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BritonPrice Review - is it scam or safe?

BritonPrice Review - is britonprice.com scam or good forex broker?

RATING: 1 / 2 REVIEWS BritonPrice
BritonPrice is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account Minimum deposit Minimum trade size Maximum leverage  Spread
Micro   000 0.01 1:200 3.5 pips
Mini €7 000 0.01 1:200 3.5 pips
Silver  €10 000 0.01 1:200 3.5 pips
Gold  €30 000 0.01 1:200 3.5 pips
Diamond  €100 000 0.01 1:200 3.5 pips

 

BritonPrice is a hybrid broker, offering both binary options and forex and CFD trading. Its clients can choose between the account types listed above, however it is not clear whether if they deposit more, they get better trading conditions in terms of spreads. Yet, our main concern with BritonPrice is the fact that it is not regulated.

 

 

BritonPrice Advantages

 

Solid choice of tradeable instruments, many crypto CFDs

One of the few good things we could say about BritonPrice is that it offers trading in many currency pairs, as well as various CFDs, including on cryptocurrencies, indices, commodities, stocks, ETFs and bonds. As regards cryptocurrencies, the broker has included the most popular ones in its product portfolio - Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Bitcoin Gold, Stellar lumens, Ripple, Monero, Qtum, NEO, Ethereum Classic, ZCash, and Tron.

 

It is better for those of you who are into cryptocurrencies to find a better broker or a regulated exchange, as BritonPrice does not seem trustworthy. Here is a list of forex brokers that offer Bitcoin CFDs and are tightly regulated.

 

 

>> Regulated Bitcoin brokers <<

 

 

Up to 1:200 in leverage

Leverage is a bit controversial topic, yet many traders like using solid leverage ratios. That is why we consider the leverage levels up to 1:200 offered by BritonPrice as an advantage. Such leverage ratios are not dangerously high, but will suit almost all trading styles.

 

 

BritonPrice Disadvantages

 

Not regulated, regulatory warming against it

BritonPrice is allegedly a brand of Solutions CM Ltd., a company that operates out of Bulgaria. It is behind CryptoFG, Bitcoinoie and several other crypto CFD trading websites.

 

Yet, as a CFD provider, BritonPrice should be regulated by the Bulgarian Financial Supervision Commission (FSC), or another EU financial regulator, but they aren’t. What is worse, the company has been blacklisted by the Spanish financial watchdog, the CNMV.

 

 

 

Trading conditions not specified, no testing service

BritonPrice’s website does not mention anything about spreads, which is quite disturbing. On top of that, the broker does not offer free demo accounts.

 

 

BritonPrice’s web-based platform. Click to zoom in.

 

So, we had to open a live trading account with BritonPrice in order to be able to see its spreads. We saw the spread on EUR/USD floating around 3.5 pips, which is around three times higher than the average in the industry.



>> Compare some of the tightest spreads here <<

 

 

“Scamex” web platform

Like all other brands of the notorious of Solutions CM Ltd., BritonPrice offers its services via a web-based trading platform which we dubbed “Яcamex”. This trading interface seems to be quite popular among shady hybrid brokers, offering both forex and binary options trading. Although it’s easy to use, the charting is poor and it lacks many of the advanced features of the MetaTrader 4 (MT4).

 


>> Choose a MT4 broker instead <<

 

 

High initial deposit required

This might seem like a minor disadvantage when compared to the others, but BritonPrice requires EUR 5 000 from traders just to open a Mini account with it. As most of you probably know, most brokers require up to $250 as a start, including major players.

 

That being said, investing that much money in a shady unregulated broker is not the wisest thing to do, to put it mildly.

 

 

Conclusion

 

BritonPrice is a binary options and forex broker that focuses on cryptocurrency CFDs. It is one of the brands of Solutions CM Limited – a company registered in Bulgaria, which is not regulated and seems quite shady. Besides, its trading conditions are not all that tempting – high spreads and excessive initial deposit required.

