Global Broker Regulation Inquiry App
About WikiFX
Broker Search
English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

اردو

Download
plexytrade Review 2026: Unregulated Status, Extreme Leverage, and Slippage Complaints

plexytrade Review 2026: Unregulated Status, Extreme Leverage, and Slippage Complaints

The available data for plexytrade shows the broker operates without verified regulatory licenses and holds a low WikiFX score of 2.05. Indian traders should cautiously review user complaints alleging severe slippage and negative balances before depositing funds.

Exposure
UITFX Review 2026: Unregulated Status and Withdrawal Warnings

UITFX Review 2026: Unregulated Status and Withdrawal Warnings

UITFX is an unregulated broker operating since 2022 with a very low WikiFX risk score. Indian traders should exercise extreme caution as user complaints indicate unresolved withdrawal issues and poor customer support response.

Exposure
Brokers With Maximum Credible Regulatory Licences

Brokers With Maximum Credible Regulatory Licences

Walk into any forex marketing pitch in India in 2026 and the first claim you will hear is some variation of "we are regulated by multiple international authorities". The implication is obvious — multiple regulators equals safer brokers. But after WikiFX has documented thousands of complaint cases from Indian and other South Asian traders, one inconvenient truth has become impossible to ignore: Not all regulatory licences are equal. Not even close. A broker can claim "regulated by 5 authorities" — and if those 5 authorities are all offshore-tier (MISA, Vanuatu, Seychelles, Saint Lucia, Comoros), it offers approximately the same protection as no regulation at all. Meanwhile, a single FCA or ASIC licence carries more practical investor protection than a dozen offshore registrations stacked together. This is the WikiFX 2026 ranking of forex brokers by genuine regulatory credibility — measured not by quantity of licences, but by the strength and enforcement weight of the regulators behind

News
BONUS Review 2025: Is This Forex Broker Safe?

BONUS Review 2025: Is This Forex Broker Safe?

BONUS is an unregulated broker established in 2017 with a WikiFX Score of 1.62. Available data shows limited transparency on trading conditions, no verified regulatory license, and user feedback pointing to weak customer guidance.

Exposure
Manual vs. Mechanical Trading: Turning Market Feel Into Automated Rules on MT5

Manual vs. Mechanical Trading: Turning Market Feel Into Automated Rules on MT5

This article explains the transition from subjective, emotion-driven manual trading to mechanical, rule-based execution. Aimed at beginners who struggle with the demands of screen time and emotional discipline, it highlights how platforms like MetaTrader 5 (MT5) and cloud computing allow traders to semi-automate their strategies using Expert Advisors (EAs).

News
Deriv Review 2025: Is This Forex Broker Safe?

Deriv Review 2025: Is This Forex Broker Safe?

Deriv is a regulated forex broker on WikiFX with a score of 6.88 and an AAA influence rating, but the profile also shows 51 recent complaints and 4 regulatory disclosure records. This review evaluates its licenses, MT5 trading setup, reported user issues, and overall risk level based strictly on the supplied WikiFX data and user cases.

Exposure
The Language of Forex: Understanding Pips, Spreads, and Profit Calculation

The Language of Forex: Understanding Pips, Spreads, and Profit Calculation

For Indian beginners stepping into the Forex market, understanding the basic language of trading is essential before placing a single order. This guide breaks down the core mechanics of pips, spreads, and quotations, explaining exactly how minor currency movements translate into actual profit and loss.

News
Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

News
Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

News
XTB Exposure Report 2026: Mounting KYC & Fund Withdrawal Complaints

XTB Exposure Report 2026: Mounting KYC & Fund Withdrawal Complaints

XTB, a veteran with over 15 years of experience in the competitive brokerage industry, has reportedly been facing severe user allegations concerning a tedious KYC verification process and blocked withdrawals despite numerous requests by traders globally. Traders worldwide, including those from the United States and the United Kingdom, have objected to the broker’s operational methodology in 2026. If you are one of them, this XTB review is worth reading! In this article, we have examined several user allegations to understand their concerns. Additionally, we have shared our analysis on the XTB regulation status. The holistic approach adopted by us will likely help you make an informed brokerage decision.

