Beware! is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers. is just another unregulated shady broker that tries to fake reliability. If there was anything good about this broker’s whole offer, we would have pointed it out – but there is not. Trading with such an enterprise is sure to result in financial losses for you – because the broker is sure to scam you the moment you deposit. Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo stated that it is a UK-based broker that aims to provide a “perfect trading environment for beginning and professional traders, alike, with a focus on providing global traders with easy access to the world’s largest and most liquid market”. The problem is that each and every UK broker has to be regulated by the FCA – one of the strictest financial authorities in the world. definitely was not.

This means that this broker is not legally authorized to offer services in the UK – or anywhere else for that matter. Trading with them is extremely risky because this company is not under the supervision of any financial regulator and definitely did not have to meet any requirements in order to start offering services.

We would advise you to look up reliable brokers regulated in strict jurisdictions – UK, EU and Australian brokers are all good choices. Such brokers maintain a high standard and do everything by the book because they are simply obligated to – otherwise, they would have to deal with fines, and the danger of losing their good reputation and hard-earned license. There are many requirements – companies have to maintain a certain minimum operational capital – €730 000 in the UK and the EU, and A$1 million in Australia to prove that they are well-capitalized. Regulated brokers must keep client money in segregated accounts to ensure that they are not using your money for their own purposes. Negative balance protection is a must – this means you could never lose more money than you have in your account. UK and EU brokers participate in compensation schemes –  in case your broker goes bankrupt, you could receive compensation – up to £85 000 in the UK and €20 000 in the EU which is not without value. Trading Software

Analytical toolsAuto tradingCustom indicatorsMobile apps platform
MT430+ indicatorsAndroid
MT550+ indicatorsAndroid
cTrader40+ indicatorsAndroid and iOS offered access to a quite generic web-based trading platform:

This platform failed to impress us and was actually quite rudimentary – it certainly did not offer any tools and features worth noting. Even as a beginner, you are sure to find a more suitable, functional trading platform. Do not settle for such lacking software just because it seems easy to use, and unintimidating.

A much better option would be to turn to a broker that offers MetaTrader 4 or MetaTrader 5 – these have been the two most popular platforms in the industry since MT4 was first introduced in 2006. Both versions of this highly functional and accessible software offer useful features such as Expert Advisors that track markets and trade automatically, possibilities for creating custom scripts or setting customizable signals, a market for add-ons, on top of over 30 technical indicators, multiple timeframes, and pending order types. Don’t hesitate to try out MT4 and MT5 yourself with a licensed broker. Trading instruments

FXTMYesYesYesYesYes offered access to all popular markets – forex, commodities, stocks, indices, and cryptocurrencies – and to a decent range of trading instruments. On account of this broker being a scam, however, we would definitely not recommend that you start trading with them just because they offer that decent range of instruments. There are plenty of legitimate brokers that can say the exact same thing. Spreads and cost of trading

Spread EURUSD0.40.611.1
Spread GBPUSD0.
Spread USDJPY1. offered quite competitive spreads – as low as 0.4 pips on EURUSD, 0.8 pips on GBPUSD, and 1.1 pips on USDJPY. You should keep in mind, however, that such brokers are not to be trusted – some of them go as far as to manipulate platforms in order to manufacture great results. Other scam brokers, on the other hand, charge huge commissions on top of the spread and only mention that at a later point.

Whatever the case is, trading with these scammers is hardly a great idea. Maximum leverage

ForexStocksCryptoGoldIndices broker500:1500:1500:1500:1500:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1 promised access to leverage as high as 1:500 – which definitely proves that they are not a legitimate UK broker. Brokers in this country are banned from offering leverage higher than 1:30 on forex majors to retail traders. The maximum rates on more volatile assets such as stocks and cryptocurrencies, for example, are even lower – up to 1:5 and 1:2 respectively.

There is a good reason why such leverage caps exist. Leverage increases your trading potential thus enabling you to make bigger offers. This, in turn, could result in bigger profits – but also in much higher losses. The less experience you have, and the more volatile the market, the higher the chance of you losing an enormous amount of money very fast. For this reason, we encourage traders to always be careful with their settings and only trade with the sort of leverage they are sure they can handle. Deposit and withdrawal methods

Deposit timeWithdrawal timeFee
Bank wire2-5 business days2-5 business days$25+ stated that it accepts multiple payment solutions such as credit/debit card, wire transfer, and cryptocurrencies, but this was not the case. The broker would not allow us to deposit at all but the only possible withdrawal method was actually wire transfer. This is a fairly secure payment method – but one it is almost impossible to get a chargeback on.

Legitimate brokers usually accept a variety of payment methods – not only credit/debit card, wire transfer, and crypto but also countless electronic payment solutions such as Skrill, Neteller, PayPal, Perfect Money, China UnionPay, etc. Minimum deposit

Minimum deposit$250$5$10$5

The price of both a Classic and an ECN account with is just $250. This is not bad but we would still like to point out that there are plenty of legitimate brokers that offer far more affordable investment solutions. Starting to trade with as little as $10 is completely possible. Withdrawal requirements

Since did not offer extensive Terms and Conditions, we were unable to learn anything that specific about the broker’s withdrawal requirements. Keep in mind, however, that such scammers often do have withdrawal requirements – and quite outrageous ones at that. They might ask you to pay huge withdrawal fees – even as much as 20-30%. Another common condition is reaching an insanely high turnover threshold before the broker allows you to withdraw anything from your account, including your own profits and deposits.

With such scammers, there are usually strings attached so be very careful.

Trading volumeFee/Tax on withdrawalMinimum withdrawal offshore brokersNo informationNo information No information
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

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