EXCLUSIVE

Brokerz.com

Score: 5/5

Brokerz.com is brand of Brokerz ltd which is located in Kingstown, St. Vincent and the Grenadines. It trades in Forex, stocks, commodities, indices and lacks regulation. Check out the whole review to see the advantages and disadvantages of dealing with this broker. 

BROKERZ.COM REVIEW

Date release: 24/02/2020

Brokerz offers one of the most popular forex platforms, fast execution speeds and enhanced trading platform features. By offering the fastest trading environment of the forex brokers combined with the leading platforms.

COMPETITIVE EDUCATION PLATFORM

The education section is featured on top of the page, which indicates the importance of it with this broker. The educations section is quite perfect for beginners but also experienced trader can take a look at their video tutorials and their e-book. While the beginners can use other tools like the forex glossary or the trading school page. With Brokerz you’ll be able to invest in your market education and start trading like a professional.

TRADING POSSIBILITIES

All traders know that it is important to keep track of the markets at any time. So Brokerz offers you the possibility to trade like a professional at any time of the day, whenever you are. You can trade through their three trading MetaTrader4, Brokerz Web Trader and of course Brokerz Mobile Trader. We all know that for some times now, trading from the phone has become a must and Brokerz. You can invest or trade straight from your phone.

Brokerz offers 3 trading platforms:

1. MetaTrader 4: take advantage of one-click, at-best order execution, advanced technical analysis and unmatched automation capabilities!
2. Brokerz WebTrader: a user-friendly web platform which synchronizes all trades with your MT4 account.
3. Brokerz Mobile Trader: a state-of-the-art platform developed using HTML 5. Market Mobile Trader is compatible with Smartphones that support HTML 5.
Brokerz offers 4 types of trading accounts: Classic, Gold, Platinum and VIP. To learn more about account types, please visit the Accounts page.

You can Try their Demo account that provides access to the MT4 demo platform
You can open as many demo accounts as you wish and have the chance to become familiar with the platform and its functionality for an unlimited period of time. For beginners, demo trading is the recommended starting point. We are able to provide screen sharing demos of how to use the software with a member of our technical team. More experienced traders might also find our demo account useful to understand trading conditions, pricing and the symbols we offer.

NO HIDDEN FEES

Brokerz doesn’t charge fees for deposits and withdrawals. Only some intentional institutions may charge their own fees. Payment options range from a bank transfer, credit card, Skrill, Paypal to Union Pay. Commissions have been even lower for high volume trader and no fees on both deposits and withdrawals.

About brokerz.com
Brokerz was started in 2013, with the partners at Brokerz having a particular vision of offering customized 1-on-1 account management for customers who wish to give their well-earned cash something to do. Rather than just letting the funds to gradually increase in the bank, we want you to allow your funds to go further and make higher profits.

We believe that in the past couple of years we had been conditioned to think that only people who have a lot of money and specialists could try their hand in Stocks or exchange outside monetary forms. With this in mind, Brokrez set out to permit ANY individual, sitting at home or in the workplace, to have the capacity to trade In Foreign Exchange and offer them the 100% backing and direction required for novices.
Muddled advancement and befuddling wording are not our things.

We are thrilled and grateful to see our customer base has developed so quickly and continuing to grow, with that our customers’ benefits and with that so did our own. In short, everybody comes out a winner!

YOU CAN TRADE HERE: www.brokerz.com

Trading Foreign Exchange (Forex) and Contractors for Differences (CFD’s) is highly speculative, carries a high level of risk
and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should
not speculate with capital that you cannot afford to love. You should be aware, of all the risks associated with trading on margin.

COPYRIGHT | ALL RIGHTS RESERVED

Brokerz.com is brand of Brokerz ltd which is located in Kingstown, St. Vincent and the Grenadines. It trades in Forex, stocks, commodities, indices and lacks regulation. Check out the whole review to see the advantages and disadvantages of dealing with this broker. 

Disadvantages

Not licensed, blacklisted by an Austrian regulator

There is no explicitly stated regulation on the website which inclines us to believe that Brokerz does not fall under any regulatory oversight. Otherwise, it would have stated so since regulation is highly valued in the trading world, as it should be. Without it, we have no guarantee of the segregation of accounts i.e. the client’s funds may well be mixed with those of the company and liable to all sort of illegal encroachments on part of the broker. All the more so, considering that the Austrian financial watchdog has officially warned the public against dealing with Brokerz. Due diligence requires us to state this fact and have it in mind if trading with the broker. 

Furthermore, besides the possibility of commingling, there is also no safety mechanism by which the client’s losses may be recovered in case the broker goes bankrupt or decides simply to skip town. Regulatory agencies such as the FCA or Cysec offer all these assurances and more. We suggest interested traders put their trust in the cliché “better safe, than sorry” and orient themselves to brokerages that can assure compliance with the highest regulatory standards. 

High spread

Brokerz offers access to their web-based trading platform through a demo account which is always a big plus since it allows potential traders to have a look before they decide to put up real money. The spread on the EUR/USD stands at 3.0 pips which is double the industry average of 1.5. Such a difference of a meagre pip and a half may not seem very relevant in a single-trade, but take notice that in a long time interval, covering hundreds of deals, such a difference may add up to a substantial amount. To summarize- higher spreads drives up the cost of trading and lowers the raw profit of the trader. Having that in mind, we advise potential traders to be always on the lookout for brokers offering lower spreads. 

