Broker Advice: customer reviews of the company’s performance in 2023

Newly Rebuilt Information about Broker Advice Company

Broker Advice LTD recognizes its commitment to reliability, transparency, and honesty. The agency has been actively operating in the market since 2008, but we have not found any reviews about them either in the Russian segment of the internet or on international forums. The absence of feedback raises doubts about the truthfulness of the information provided by this intermediary. In our review, we will disclose what we have learned about the brokerage company and why we believe it should be listed as untrustworthy.

Key Facts about Broker Advice

Externally, the Broker Advice website looks complete, but in fact, it is a one-pager with minimal information about itself and its services. Some key statistics provided on the website include:

  • year of establishment – 2008,
  • 7,513 satisfied clients,
  • 2,684 deals per week,
  • 1,290+ successful investment portfolios.

If these numbers were genuine, there would surely be reviews from real clients on various internet resources. However, their absence indicates the artificial nature of the provided data. Domain registration details show that the Broker Advice website was only created on April 24, 2023, explaining the lack of information about the company in open sources.

Service Provider – Hypocrisy or Reality?

We could not find evidence that Broker Advice provides its services in a legal manner. Internal work standards are also not outlined. The only proof of the company’s activity is its address in London. However, to open an office in London, a license and appropriate registration are required.

In the Companies House registry, we found the company Broker Advice Limited with registration certificate No. 13698172, issued in October 2021. However, this business has no relation to brokerage services but deals with mortgages and insurance.

License Information and Legitimacy of Operations

Broker Advice Limited is indeed listed among the licensed FCA companies. However, it is important to note that the regulator specified restrictions on the company’s activities, which is a crucial aspect for potential clients. We also discovered the official website of the real company Broker Advice Limited – brokeradvice.co.uk. This site offers insurance services, but at the time of the check, the site was under reconstruction.

How Clients Are Deceived

Scammers acting on behalf of Broker Advice try to attract novice traders and gain their trust. Using remote access programs such as TeamViewer and AnyDesk, they promise trading assistance, but in reality, they use them for fraud, stealing clients’ funds and personal information. These fraudsters seek to deceive while remaining below the surface and unpunished.

In Conclusion

If reliability and honesty in financial transactions are important to you, remember – the company Broker Advice is not honest and reliable. Their methods fall under the definition of deception, and despite having licenses, the activities of this company rather discredit the financial sector. We urge you to be vigilant and cautious in choosing a partner for investments.