BrokerOfficial Review present by 55brokers and other brokers reviews, Before signing an account you should always check on broker reliability and compare its trading offering.

  • Company name: Astercap LTD
  • Registration/license: No license
  • Registration/license requirement: –

Is BrokerOfficial a scam or legit broker?

No, BrokerOfficial is not legit to trade with it.

BrokerOfficial is a Forex and CFD broker owned and registered by Astercap LTD. The company claims to be located in the UK, although it is not registered to provide financial services to the UK residents.

In the United Kingdom, the responsible institution is the Financial Conduct Authority (FCA) and all the brokers need to have a proper license from this regulator.

There is no record about BrokerOfficial in the Register of the FCA which means it is dangerous to trade with this broker as it doesn’t have a license.

Moreover, the Canadian regulator British Columbia Securities Commission has issued a warning against BrokerOfficial.

BrokerOfficial

We recommend you to avoid not licensed brokers and choose among the regulated ones. The most reliable regulators are the UK’s FCA, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).

These regulators require a certain amount of capital from the brokers to guarantee the compensation of funds and a certain level of safety of clients’ money. Here you can check the list of the ASIC-regulated brokers.

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