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No Regulation
Score
1.40 /10
Danger
BRAISS COMPANY
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Comparison
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Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.15
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
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-15
- 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: Since BRAISS COMPANYs official site (https://braisscompany.com) is unavailable while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
BRAISS COMPANY, a trading name of Braiss Company Capital Inc., presents itself as a multi-regulated global forex and shares broker authorized by FCA, ASIC & FSCA with 24/5 multi-lingual support that has operated since 1986. However, instead, it is an unregulated scam broker based in California, the United States. The broker claims to provide its clients with leverage up to 1:500 and low spreads from 0.2 pips, as well as a choice of four different live account types.
Market Instruments
BRAISS COMPANY advertises that it is a forex and shares broker that mainly offers forex and shares trading.
Account Types
There are four live trading accounts offered by BRAISS COMPANY. Opening an account requires the minimum initial deposit amount of between $200 and $5,000.
Leverage
A leverage ratio of up to 1:500 is offered by BRAISS COMPANY, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads
BRAISS COMPANY claims that the spread for forex trading is as low as 0.2 pips.
Trading Platform Available
BRAISS COMPANYs website is illustrated with images of various trading platforms, but no such platform can be found anywhere. In fact, in the client portal of an account, there is only an ordinary chart with the price of Bitcoin, without any trading functions.
Deposit & Withdrawal
BRAISS COMPANY accepts deposits with crypto wallets only. The minimum initial deposit requirement is said to be $200.
Bonuses
BRAISS COMPANY claims to offer a deposit bonus of up to 50%, yet we cannot be sure if the bonus is available without any condition.
Customer Support
BRAISS COMPANY‘s customer support can be reached by telephone: 3920394292, email: support@braisscompany.com. Company address: California, USA. However, this broker doesn’t disclose more specific address information that most brokers offer.
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