This list is not full, as there are some exchanges with real volume besides this list.
Wash bot trading is a double-edged sword. Fake volume can attract noobs, but can scare away experienced investors and it won't last long.
As a promoting launching step it can take place, but afterwards if the volume will not became real - we can suppose just one result - only strong players will remain in this game.
No list will ever be complete but it gives you a good idea of what exchanges to select, one of the things traders are looking is volume in an exchange since that means they can easily exchange their coins back and forth with no issues but when you see some exchanges have only 1% of real volume and the rest is fake then you realize that there is a huge deal of manipulation going on and to me it is obvious those exchanges are doing that themselves to seem more popular than they are and as such they are untrustworthy.