Online trading in forex, cryptocurrencies, and stocks has grown massively over the past decade. Thousands of traders enter the financial markets daily, hoping to earn profits. However, with this rise in trading activity comes an alarming increase in fraudulent activities. Scam brokers in the USA are exploiting traders through deceptive tactics, fake promises, and unregulated operations.
In this article, Top Forex Brokers Review exposes the Top 10 Scam Brokers in USA to Avoid in 2025, helping traders recognize red flags and protect their investments.
Why Scam Brokers Are Increasing in the USA
Many traders—especially beginners—are drawn in by promises of high returns, bonuses, and “guaranteed profits.” Unfortunately, most of these offers are traps. Scam brokers often operate without proper regulation, manipulate markets, and refuse withdrawals. A little research can save you from major financial losses.
Always check a broker’s license, verify regulatory status, and read real trader reviews before depositing any funds.
Top 10 Scam Brokers in USA (2025)
1. TraderUR
TraderUR claims to be a global CFD trading platform, but it operates without regulation or licensing. Numerous traders have reported withdrawal problems, high spreads, and poor customer support. It’s considered an unsafe broker.
Key Issues:
- No valid regulation or oversight
- High spreads up to 4.5 pips
- Delayed or denied withdrawals
- Aggressive sales tactics
Verdict: TraderUR is not a regulated broker and should be avoided.
2. IQCent
IQCent attracts traders with a low $50 deposit and high leverage, but it’s unregulated and plagued by user complaints. Traders often report withdrawal delays, account manipulation, and misleading advertising.
Key Issues:
- Offshore registration with no license
- False profit guarantees
- Poor customer support
- Negative online reputation
Verdict: IQCent is unsafe and unreliable for US traders.
3. Invests360
Invests360 presents itself as a safe trading platform but has no valid license from any global regulator. Traders have complained about frozen withdrawals and aggressive deposit requests.
Key Issues:
- Unregulated and non-transparent
- Manipulated trading conditions
- Unrealistic profit promises
- Poor customer service
Verdict: Invests360 is a clone scam broker—avoid at all costs.
4. EverestCM
EverestCM markets itself as a global broker but operates without proper regulation. It’s been accused of blocking withdrawals, hidden fees, and fake marketing claims.
Key Issues:
- No valid financial oversight
- High spreads with hidden costs
- Poor customer support
- Negative user feedback
Verdict: EverestCM is unregulated and risky for traders.
5. Tradit
Tradit offers multiple assets but fails in transparency and legitimacy. Traders have reported account blocking, delayed payments, and misleading promotions.
Key Issues:
- No regulatory license
- Hidden fees and wide spreads
- Unresponsive support
- Manipulated trading conditions
Verdict: Tradit is another unregulated broker to avoid in 2025.
6. Binarium
Binarium allows trading with a low $5 deposit but has been flagged by major regulators for operating without a valid license. Traders face frequent withdrawal issues and fake promotional claims.
Key Issues:
- Unregulated binary options broker
- Frequent payout delays
- False guarantees of profits
Verdict: Binarium is a scam broker, blacklisted by regulators.
7. BotBro
BotBro advertises automated trading but operates without regulation. The broker uses fake promises, hidden charges, and manipulative marketing to trap traders.
Key Issues:
- No financial license
- Withdrawal denials
- False claims of guaranteed profits
- Unverified ownership
Verdict: BotBro is a fraudulent platform—traders should stay away.
8. OsmosisFX
Despite its flashy website and MT5 support, OsmosisFX is unregulated and flagged by the FCA. Traders have reported disappearing funds and blocked accounts.
Key Issues:
- No license from any trusted regulator
- Withdrawal denials
- Fake bonuses and offers
Verdict: OsmosisFX is a confirmed scam.
9. BitPro
BitPro attracts traders with high leverage and low spreads, but it’s an offshore, unregulated broker. Reports of frozen funds and misleading promotions are widespread.
Key Issues:
- No verified regulation
- Hidden trading fees
- Withdrawal issues
- Aggressive deposit requests
Verdict: BitPro is unsafe and should be avoided.
10. Intelligence Prime Capital
Disguised as an AI trading bot, this platform has been flagged globally for fraud. It makes unrealistic promises and blocks withdrawals, with users unable to recover funds.
Key Issues:
- Unlicensed and blacklisted by regulators
- Fake AI bot claims
- Withdrawal suspension and MLM-style tactics
Verdict: Intelligence Prime Capital is a high-risk scam broker.
Common Scam Tactics Used by Fraudulent Brokers
- Fake regulation or forged licenses
- Guaranteed profits or “no-risk” trading offers
- Aggressive sales tactics and calls
- Fake deposit bonuses with hidden conditions
- Delayed or denied withdrawals
- Paid positive reviews on Trustpilot
- Manipulated charts or automated bot scams
How to Identify a Scam Broker in the USA
Look out for these red flags:
- Claims of being regulated without a verifiable license
- Unrealistic returns or risk-free trading promises
- Negative feedback and withdrawal complaints
- Offshore registration in unknown jurisdictions
Always verify regulation with trusted bodies like the CFTC and NFA before depositing.
What to Do If You’ve Been Scammed
- Stop all transactions immediately.
- Collect all evidence (emails, receipts, screenshots).
- Report the broker to CFTC, NFA, or your local authority.
- Contact your bank or payment provider for chargeback requests.
- Warn others by posting your experience online.
Trusted & Regulated Brokers in the USA (2025)
If you want to trade safely, choose regulated brokers like:
- FP Markets – Regulated by ASIC & CySEC, tight spreads, fast execution.
- Eightcap – Trusted global broker with strong oversight.
- Octa – Regulated, low deposits, and user-friendly.
- Tickmill – Transparent broker with low spreads.
- IC Markets – Top-tier broker with zero spreads and global regulation.
- FxPro – Licensed by multiple authorities, offering multiple platforms.
These brokers are trusted, transparent, and regulated, ensuring fair trading and fund protection.
Final Thoughts
Scam brokers continue to evolve with new deceptive strategies. In 2025, TraderUR, Invests360, IQCent, and similar unregulated brokers remain the biggest threats to traders in the USA. To protect your funds, always trade with regulated brokers, verify licenses through CFTC or NFA, and stay informed through trusted resources like Top Forex Brokers Review.
Avoid the traps—research before you trade. A few minutes of due diligence can save you from losing everything to scam brokers.
