BRFX Trade Review – is it scam or safe? BRFX Trade is an offshore broker. MT5 as a desktop download, web-city forex traders review version and mobile apps.
Developed like a multi-asset trading platform, MT5 has many of the highly praised features of MT4, such as the advanced charting package. However, custom technical indicators and Expert Advisors, created for MT4 do not work on the newer version. We would not advice you to use leverage levels that high, unless you fully understand how margin trading works and the risks involved in it. The company owning and operating this brokerage, BR Consulting Group Ltd. Forex brokers operating from offshore destinations are not overseen by any regulatory agency, and therefore are not recommended. 2 pips spread for this pair, and some even less.
Unlike most brokers, BRFX Trade does not allow users to test their services via a free demo account, which makes it even more shadier. 250 required by BRFX Trade for opening an account a relatively high investment. According to us, this is its main disadvantage, as trading with a unregulated brokers is very risky. As you probably know, all EU countries have well-developed legislative frameworks regarding financial service providers. Another thing we don’t like about BRFX Trade is the fact that it offers only fixed spreads, which are very wide. In fact, you have to invest 15 thousand bucks to get decent spreads with this broker, and we would not advise you to do that, as there is no guarantee you will ever see your money again. The fact that BRFX Trade does not offer demo accounts makes this broker seem even more suspicious to us.
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1. XM is broker with great bonuses and promotions. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. 0 pips, Level II Pricing and Full Market Depth. FBS is a broker with cool marketing and promotions.
It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions. Invested for the purchase of bitcoins since february of this year, and as of then, have not received any information of account movement. When I started, I receive daily telephone calls for me to deposit. When I told her that I would wait until I saw results, have not hear from her, even thou I have sent her several e-mails.
According to my account, I have app. Impossible to get any money out. They don’t anawer any more, after they understand you are not interested in paying in any more. I have been stupid, pls advise others not to do likewise!
This joint is a scam for sure! I opened an account in december last year to trade crytocurrencies im december last year. I decided to close my account and tried to get my money back. But after many requests I heard nothing from them.