Beatrix Fairmont

BUX was fined 1.6 million euros by the Dutch AFM over finfluencer referral payments. Read how the ruling was upheld on appeal and what it means for traders comparing the Best Forex Brokers in 2026.

GAIN Capital UK was ordered to pay nearly 500,000 dollars by the CFTC for onboarding unregistered US traders. See the full case and how FOREX.com compares in the Best Forex Brokers in 2026 ranking.

Generic Trade carries a clean disciplinary record but discloses little about its own registration on its site. See the full review and how it compares in the Best Forex Brokers in 2026 ranking.

Optimus Flow promotes a path to getting funded, while its own disclaimer says Paper to Trader LLC provides no funding, capital or sponsored accounts.

Financial Ombudsman Service upholds two Trading 212 ISA transfer delay complaints. Full review of both 2025 decisions and outcomes.

Funding Pips traders dispute September 2026 account breaches they say conflicted with the firm’s published news-trading and stop-loss rules.

IQ Option appears on the Reserve Bank of India Alert List of platforms not authorised to deal in forex or operate an electronic trading platform in India.

Funded Trading Plus customers alleged slower support, delayed approvals and payout issues after its May 2026 acquisition by Instant Funding.

Leeloo Trading held a 3.1 Trustpilot rating as multiple 2026 reviewers alleged requested payouts were reduced under consistency or sizing rules.

ARA Markets claimed Australian registration, but no matching ASIC entity was found and its former broker domain is now parked and listed for sale.

Funder Trading advertises accounts up to $250,000, while its terms call it solely an educator and its Trustpilot rating stood at 1.0 across 18 reviews.

A WeTrade app carried a 1.7 Trustpilot rating across 101 reviews, while a separate WeTrade presentation marketed five licences and industry awards.

DTTW now redirects to RealTrading.com, while a separately named Direct Trading Technologies UK firm lost its FCA authorisation in March 2025.

Hankotrade held a 4.9 Trustpilot score across 2,778 reviews while remaining on the CFTC RED List since July 2022 for unregistered US solicitation.

Blue Forex Funds held a 1.2 Trustpilot rating across 167 reviews, with a dated pattern of traders alleging that passed challenges were never paid.

Both hfx.com and hfx.co are parked and listed for sale, one at $100,000, while no single operating entity behind the exact HFX brand could be confirmed.

TradeFundrr carried a 4.2 Trustpilot rating across 79 reviews, with specific 2026 payout reports alongside complaints about verification delays and trading rules.

AlphaApexCapital, identified in the supplied research as Apex Capital Funding, carried a 3.2 Trustpilot score amid six recent payout and account complaints.

Elite Funded’s domain now redirects to a resale listing after a trader said the site went offline days before an expected funded-account payout.

Forex Capital Funds’ domain now redirects to a resale listing after reviewers described blocked accounts, nonfunctioning access and unanswered support requests.

Funded Pro Trader promotes more than 950 traders, but its four-star Trustpilot record showed no dated review newer than March 2025 in the supplied research.

Next Funded’s former domain now redirects to a GoDaddy resale page, leaving no active public challenge service, terms, dashboard or official support route.

NPB Markets’ Trustpilot rating was unavailable for a guidelines violation after a trader alleged that the broker denied two documented accounts had ever existed.

Trade Capital Funding’s domain now redirects to a HugeDomains sale page, with no distinct Trustpilot record or disclosed operating entity behind the exact brand.

N1CM’s Trustpilot rating is unavailable after a guidelines breach while traders allege withdrawals remained unpaid for months and, in some cases, over a year.

Nova Funding’s domain now redirects away from the brand after 18 dated reviewers allegedly described failed migrations, denied payouts and unresponsive support.

CFI Financial’s Trustpilot rating is unavailable after a guidelines breach while traders allege ignored stop-loss orders, slippage and a delayed withdrawal.

The Trading Pit’s Trustpilot rating is unavailable after a guidelines breach while traders allege live accounts or payouts were denied after passing evaluations.

HYCM held a 1.8 Trustpilot rating in the supplied research while reviewers alleged rejected payouts, account closures and a withdrawal delayed for 90 days.

FxPro’s Trustpilot rating is unavailable after a guidelines breach while two independent reviewers cite a 15-day withdrawal wait and others allege payment problems.

The Reserve Bank of India added NordFX to its Alert List of entities not authorised to deal in forex or operate a forex electronic trading platform in India.

Six InstaForex complaints from November 2025 to August 2026 allege withdrawals remained stuck for days or weeks, with reviewers citing processing and server issues.

Six STARTRADER complaints posted within 13 days in March 2026 allege withdrawals stalled, arrived only in part or were marked successful without reaching a bank.

