BRK-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2024-09-14 14:54

Abstract：BRK is an unregulated broker that offers mult-asset trading via the leading MT5 platform. Many traders will select a broker because MT5 is today's most popular trading platform. Nevertheless, the absence of regulation places many customers at risk of losing their money.

BRK is an unregulated broker that offers mult-asset trading via the leading MT5 platform. Many traders will select a broker because MT5 is today's most popular trading platform. Nevertheless, the absence of regulation places many customers at risk of losing their money.

Pros and Cons

Pros	Cons
Minimum deposit: $50	No regulation
Popular trading platform: MT5	Lack of transparency
Maximum leverage up to 500:1

Is BRK Legit?

BRK HOLDINGS LIMITED established BRK in 2019, and the company's registration number is 02215079. However, BRK is not regulated by the Financial Conduct Authority (FCA). And FMA and MAS also can't find anything about it.

What Can I Trade on BRK?

BRK offers over 30 forex currency pairs, indices, stocks and bitcoin for personal investment and trading options.

Tradable Instruments	Supported
Forex	✔
Shares	✔
Indices	✔
Cryptocurrencies	✔
Metals	✔
Soft Commodities	✔
Options	❌

Account Type

BRK offers two account types: live and demo. Customers can open a demo account to develop and enhance their abilities, and they can convert it to a live account for trading once they have attained proficiency.

Leverage

The maximum leverage ratio provided by BRK is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

BRK Fees

BRK fees are lower than the industry average.

Account Type	Minimum Deposit	Spread
Live	$50	0.8

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Mobile device (Mac, Android, iPhone, iPad), Desktop	Experienced traders

Deposit and Withdrawal

Deposit Options

Deposit Options	Min. Deposit	Processing Time
Neteller	$50	Not mentioned
Skrill	$50	Not mentioned

Withdrawal Options

Withdrawal Options	Min. Withdrawal	Processing Time
Neteller	$50	Not mentioned
Skril	$50	Not mentioned

Customer Service

Contact Options	Details
Phone	+44 7845 576291
Email	support@thebrokerscapital.com
Support Ticket System	❌
Online Chat	❌
Social Media	Facebook, Instagram
Supported Language	English
Website Language	English
Physical Address	Suite 305 Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and Grenadines

FAQs

Is BRK safe?

BRK lacks regulation and can be very unsafe, with many legal and financial risks.

What kind of trading platform does BRK offer?

MT5 offers a user-friendly platform with extensive knowledge-sharing capabilities.

Is BRK good for beginners?

No. We don't recommend any traders trade with unregulated brokers although it advertises to offer quite attractive trading conditions.

Leverage Broker Dealer Forex trading Forex Broker

Related broker

No Regulation

BRK

Company name：BRK Holdings Ltd

Score

1.56

Website：https://thebrokerscapital.com

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.56

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