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No Regulation
Score
1.41 /10
Danger
BOT
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.25
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-21
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Note: BOT is to operate via the website - http://botmarketsfx.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
The regulatory status of the United States NFA (license number: 0540109) that BOT holds is unauthorized. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
BOT, a trading name of BOT GLOBAL MARKETS LIMITED., is allegedly a forex broker registered in Australia.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc.
As for regulation, it has been verified that BOT currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.24/10. Please be aware of the risk.
Market Instruments
BOT advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Trading Platform Available
The current information shows that BOT does not have trading software. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Customer Support
The only way you can approach BOT is via email: info@botmarketsfx.com. However, this broker doesnt disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
| Pros | Cons |
| N/A | • No regulation |
| • Website inaccessible |
Frequently Asked Questions (FAQs)
| Q 1: | Is BOT regulated？ |
| A 1: | No. It has been verified that BOT currently has no valid regulation. |
| Q 2: | Does BOT offer the industry-standard MT4 & MT5？ |
| A 2: | No. It seems that there isnt any trading software available at BOT. |
| Q 3: | Is BOT a good broker for beginners？ |
| A 3: | No. BOT is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website. |
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