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Better Aware than Regret! Watch out the list of “Most Complained brokers” in India

WikiFX | 2023-10-10 15:29

Abstract:You have seen many people around you. Who do not thoroughly investigate before investing and later on when their hard-earned money gets swindled by fraudulent brokers. They regret and rant. Before you end up in this worse situation, We are informing you about the most complained brokers in India during the last month because Its Better Aware than Regret and Rant. Watch out for the list below, and beware.

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You have seen many people around you. Who do not thoroughly investigate before investing and later on when their hard-earned money gets swindled by fraudulent brokers. They regret and rant. Before you end up in this worse situation, We are informing you about the most complained brokers in India during the last month because Its Better Aware than Regret and Rant. Watch out for the list below, and beware.

1. CapmoreFX

- Established in 2022, CapmoreFX is a regulated forex and CFD brokerage firm that is registered in Saint Vincent and the Grenadines. CapmoreFX offers its clients access to leading trading platforms, including MetaTrader 4 (MT4), that allow clients to trade a variety of financial instruments, including forex, cryptocurrencies, commodities, indices, and stocks.

2. Sapphire Markets

- Registered in Saint Vincent and the Grenadines, Sapphire Markets is an offshore forex broker established in 2021, offering its clients a series of trading instruments, such as Foreign Exchange, Commodities, and more. Sapphire Markets claims traders can enjoy competitive spreads through the advanced MT5 trading platform, leverage up to 1:500.

3. ASFX

- ASFX is an online broker based in the United Kingdom. It uses the MetaTrader 5 software platform and offers a variety of trading options, including forex, commodities, indices and cryptocurrencies.

4. Standard Guarantee

- Standard Guarantee Trading Pro is an online trading broker owned by Standard Guarantee Trading Pro. The company is located at 866 Scott Street, Greenville, USA, ME 04441. To contact Standard Guarantee Trading Pro, their support team can be reached via phone at +44748788779 or by email at support@sgt-pro.online. Their website can be found at : sgt-pro.online

5. FXTrade

- FXTrade is an online broker registered in China, with its founding time, real address, and the company behind it not disclosed to all. FXTrade does not fall under any regulatory agencies, so FXTrade is just another unregulated broker, which means clients fund safety cannot be protected.

6. Growfic

- Growfic is a China-based Newbie broker. It is owned by Growfic Limited. Their website can be found at: https://growficlimited.com/. It has two years of experience.

7. AceFxPro

- AceFxPro, a trading name of Ace Global Limited, is allegedly a multi-asset broker founded in 2015 and registered in Saint Vincent and the Grenadines, claiming to provide its clients with the worlds most widely-used MT5 platform, flexible leverage up to 1:500.

Install the WikiFX app on your smartphone to stay updated with latest news of Forex. WikiFX is a global forex broker regulatory enquiry platform that has investigated and reviewed more than 40,000 brokers, collaborating with more than 30 national regulators. To learn more about the security and reliability of your chosen brokers, visit www.wikifx.com or download our free app from Google Play or app store.

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Forex tradingForex Broker

Related broker

Not Regulated
AceFxPro
Company name:Ace Global Limited
Score
1.55
Website:http://acefxpro.com/
5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.55
Not Regulated
FXTrade
Company name:FXTrade
Score
1.54
Website:https://fxtrade.services/
5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.54
Not Regulated
Sapphire Markets
Company name:Sapphire Markets LLC
Score
1.50
Website:https://www.sapphiremarkets.com
5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.50
Stop of Business
CAPPMOREFX
Company name:Cappmore Wealth Managers LLC
Score
1.47
Website:https://cappmorefx.com/
Stop of Business | 2-5 years | Questionable Regulatory License | Suspicious Operational Region
Score
1.47
Not Regulated
ASFX
Company name:ASFX LLC.
Score
1.47
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.47
Not Regulated
Growfic
Company name:Growfic Limited
Score
1.45
Website:https://growficlimited.com/home.html
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.45
Not Regulated
Standard Guarantee Trading Pro
Company name:Standard Guarantee Trading Pro
Score
1.40
Website:https://www.sgt-pro.online/
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.40

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Centinary Review 2026: I Earned $496,000, but Was I Able to Receive It? Read This Report!

Centinary, a new age broker, has managed to receive quite a bit of user reviews recently. However, all these reviews accuse the broker of robbing users’ funds. From loss of yuan to dollar, traders have been complaining about the alleged hassles faced while withdrawing funds from the Centinary platform. In this Centinary review article, we will take you through the complaints users have made in 2026.

Original 2026-07-10 19:48

One Lot Size Mistake Can Cost You Thousands—Here's Where the 1% Rule Helps

Switched from one trading strategy to another but could not avert heavy losses? Wondering what went wrong despite your market analysis being spot on? It may not be a strategic issue then. It may just be that you chose the wrong lot size. Yes, a single oversized position can get your account exposed to far greater risks than you may imagine. You may be moved by the impressive profits with increasing lot sizes. But by doing so, you also invite a proportionate rise in losses. This is where you need to apply the essential 1% risk management principle. This rule helps you assess how much you can afford to lose if a trade does not go as planned.

Original 2026-07-09 21:49

TRANS X MARKETS Review 2026: I Lost as Much as $40K. One of Many Verified User Allegations

This allegation representing fund loss worth $40,000 came from a verified Indian user on a trusted platform such as WikiFX. However, this is not the only allegation from users across India and other regions. Many verified users have complained about the loss of access to withdraw profits from the TRANS X MARKETS platform. At the same time, we came across complaints about the withdrawal issue from the free software provided by the brokerage firm. In this TRANS X MARKETS review, we have examined these allegations while also giving you the company’s regulatory background.

Original 2026-07-09 19:58

5 Warning Signs Your Forex Account is Heading Toward a Margin Call

New to forex trading? Surprised by the margin call from your forex broker? In one moment, you seem to have manageable trades. The next moment, you receive a warning from your broker about inadequate equity to support your open positions. So, if the market movement continues to be on the opposite side of your positions, some or all of your trades may see an unfortunate automatic closure through a stop-out process. However, margin calls do not usually happen without warning. Recognizing the early signs can help traders take corrective measures and avoid a potentially significant loss in their trading accounts. But what are those signs that indicate that a margin call is all but near? Let’s discuss the same here.

Original 2026-07-08 22:11

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