Is Britonprice a scam or legit broker?

No, it is not safe to trade with Britonprice. The company is owned and operated by Britonprice FinServices LTD and claims to be located in Sofia, Bulgaria.

Despite its location, the broker doesn’t provide any information about the regulation/license and we can also confirm that neither Britonprice nor Britonprice FinServices LTD are regulated in Bulgaria by the Financial Supervision Commission.

About Britonprice
🗺️ Registered inBulgaria
🗺️ Type of LicenseNo License
🛡️ Is Britonprice safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerIC Markets - licensed by ASIC in Australia

Previously, Britonprice was owned by Solutions CM that had a bad reputation because it was banned multiple times as an owner of such brokers as Lockwood Investments and Easy Line Pro.

Also, the only contact number on the website is British, when the broker is definitely not authorized in the UK by FCA. Moreover, Spain’s regulator CNMV has issued a warning against Britonprice in April 2018:

”www.britonprice.com is not authorized to provide the investment services detailed in Article 140 of the Securities Markets Law, which includes investment advice, or to provide the auxiliary services detailed in letters a), b), d), f) and g) of Article 141 of the said Law in relation to the financial instruments detailed in Article 2 of the said Law, including, for those purposes, foreign currency transactions.”

Another and more recent warning was issued by German BaFin:

Conclusion

We advise all investors and traders to avoid Britonprice and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and XM.com.


Britonprice website is no longer active.

No news available.

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