A Philippine SEC advisory says Exness Global Limited lacked local registration while its platform and social campaigns targeted Filipino investors.

Two August 2026 Moneta Markets complaints allege a rejected withdrawal with no explanation and profit removed from a separate trading account.

VT Markets’ Trustpilot rating is unavailable after fake reviews were removed while four late-August complaints allege deposits or withdrawals became inaccessible.

The Ontario Securities Commission says Windsor Brokers (BZ) Ltd and windsorbrokers.bz are not registered in Ontario to trade in securities.

Lark Funding traders describe a payout stalled after a payment processor stopped serving Ukraine and a separate account-breach dispute answered by its CEO.

More than twenty RoboForex complaints inside one month describe reversed profits and blocked withdrawals, including disputed five-figure balances.

Taurex’s Trustpilot rating is unavailable after a guidelines breach while traders and the FCA-regulated broker sharply dispute reversed profits.

Tickmill’s Trustpilot rating is unavailable after a guidelines breach while four August 2026 complaints describe frozen accounts and blocked withdrawals.

AquaFunded’s Trustpilot rating is unavailable after a guidelines breach, while six August 2026 complaints describe payout, drawdown and activation-fee disputes.

Elite Trader Funding holds a 3.8 Trustpilot rating, but four August 2026 reviews allege payout denials, processing delays and rules not clearly surfaced before funding.

JFD Brokers’ client base moved to GBE Brokers in an eight-figure April 2026 deal after customers alleged unreturned funds and escalated complaints to CySEC.

Scope Markets traders allege withdrawals were held for weeks and profits were removed without evidence in five complaints spanning September 2025 to July 2026.

UProfit’s Trustpilot rating is unavailable over a guidelines breach as traders allege accounts were closed at the daily loss limit and payouts were denied or delayed.

Funded Nation traders allege approved payouts went unpaid, KYC checks stalled and platform failures caused losses across an 18-month complaint pattern.

Funded Peaks disappeared amid unpaid-payout and exit-scam allegations, while the former prop firm’s domain now publishes sweepstakes casino reviews.

Headway drew 87 complaints in a three-month review window as traders alleged zeroed balances, seized profits, declined withdrawals and blocked logins.

Long Asia operates without a verified forex license as traders allege a false MAS claim, trapped balances and withdrawals requiring legal intervention.

XTrend Speed advertises CySEC and FSCA license numbers that the reviewed material could not match to the broker as traders allege rejected withdrawals.

Trustpilot removed For Traders’ headline rating after finding fake reviews, while traders allege payouts were denied using vague accusations.

The Seychelles FSA says Grand Capital Limited has never been authorised in the jurisdiction, while traders continue to report withdrawal problems.

Olymp Trade relies on a Vanuatu license while monitoring records show numerous exposure complaints, including a reported $15,000 loss over four years.

No verified forex license was found for Pocket Option, while traders allege five-figure balances and smaller profitable accounts were frozen.

Traders With Edge is marked closed after its website went dark, following dated complaints alleging denied payouts, deleted accounts and no support.

CySEC withdrew Conotoxia Ltd’s license after a year-long suspension over governance, management and shareholder-suitability failures.

FX2 Funding traders across four countries report disabled accounts, stalled identity checks and inactive withdrawal controls after requesting payouts.

Independent checks list GWFX’s Vanuatu license as revoked, its claimed FCA status as unverified and no physical office at its stated UK address.

Orbex told EU clients to close accounts in July 2025, but CySEC’s public register continued to show license 124/10 as active more than a year later.

Squared Financial paid two CySEC settlements in November 2025, surrendered its Cyprus license one month later and later faced offshore withdrawal complaints.

A Deriv trader’s complaint over $17,707 in seized profit remains active before the Financial Commission, with the broker’s pricing data disputed.

WikiFX field surveys reported no confirmed Doo Prime office at four listed addresses amid 35 complaints and a 2.85 trust score.

WikiFX placed FBS on its Complaint Blacklist and found no office at its Belize address, despite genuine licenses elsewhere in the group.

The NFA fined OANDA $600,000 over five categories of failure and cited a related 2021 case that had already cost the broker $200,000.

RoboMarkets paid CySEC €100,000 over possible retail CFD marketing and client-assessment breaches, following a separate 2023 order.

ATFunded paused operations in June 2026 after two senior departures, promising active-account refunds and eligible funded-trader payouts.

WikiFX placed JustMarkets on its Complaint Blacklist after documenting withdrawal, account-access and pricing allegations.

France’s AMF has listed multibankfx.com as unauthorised since 2022, despite MultiBank Group’s marketing around its global licenses.

The FCA refreshed its warning that T4Trade lacks UK authorisation in August 2026. The broker operates under a Seychelles license.

