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. presents itself as an established forex broker suitable for beginner traders. But closer inspection reveals that it is actually a scam aimed at people with no experience. Let’s take a detailed look at why you should avoid this website and head to a more trustworthy broker. 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

The most important information about a financial services provider is its regulatory status. Licensed brokers provide detailed information about which company runs them, where it is based, which jurisdictions it is authorised in and which regulatory bodies oversee its activities.

According to the website’s homepage, the owner company Broker Group Ltd is based in Panama.

But a check of the Superintendency of the Securities Market of the Republic of Panama (SMV) databases reveals Broker Group Ltd not among the authorised brokers but among those blacklisted.

The text of the terms and conditions also inexplicably refers to English law.

Under no circumstances should you trust your money to such anonymous websites full of false and contradictory information.

Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK. As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS claims to offer clients a web-based trading platform. But the website does not provide access to the software if the account is not verified.

It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested.

If you use the services of a licensed broker, you will get the opportunity to use established software with advanced features and versions for all types of devices and operating systems. The most widely used trading platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Trading instruments

FXTMYesYesYesYesYes advertises that it provides the opportunity to trade forex, commodities, stocks, indices and cryptocurrencies. But the website does not provide information on trading parameters and does not offer options for different types of accounts as genuine brokers do.

Instead, after registration, we get a choice between managed account plans promising guaranteed returns.

A genuine broker will not and cannot promise you guaranteed profits. In fact, licensed companies are obliged by regulators to warn their clients about the high risk of losses when trading financial instruments. Spreads and cost of trading

Spread EURUSDN/A0.611.1
Spread GBPUSDN/A1.31.21.4
Spread USDJPYN/A1.31.21.4

If you use the services of an established and regulated broker you can expect competitive terms. With  there is no clarity. Maximum leverage

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

The only trading parameter specified on the website is a leverage of 1:500 for all asset types.

This is not a level that you see with regulated brokers. Trading with high leverage allows higher profits, but also increases the risk of sudden and excessive losses proportionally. All leading regulators limit leverage for retail traders.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand. Deposit and withdrawal methods

The deposit menu is not available for unverified accounts, and there is no information on the website regarding payment methods.

Scammers prefer cryptocurrencies because these transactions are not subject to refunds. While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill. Minimum deposit

Minimum depositN/A$5$10$5

The leading brands in the industry offer Micro Accounts suitable for beginner traders. Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Broker-group.comNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo promises that it does not charge withdrawal fees and does not specify special conditions. But we have good reason to suspect that a shady website like this would surprise us with hidden fees. charges a substantial monthly inactive account fee of 5% of the balance.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *