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SCAM ALERT! Swiss Watchdog FINMA Issues Fresh Warning on Suspicious Brokers
Abstract：The Swiss Financial Market Supervisory Authority (FINMA) has issued a warning list and added 9 new scam brokers that are operating illegally in the forex market and deceiving people. Check out the list below to stay safe from this investment scam and protect your money.
The Swiss Financial Market Supervisory Authority (FINMA) has issued a warning list and added 9 new scam brokers that are operating illegally in the forex market and deceiving people. Check out the list below to stay safe from this investment scam and protect your money.
List of Unauthorized Brokers
1. Evolution Zenith / evolution-zenith.com - www.evolution-zenith.co; www.molanio.com
2. dbm.ag - www.dbm.ag
3. AlfaFXPro AG / alfafxpro.com - https://alfafxpro.com/
4. Crestview Wealth Partners Ltd - www.crestview-wealth-partners.ltd
5. primeinvests.eu - www.primeinvests.eu
6. Take Profit Markets Finance (Switzerland) AG / tpm-finance.com - https://tpm-finance.com/
7. Kings Point International Company (Switzerland) AG / kingspoint-ic.com / Kingspoint IC- www.kingspoint-ic.com
8. RiseProfitFx - www.riseprofitfx.net
9. BITBinvest / bitbinvest.co / www.bitbinvest.net- www.bitbinvest.co; www.bitbinvest.net
Why You Should Take FINMA Warning Seriously?
When the Swiss Financial Market Supervisory Authority (FINMA) issues a warning, it's not just a casual notice but it's a red flag backed by serious regulatory insight. FINMA is one of the most trusted financial watchdogs globally, known for its rigorous standards and thorough investigations. A warning from FINMA often means that a company or broker is operating without a license, engaging in suspicious activities, or putting investors at risk. Ignoring these warnings can lead to financial loss, scams, or legal complications. Simply put, if FINMA raises the alarm, its wise to pay attention — your money and safety could be at stake.
Read this article too- www.wikifx.com/en/newsdetail/202508203654704293.html
How to Stay Away from Scam Brokers?
1. Check Regulatory Status
Always verify if the broker is licensed by a recognized authority (e.g., SEBI, FINMA, FCA). Regulated brokers must follow strict rules to protect investors.
2. Avoid Unrealistic Promises
Be cautious of brokers offering guaranteed profits or high returns with little to no risk. These are classic red flags.
3. Verify Contact Information
A legitimate broker will have a physical office, working phone numbers, and professional email addresses. Scam brokers often hide behind vague or fake contact info.
4. Read Online Reviews and Complaints
Search for user feedback, reviews, and scam alerts. Multiple negative reviews or unresolved complaints are warning signs.
5. Test Customer Support
Contact their support team with questions. Poor or evasive responses could indicate a scam.
6. Beware of Pressure Tactics
If a broker pushes you to deposit quickly or invest large amounts, take a step back. Scammers often use urgency to trap victims.
7. Check Withdrawal Policies
Scam brokers usually make it hard to withdraw your money. Read the fine print and look for hidden fees or restrictions.
8. Look for Secure Payment Methods
Use brokers that offer secure, traceable payment options. Avoid those who insist on crypto or wire transfers to unknown accounts.
9. Confirm Website Legitimacy
Scam brokers may copy the design of real firms. Double-check the URL, company registration, and official listings.
10. Register Your Complaints
Join WikiFX Community
Be attentive and stay updated with WikiFX. You can get all the information you need to know about the Forex market, fraud alerts, and the latest news related to Forex trading — all in one place. Join the WikiFX Community by scanning the QR code at the bottom.
Steps to Join
1. Scan the QR code below
2. Download the WikiFX Pro app
3. After installing, tap the Scan icon at the top right corner
4. Scan the code again to complete the process
5. You have joined!
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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For any experienced forex and CFD trader, the mechanics of moving capital are as critical as the trading strategy itself. The efficiency, security, and transparency of a broker's funding procedures form the bedrock of a trustworthy, long-term trading relationship. A broker can offer the tightest spreads and the most advanced platform, but if depositing funds is cumbersome or withdrawing profits is a battle, all other advantages become moot. This review provides a data-driven examination of Stonefort Securities withdrawals and funding methods. We will dissect the available information on payment options, processing times, associated costs, and the real-world user experience. Our analysis is anchored primarily in data from the global broker regulatory inquiry platform, WikiFX, supplemented by a critical look at publicly available information to provide a comprehensive and unbiased perspective for traders evaluating this broker.
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MH Markets Deposits and Withdrawals Overview: A Data-Driven Analysis for Traders
For any experienced trader, the integrity of a broker is not just measured by its spreads or platform stability, but by the efficiency and reliability of its financial plumbing. The ability to deposit and, more importantly, withdraw capital without friction is a cornerstone of trust. This review provides an in-depth, data-driven analysis of the MH Markets deposits and withdrawals overview, examining the entire fund management lifecycle—from funding methods and processing speeds to fees and potential obstacles. MH Markets, operating for 5-10 years under the name Mohicans Markets (Ltd), has established a global footprint. With a WikiFX score of 7.08/10, it positions itself as a multi-asset broker offering a range of account types and access to the popular MetaTrader platforms. However, for a discerning trader, the real test lies in the details of its payment systems and the security of their funds. This article dissects the MH Markets funding methods withdrawal experience, leveraging pr
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GAIN Capital Review: Exploring Complaints on Withdrawal Denials, Fake Return Promises & More
Is your forex trading experience with GAIN Capital full of financial scams? Does the broker disallow you from withdrawing your funds, including profits? Have you been scammed under the guise of higher return promises by an official? Does the GAIN Capital forex broker not have an effective customer support service for your trading queries? Concerned by this, many traders have shared negative GAIN Capital reviews online. In this article, we have discussed some of them. Read on!
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