As a foreign exchange investor, it is important to understand the trading platform that encounters problems every month. Only in this way can we effectively prevent ourselves from encountering problem platforms and be vigilant in detecting platform anomalies in advance. This is only beneficial for the foreign exchange trading path without harm! FxGecko has developed a list of problematic platforms for investors to refer to and avoid investment risks. Come and see which platforms are on the list, and whether the platform you are using is among them!

The following is the March 2024 ranking list of problematic platforms:

About Prospero

According to the FxGecko app, Prospero has a score of 1.0 and claims to hold a Saint Vincent FSA ordinary registration license that shows "operating beyond the limit"; The Australian ASIC MM market maker license shows "stopped", with a platform complaint volume of up to 23, posing a huge risk!

About STARTRADER

On the FxGecko app, STARTRADER scored 2.67, and its claimed Australian ASIC AR license and Saint Vincent FSA financial services license showed "regulatory failure"; The Seychelles FSA financial services license shows "operating beyond the limit", with a platform complaint volume of up to 26, all related to the inability to withdraw funds, posing a huge risk!

About ETO Markets

By querying the FxGecko app, ETO Markets scored 4.2 points and claimed to hold a Seychelles FSA securities license that showed "over limit operations". The platform has filed up to 24 complaints, posing a huge risk. It is recommended to stay away!

About Anzo Capital

According to the FxGecko app, Anzo Capital's rating is 2.35 points. Its claimed Saint Vincent FSA financial services license, Australian ASIC AR license, and Belize IFSC financial services license show "over limit operation", with a platform complaint volume of up to 18, posing a huge risk. It is recommended to stay away!

About ETB

On the FxGecko app, the ETB score is 2.21 points, and the FxGecko app shows "delayed withdrawal", which poses a huge risk. It is recommended to stay away!

About SSIM

On the FxGecko app, the SSIM score was 1.12, and it was claimed that the Canadian FINTRAC financial services license held showed "operating beyond the limit"; The SFC securities license in Hong Kong, China shows "fake trading"; The ASIC AR license plate in Australia shows "revoked", which poses a huge risk. It is recommended to stay away!

About 51 Markets

By querying the FxGecko app, the 51 Markets score is 2.0, and the FxGecko app shows "delayed withdrawal", which poses a huge risk. It is recommended to stay away!

summary

The above is the top 7 problematic platforms in March, and it can be seen from the list that most platforms are fake platforms without regulatory supervision. FxGecko has always emphasized the importance of regulation, as only compliant trading platforms can ensure the safety of investors' funds and the fairness of transactions.

FxGecko kindly reminds you that when choosing a foreign exchange trading platform, it is necessary to carefully check the regulatory information of the broker, ensure that the selected platform is supervised by legitimate regulatory agencies, pay attention to the platform's credibility, reputation, and service quality, and avoid falling into the trap of false platforms. If you encounter issues such as slippage, malicious liquidation, and inability to withdraw funds, please contact FxGecko staff to file a complaint and expose it!