 

Clients of unregulated brokers may be open to a substantial risk, considering the fact that such companies don’t have to follow any client protection rules and are not monitored by any governmental agency. That is why it is always best to do business with brokers licensed by reputable authorities like UK’s Financial Conduct Authority (FCA) or CySEC.

 


 >>FCA regulated brokers<<




To sum up our review on BritonPrice:

 

Pros Cons
Many asset classes covered, including crypto CFDs Not regulated, CNMV warning
Solid leverage provided “Scamex” platform, MT4 not available
  Website doesn’t disclose trading details, no demo accounts
  High spreads & initial deposit

 

 

 

Latest news about BritonPrice
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Traders` reviews for BritonPrice

Spread

Pros

Cons

 

 

Slippage

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Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Vorsicht - BritonPrice

Aktion Juni 2019
Ich habe glücklicherweise nur € 500 einbezahlt mir wurde ein Ergebnis von
€ 1402 vorgemacht . Als ich meine 500 wieder ausbezahlt haben wollte wurde mir mitgeteilt das nur € 360 zur Verfügung stehen ! Besser als nichts , dachte ich und habe diesen Betrag angefordert . Erhalten habe ich bisher nichts !!!!
Nach Abrechnung der Kreditkarte wurden meine € 500 sofort in Rubel getauscht und verschwanden in Russland .......ha,ha,ha ! Das sieht nicht sehr gut aus , also wie oben beschrieben VORSICHT !!!!


Translated by Google:

Attention - BritonPrice

Action June 2019
Fortunately, I only paid € 500, I was a result of
€ 1402 demonstrated. When I wanted to pay my 500 again I was told that only € 360 are available! Better than nothing, I thought and requested this amount. I have not received anything yet !!!!
After billing the credit card my € 500 were immediately exchanged in rubles and disappeared in Russia ....... ha, ha, ha! This does not look very good, so as described above CAUTION !!!!

Karl-Heinz Angerer 07/12/2019

My experience with Britonprice

My experience with Britonprice:
registered on 25.10.2018 at Britonprice and got in with 200.-Euro. came in contact with Robert Nowak as a broker in a short time 340000.-Euro on the account
to 10 years old, with 10 x 15000.-euro and loses, and not seen.
then he took over Mark Olson as a broker doing business without much has connected me to the compliance department (by email: [email protected])
for the purpose of emergency payment of my deposits for health problems in connection.
At this time, Senior Manager Eric Lovich has been involved
the copliance department rejected the application with the reason from 5002.- Euro my deposit was 43000.-Euro.
I've increased my deposit to $ 50,000 and a new application, the answer is: contact your account manager.
Mr Eric Lovich wanted to avoid, it is not the contribution of 2500.-Euro as transfer fee
and 5000.-Euro to set up a new account, I have also deposited these amounts.
after which Mark Olsen and Eric Locich are no longer available and are permanently submerged. My deposits are 57850.-Euro
Now Albert Weiss enters the game as a new broker.
He is trying to help me get paid my deposits and is conducting negotiations with the Board. (Mr. David Jacobs)
The result must increase my account from 132857.88.-Euro to 140000.-Euro to get paid 140000, -Euro the problem has no 7143.-Euro
Mr.Weiss releases my deposits from 55286.71.-Euro on Withdrawal, whereupon I am to receive the money
These are reports from Weiss via Skype
Albert Marin make you retreat once more complete (summe)
286,71 €
now i will unlock the money on your account and it will be tomorrow or wednesday
Albert 18:12
weill it is beautiful on the way
but if you want to be able to do so, then she is the money on her money
It was impossible to look at it
Albert 14:42
it can take 48 hours maximum the money has been traveling since yesterday
17:58
After unlocking, nothing happened
Is that the way you treat your customers

Yours sincerely
Martin Lange

M.Lange 03/27/2019
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