Broker warning list
Brokers reviewed on FXSharp that appear on a regulator's warning list, have lost a license, or trade without one. Each entry links to the full review and, where available, to the regulator's own notice.
17brokers on regulator warning lists
12brokers with a suspended or revoked license
41brokers without an active license
Regulator warnings
Public warning records naming the broker or one of its websites. A warning is not a license.
-
ABFX
1 regulator · checked 30 Sep 2026
Read the review →
-
BforeX
5 regulators · checked 21 Sep 2026
Read the review →
-
City Credit Capital
1 regulator · checked 30 Sep 2026
Read the review →
-
Coinexx
2 regulators · checked 19 May 2026
Read the review →
-
EagleFX
1 regulator · checked 25 May 2026
Read the review →
-
FinFX
1 regulator · checked 27 Sep 2026
Read the review →
-
FintechFX
1 regulator · checked 30 Sep 2026
Read the review →
-
FXGlory
1 regulator · checked 29 Sep 2026
Read the review →
-
FXLeader
2 regulators · checked 30 Sep 2026
Read the review →
-
Goldenburg Group
1 regulator · checked 30 Sep 2026
Read the review →
-
HonorFX
1 regulator · checked 30 Sep 2026
Read the review →
Labuan FSA
-
InvestRex
1 regulator · checked 30 Sep 2026
Read the review →
-
LGTrading
1 regulator · checked 30 Sep 2026
Read the review →
MISA
BFX2024003
-
Olymp Trade
2 regulators · checked 26 May 2026
Read the review →
CySEC
RBI
-
PBFX
1 regulator · checked 4 Oct 2026
Read the review →
FSPR
FSP551686
-
Quotex
2 regulators · checked 22 May 2026
Read the review →
-
TD365
2 regulators · checked 30 Sep 2026
Read the review →
CNMV
Finanstilsynet (Danish FSA)
Suspended, revoked or liquidated licenses
Licenses the regulator no longer lists as active.
-
AGEA
1 regulator · checked 30 Sep 2026
Read the review →
SCMN
· Revoked 03/2-2/2-19
-
Axiance
2 regulators · checked 30 Sep 2026
Read the review →
FSA
· Revoked SD036
FSC
· Revoked GB20025770
-
Dominion Markets
1 regulator · checked 6 Oct 2026
Read the review →
MISA
· Suspended T2023340
-
EnviFX
1 regulator · checked 29 Sep 2026
Read the review →
MISA
· Suspended T2023238
-
Fountain Tech
1 regulator · checked 30 Sep 2026
Read the review →
-
FXCA
1 regulator · checked 28 Sep 2026
Read the review →
MISA
· Suspended BFX2024001
-
GKFX
1 regulator · checked 30 Sep 2026
Read the review →
-
HiWayFX
1 regulator · checked 30 Sep 2026
Read the review →
-
Livaxxen
1 regulator · checked 30 Sep 2026
Read the review →
-
Quotex
1 regulator · checked 22 May 2026
IFMRRC · Revoked TSRF RU 0395 AA Vv0161Read the review → -
StreamSter
1 regulator · checked 30 Sep 2026
Read the review →
Capital Market Commission of Montenegro
· Revoked 03/2-2/2-19
-
TMi Markets
1 regulator · checked 30 Sep 2026
Read the review →
MISA
· Liquidated T2022131
Brokers without an active license
No license we could find on a regulator's register. Offshore company registrations are not counted as licenses.
-
AGEA
0.0
Dissolved broker with a revoked Montenegro investment-services license
-
AlphaPro
0.0
Unauthorized forex website cited in a 2022 CONSOB blocking order
-
Novum Capital
0.0
BaFin warning for unauthorized services and identity misuse
-
CrowFX
0.1
Web-based copy trading without a verified financial-services license
-
MaxCapital
0.1
FCA and CNMV warnings, with no verified trading license
- CI Circle Markets 0.2 Former New Zealand forex broker, liquidation began in 2020
-
FintechFX
0.2
Defunct offshore forex brand with a cancelled ASIC licence and warning-list history
-
Modern Markets
0.2
No verified license; listed website inaccessible during scan
-
Livaxxen
0.3
Forex platform whose MISA license is listed as liquidated, with regulator warnings in France and New Zealand
-
HiWayFX
0.3
Closed forex broker with former CySEC license 252/14
-
ProfitiX
0.3
FCA and New Zealand FMA warnings, with no verified forex license
-
Tradesto
0.3
Former ECN/STP broker with regulator warnings and no active verified licence
-
BforeX
0.4
Inactive forex brand with multiple regulator warnings and a former domain now for sale
-
FXLeader
0.4
Defunct forex brand with FCA and Consob regulatory warnings
-
TMi Markets
0.4
Former multi-asset trading platform with an expired Mwali license and a parked website
-
X5Pro
0.4
Inactive broker site with a disputed Mwali licence record and FCA warning
-
Veracity Markets
0.5
Former South African CFD broker sanctioned by the FSCA for unauthorized OTC trading
-
StreamSter
0.5
Former AGEA forex platform, license revoked and operations ceased
-
Capitaliko
0.5
Direct CFD trading, no prop evaluation found, regulator warnings in France, Spain, Cyprus
-
FinFX
0.6
Closed forex broker with withdrawn CySEC license 234/14
-
Tradoverse
0.6
Simulated multi-asset trading through proprietary web and mobile apps
-
VisionTrade
0.6
Simulated prop-trading challenges from an Estonian operator now in liquidation
-
EnviFX
0.7
Offshore broker whose MISA license is listed as suspended, with website-access concerns
-
ABFX
0.7
Unregulated forex brand with an MFSA warning and no verified current trading terms
-
InvestRex
0.7
Wholesale CFD liquidity with no retail onboarding
-
LGTrading
0.7
STP-ECN CFD broker with a MISA licence claim that does not match the registered entity
-
MFM Securities
0.7
MT4/MT5 broker with an SC Malaysia alert and no active VFSC licence verified
-
Adamant Finance
0.8
No verified forex license and no confirmed current trading access
-
ArgoTrade
0.8
ArgoTrade domain unavailable, Seychelles licence link not currently verified
-
EagleFX
0.9
Unregulated Dominica-based broker, merged into LHFX in March 2025
-
Red Arrow
0.9
Offshore forex and CFD access with four account tiers and 1:100 leverage
-
ForexTrade1
0.9
Forex signals, managed accounts, copy trading, and MT4/MT5 tools
-
IQ Broker
1.0
Digital and Turbo options plus CFDs on proprietary web and mobile apps
-
HonorFX
1.1
MT5 trading across 40 forex pairs and 275+ instruments
-
Fountain Tech
1.2
CFD operator whose MISA license is listed as suspended, with disputed regulatory standing
-
Quotex
1.3
Unregulated offshore binary options platform on the FCA and CMVM warning lists
-
City Credit Capital
1.6
Former FCA-authorised CFD broker now in creditors' voluntary liquidation
-
Goldenburg Group
1.6
CySEC license suspended, voluntary renunciation pending, liquidation in progress
-
Axiance
1.9
MT4 and MT5 CFD broker with former offshore licences no longer active
-
Tradeo
2.7
Former Cyprus-licensed social and copy-trading broker, now inactive
-
LegacyFX
3.3
MT5-only broker whose CySEC licence is now listed under another company
Compiled from the regulators' public warning lists and registers at each review's check date. Brokers not reviewed on FXSharp are not included; check the regulator's own list before depositing anywhere. License Watch: changes by month → Report a warning we missed →