Is BrokerOfficial a scam or legit broker?

BrokerOfficial broker is Non-Regulated Broker. It is NOT SAFE to trade with this company. We have checked the company and there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

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

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

Conclusion

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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