Broker XP Review

Broker XP

www.brokerxp.com

Reason to avoid: Offshore license

Listed Date: May 28, 2018

Top 3 Regulated Forex Brokers

  • Company name: Aviant Marketing Limited
  • Registration/license: Marshall Islands
  • Registration/license requirement: $2,000

Broker XP is owned by the Aviant 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, that costs $50,000 and also $100,000 of capital is needed aside from client deposits. The difference in the capital amounts is obvious, so the reputation of the regulators.

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