Beware! Billner Group 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.


Billner Group boasts itself as a broker offering “unquestionably the best trading conditions”. However, these claims do not stand up to scrutiny. Billner Group is in fact nothing more than yet another online scam disguised as a forex broker. In this review, we will show you how to identify fake investment intermediaries to avoid putting your money at unnecessary risk.

Billner Group Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Billner Group
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.

The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

Billner Group does not provide information regarding the owning company or regulatory licence. No contact address is given. The text of the Terms and Conditions does not mention a legal entity and does not specify an applicable jurisdiction.

Billner Group  undoubtedly has no legal authorisation to offer financial services and products. The financial authorities in the Canadian province of Quebec have noticed this and have blacklisted the website.

If you have decided to invest in financial instruments you have a choice of much more trustworthy options.

Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

Billner Group Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Billner Group platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

Billner Group claims to implement web-based trading software. But we were not able to confirm this because all features on the website’s dashboard are blocked if the account is not approved. Genuine brokers allow easy Demo account creation.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

On the website we also see links to download remote access software.

Scammers often convince potential victims to install such software and provide access to their personal devices, supposedly to get technical help.

Billner Group Trading instruments

Billner Group

Billner Group advertises trading in all major asset classes, but as we have seen this anonymous and unregulated website has no authorisation to facilitate trading in financial instruments.

Billner Group Spreads and cost of trading

Billner GroupXMFBSFXTM
Spread EURUSD0.611.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

Billner Group  does not provide clear information on the most basic trading parameters, including the price paid by the client. When you visit the website of a legitimate broker you will find proposals for different types of trading accounts suitable for investors with different preferences, as well as detailed descriptions of trading parameters – minimum deposit, order execution method, tradable financial instruments, leverage, spread, swap, commissions, etc.

Billner Group Maximum leverage

Billner Group400:1100:110:1100:1100:1
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

Billner Group claims to offer leverage up to 1:400. 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.

Higher levels of leverage are only offered to professional clients who trade entirely at their own risk. If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Billner Group Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Credit cardInstant24 hoursFree
PayPal1 hour24 hours2%
Skrill1 hour24 hours2%
Neteller1 hour24 hours2%
Crypto24 hours24 hoursFee depends on crypto

Billner Group claims to allow deposits and withdrawals via credit cards and wire transfer, but we have not been able to verify this. Experience has shown that fake brokers routinely advertise conventional payment methods, but actually steer their potential victims towards cryptocurrency transactions. This not only guarantees them anonymity, but also deprives the defrauded of the option to request a refund or chargeback.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including such as PayPal, Skrill or Neteller.

Billner Group Minimum deposit

Billner GroupXMFBSFXTM
Minimum depositN/A$5$10$5

The leading brands in the industry offer beginner traders starter accounts with a very low minimum deposit. You have no good reason to take chances with shady brokers like Billner Group.

Billner Group Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Billner GroupLots=Bonus/4Not specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

In the text of the Terms and Conditions we find a typical scam clause designed to block withdrawal requests. If the account has received a bonus, it must meet a strangely defined minimum volume requirement – number of lots equal to the bonus amount divided by four.

Top Forex Brokers

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

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