I've been trading with Harborx for months and I really like it. True, they do not have a desktop version and do not offer MT4, but as a beginner I find it an advantage. MT4 is too overwhelming for me.
Harborx, on the other hand, is very intuitive and feels like a game, especially with the newly added leaderboard competition and "Invite Friends" feature. It's easy to trade on the go and check the app no matter where I am. Again, it's a bliss compared to MT4 on mobile. True that Harborx may not be for everyone, but it seems to be perfect for beginners whose trading goal is to learn and get experience and better trading stats and not trade for a living (which I heard some people do, too).
I've had good experience with Harborx customer support, and they always process withdrawal requests within a day. Summing up, I'm happy to recommend Harborx.
Broker | Country | Regulation | Platform | Min Deposit | Review |
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Cyprus, UK, Mauritius | CySec, FCA, FSC | MT4, MT5, Web | $10 | Review Website |
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Cyprus, SVG | CySEC | MT5, Web, cTrader |
$100 | Review Website |
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Australia, Cyprus | ASIC, CySEC | MT4, MT5, IRESSTrader |
$100 | Review Website |
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Cyprus, Australia | CySec, ASIC | MT4, MT5 | $5 | Review Website |
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UK, Australia, South Africa | FCA, ASIC, FSCA | MT4, Trading Station, NinjaTrader |
$50 | Review Website |
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UK, Cyprus, UAE, South Africa | FCA, CySEC, DFSA, FSB | MT4, MT5, FxPro Markets, cTrader |
$100 | Review Website |
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Cyprus | CySEC | MT4, MT5, Web | $1 | Review Website |
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Belize | IFSC | MT4, MT5 | $100 | Review Website |
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Cyprus, UK, South Africa, UAE | CySec, FCA, FSCA, DFSA | MT4, MT5, Web | $5 | Review Website |
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Cyprus, UK | CySEC, FCA | MT4, MT5 | $1 | Review Website |
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UK | FCA | MT5 | $5 | Review Website |
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UK | FCA | MT4, Web, MT4 for Mac |
$100 | Review Website |
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Australia, UK | ASIC, FCA | MT4, MT5, cTrader |
$200 | Review Website |
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UK, Cyprus, Dubai | FCA, CySEC, DFSA | MT4, MT5, Web, PrimeTrader |
$100 | Review Website |
EU finance ministers have agreed that private digital currencies like Libra – the crypto coin Facebook plans to launch in 2020, should not be allowed in the European Union until all possible risks are identified and properly addressed, Reuters reports. Since Facebook revealed its Libra project in June, virtually all major financial regulators have expressed concerns about Libra's possible impact on the global financial system. The unease steams from Facebook's huge customer base – currently the social media has more than 2 billion users. Read more
The United States Commodity Futures Trading Commission (CFTC) apparently can not locate Peter Szatmari, who defrauded nearly 4 million USD from binary options investors. In early October CFTC filed a five- count complaint against Szatmari for alleged violations of the Commodity Exchange Act and other Commission Regulations. Before filing the complaint however CFTC and Szatmari appeared to have agreed in principal on a settlement, from which Szatmari latter backed and disappeared. When Szatmari attorney was asked a contact information, he said he no longer represents the defender and gave the Commission a Kahului, Hawaii P.O. Box address. Read more
After a successful operation of the police in Austria, Germany, the Czech Republic and Bulgaria has lead in February to the arrests of several financial executives, among which the Izraeli citizen Gal Barak, who is charged of orchestrating an online trading scam, that allegedly has defrauded European investors of over 100 million Euro, now a Bulgarian court has given the green light for Barak to be extradited to Austria, reports Faktor.bg, a Sofia based online portal. The Austrian authorities have several charges against Barak, among which a case of massive fraud, money laundering and participation in an organized crime group. Read more
Italy's financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) has blacklisted a bunch of unregulated brokers today, including EvolutionBrokers, and KapitalSwiss. CONSOB also ordered internet providers to block access to their websites. Both forex brokers mentioned above are most likely involved in investment scam. EvolutionBrokers is an offshore brokerage that has also been flagged by the Financial Commission (FinaCom), while KapitalSwiss appears related to con-artists around Up4x and Easy FX Solutions. Read more
The Indonesian police has arrested 85 Chinese nationals and 6 Indonesians over an online scam that defrauded victims of over 36 billion Indonesian rupiah (2,56 million USD). The victims were mainly from mainland China, while the arrests were made in Jakarta and Malang city, earlier this week after the Indonesian authorities received a tip off from their Chinese colleagues. The arrests come just several days after 700 Chinese citizens were arrested in Malaysia over a major online investment scam. The investment scam that triggered the latest arrests have been running for over 4 months. The police did not specify how many people have been scammed. Read more
David R. Pike, a chief operating officer of Fenero Funds was arrested by the U.S. authorities in connection to laundering some 400 million USD, stolen through the notorious OneCoin Ponzi scheme. Pike appears to have worked with the convicted OneCoin layer Mark S. Scott and was prosecuted after lying to federal agents. Mark S. Scott was a CEO of the Fenero Funds – a series of shell companies, created by him to launder OneCoin money. Read more
After a hacker attack South Korean crypto exchange UpBit has lost some 342 000 Ethereum (ETH) coins, equal to well over 49 million USD. The exchange has assured its clients that the loses will be covered by its own assets, but for the time being all withdraws have bees suspended. The company says that it will take at least two weeks before its services are restored. The attack tool place on Wednesday and 30 minutes later, Upbit announced that it had temporarily suspended withdrawals and deposits due to server maintenance. Read more
Expected to be finalized in late 2020, the merger between two of the leading U.S. brokerage houses will create a mammoth company that will be in the position to challenge major financial rivals. According to market analysts the new company will be valued at 100 billion USD – twice the size of BofA Merrill Lynch. The deal however will have to pass through the antitrust regulators. "We have long respected TD Ameritrade. With this transaction, we will capitalize on the unique opportunity to build a firm with the soul of a challenger and the resources of a large financial services institution. Read more
The UK’s Financial Conduct Authority (FCA) added STI Global and PlatinumCFD to its black list of unregulated brokers previous week. According to the regulator, these entities have been providing financial services or products in the UK without proper authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us”, reiterates the FCA in its warnings. “However, some firms act without our authorisation and some knowingly run investment scams. Read more
Mark Scott, an American lawyer, has been found guilty for his role in the notorious OneCoin crypto scam, which attracted over 5,15 billion USD from investors all over the world. A court in New York found that Mark Scott participated in the scheme and helped to launder close to 400 million USD, routing the money out of the U.S. through banks on the Cayman Islands and the British Virgin Islands to the United Arab Emirates. According to the prosecution Scott made about 50 million USD for himself, for which now he faces up to 50 years in prison. Part of the money were also laundered through account at the Bank of Ireland. Read more