We verified 522 forex and CFD warning-list entries across 4 official European regulator registers — France's AMF, Cyprus's CySEC, Germany's BaFin and Italy's CONSOB. France alone accounts for 483 of them. 105 entries were first listed in 2025 or 2026. Every entry means the firm is unauthorised to solicit in that jurisdiction — not a ruling of fraud.
Verified entries by regulator
| Regulator | Jurisdiction | Entries | Source |
|---|---|---|---|
| AMF Autorité des marchés financiers | France | 483 | Register |
| CySEC Cyprus Securities and Exchange Commission | Cyprus | 25 | Register |
| BaFin Bundesanstalt für Finanzdienstleistungsaufsicht | Germany | 8 | Register |
| CONSOB Commissione Nazionale per le Società e la Borsa | Italy | 6 | Register |
| Total verified | 522 | ||
AMF dominates because France publishes a purpose-built, machine-readable forex blacklist as open data. The other registers are read entry-by-entry, so we verify a smaller, hand-checked sample from each — see Methodology.
Verified entries by year first listed
Across all four registers, by the date each entry was first added (where the register shows a date). 2026 is a part-year (to 18 June).
Most recently added (AMF forex blacklist)
The newest forex sites added to France's AMF blacklist, verbatim, with the AMF's listing date. Listing means the site is not authorised to offer its services in France.
| Site (verbatim) | Listed | Regulator |
|---|---|---|
| vuxocap.co | 2026-06-18 | AMF (France) |
| fxtrading.com | 2026-06-18 | AMF (France) |
| www.vantagemarkets.com/fr/ | 2026-06-12 | AMF (France) |
| www.strath-well.com | 2026-06-12 | AMF (France) |
| www.mayfieldedu.com | 2026-06-12 | AMF (France) |
| www.advantcrest.com | 2026-06-12 | AMF (France) |
| tellidex.io | 2026-05-06 | AMF (France) |
| auclimited.cc | 2026-05-06 | AMF (France) |
| tradesverge.com | 2026-04-10 | AMF (France) |
| kantfinance.pro | 2026-04-10 | AMF (France) |
Multi-flagged sites
Sites the AMF flagged under more than one category at once — a forex offer combined with regulator-impersonation or a binary-options offer. These are the multi-flag cases we can prove from a single open-data file. We did not find a site appearing under an identical domain on both the AMF forex list and the CySEC list, so we report no cross-register match rather than invent one.
| Site (verbatim) | Flagged as | Listed |
|---|---|---|
| www.radixinvest.com | Forex + AMF-impersonation | 2021-07-01 |
| www.mangroupfx.com | Forex + AMF-impersonation | 2021-05-17 |
| www.fxcm-group.io | Forex + AMF-impersonation | 2021-04-08 |
| www.thebestrader.io | Forex + AMF-impersonation | 2021-04-08 |
| www.eu-markets.co | Forex + AMF-impersonation | 2021-02-11 |
| www.bcpprivate.com | Forex + AMF-impersonation | 2020-10-12 |
| www.createcapitalinvest.com | Forex + AMF-impersonation | 2020-07-17 |
| online-union.com | Forex + AMF-impersonation | 2020-07-02 |
| www.vantagetrades.com | Forex + AMF-impersonation | 2020-07-02 |
| www.binarycent.com | Forex + binary options | 2018-06-22 |
| www.mutual-broker.com | Forex + binary options | 2015-03-24 |
| www.mhoptions.com | Forex + binary options | 2015-01-05 |
| www.tmarkets.com | Forex + binary options | 2014-04-28 |
| www.ikkotrader.com | Forex + binary options | 2013-04-08 |
Download the full dataset
All 522 verified rows — entity/site, regulator, jurisdiction, date first listed and source URL — as a semicolon-delimited CSV. Free to reuse with attribution (CC BY 4.0).
eu-regulator-warning-list-2026.csvMethodology
What we counted. The unit of analysis is a single flagged entity or website on an official regulator register, restricted to forex/CFD/trading entries. Every figure on this page is an exact count of entries we read directly from a regulator's own published source — no estimates, no extrapolation, no rounding.
