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Brief Trader

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Operating status: SCAM

Website: https://www.brieftrader.com

Broker violations and abnormal records
  • 2023-10-15 The UK FCA issued a Warning against Brief Trader

    On 11 October 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Brief Trader was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/brief-trader-https-wwwbrieftradercom

    On 11 October 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Brief Trader was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/brief-trader-https-wwwbrieftradercom
  • 2023-10-12 BrokersView has Reviewed that ​Brief Trader is an Unregulated Broker

    According to its website, it claims that operated by Brieftrader, a company registered in Norway with registration number 6582732, and claims to be regulated by the Belize Financial Services Commission (Belize FSC) with license number 000320/189.

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Brief Trader was providing finacial services or products without authorisation.

    The truth is that Brief Trader is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Brief Trader is a scam.

    According to its website, it claims that operated by Brieftrader, a company registered in Norway with registration number 6582732, and claims to be regulated by the Belize Financial Services Commission (Belize FSC) with license number 000320/189.The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Brief Trader was providing finacial services or products without authorisation.The truth is that Brief Trader is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Brief Trader is a scam.

Related Complaints

Q&A

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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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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