Is BrokerYard Scam or Legit Broker?

No, BrokerYard is not safe to trade with. The company is not regulated by any of the authorities. Due to its unregulated nature BrokerYard is not recommended to trade with.

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

What is BrokerYard?

BrokerYard is a trading provider with the opportunity to trade on the FOREX and CFD markets through a dedicated platform. The company claims its location in the UK, however, there is no license or registration of the broker appears. Therefore, the broker operates illegally, due to the fact that almost every financial service company and trading service provider should obtain an FCA (Financial Conduct Authority) license in order to offer their service to UK residents and beyond.

  • An FCA authorization, first of all, confirms that the company is sustainable and conducted according to strict capital requirements along with the applied customer protection rules. Thus, the FCA-regulated broker maintains a sufficient level of safety in order to offer a quality product to potential clients and perform smooth trading itself.
  • As all mentioned is not the case of BrokerYard, due to their non-regulated establishment, we do not advise trading with them. Moreover, the firm received a warning from the authorities, which is also should be strongly considered. Generally, trading with non-regulated or offshore firms increases the chances to lose funds due to some unknown circumstances and unfortunately, no one will be able to protect the client’s interests further.

 “Established that, from the information available, people operating in name of “Broker Yard” have contacted Italian investors by telephone in order to persuade them to open an account and carry out trading transactions on the said website. Moreover, some complainants have received emails containing operational instructions and that the provision of investment services and activities is reserved for authorized entities only. Hereby CONSON resolves to cease the infringements of the provision of the Broker Yard services.”

CONSOB, Italy. April 2018.

Broker Yard Review

BrokerYard Review Conclusion

We advise all investors and traders to avoid BrokerYard and other unregulated brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BlackBull Markets.

BrokerYard Update

Based on our research, the BrokerYard website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

No news available.

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