Is Benchhill Partners a scam or legit broker?

Benchhill Partners is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

About Benchhill Partners
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is Benchhill Partners safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

Benchhill Partners is a Forex, CFDs and cryptocurrencies broker, owned and operated by Benchhill Partners Ltd. They claim to have offices in Switzerland and the United Kingdom, and provide the addresses and contact numbers on the website.

Although, the company is not licensed in any of the mentioned countries. Also, the company provides the info about its regulation and states to be regulated by BaFin (The Federal Financial Supervisory Authority) in Germany, when there is actually no such company in the regulator’s register.

Moreover, Benchhill Partners Ltd. has recently been banned by the Swiss regulator FINMA (Financial Market Supervisory Authority).

Conclusion

Investing with a properly regulated broker is crucial for the safety of any investment. There are few well-respected institutions that enforce strict regulatory standards upon all brokers in their jurisdiction, such as FCA in the UK, ASIC in Australia or CySEC in Cyprus. Check out a list of brokers authorized by FCA.

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