Registers and how we pulled them (snapshot: 23 June 2026):
- AMF (France) — 483 entries. Pulled from the official AMF/ACPR blacklist published as open data on data.gouv.fr (the same data behind the AMF forex blacklist PDF), filtered to rows categorised Forex, Forex | Usurpation or Forex | Options binaires. The file gives each entity's name and the date it was added. We cross-checked a sample against the live AMF "acteurs listes noires / Forex" surface and confirmed the match. Source.
- CySEC (Cyprus) — 25 entries. Forex/CFD-style domains read directly from the CySEC List of Non-Approved Domains, each taken with the announcement date shown beside it. Source.
- BaFin (Germany) — 8 entries. Domains named in individually-verified BaFin consumer warnings on unauthorised trading/financial-service platforms (each a dated, standalone warning page). Source.
- CONSOB (Italy) — 6 entries. Sites named in the CONSOB site-blackout order (abusivismo) of 27 November 2025. Source.
Coverage gaps we did not paper over. The FCA (UK) Warning List and IOSCO's I-SCAN database are JavaScript-rendered or access-restricted surfaces we could not read entry-by-entry at pull time, so no FCA or IOSCO entries are counted here. CONSOB applied bot-protection that limited us to one fully-readable order. The AMF therefore dominates the totals purely because France publishes the only large, machine-readable forex blacklist among the registers we could verify. A future revision can add FCA and IOSCO once an entry-level export is available.
Reproduce it. Download the CSV above; each row carries its regulator and source URL. Re-pulling the four sources on a later date will give different counts because the registers change continuously.
How to read this data — and what it does not say
- A warning-list entry means "not authorised to solicit here" — not "proven fraud." Each regulator lists a firm because it lacks the licence that regulator requires to offer investment, forex or CFD services in its jurisdiction. That is a regulatory-status statement, not a court finding of fraud or theft.
- We report each regulator's own wording and link the source. We do not add a "scam" or "fraud" label of our own to any entity on this page. Where you want the regulator's exact characterisation, follow the source link for that entry.
- This is a point-in-time snapshot (23 June 2026). Registers change daily. A firm can be removed once it becomes authorised, ceases activity, or the regulator updates its list. Always check the live register before relying on any single entry.
- Jurisdiction matters. "Unauthorised in France" does not automatically mean "unauthorised everywhere." A firm can hold a valid licence in one country while being listed as unauthorised in another.
Frequently asked questions
What does it mean if a forex broker is on an EU regulator's warning list?
It means that regulator has stated the firm or website is not authorised to offer investment, forex or CFD services in that jurisdiction. It is a regulatory-status finding — the firm lacks a licence the regulator requires — not, by itself, a court finding of fraud. Always check the regulator's own published entry, which we link for every figure on this page.
How many forex/CFD entries did you verify, and across how many registers?
We verified 522 forex/CFD entries across four official registers: the AMF (France) forex blacklist via the AMF/ACPR open-data file (483), the CySEC (Cyprus) List of Non-Approved Domains (25), BaFin (Germany) consumer warnings (8) and a CONSOB (Italy) site-blackout order (6). Each entry carries the regulator, the date first listed where shown, and a link to the source register.
Can a broker be removed from a warning list?
Yes. These registers are point-in-time snapshots. A firm can be removed once it becomes authorised, ceases activity, or the regulator updates the list. Our dataset reflects the registers as pulled on 23 June 2026; always re-check the live register before relying on any single entry.
Which EU regulator publishes the largest forex warning list?
Of the registers we verified, France's AMF maintains by far the largest purpose-built forex blacklist: 483 forex-categorised entries in its open-data file, with entries dating back to 2010. The AMF/ACPR list is published as machine-readable open data, which is why we could verify it in full.
Were there registers you could not verify?
Yes, and we excluded them rather than estimate. The FCA (UK) Warning List and IOSCO's I-SCAN database are JavaScript-rendered or access-restricted surfaces we could not read entry-by-entry at pull time, so no FCA or IOSCO entries are counted here. CONSOB applied bot-protection that limited us to one fully-readable order. Every figure above reflects only what we could read directly from a regulator's own page.