CFD Brokers Warning List

This broker directory is an alphabetical listing CFD brokers we believe traders should avoid.

The most common reasons for not recommending a broker are a lack of suitable regulation. The specific reasons for our disapproval are detailed on each broker review page along with some data and information about the broker.

We encourage traders to use this directory to verify whether a broker is considered trustworthy. If you find that we do not recommend your broker, then please use our lists to find a more suitable broker in our State of the Market report.

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Broker

Overall Rating

Regulation

Read Review

Min. Deposit

Trading Cost

Leverage

Trading Desk Type

2.87

No

Read Review USD 5USD 10400:1Market Maker

3.48

No

Read Review USD 100USD 82000:1Market Maker

1.86

No

Read Review USD 5USD 105100:1Market Maker

2.67

No

Read Review USD 100USD 30500:1STP

3.28

No

Read Review USD 100USD 18100:1Market Maker

2.09

No

Read Review USD 5USD 100-Market Maker

2.52

No

Read Review USD 50USD 14200:1ECN/DMA

2.67

No

Read Review USD 200USD 1550:1ECN/DMA

2.98

No

Read Review USD 100USD 10200:1ECN/DMA

Visit Broker

2.72

No

Read Review USD 100USD 100500:1ECN/DMA

3.12

No

Read Review USD 50USD 191000:1ECN/STP

2.68

No

Read Review USD 50USD 5500:1ECN/DMA

2.63

No

Read Review USD 5USD 17500:1ECN/DMA

2.97

No

Read Review USD 5USD 131000:1Market Maker

2.65

No

Read Review USD 5USD 202000:1ECN/DMA

2.62

No

Read Review USD 100USD 13200:1Market Maker NDD

3.03

No

Read Review USD 1USD 203000:1Market Maker NDD

3.07

No

Read Review USD 5USD 16500:1ECN/DMA, Market Maker

2.59

No

Read Review USD 100USD 101000:1Market Maker

2.95

No

Read Review USD 1USD 530:1Market Maker

2.95

No

Read Review USD 500USD 5100:1STP

2.77

No

Read Review USD 100USD 30500:1STP

2.87

No

Read Review USD 10USD 17500:1STP

2.09

No

Read Review USD 10USD 13500:1ECN/STP

2.62

No

Read Review USD 1USD 201000:1Market Maker

2.68

No

Read Review USD 10USD 81000:1Market Maker

Visit BrokerDemo

2.78

No

Read Review USD 1USD 22200:1Market Maker

2.83

No

Read Review USD 0USD 830:1Market Maker

3.40

No

Read Review USD 300USD 6500:1Market Maker

Visit Broker

2.92

No

Read Review USD 50USD 121000:1Market Maker

2.67

No

Read Review USD 20USD 12500:1STP

3.15

No

Read Review USD 250USD 100400:1Market Maker

2.77

No

Read Review USD 1000USD 6.50100:1STP

3.25

No

Read Review USD 100USD 18500:1ECN/STP

3.28

No

Read Review USD 10USD 41000:1STP

2.52

No

Read Review USD 300USD 3050:1ECN/DMA

2.67

No

Read Review USD 5USD 1001000:1Market Maker

2.53

No

Read Review USD 250USD 22500:1Market Maker

3.28

No

Read Review USD 10USD 8500:1ECN/STP

3.21

No

Read Review USD 10USD 42000:1Market Maker

Visit Broker

2.50

No

Read Review USD 10000USD 100100:1ECN/STP

2.72

No

Read Review USD 0USD 0500:1STP

2.74

No

Read Review USD 5USD 201000:1ECN/DMA, Market Maker

3.20

No

Read Review USD 10USD 211000:1ECN/STP

2.85

No

Read Review USD 5USD 51000:1ECN/DMA

Visit Broker

2.97

No

Read Review USD 250USD 7500:1ECN/STP

2.67

No

Read Review USD 25USD 151000:1STP

Visit Broker

2.91

No

Read Review USD 250USD 1750:1Market Maker

Regulator Warning List

This is a constantly updated list of all fraudulent investment companies and scam brokers identified by regulators across the globe. If you have concerns, we strongly encourage you to search this list to verify that the broker you are considering doing business with isn’t listed here. If the broker you are searching for is on this list, you should stay away and select a more suitable broker.

Regulators add firms to this list as soon as possible, but it’s not exhaustive. Don’t assume a firm is legitimately authorised or registered just because it doesn’t appear on this list. Fraudulent investment firms and scam brokers frequently change their names, and they may not have been reported to a regulator yet.