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WikiFX Ranking: 5 Brokers in St Vincent & The Grenadines with Low WikiFX Scores
Abstract：In the previous article, we talked about the brokers in St Vincent & The Grenadines and their reliability. Today’s article lists 5 brokers in St Vincent & The Grenadines with low WikiFX scores so that you can have a better understanding of how special this place is in the forex industry.
Brokers in St. Vincent & The Grenadines
Saint Vincent and the Grenadines is one of the most popular offshore jurisdictions in the world for forex brokers. The Caribbean country is well-known for its low taxes and ease of doing business, but it also has little oversight over forex brokers registered there.
Setting up a forex-related company in SVG can save costs compared to other regions. Although the forex broker needs a regulatory license, a newly started forex broker doesn't need to have a license in SVG.
Many forex brokers claimed to be registered in St.Vincent & The Grenadines. Which has a relatively low score on WikiFX APP. WikiFX lists 5 brokers registered in St.Vincent & The Grenadines with low WikiFX scores.
ABFX
ABFX is an online trading broker owned by AlphaBeta FX Ltd and located in St. Vincent & the Grenadines. In other words, ABFX is an offshore broker that is not very reliable. ABFX offers trading in forex pairs, CFDs on commodities, stock indices, and precious metals. A score of 1.76/10 has been given to this broker by WikiFX.
For more information about this broker, you can check the article via the link https://www.wikifx.com/en/newsdetail/202208011854584556.html
Big Boss Financial is a Forex Broker offering Forex Trading services via MetaTrader 4 and MT4 Mobile trading platforms. Regarding the orders execution model, Big Boss Financial is a hybrid broker - both a-book and b-book broker (market maker). Big Boss Financial offers to trade currencies, indices, CFDs, cryptocurrencies, and commodities. Big Boss is registered in Saint Vincent and the Grenadines and does not fall under any regulatory agency.
Big Boss offers a wide range of financial instruments for trade: numerous currency pairs, CFDs on stocks, indices, commodities, and even Bitcoin. WikiFX has given this broker a low score of 1.44/10.
For more information about this broker, you can check the article via the link https://www.wikifx.com/en/newsdetail/202209202334805087.html
Hankotrade
Registered in Saint Vincent and the Grenadines, Hankotrade is an NDD (No-Dealer-Dealer Platform) broker that allows for fast execution of trades by sending client orders directly to liquidity providers. Hankotrade is an unregulated broker so far.
Hankotrade offers investors a wide range of financial instruments, mainly Forex currency pairs, indices, commodities, and cryptocurrencies. It is an unlicensed broker with a fairly low WikiFX score of 1.41/10.
For more information about this broker, you can check the article via the link https://www.wikifx.com/en/newsdetail/202208309204894176.html
Yunikon FX
YunikonFX is an online trading broker owned by Yunikon Financial Limited and located at Beachmont Business Centre, 348, Kingstown, Saint Vincent, and the Grenadines. As for the address they provide we can't be sure if it is correct. Yunikon FX is an online broker thats been providing a wide range of trading assets since its establishment. Yunikon Fx is dedicated to providing all traders access to reliable trading instruments including Forex, Metals, Indices, Shares, Commodities, and Cryptocurrencies in the financial markets worldwide.
YunikonFX is an unregulated broker and is one of those brokers that delays sending the confirmation mail to the user to the point where we thought that it either forgot or it realized that we were not one of its victims.
YunikonFX has been given a very low rating of 1.30/10.
For more information about this broker, you can check the article via the link https://www.wikifx.com/en/newsdetail/202208228294805906.html
Dutch Prime
Dutch Prime securities ltd. is a broker based in St. Vincent and the Grenadines, engaging in providing global clients with various financial products and services.
Dutch Prime offers investors a range of financial instruments including forex currency pairs, shares, indices, and precious metals.
WikiFX has given this broker a fairly low score of 1.30/10.
For more information about this broker, you can check the article via the link
https://www.wikifx.com/en/newsdetail/202209057504682725.html
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.
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