Top 10 Scam Brokers in USA to Avoid in 2025

Introduction

Online trading in forex, cryptocurrency, and stocks has gained massive popularity over the past decade. With traders seeking quick profits and financial independence, the number of trading platforms has also grown. Unfortunately, not all brokers in the USA operate with integrity. Alongside genuine and regulated platforms, there are countless scam brokers that engage in fraudulent activities, promising high returns, fake bonuses, and guaranteed profits to lure in unsuspecting traders.

New investors, in particular, often fall victim to these scams due to a lack of awareness about how to verify a broker’s legitimacy. Before depositing any money, it’s crucial to check the broker’s license, read verified user reviews, and confirm its regulatory status. A few minutes of research can save you from losing your hard-earned funds.

In this article, we at Top Forex Brokers Review reveal the Top 10 Scam Brokers in USA to Avoid in 2025, based on verified complaints, regulatory records, and user feedback.

Top 10 Scam Brokers in the USA 2025

1. TraderUR

TraderUR claims to offer a smooth trading experience, but the reality is alarming. The platform operates without regulation, provides poor customer support, and has numerous withdrawal complaints. Traders report high spreads, delayed payouts, and unresponsive service.

Why TraderUR is a Scam:

• No valid license or regulation.
• High spreads (up to 4.5 pips).
• Frequent withdrawal issues.
• Aggressive sales tactics and false profit guarantees.

Verdict:
TraderUR is not regulated and is considered unsafe. Avoid depositing funds with this broker.

2. IQCent

IQCent promotes itself as a reliable platform but is unregulated and based offshore. Users have reported account manipulation, poor support, and withdrawal delays. The broker uses fake promotions and high-pressure marketing to attract traders.

Key Issues:

• No recognized regulation (not supervised by FCA, ASIC, or NFA).
• Slow withdrawals and hidden fees.
• Misleading claims of guaranteed profits.

Verdict:
IQCent’s offshore setup and shady tactics make it a high-risk trading platform to avoid.

3. Invests360

Invests360 presents itself as a professional trading broker but has been exposed for frozen accounts, blocked withdrawals, and fake promises. It lacks any credible regulation from authorities like FCA or CySEC.

Key Issues:

• Completely unregulated.
• Aggressive marketing and false claims.
• Poor user experience and unresolved complaints.

Verdict:
Invests360 has all the red flags of a scam broker. Avoid at all costs.

4. EverestCM

EverestCM offers trading in forex, crypto, and stocks but operates without any recognized regulation. Users have accused the broker of hidden fees, delayed withdrawals, and market manipulation.

Key Issues:

• No regulatory license.
• High spreads and hidden costs.
• Negative user reviews and poor customer support.

Verdict:
EverestCM is unregulated and has multiple withdrawal complaints — a typical sign of a scam broker.

5. Tradit

Tradit promotes itself as a multi-asset broker but has been repeatedly accused of fake promises and blocked accounts. Traders have faced withdrawal issues, unclear policies, and hidden trading conditions.

Key Issues:

• Unverified regulatory status.
• Misleading claims and unrealistic returns.
• Negative feedback from users.

Verdict:
Tradit’s lack of transparency and unresolved withdrawal issues make it a scam platform.

6. Binarium

Binarium, a binary options broker, has been flagged by multiple regulators for operating without authorization. The broker lures traders with a $5 minimum deposit and promises of high returns but fails to process withdrawals.

Key Issues:

• No regulation or license.
• Frequent withdrawal problems.
• Fake testimonials and poor support.

Verdict:
Binarium is a highly risky and unregulated platform blacklisted by authorities like the FCA and CySEC.

7. BotBro

BotBro claims to offer automated trading with advanced tools, but in reality, it’s unregulated and flagged for fraudulent activity. It relies on fake promises and aggressive marketing.

Key Issues:

• No financial license.
• Unresponsive support and withdrawal delays.
• Fake marketing and guaranteed profit claims.

Verdict:
BotBro’s lack of regulation and poor transparency make it a confirmed scam broker.

8. OsmosisFX

OsmosisFX presents itself as a global trading platform, but warnings from the FCA confirm it’s unauthorized. Traders have reported frozen accounts, withdrawal failures, and vanishing funds.

Key Issues:

• Not regulated by any authority.
• Hidden conditions and poor service.
• Numerous user complaints about lost funds.

Verdict:
OsmosisFX is a scam—avoid depositing any funds.

9. BitPro

BitPro attracts traders with promises of tight spreads and multiple instruments but lacks any valid regulation. Users have reported frozen accounts, blocked withdrawals, and fake profit guarantees.

Key Issues:

• Operates from an offshore jurisdiction.
• Numerous withdrawal complaints.
• Manipulative sales and false claims.

Verdict:
BitPro is an unregulated and unsafe broker for U.S. traders.

10. Intelligence Prime Capital

Intelligence Prime Capital (IPC) claims to use AI trading bots that guarantee profits. In truth, it’s an MLM-style scam flagged by regulators like the Ontario Securities Commission. Traders report frozen accounts and lost deposits.

Key Issues:

• Operates without a valid license.
• Fake bots and false automation claims.
• Numerous global warnings and complaints.

Verdict:
Intelligence Prime Capital is not a legitimate platform and should be avoided.

Common Scam Tactics Used by Fake Brokers

1. Displaying fake licenses or cloned registration numbers.
2. Promising guaranteed profits with little or no risk.
3. Using aggressive sales tactics and fake bonuses.
4. Blocking withdrawals and freezing accounts.
5. Paying for fake reviews on trusted platforms like Trustpilot.

How to Identify a Scam Broker in the USA

• No CFTC or NFA license.
• Unrealistic profit guarantees.
• Poor or unresponsive support.
• Hidden fees or high leverage.
• Negative user experiences online.

Always trade only with regulated brokers and verify their license through the NFA BASIC database.

What to Do If You’ve Been Scammed

If you suspect a broker scam:

1. Stop all transactions immediately.
2. Gather all evidence — chats, emails, payment proofs.
3. Contact your bank or card provider for a chargeback.
4. File a complaint with the CFTC or NFA.
5. Warn others through reviews or online forums.

Legitimate Alternatives to Scam Brokers

If you’re looking for safe, regulated trading platforms in the USA, consider these trusted brokers:

• FP Markets – Regulated by ASIC and CySEC, tight spreads, and fast withdrawals.
• Eightcap – Licensed, transparent, and beginner-friendly.
• Octa – Regulated broker with low minimum deposit.
• IC Markets – Reliable, transparent, and globally recognized.
• FxPro – Reputed broker offering multiple trading platforms.

All these brokers are regulated, ensuring your funds remain safe and withdrawals are processed without hassle.

Final Thoughts

The rise of online trading has opened opportunities — but also doors for scams. Many scam brokers in the USA operate without oversight, using fake promises to steal money from traders. Always verify a broker’s license, regulatory status, and reputation before depositing.

Trading with regulated brokers like FP Markets, Eightcap, Octa, IC Markets, or FxPro ensures safety, transparency, and peace of mind. Remember: in trading, if it sounds too good to be true — it probably is.