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How about Brief Trader? Safe or not?
Brigham
Micronesia
2023-10-30
ANSWER Brief Trader is not a safe trading platform, as its regulatory information appears to be false. While it claims to be licensed by the Belize Financial Services Commission (Belize FSC) under license number 000320/189, this number does not exist in the register of the Belize financial watchdog. Furthermore, a search for the company name "GQ Capital Inc", which it purports to trade under, yielded no corresponding records either. This is a red flag for a scam.Furthermore, the Financial Conduct Authority (FCA) issued a warning against Brief Trader for illegally providing financial services or products in the UK without their authorization. This warning further indicates that Brief Trader is not reliable.Therefore, we strongly suggest investors steer clear of Brief Trader. This unlicensed platform exposes substantial risks of fraud and identity theft and its clients cannot get protections from the regulatory framework. To minimize such risks, it is advised to choose fully regulated brokers.
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