Brokeragea Review: Learn Why This Broker Is a Bad Choice
Brokeragea is a questionable broker with an alleged offshore location. Moreover, their web page is not functioning and they have no trading platform to access. Not to mention the big deposit requirement. This is a risky broker, and we’ll clarify why in the subsequent Brokeragea review. Let’s dive into more!
|Address||St. Vincent and the Grenadines|
Brokeragea Funds Security and Regulation
This FX broker is apparently lawfully built-in St. Vincent and the Grenadines. However, this is entirely false. The broker is unwilling to give any additional data. Nevertheless, it wouldn’t make any distinction if the entity is actually enlisted there.
St. Vincent and the Grenadines is regarded as an infamous tax sanctuary. That is the place where people can record anonymous IBCs with invisible ownership.
Moreover, the local regulator SVGFSA doesn’t license FX corporations or in any way supervise the regional market, so the SVG brokers are usually excessively dangerous. To put it simply, your money will be at risk if you deposit since Brokeragea is incognito and unregulated. It will be a battle to get your money back once they deceive you.
All of this is an obvious indication that we are dealing with fraudsters who wish to remain incognito for all pragmatic purposes. It’s wise to stay away from scammy brokers like this one.
Note: FSMA regulatory body issued a warning against this broker scam. Keep this in mind!
The Trading Platform Used on Their Website
The trading software of this broker scam remained unknown. Why? The signup page is wiped out. Such negligence sabotages the broker’s credibility even further, and it’s a dispute enough to stay away. It’s impossible to tell whether Brokeragea offers any trading software.
You should check the best MetaTrader4 and MetaTrader5 brokers, which are undoubtedly delivering the best allocations available. You will find many refined components such as Expert Advisors, intricate indicators, and extraordinary charting tools.
Note: Apart from its avant-garde desktop version, MT5 is available as a web venue too. It is accessible from any browser. There is a mobile application for the platform too, available for Android devices. Sadly, there’s nothing for iOS yet.
Deposit and Withdrawal at Brokeragea
You may be able to see that the minimum deposit amount is set to $1000. This is around 10 times more than the regulated brokers’ requirements on average. Brokeragea is extremely mandating, so you’d better observe the links in this review to discover legit brokers proposing their services for as little as $5 or $10.
As for funding, Brokeragea implies accepting a mixture of methods. However, we can’t corroborate their claims due to the signup issues. There are way too many issues with this broker.
Brokeragea Account Types Available
You can see six account types that they offer. Let’s take a look at them now!
- Starter Account
- VIP Policy
You’re allowed to get more technical indicators and financial announcements from the Intermediate account. Ultimate and VIP Policy accounts supposedly carry EU bank accounts.
How Did This Broker Carry Out The Scam?
Trading is a risky business, by all means. This is true even for experienced investors using trustworthy brokers. For newbies, there is also the risk of being conned by the many scam brokers posing as real brokerages.
These sites will lure you with empty promises of easy returns. Often, these fraudsters promise guaranteed returns and spread lies. After investing a low amount, they will persuade you that you are already making excellent profits. After that, they will urge you to invest more money.
But your funds are not invested. Eventually, you will never see those promised returns. This is the unwritten rule! What happens after you ask to withdraw your cash? You will be alarmed by the elusive minimum trading volume needs. Scammers hide behind fake names and offshore firms. Because of this, it’s impossible to hold them responsible.
Tip: Never forget that trading carries a significant risk. Your funds may be at risk and no profits are ever guaranteed.
As you can see in this Brokeragea review, this FX broker is not authorized. This goes without saying! They show no real address on their site, and they lack many crucial details as well.
Rather than wasting your precious time here, stick to the legit firms. You will save your time as well as your money.
FAQs About Brokeragea Broker
Is My Money Safe With Brokeragea?
No. Your funds are not safe with this scammy forex broker. Try to keep this in mind at all times.
Does Brokeragea Offer Demo Account?
No. Brokeragea FX broker does not offer a demo account. You can only see the live account.
What Is The Minimum Deposit for Brokeragea?
The minimum deposit amount for Brokeragea is $1000. This is a relatively high amount.