Is Get Financial Scam or a Legit Broker?
Get Financial is not a secure broker because it is registered offshore and does not hold a proper Forex broker license. While we checked the company we found that there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.
About Get Financial
| 🗺️ Registered in | St. Vincent and the Grenadines |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is Get Financial safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
What is Get Financial?
Get Financial is owned by Get Financial Markets Ltd. It is an offshore forex broker registered in Saint Vincent and the Grenadines with a Financial Services Authority license. It is the only license that it owns. Dealing with a broker which has a St. Vincent and the Grenadines registration is risky as it only takes $2,000 to get one. Comparing the license from the UK's Financial Conduct Authority, which costs $50,000 among our obligatory capital. The difference in the amounts is obvious, and so reputation of the regulators.
Get Financial Review Conclusion
We advise all investors and traders to avoid Get Financial and other brokers with St. Vincent and the Grenadines license. Traders should trade with well-regulated and trustworthy brokers such as UK brokers or brokers in Australia and reliable brokers such as Pepperstone and BlackBull Markets.
Get Financial Update
We found that the Get Financial website is no longer active. Also, there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.
Is Broker XP Scam or Legit Broker?
It is not safe to trade with Broker XP, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.
About Broker XP
| 🗺️ Registered in | Marshall Islands |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is Broker XP safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
What is Broker XP?
Broker XP is owned by Avant Marketing Limited. It is an offshore forex broker registered in the Marshall Islands with a Banking Commission of Marshall Islands license. There is another license the firm carries - M&A Mergers and Acquisitions Consultancy LP (Edinburgh, Scotland), but there are no records that it's authorized in the UK.
Dealing with a broker which has a Marshall Islands license is risky as it only takes $2,000 to get one. Comparing the license from UK's Financial Conduct Authority, which costs $50,000, and also $100,000 of capital is needed aside from client deposits.
Broker XP Review Conclusion
Based on our research Broker XP is not a safe and reliable broker due to its unregulated nature and operation in the offshore zone only.
Broker XP Update
With our finding, Broker XP is no longer active, and the website is unavailable to reach also there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations that may guarantee money safety. Traders are better recommended to trade with well-regulated brokers such as brokers in Australia and reliable brokers such as BlackBull Markets.
