Brokerz: A Scam Broker or Legit? Ultimate 2025 Review

1. The Origin and Positioning of Brokerz

Brokerz describes itself as a “global financial broker” that offers forex, contracts for difference (CFDs), and cryptocurrency trading.

• Slogan : Low spreads, transparent transactions, global customers.

• Current status of the official website : Its official website is still accessible (tested in August 2025) and provides a multi-language interface.

• Actual situation : No mainstream financial regulatory licenses have been disclosed and the place of registration is unknown.

In contrast, Brokerz has no legal backing at all, unlike compliant platforms such as IG Group (strictly regulated by the FCA and listed on the London Stock Exchange) and OANDA (regulated by the NFA/CFTC).

2. Regulatory Compliance: The Absent “Safety Umbrella”

1. No top-level regulation

• FXLeaders included Brokerz in its "Top 10 Scam Forex Brokers List" for the following reasons:

• No legal license

• Frequent withdrawal problems

• Classified as high risk by many countries

2. Suspected of cloning

Some users said that Brokerz claimed on its official website that it was "regulated by Cyprus", but no records were found in the official CySEC query , making it suspected to be a "clone company."

3. Risk of compliance deficiencies

• No fund segregation (customer funds may be directly misappropriated);

• No compensation mechanism;

• It is difficult to protect rights across borders.

3. Trading conditions: the gap between publicity and reality

Brokerz official website promotion:

• Spreads as low as 0.1 pips;

• High-speed execution;

• Supports a variety of trading products.

But the real user experience:

• The spreads are inflated and the fees are not transparent;

• The market is severely stuck and it is impossible to close the position during the market trend;

• Suspected of fake trading , the quotes are significantly different from TradingView data.

This means that Brokerz may adopt a betting model (B-Book) or a simulation market.

4. Fund Security: Withdrawal Risk is the Greatest

1. Forex Peace Army Complaint

• User comments:

  "SCAM company. DONT trust these people... You don't get your money back never."
  “They will accept deposits easily but when you try to withdraw, they make endless excuses.”
  Source: Forex Peace Army User Complaints

2. Trustpilot reviews

• On Trustpilot , Brokerz has a very low score, with the vast majority of reviews being 1-star negative :

• "Unable to withdraw cash"

• “Customer service promotes deposits but refuses withdrawals”

3. Common Excuses

• requiring payment of additional “taxes and fees”;

• Delays in system maintenance;

• Authentication failed.

Even after the so-called “taxes and fees” are paid, the funds are still not released.

5. Media and Third-Party Exposure

• FXLeaders : Named Brokerz as one of the scam platforms.

• Forex Peace Army : A large number of victims have complained about failed withdrawals.

• WikiFX : Very low risk rating, marked as “unregulated”.

VI. Typical Victim Cases

1. Case A (Europe) : A user deposited $2,000 and applied for a withdrawal after making a profit. He was asked to pay a 10% "tax", but the money was still not received after the payment.

2. Case B (Asia) : After investing $5,000, the customer service representative repeatedly urged additional investment and promised "guaranteed profits". After refusing, the account was frozen.

3. Case C (Middle East) : The quote was obviously inconsistent with MT4 , and it was suspected to be a fake market manipulation.

7. Summary of Black Platform Routines

Brokerz's behavior is exactly the same as the common fraudulent platform routines:

1. Impersonating a regulator (forging license plates)

2. High returns inducement (promise of guaranteed profit)

3. Setting withdrawal barriers (taxes/verification)

4. Customer service brainwashing (inducing additional funds)

5. Fake betting (simulated market manipulation)

8. Comparative Analysis: Brokerz vs. Compliant Platforms

It’s crystal clear: Brokerz completely fails to meet the basic security standards of a compliant platform.

IX. Difficulties in Investor Rights Protection

Why is it almost impossible to recover the defrauded funds?

• Hidden place of registration : customers are unaware of the company’s actual existence.

• No regulatory filing : No complaints can be made through regulatory agencies.

• Funds are not segregated : funds go directly into the company account and are transferred quickly.

Conclusion: Brokerz is a “typical cross-border rights protection platform with no solution.”

10. Investor Recommendations

1. Check the license before depositing money → FCA registration query , ASIC query .

2. Check more reputations → Forex Peace Army , Trustpilot .

3. Reject the temptation of high returns → “guaranteed profit” = 100% scam.

4. Select a compliant platform → IG, OANDA, Pepperstone.

11. Conclusion

Brokerz = High-risk fraudulent platform.

• No regulation;

• Withdrawal failed;

• User reputation is extremely poor;

• It has been named as a fraud by the media.

👉Investors are advised to stay away from Brokerz to avoid wasting their hard-earned money.