Regulatory status update this week, be sure to stay away from the following platforms!

A wise trader should know the brokers regulatory information as early as possible. WikiFX brings you the latest information about brokers whose regulatory license status has changed within a week, so we hope you can avoid these risks.

The following are the brokers whose regulatory licenses have been changed currently. Be alert!

ADSS

Please note that the status of the Hong Kong Securities and Futures Commission (SFC) license claimed by ADSS has changed to “revoked”.

WikiFX has given this broker a low rating of 6.91/10. This broker still claimed to hold a license from UKs Financial Conduct Authority(FCA).

VICTORIA CAPITAL

As far as we know, VICTORIA CAPITAL is not regulated by any regulatory institution. Recently WikiFX has received plenty of complaints against this broker. The victims accused this broker of withdrawal rejection. We suspect VICTORIA CAPITAL to be a scam. And a score of 1.39/10 has been given to this broker. Please be aware of the potential risk.

VC GROUP

VC GROUP claims to hold the Hong Kong Securities and Futures Commission(SFC) license, However, we note that the status has been changed to “revoked”. WikiFX considers it an unregulated broker and gives it a very low rating of 1.52/10.

Oks Markets Limited

Oks Markets Limited does not hold any regulatory license now, therefore, the risk of investing in this broker remains. WikiFX has given this broker a fairly low score of 1.25/10.

Knight Trader fx

The Cyprus Securities and Exchange Commission (CYSEC) license, a UK Financial Conduct Authority (FCA) license, and a South African Financial Sector Conduct Authority (FSCA) license held by Knight Trader fx, has changed their status to “Revoked”.

This broker has been given a score of 1.23/10 by WikiFX. We advise you to stay away from it.

KIWIBULL

The status of KIWIBULLs New Zealand Financial Services Providers Register (FSPR) license, has been changed to “Revoked”. WikiFX has given this broker a low rating of 1.84/10. And we consider this broker unregulated.

xDirect

The Vanuatu Financial Services Commission (VFSC) license claimed by xDirect is “revoked”. And WikiFX has given it a score of 1.44/10.