muted its trading offering and does not propose account openings, however, we recommend avoiding and staying alert in case any proposals come.
It is not safe to trade with LMFX, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.
Global Trade Partners Ltd. is an investment firm that operates as a global broker under the name LMFX. LMFX is governed and supervised by the Saint Vincent Finance Service Authority (FSA). The fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements for the company operation. That means, the broker is not regulated, not overseen, and does not comply with strict international rules that provide protective measures to the traders.
🗺️ Registered in | St. Vincent and the Grenadines |
🗺️ Type of License | Offshore License |
🛡️ Is LMFX safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
LMFX is an innovative online foreign exchange broker that offers advanced institutional and retail trading conditions to a global audience. This broker provides the full spectrum of cutting-edge trading tools and services that its clients require to succeed in the world’s most liquid market. It also provides a comprehensive range of mobile and desktop MT4 platforms so that traders never miss a market movement. According to the website, LMFX offers leverage from 1:1 to 1:1000 (Check best forex brokers with high leverage).
LMFX offering, the company is not officially registered with any industry authority to offer trading services, and its performance is not overseen or supervised by anyone. In any case, we never advise trading with an offshore or non-licensed broker, since the financial investment service they deliver is not trustable.
Based on our revelations about the safety of LMFX, we do not rank positively LMFX , based on our Expert Opinion with over 10 Years of experience in Forex Trading.
Ranking | LMFX | XTB | Admiral Markets |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Environment | Trading Platforms |
Due to our finds and issues with the safety of LMFX, here are much better Alternatives to LMFX with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below:
LMFX allows Indian traders to open accounts and trade. However, LMFX has no mention of complying with any Indian regulators on its website. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
The US is among the (See Best Forex Broker for US Clients) countries that cannot register with LMFX, along with the United Kingdom, Japan, or any other jurisdiction that would be contrary to local law or regulation.
The minimum deposit is USD/EUR 50 for a Premium Account that has been carefully tailored to meet the trading needs of retail FX traders and with the minimum trade size starting at 0.01 lots, this competitive account offers you the flexibility to trade up to 60 lots in a single trade.
LMFX offers a mobile trading app for traders' convenience. Mobile trading allows traders to manage their accounts from portable devices like smartphones, pockets, and tablet PCs. In MetaTrader 4, mobile trading offers a great variety of analytical options and a graphical display of quotes in addition to complete trade account management. Using mobile terminals in daily activities offers a convenient way to keep up with accounts when traders don’t have access to a desktop computer. LMFX mobile app is compatible with all Android and iOS devices.
LMFX offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. Demo accounts are a wonderful way to get an introduction to the online trading markets and allow traders to experience – as closely as possible – the actual market conditions they will be exposed to. LMFX demo account provides the ability to trade from the LMFX platform of choice and mirrors as closely as possible actual market conditions.
Overall, there are many questions in regard to the trust of the LMFX company services and the manner they do operate the online trading itself. We strongly advise opening a trading account only with brokers that are regulated by respected world authorities and comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as HotForex, and BlackBull Markets.
GCI Financial is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Thus, the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.
🗺️ Registered in | St. Vincent & the Grenadines |
🗺️ Type of License | Offshore License |
🛡️ Is GCI Financial safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
GCI Financial LTD is an international Forex and CFD broker incorporated in St. Vincent & the Grenadines that is claimed by their focus on offering superior trading conditions and customer service through advanced software and lowest trading costs (forex brokers with low spreads). In addition, the company operates for over 15 years and has received awards that recognize them as the Best Forex Broker Europe or Most Innovative Forex Broker Europe by International Finance.
Besides, the company was previously regulated by the Belize IFSC, yet withdrew its license and is not regulated by any authority. Moreover, there were warning against the company by some of the authorities, as well as negative feedback from many investors with cases to withdraw money.
“GCI Financial LLC is not registered to engage in the business of trading in securities or advising anyone with respect to investing in, buying, or selling securities.”
Based on our finds about the safety and regulations issues of GCI Financial, we do not rank positively GCI Financial, based on our Expert Opinion with over 10 Years of experience in Forex Trading.
Ranking | GCI Financial | FP Markets | XM |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Education | Trading Platforms |
Due to our finds and issues with the safety of GCI Financial, here are much better Alternatives to GCI Financial with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below:
GCI Financial deposit and withdrawal methods are not many. The funds are transferred either by bank transfers or an e-wallet - Perfect Money. Deposits can be made by the GCI account holder only. Third-party transfers are not permitted.
Generally, we do not advise investing with unregulated brokers. Even though the offering and the trading capabilities may offer a very attractive package, safety always goes first. Therefore, it is much more secure to start trading with a reputable regulated broker that follows the strictest performance operation that was designed to deliver the highest level of safety to the investors, such as Pepperstone and HFM.
FreshForex is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company as it was not checked for its compliance before establishment, and was never monitored in terms of its safety, and simply may operate the business in any way it wishes. This results in a very high-risk trading opportunity, despite its alluring proposals.
🗺️ Registered in | St. Vincent and the Grenadines |
🗺️ Type of License | Offshore License |
🛡️ Is FreshForex safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
The online Forex broker FreshForex as stated on the official website has been working in the foreign exchange market since 2004. It claims performance with one of the best trading conditions on the market due to which they are among the top Forex broker companies as well according to the research of the famous news agency Interfax.
Based on our revelations about multiple safety and regulatory problems with FreshForex, we do not rank positively FreshForex, based on our Expert Opinion with over 10 Years of experience in Forex Trading.
Ranking | FreshForex | Pepperstone | FP Markets |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading environment | Trading platforms |
As we have found many issues regarding FreshForex safety, here are much better Alternatives to FreshForex with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below:
FreshForex offers about twenty deposit and withdrawal options, including Bank Transfer, Credit/Debit Card, and e-wallets such as Skrill, Neteller, and Webmoney. However, due to its unregulated nature, there is no strict guarantees on payment procedures.
Overall, we generally advise not to trade with offshore brokers such as FreshForex (See the list of forex scams) since it is a risky business, and jeopardizes the clients' investments. It is much more sufficient to choose among well-established and regulated, reputable companies that are heavily overseen by respected authorities. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Pepperstone and BDSwiss.