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WikiFX Express

70% Return Drama Turns into a 40-lakh Forex Trading Scam for Navi Mumbai Residents

Think Before You Trade! Unlicensed Brokers List Inside

WikiFX

| 2025-06-27

Abstract：The French regulator AMF has issued a warning against five unlicensed brokers. Investors are encouraged to verify the list to protect themselves from fraud.

The French regulator AMF has issued a warning against five unlicensed brokers. Investors are encouraged to verify the list to protect themselves from fraud.

1. Luxtious / Luxtious Trading Platform

2. DK Global Forex Limited

3. Xevago

4. Profititerra

5. Innvester

AMF has blacklisted these companies for providing financial services or products without proper authorization.

5 Ways to Stay Safe in the Forex Market

1. Trade Only with Regulated Brokers

2. Avoid “Too Good to Be True” Offers

3. Stay Informed & Educated

4. Verify Before You Invest 5. Avoid Unknown Apps and Links

About AMF

The Autorité des Marchés Financiers (AMF) regulates the French financial market place, its participants and the investment products distributed via the markets. It also ensures that investors are properly informed and and is a driving force behind regulatory change at both European and international levels. As an independent public authority, it has regulatory powers and a substantial level of financial and managerial independence.

Stay Informed

If you're interested in reading more informative articles about forex brokers. We recommend you to download WikiFX App. Stay updated with the latest developments in the forex market—including Scam brokers list, Regulatory warnings, Broker News and in-depth Broker Reviews .You can access all this valuable information directly through the WikiFX App or by visiting the News section on the WikiFX website.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Scam Alert Forex Broker Forex news

70% Return Drama Turns into a 40-lakh Forex Trading Scam for Navi Mumbai Residents

Related Brokers

Not Regulated

Luxtious

INTERMARKETS Corp. Ltd

https://luxtious.com

1.37

Score

2-5 yearsQuestionable Regulatory LicenseSuspicious Operational RegionHigh Potential Risk

1.37

Score

World Cup Fever Is Here! Choose your broker like you choose your team

Join WikiFX and investors worldwide in celebrating the excitement of the 2026 FIFA World Cup!

Original 12h

221 Under Investigation as Scam Losses Cross RM28 Million in Two Weeks

Singapore authorities have concluded a major anti-scam enforcement operation that resulted in 221 individuals being placed under investigation for their alleged roles in a wide range of fraudulent schemes.

Original Two days ago

Pepperstone Review 2026: Massive Deposit & Withdrawal Complaints Against This Regulated Broker

Have you experienced issues with Pepperstone deposit & withdrawal processing? From your experience, do you feel that the Australia-based forex broker causes losses to its clients? Did the brokerage entity freeze your account and give you a margin call? All these trading allegations have been rampant on broker review platforms such as WikiFX. This Pepperstone review article takes a close look at the user complaints, especially in 2026. Additionally, we have given an overview of the regulatory framework under which the brokerage entity operates.

Original Three days ago

Wundersys vs tradgrip: Two Offshore Newcomers Go Head to Head — and Neither Brings Home a Trophy

Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.

Original In a week