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Score
United Kingdom
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk
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Comparison
Quantity 1
Exposure
Score
Regulatory Index1.38
Business Index6.08
Risk Management Index1.61
Software Index4.52
License Index2.69
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Danger
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Company Name
Bravofxtrade
Company Abbreviation
Bravofxtrade
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
Expose
The available data shows that Bravofxtrade operates without recognized regulation and holds a very low WikiFX score of 1.45. Recent user complaints indicate serious withdrawal delays, making this a high-risk entity for traders.
WikiFX
Bravofxtrade, a United Kingdom-based forex broker, has been reportedly flagged by users and financial authorities as a scam. It allegedly uses illegitimate methods to scam investors worldwide, especially in the UK, where it is based. According to the complaints, the trading firm reportedly works on an introducing broker (IB) model where experts are paid to bring in traders, who later get scammed. In this Bravofxtrade review article, we have examined complaints not only from users but also from competent financial authorities.
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