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Forex and CFD trading can be a lucrative activity for investors who are looking for high returns and diversification. However, it also comes with significant risks, especially if you choose to trade with an unregulated broker. Unregulated brokers are not supervised by any authority and do not have to comply with any rules or standards. They can manipulate prices, charge hidden fees, deny withdrawals, or even disappear with your money. One such broker is, which we will expose in this blog post.

Regulation and Compliance: claims to be owned and operated by AI FX Markets Ltd, a company registered in St. Vincent and the Grenadines. However, this does not mean that the broker is regulated or authorized to offer financial services. St. Vincent and the Grenadines is a notorious offshore jurisdiction that does not regulate forex and CFD brokers. Therefore, is not bound by any rules or regulations that protect traders’ rights and interests. Moreover, the broker does not provide any information about its license number, registration number, address, or contact details on its website. This raises serious doubts about its legitimacy and transparency.

Customer Support:

Another red flag about is its poor customer support. The broker does not offer any live chat or phone support, which are essential channels for resolving issues and answering queries. The only way to contact the broker is through an email form on its website, which may take days or weeks to get a response. Furthermore, the broker does not have any social media presence or online reputation, which makes it hard to verify its credibility and trustworthiness.

Customer Reviews:

We have searched the internet for customer reviews about, but we could not find any positive or negative feedback from real traders. This indicates that the broker is either very new or very unpopular in the market. Either way, this is not a good sign for a broker that claims to offer high-quality trading services and products. It also suggests that the broker may be using fake testimonials and reviews on its website to lure unsuspecting customers.

Shielding Your Finances: Measures to Avoid Scam Brokerages:

If you want to avoid falling victim to scam brokerages like, you should follow some basic precautions before choosing a trading partner. Here are some of them:

– Check the regulation and license of the broker. Always trade with brokers that are regulated by reputable authorities such as the FCA, ASIC, CySEC, or NFA. These regulators ensure that brokers follow strict rules and standards that protect traders’ funds, data, and rights.

– Check the reputation and feedback of the broker. Always do your research and read online reviews from real traders who have experience with the broker. Look for positive and negative aspects of the broker’s services, products, features, and performance.

– Check the terms and conditions of the broker. Always read the fine print and understand the fees, charges, commissions, spreads, leverage, margin requirements, withdrawal policies, and other terms and conditions of the broker. Avoid brokers that have hidden fees, unreasonable clauses, or unfair practices.

– Check the security and safety of the broker. Always use brokers that have secure websites, platforms, and payment methods. Look for SSL encryption, firewall protection, anti-virus software, and other security measures that prevent hackers from accessing your personal and financial information.

– Check the customer support of the broker. Always test the responsiveness and professionalism of the broker’s customer support team. Look for live chat, phone support, email support, FAQ section, educational resources, and other tools that help you solve problems and improve your trading skills.

Conclusion: is an unregulated entity that poses a high risk of scamming traders who are looking for forex and CFD trading opportunities. The broker does not have any regulation, license, reputation, transparency, or customer support. It may also have hidden fees, manipulated prices, withdrawal issues, or other fraudulent activities. Therefore, we advise you to stay away from this broker and look for more reliable and trustworthy alternatives in the market.

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