Commission

On top of all that was mentioned above, Brokerz charges a commission of $8 for every lot in/on EUR/USD. This means that an extra 0.8 pip is added to the total spread. Such a commission further increases the cost of trading and works against the trader. Considering the lack of regulation, it may well be said that more favourable trading conditions are available in the trading world for would-be traders and we have linked to them in the review.

Advantages

Trading Platform

Brokerz offer their clients access to three trading platforms, including a web-based one and the MT4 trading platform. Both the available variety of platforms and the presence of the MT4 among them should be counted as big advantages for the broker. The MetaTrader 4 platform provides many unique features among which the MQL programming language deserves a special mention since it allows traders to back-test trading strategies with expert-advisor bots. 

Low minimum deposit

Potential clients of Brokerz may choose from four types of accounts. The minimum deposit for the most basic one is $250 dollars which is higher than the average of $100-150, but still reasonable. It must be said that there are many better-regulated brokers that do not even have a minimum deposit. IG is a leading example of such a broker and we recommend them to potential traders who do not wish to risk a big amount in trading. 

Reasonable leverage

Potential traders dealing with this brokerage have a 1:100 leverage at their disposal which is pretty reasonable. Although higher leverages are usually seen as advantages because they grant the trader more flexibility in deciding how to trade, there is a caveat. Higher leverage exposes you to the risk of losing much more than your initial deposit. Furthermore, dealing with an unregulated broker means no participation in a financial mechanism by which such losses may be compensated. In light of this, we see the offer of 1:100 as reasonable and straight forward. 

Products

Brokerz offers diverse financial instruments for their clients. Traders can participate in Forex, trade stocks, commodities and indices, as well as trade CFDs on a number of cryptocurrencies such as Litecoin, Dashcoin and Ripple. They do not, however, offer CFDs on Bitcoin. Here is a list of recommended forex brokers that trade with Bitcoin. 

Conclusion

The website of Brokerz is filled with information and is pretty straight-forward and easy to navigate through. This is always a big plus since information and transparency distils confidence in the traders. We had access to the trading platform, we could see the spread and the leverage, as well as the potential commission. 

23 replies on “Brokerz.com”

Best decision I made ever!
Ive been trading with Brokerz for the last 2 years. I started with 5000 euro after watching a video about a robot that will do that for me. my broker at Brokerz told me the robot is not good and that I should trade with him. Im so glad I listen to him!
We have made so much money together trading on Aramco and Bitcoin.
I told all about it to my family and now my mom trades as well.

I saw a video about making money online from Bitcoin, some girl called me and helped me to open the account. after that, Mike has been calling me every week with great news about my account. He helps me a lot and makes me money from BitCoin, Gold and so on. it amazing to me how you can change your life forever with a small decision like that.

The only company that does what was said to me as a client during first conversation. Nothing has changed for two years, in the way of handling business and profit, except I am making more money every day. We have excellent cooperation. I started with £2500, and after that, my account just grew. From time to time my account manager surprises me with a gift which is only a plus for our business relationship and co-operation. Great!

I find that they are great professionals and understand my financial needs best. Great experience last eight months

I’ve been working with this company for a few months now and I love them.
They are very helpful with teaching and with customer service.
Had to make a withdraw for several hundred and there were no issues at all, they even made the money back in like 3 days.
Amazing company highly recommended.

I really enjoy working with thus company. They have great customer service and always call you or email back as soon as possible. I started trading with them almost a year ago and I’ve made very nice amount of money. You will thank yourself if you choose them.

Amazing company!
They teach you everything you need to know about trading and trade with you at the same time.
I’ve been with them for the past 3 months and I have more than doubled my money. I highly recommend this company.

Wow this company is amazing, They have made me a lot of extra money.
I am amazed at the level of professionalism this company has.
5 out of 5 Stars!
Best company to invest with. Thank you guys for your hard work and the investment recommendation.

This company has absolutely turned my financial statement around they are nothing short of amazing.
I really recommend going with this company you WILL be happy you did.
They teach you and guide you through everything, they have the best brokers and customer service is outstanding.

I have made an amazing decision going with this company.
Invest with them and you will see. They’re smart and know what they are doing.
They teach you and guide you and trade with you so you can understand.

Great company!! They’ve helped me for the past 5 months make over $5000 I love it! The brokers are really smart and good at working the market, I’m absolutely amazed at how easy it is to withdraw money or add more. They are always there for you and answer you right away. Smart and Great company.

I made a great decision going with this company.
They are very professional and the amount of care that goes into customer help is incredible.
I highly recommend this company.
They Teach you everything you need to know and help all the way.

This company is absolutely amazing!
I have had a very successful experience trading with them.
I recommend you try them and find out how good they are for yourself.
You will not be sorry.

I have had a great experience with this company.
I started trading and making profit only after some time but you have to be willing to be patent and smart as the broker taught me.
I had a good return on my initial investment so I think it’s time to invest more.
Amazing company Good trading

Leave a Reply to Nathan Mason Cancel reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE TO OUR NEWSLETTERS

Subscribe to our newsletters to receive the latest news and exclusive offers every week.