Richard J566 Anderson

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Why do blacklisted brokers still operate?

Blacklisted brokers often continue operating because they are registered in offshore jurisdictions where enforcement is weak. Regulators such as FCA or ASIC can warn the public but may not have legal authority to shut down companies outside their jurisdiction. Scam brokers exploit this gap by quickly changing names, domains, and marketing strategies to attract new clients. Some even rebrand after being blacklisted. This is why checking regulation and verifying licenses directly is critical. Traders must understand that a warning means the broker is unsafe, regardless of whether it continues to operate online.