BRX Capital Review: Examining Regulation and Security
When thinking of an offshore broker, what is your first thought? Is the broker regulated? Can you get scammed? Read our BRX Capital review and find out answers to all this and much more.
|Headquarters Country:||Isle of Man|
|Types of Assets:||FX, commodities, indicies, stocks|
BRX Capital Regulation and Security
BRX Capital is a broker owned by Trim Investments Ltd. It’s a new broker on the market but already noticeable. The broker is located in the Isle of Man and has no regulation at all.
When there is no regulation, there is no security, not of your funds nor your data.
Be aware of this fact when opening an account with BRX Capital.
Warnings From Financial Regulators
Since the broker is based offshore and has no regulation, we checked if anyone noticed this broker.
The regulatory body of Gibraltar, GFSC, issued a warning against this company stating that it’s a scam and people should be aware of it.
When opening a trading account, we strongly recommend you to find a broker regulated by FCA, ASIC, or any other tier-one regulatory body.
What countries does the broker operate in?
Since the broker has no regulation, it cannot operate legally anywhere. The broker’s website is explicitly listed that it does not work with the USA, Ukraine, Russia, and Canada residents.
We could notice in some reviews that most BRX Capital broker clients are coming from the UK, Australia, New Zealand, Germany, Belgium.
Wherever you are, be aware that this broker is not regulated, and nobody cannot tell you what will happen with your money.
Can I make money with BRX Capital?
If you wonder if it’s possible to make money with an offshore broker that is not regulated, the answer is no.
Usually, you will get a call from someone promising you profit, telling you all the good stories. But that’s all that is—a story. You might see your funds on the screen, but that’s all. You will never be able to withdraw this money. And you will just get frustrated for no reason.
If you want to make money, choose a broker with regulation. That way, you will be sure that you are in a good place.
Scammed by BRX Capital?
What to do if you get scammed by BRX Capital? There is a possibility of getting your money back. You need to file a dispute and request a chargeback.
But what is a chargeback?
It’s a way of refunding your card in case you were a victim of an online scam. Contact us immediately, and let’s get your money back!
Is BRX Capital a good broker?
BRX Capital is an unregulated offshore broker. It’s not a good broker, and you can easily be scammed.
Is BRX Capital a Scam?
BRX Capital is a scam broker based in the Isle of Man, operating with no regulation.
Is BRX Capital regulated?
No, BRX Capital is not regulated by any authority body and is based offshore, in the Isle of Man.
Are Funds Safe with BRX Capital?
No. Since the broker is offshore and not regulated, your funds are not safe with this broker.