TradeStation settled 481 apparent sanctions violations after several technology controls were disabled, abandoned or allowed to expire.

PROP NAVI corrected Fintokei’s rating from 4.0 to 3.0 after finding its longevity weighting had been applied incorrectly—and disclosed affiliate commission.

Instant Funding acquired Funded Trading Plus, then announced a Saint Lucia CFD brokerage and launched crypto accounts. Here is how the group has changed.

SurgeTrader closed in May 2024, seven weeks after Match Trade issued a platform-license termination notice. The companies disputed why it happened.

Topstep faced 11 reported platform outages in late 2025. Eight months after its CEO promised a January fix, its Trustpilot score remained at 3.6.

TradingFunds has been folded into FTUK. Existing accounts were promised continuity, while new sales moved to a multi-entity group spanning three jurisdictions.

Admirals surrendered its Estonian investment-firm licence, shifted clients to Cyprus and reported falling activity while INFINOX holds reported acquisition talks.

Atlas Funded advertises a 24-hour payout target while its help centre says one to three business days. Its 100 percent split and funded drawdown also require closer reading.

LCG executives Matt Basi and Dave Worsfold bought the FCA-regulated broker from FlowBank’s creditors, ending more than two years of ownership uncertainty and restrictions.

LMAX Group, parent of FCA-regulated LMAX Global, is exploring a sale or Nasdaq listing at a valuation of up to $5 billion. We examine the valuation and what it means for clients.

Recent TickTickTrader reviews describe live-account migrations and payouts stalled for months, alongside unresponsive support. We examine the documented complaint pattern.

Earn2Trade published an 8.89 percent pass rate for 2025, while separate research found only around 18 percent of funded accounts recorded even one withdrawal that year.

Lux Trading Firm advertises instant withdrawals processed within hours, while an independent PROP NAVI review documents monthly requests at the Professional stage and a recurring thirty day hold complaint.

MyFundedFutures topped PropScorer’s August 2026 ranking of 49 futures prop firms with 126 million dollars paid across 56,937 payouts, following a compliance overhaul driven by its clearing partners.

QT Funded, the trading name of Quant Tekel, faces a documented pattern of denied and delayed payouts across at least seven cases running from October 2025 through March 2026.

Tradeview Markets is generating fresh complaints alleging unauthorised fund removal and account closures nine years after Spain’s CNMV named the firm as operating without authorisation.

CySEC reached a 50,000 euro settlement with SQ Sey, the Seychelles entity behind SquaredFinancial's non-EU business, over authorisation concerns linked to Cyprus. A rare case of a European regulator reaching the offshore layer of a broker group.

CySEC fined Leadcapital Markets, the operator of Trade.com, 30,000 euro over failing to act honestly and fairly toward its clients in Romania between 2016 and 2017. A small penalty attached to the largest conduct principle in regulation.

Payward posted $508 million in Q2 2026 revenue, up 17 percent, while platform volume fell 18 percent. It also bought prop trading firm Breakout.

CySEC reached a 50,000 euro settlement with Charlgate, the operator of Fxview, over the protection of client funds and order execution in 2024. These are the two areas where a broker's conduct most directly touches a trader's money.

XTB is examining a systematic internaliser model to execute stock and ETF orders against its own inventory, months after a 20 million zloty KNF fine.

CySEC fined Hoch Capital, operator of iTrader and TradeATF, 260,000 euro over wide compliance breaches, then withdrew its licence. A fine that touched almost everything, followed by the end of the authorisation — here is the full arc.

Revolut has handed its MiCA licensed Cyprus crypto entity to a forex industry insider. Georgios Vasiliou spent 12 years at XM and five running Trading.com.

CySEC fined FXBFI, the operator of 101investing, 150,000 euro in 2022 and a further 50,000 euro for AML failings in 2023, and later withdrew its licence. Two fines across different compliance failures before the licence goes.

CySEC reached a 100,000 euro settlement with Begin Capital Markets in November 2022, months after a 170,000 euro one. The firm runs ProfitLevel and CapitalPanda. One settlement is an incident. Two in the same year is a pattern.

CySEC fined retail forex broker F1 Markets 150,000 euro over compliance breaches in 2022, following an earlier suspension made at the request of the UK's FCA. A layered record across more than one jurisdiction.

CySEC reached a 40,000 euro settlement with Cyprus broker Exclusive Change Capital over organisational requirement failings assessed for 2021. The sum is modest, but the category is not — organisational requirements are the machinery that keeps client money safe.

Germany's BaFin ran a market manipulation and insider trading analysis of NAGA after its shares spiked and fell following the 2017 IPO. The firm said it welcomed it.

Israel's securities regulator fined AvaTrade's local arm ATrade 150,000 shekels over a misleading promotional video used in a marketing campaign. Here is the detail.

