FXBravo Review – All The Warning Signs Found In One Place
The company is operating under the flagship of PRESTIGE CAPITAL LLC. With offshore headquarters and low transparency, there is nothing much to hope for.
Generally speaking, offshore brokers are not a good place for traders, especially inexperienced ones. But to learn all their tricks, we kindly suggest you read this FXBravo review carefully.
|Regulated By:||No Regulations|
|Is This Company Safe?||No|
|Have Warnings From:||N/A|
|Registered In:||St. Vincent and Grenadines|
|Trading Assets:||Forex, Commodities, Indices, Shares, Cryptos, Bonds, ETFs|
|Free Demo Account:||Not Available|
|How To Withdraw From This Company?||After numerous negative reviews and complaints about withdrawals, don’t raise much hope that yours will be successful. Instead, contact our chargeback team for detailed guidance on getting your money back.|
Legal Info: Is FXBravo Legit Or A Scam?
The Financial Services Authority (FSA) in St. Vincent and Grenadines is not issuing FX or CFD trading licenses. Therefore, those companies should obtain another license, for example, FCA, BaFin or ASIC.
Such rules are set primarily due to strict monitoring, high-security systems and maximum protection for a trader. Yet, the FXBravo broker is not listed in any of those databases.
Who Are FXBravo’s Clients?
According to whois.com, the fxbravo.net domain has been active since 2022. Generally speaking, freshly registered brokers don’t present some spectacular credibility. Especially if they are not licensed. Therefore, it’s not strange they are scamming traders from:
- United Kingdom
If you are one of their victims also, let us know. After all, you can meet our refund specialists and find out your options to get your money back.
One of the clearest warning signs is the FXBravo reviews on Trustpilot. Currently, there are 105 comments and more than 40% of complaints, mostly about withdrawals.
In fact, that’s not surprising, primarily due to missing regulations. But to avoid these things in the future, get in touch with our experts for detailed guidance.
Investment Costs With FXBravo
Important to realize is that the company doesn’t reveal any conditions transparently. Starting with leverage, spreads or commissions. They hide all except for the inactivity fee of $50 for every month after 60 days of inactivity.
More warning signs are coming with FXBravo bonuses. But first, we have to mention that they don’t reveal the bonus amount. Yet, there is a bonus policy revealing their dirty tricks.
Practically, you have to reach a minimum trading volume to be able to withdraw funds. Not only that but there is also a limit of 30 days. Otherwise, all the bonuses are removed.
FXBravo Trading Features
One of the rarely positive things about the broker is the software availability. Even though Sirix can’t be compared with MetaTrader or cTrader, it’s a good option. Yet, you should keep in mind that trusted software with scam brokers is useless.
Is FXBravo Legit?
It’s bizarre to think that such a broker like FXBravo can be legit. Literally, everything points in the other direction. Starting with missing regulations, fraudulent bonus policies, non-transparent funding options and many more. Therefore, we invite you to learn more safety measures by reading our Binatex review.
Available Trading Assets
The instrument classes of FX Bravo broker are quite solid. Yet, without a trusted license it’s irrelevant. Some of the options are
- Forex – GBP/EUR, USD/NOK
- Commodities – gold, cotton
- Indices – S&P500, ASX200
- Shares – Walt Disney, General Motors
- Cryptos – BTC, BCH
- Bonds – US T-Bond, EU-Bond
- ETFs – Russell 2000, QQQ
Another shady thing about this broker is the missing account type classification. Not even the minimum deposit requirement is known. Therefore, plenty of room for playing games with clients.
Mobile Trading App
Sirix platform has indeed downloadable apps for iOS and Android devices. Most importantly, you can keep using all of its functionalities, like on the desktop. Yet, you shouldn’t let that trick you. To understand better the importance of reliable software check our Exobit review.
Generally, the Sirix platform includes a demo account. Yet, FXBravo broker doesn’t include that in their offer. Not even any other risk-free option. Or at least insight into their platform.
FXBravo withdrawals are the most suspicious topic. Primarily because of a non-existent withdrawal policy. Luckily, there is a bonus policy to tell us everything about their intentions. On top of that, the company doesn’t reveal withdrawal processing time or fees.
A few very common options to prolong the withdrawal process are non-existent fees and verification issues. But also very often, brokers are using tax scams.
Surprisingly, the company has a wide range of contact options. In the first place, there are multiple phones all leading to so-called South American offices. Also, there are e-mails, live chat and web forms. Yet, many traders were not satisfied with their customer service. Which is expected if you are looking for a withdrawal.
Key Information To Consider About FXBravo?
In the first place, the company is not regulated anywhere. They are an offshore anonymous entity that is only protecting themselves. Also, they have completely unknown trading conditions, costs and important policies. With this in mind, you know everything is designed for fraud.
If you recognize any of the warning signs in your experience, don’t hesitate to report it. Ultimately, everyone is looking to get their money back somehow. That’s where our specialists can help you the most. Whether you need CipherTrace to track crypto or chargeback assistance, we are available. Get in touch now and book your first consultation!
What is FXBravo?
FXBravo is an offshore broker operating from Saint Vincent and Grenadines since 2022.
Is FXBravo a Scam Or Legit?
FXBravo is a scam broker. They are operating without any licenses. Moreover, their complete offer is suspicious and non-transparent.
How To Get My Money From FXBravo?
To get your money back, we strongly suggest you contact our refund specialists for detailed guidance. The first meeting is free and non-obligatory. Get in touch now.