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BreeTrade -

Score

1.39 /10
Danger

BreeTrade

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://en.breetrade.com

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.10

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Broker Information

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Company Name

BREE LIMITED

Company Abbreviation

BreeTrade

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
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BreeTrade · Company summary

Note: BreeTrade's official website: https://en.breetrade.com/ is currently inaccessible normally.

BreeTrade Review Summary
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market InstrumentsForex, Cryptocurrencies, Spot Precious Metals, Indices, Energy, and more
Account TypeLive Accounts and Demo Accounts
Demo Account✔
LeverageUp to 1:400
SpreadAverage spreads as low as 0.0 pips
Trading PlatformMT5
Payment MethodCryptocurrency (USDT, ETH, BTC) and Wire Transfer (service fees may apply depending on the banks involved in the transfer process)
Customer SupportEmail: info@breetrade.com
Physical Address: 69 -70 Long Lane, London, United Kingdom, EC1A 9EJ.

BreeTrade Information

BreeTrade is a brokerage registered in the United Kingdom. The trading instruments it provides cover forex, cryptocurrencies, spot precious metals, indices, energy, and more. It is unregulated.

Pros and Cons

ProsCons
Wide range of trading instrumentsUnregulated
MT5 supportedNo commission information
Demo account availableNo clear information on the minimum deposit
Low spreadsNo phone information offered
High leverage of up to 1:400

Is BreeTrade Legit?

It is clear that BreeTrade is currently unregulated.

Is BreeTrade Legit?

What Can I Trade on BreeTrade?

BreeTrade offers traders forex, cryptocurrencies, spot precious metals, indices, energy to trade.

Tradable InstrumentsSupported
Forex✔
Cryptocurrencies✔
Spot precious metals✔
Indices✔
Energy✔
Commodities❌
Stocks❌
Metals❌
Futures❌
Options❌

Account Types

BreeTrade offers Live Account and Demo Account.

BreeTrade Fees

BreeTrade's spreads are as low as 0.0 pips. There is no more information about commissions.

Trading Platform

BreeTrade's trading platforms are MT5, which support traders on PC, Mac, iPhone and Android.

Trading PlatformSupportedAvailable Devices
MT5 Margin WebTrader✔Web, Mobile
MT4❌

Deposit and Withdrawal

The broker supports cryptocurrency (USDT, ETH, BTC) and wire transfer. Service fees may apply depending on the banks involved in the transfer process.

User Reviews

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User comment

4

Comments

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SaSali
more than one year
They offer forex, metals, energy, and indices – so much to choose from. The leverage goes up to 1:400, giving us some room to play. And guess what? Their spreads start from 0.0 pips, aiming to keep our trading costs low. Plus, they've got customer support 24/7. Nice!
They offer forex, metals, energy, and indices – so much to choose from. The leverage goes up to 1:400, giving us some room to play. And guess what? Their spreads start from 0.0 pips, aiming to keep our trading costs low. Plus, they've got customer support 24/7. Nice!
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2023-12-11 18:32
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Mohammed H. Ali
more than one year
BreeTrade looks good, but here's the catch – they're not regulated. That's a red flag for safety. And that NFA license number they mention? It's marked as abnormal and unauthorized. Be cautious, as this raises concerns about the broker's legitimacy. Also, there's limited info on specific assets, and transparency seems a bit unclear. Make sure you're comfortable with the risks before diving in!
BreeTrade looks good, but here's the catch – they're not regulated. That's a red flag for safety. And that NFA license number they mention? It's marked as abnormal and unauthorized. Be cautious, as this raises concerns about the broker's legitimacy. Also, there's limited info on specific assets, and transparency seems a bit unclear. Make sure you're comfortable with the risks before diving in!
Translate to English
2023-12-08 17:50
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