ASIC cancelled the Australian financial services licence of CFD broker Velos Global Markets in 2025 after the firm stopped providing services under it from around May 2024. Regulated once is not the same as regulated now.

South Africa's FSCA has permanently withdrawn the licence of AfriMarkets Capital after finding it materially broke the country's financial laws, including through the misappropriation of client funds. The firm denies wrongdoing. The case is closely tied to the far larger collapse of Banxso.

CySEC reached a 200,000 euro settlement with CFD broker Colmex Pro in 2025 over authorisation, organisation, conflicts of interest and client disclosure failings found across a two-year supervisory review. When a regulator settles across four load-bearing compliance areas for a substantial sum, the shape of the case tells you more than the absence of an admission does.

NAGA cofounder Yasin Qureshi was sentenced in 2024 over the Cum Ex tax scandal, tied to his earlier role at Varengold Bank. He left NAGA in 2019. Full context.

AvaTrade settled with the Alberta Securities Commission in 2020 over unregistered CFD trading, paying 30,000 dollars and disgorging 213,428 dollars in revenue.

New Zealand's FMA cancelled Rockfort Markets' derivatives issuer licence in 2024 after the firm contravened eight of its licence obligations. Eight breaches is a pattern, not an accident.

The Cyprus regulator has repeatedly penalised Forex24, a licensed foreign exchange and CFD broker, over its inability to file the regulatory reports every Cyprus investment firm is required to submit. The individual fines are small. The pattern behind them is the part worth reading.

Forex broker FXTM (ForexTime) is giving up its UK FCA licence in 2026, pulling back from the British retail market toward the UAE and Asia. The exit is voluntary — no misconduct alleged. But a UK FCA authorisation is one of the strongest credentials a retail forex broker can hold, and FXTM has now given it up, just as it gave up its Cyprus licence before.

CySEC reached a 150,000 euro settlement with NAGA Markets Europe over breaches spanning authorisation, suitability, best execution and product intervention rules.

The FCA fined CFD broker FXTB (Forex TB) 276,100 pounds in 2024 for pressuring clients into trading, unauthorised advice and false professional client status. A system designed to reach directly into clients’ pockets.

Australia's markets regulator has secured the largest penalties in its history. A$300.2 million has been ordered against collapsed CFD issuer Union Standard International Group and its two former authorised representatives — EuropeFX and TradeFred — for systemic unconscionable conduct that deliberately targeted inexperienced and vulnerable clients.

TTCM Traders Trust Capital Markets, a foreign exchange and CFD broker better known simply as Traders Trust, has had its Cyprus licence withdrawn after choosing to hand it back. The firm exits the Cyprus investment firm regime after more than sixteen years on the regulator's register.

South Africa's FSCA has provisionally withdrawn the licence of Imermarket — the company behind the InvesaCapital trading platform — after finding it offered contracts for difference without proper authorisation and gave advice that caused clients to lose money.

South Africa's financial regulator has fined QuickTrade ZAR 710,000 — about USD 44,000 — for breaching the country's anti-money laundering rules, the latest in a steady run of enforcement actions against CFD and forex brokers across the region.

ASIC cancelled FXOpen AU's Australian financial services licence after finding the firm lacked adequate human resources to provide or supervise its licensed financial services — a failure of governance rather than misconduct.

The FCA cancelled XTrade's UK permission after finding the firm had marketed and sold contracts for difference to vulnerable clients who lacked the experience to understand the products. The regulator concluded the firm had failed the suitability and appropriateness tests its own rules required.

Australia's corporate regulator has cancelled the financial services licence of Trive, a contracts for difference issuer that stopped taking on new clients last year after ASIC found serious deficiencies in how it ran its business.

FOREX.com was fined $700,000 by the NFA after it responded to a trading-platform malfunction by clawing back $2.84 million from customers who had come out ahead — while returning just $35,000 to those who had lost.

OANDA, one of the best-known names in retail forex, was fined $500,000 by the CFTC after repeatedly falling below the minimum net capital it was required to hold — and paying itself three dividends while that restriction was in force.

FXCM, once one of the largest retail forex brokers in the US, was fined $7 million and permanently forced out of the American market after the CFTC found it secretly bet against its own customers while marketing a 'No Dealing Desk' platform it claimed had no conflict of interest.

Infinox Capital Limited has been fined £99,200 by the FCA after failing to submit 46,053 transaction reports over six months — a breakdown that left tens of thousands of single-stock CFD trades invisible to the regulator in its first-ever MiFIR enforcement action.

Pepperstone opened 2026 with four awards, then logged 130+ user complaints over withdrawals and slippage. BestForex.io weighs the trophies against the inbox.