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BrokersStation Review – is it scam or safe?

BrokersStation review  – is www.brokersstation.com scam or good forex broker?

RATING: 2 / 3 REVIEWS ForexBrokerz BrokersStation
BrokersStation is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Conservative $1000 0.01 lots 1:200 From 3.3 pips
ECN $5000 0.01 lots 1:400 From 0.3 pips, floating
International $15 000 0.01 lots 1:400 From 2.2 pips
VIP $30 000 0.01 lots 1:1000 From 0.1 pip

 

BrokersStation has four main types of forex live trading accounts, with one of them – Conservative – also offering access to trading in binary options. There is also a dedicated binary options account, called “Trial” with a starting deposit of $250. The broker also offers a free demo account.

 

BrokersStation's asset portfolio consists of over 250 instruments, including forex, spot metals CFDs on indices and commodities and binary options.

 

 

The company. Security of funds

 

Company Country Regulation
International Securities Limited Vanuatu VFSC

 

BrokersStation is owned and operated by International Securities Limited, based and regulated in the offshore zone Vanuatu. It claims to have an office in London, but this is beside the point, as it is not regulated by UK's FCA. On the contrary, it has some flimsy license from an offshore regulator known for its lax approach to requirements and oversight, despite its pledges to tighten them up.

 

We are not saying that BrokerStation is necessarily a scam, but Vanuatu and the likes are known as the preferred destinations by dishonest companies whose only goal is to steal people's money. This is why dealing with offshore brokers is far riskier than with properly regulated companies, like the ones overseen by the UK's FCA or the Australian Securities and Investment Commission (ASIC).

 

BrokersStation notes it does not accept clients from the US, as it is not regulated by neither of the local wathcdogs. The company, however, provides a phone number in Canada. To our best knowledge, the broker is not regulated by neither of Canada's provincial regulators, as required by local legislation, which means it is in reality not allowed to target Canadians either.

 

 

Trading platform

 

BrokersStation offers the most popular trading platform for forex trading – MetaTrader 4 (MT4). MT4 is the most frequently offered trading platform and is popular both among brokers and traders. It is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading.

 

 

Promotions

 

BrokersStation has a fairly unorthodox approach to forex bonuses. On its site it advertises a raffle with a Nissan GTR sports car as a prize for those who deposit at least $1000 and enter their name in the draw.

 

 

Payment methods

 

Like most forex brokers BrokersStation provides several different payment methods. Clients can make deposits through bank transfer, credit and debit cards and the online payment systems Neteller, Skrill and Sofort.

 

 

Conclusion

 

BrokersStation is one of the hundreds of offshore forex brokers seeking a place under the sun. Like most offshore brokers, it also has rather high deposit requirements, which could bee off-putting for many potential clients. Its spreads are not very special either, nor is the leverage, although the 1:1000 could sound attractive to someone. One must not forget, however, that such high leverage often means huge losses in just one or a few trades – the European regulators are seeking to limit the leverage on some instruments for a reason.

 

Pros Cons
MT4 Offshore
  High deposit
  Wide spreads

 

Latest news about BrokersStation
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Traders` reviews for BrokersStation

Spread

Pros

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Slippage

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Requotes

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Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Brokersstation is quilty of embezzlement

Stay away from this company. They are guilty of embezzlement and confiscation of clients funds without reason. The persons behind the site are liars and have created several forex/CFD/investment review sites to be able to manupulate their reviews and give themselves unearned positive remarks to lure innocent investors into their scam

carl fuglesang 06/09/2018

Do not even think to work with this guys

They will take trades and close positions without you knowing about it.
They will hunt you to get more money from you. If you don't deposit they will make you feel like a looser.
Worst experience ever had as a beginner. I don't understand how companies and employees like this work in this business.

Bogdan Tudor 04/18/2018

I am fighting to get my deposit back

My joy was too early... I am fighting to get my deposit back...lots of phone calls, emails etc. They are constantly changing stories about the transfer. David Kingsly, Boris Kaspatov, Jason Dean and Nicolas and another dude.. Please, stay away from them

Dorota 03/08/2018

stay away form them

I am lucky that I got my deposit back, after 3 week of emailing, calling etc. If you asked them about trades they get aggressive (call you that you are greedy) or they avoid an answer that I need to contact support of Finance department. But there are no people as I called to every number, email to every address and only got a respond from: Boris, James, Richard and David. They are fantastic at fooling people. Please, be smarter and stay away from them.

Dorota 02/21/2018

Corrupt,Thieves


This company will take your money... dont expect to see it again I invested $2500 and lost the lot in a couple .There so called senior analyst recommended some Dash Coin (crypto) and another company. They are aggressive when you question there tactic's and ask them questions about the trades. Please avoid these crooks do not deal with them.

Darren Storm 02/01/2018

Corrupt liars, thieves

Everything about Brokers Stations is a fake and a lie.
They are criminals and higly corrupt cheaters.

Always ask for more money. You will never get any money back.

STAY AWAY FROM THIS THIEVES!!!

George 11/29/2017

No way out, and no customer service or regulatory obligations

Only put money in that you don't want to get back at any time. Broker Station is a group of 'dudes' who probably run their business from a basement somewhere. The company is 'registered' in Vanuatu Republic with a fake UK address and routed VOIP phone number that shows as a UK number to give the illusion of legitimacy. I advise extreme caution and avoidance at all costs. Don't count on any customer service, you'll get better service at any DMV than with this company and believe me I've spoken to everyone who works there from the bottom up. They'll sell you some bullshit about growth programs and monthly returns but in reality they'll just keep asking you for more money, if that doesn't work, they'll show you temporary growth with the money invested and then put it on a position that will deplete it and then ask you for more money to recover from the loss and promise you even more growth. Don't fall for any of their lies, question them about their non-existing withdraw policy and the company structure. Better yet, ask the people on the phone for their real names... Nothing about this company is legitimate.

Travis 08/07/2017
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