Exposure
FBS Review 2026: Complaints, Withdrawals, and Risk Signals

FBS Review 2026: Complaints, Withdrawals, and Risk Signals

FBS holds major regulatory licenses from CYSEC and ASIC, but faces a severe pattern of recent user complaints regarding deleted profits and rejected withdrawals. Indian traders should exercise strong caution and verify ongoing regulatory compliance before risking capital.

Exposure
How Outcome Bias Tricks Beginners into Copying the Wrong Trades

How Outcome Bias Tricks Beginners into Copying the Wrong Trades

Outcome bias occurs when a trader evaluates a decision based solely on its final result, ignoring the process and market conditions that led there. This article explains how this psychological trap causes Indian beginners to copy misleading strategies or celebrate reckless trades, and why focusing on process over profits is critical for long-term trading survival.

News
Globinok Review 2026: Traders Cry Foul as Funds Disappear from the Platform

Globinok Review 2026: Traders Cry Foul as Funds Disappear from the Platform

Globinok, a Comoros-based new-age trading enterprise, is receiving bad reviews from users across India, in particular. These users have accused the brokerage firm of failing to deliver on their trading promise. This included failing to ensure the AI-based trading experience promised by them. The sudden disappearance of the account manager has been another key complaint highlighted by users. In this Globinok review article, we have shared user reviews and a regulatory overview of the broker.

Exposure

How the ‘double scar’ of past inflation woes and geopolitical shocks amid the Iran war is hitting consumers

Mental "scars" reinforce fears of stagflation, when rising prices coincide with declining growth, research finds.

Industry
IG Japan Makes 2FA Mandatory as Phishing Threats Hit Online Brokers

IG Japan Makes 2FA Mandatory as Phishing Threats Hit Online Brokers

IG Japan will require all clients to enable two-factor authentication as phishing attempts and unauthorized login risks continue to affect online trading accounts.

News
That Backtest Curve That Only Goes Up Is Waiting for the One Candle That Wipes You Out Overnight

That Backtest Curve That Only Goes Up Is Waiting for the One Candle That Wipes You Out Overnight

As AI coding tools spread, a thought is surfacing in more and more traders’ minds: since writing code is now this easy, can I build a few forex EAs myself and let the program trade and earn money automatically? The idea is not naive - automation is genuinely a real and valuable direction in trading. But before you invest your time, several key questions must be thought through first: what do those "profitable EAs" on the market actually rely on? What does a system that truly survives long-term look like? How much can AI help here, and how much can it not? (An EA, or Expert Advisor, is a program that can automatically execute a trading strategy.)

News
AlphaTick Review 2026: Should You Trade with This Broker?

AlphaTick Review 2026: Should You Trade with This Broker?

This AlphaTick review provides an assessment of the broker's regulatory status, operational background, and overall standing based on information available on WikiFX.

Exposure
FBS Review 2025: Is This Forex Broker Safe?

FBS Review 2025: Is This Forex Broker Safe?

FBS is a regulated forex broker with a WikiFX Score of 7.59/10, CYSEC and ASIC licenses, MT4/MT5 support, and an A-rated trading environment. However, WikiFX data also shows one regulatory disclosure and a high volume of recent user complaints involving withdrawals, slippage, price execution, account restrictions, and profit adjustments.

Exposure
FBS Review 2026: Massive Complaints, Withdrawal Risks, and Slippage Concerns

FBS Review 2026: Massive Complaints, Withdrawal Risks, and Slippage Concerns

FBS holds recognized regulatory licenses but is currently facing a massive influx of severe user complaints regarding blocked withdrawals and canceled profits. Because of these intense risk signals, Indian traders should exercise extreme caution before depositing funds.

Exposure
VTINDEX Review 2026: Complaints, Account Risks, and Unclear Regulation

VTINDEX Review 2026: Complaints, Account Risks, and Unclear Regulation

VTINDEX is an unregulated offshore broker based in Mauritius with a severely low WikiFX risk score of 2.15. Recent complaints from an Indian trader regarding sudden account wipeouts and unresponsive customer support indicate an extremely high level of risk.

Exposure
Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com