Broad Financial Markets Group Limited Review
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Review
Fast Facts
Contact Info and Support
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About Broad Financial Markets Group Limited
Broad Financial Markets Group Limited is registered in Hong Kong under number 71894737, with its registered and actual office at Room 18, 27/F, Ho King Comm CTR, 2‑16 Fa Yuen St, Mongkok, Kowloon, Hong Kong; another office is listed in Qingdao, Shandong Province, China (). The firm offers online trading services in foreign exchange (major and cross pairs), gold, spot silver, indices, and crude oil using an STP (Straight Through Processing) model and provides trading via a global-level platform compatible with Windows, iOS, and Android ().
The account types include Standard, Demo, and Professional accounts with a minimum deposit of USD 5,000, maximum leverage of 1:100, and minimum lot size 0.01 and maximum lot size 50; quoted spreads start from 1.2 pips (). The website also states that services are not applicable to residents of the United States, Singapore, Hong Kong, North Korea, and Iran ().
There is no record of Broad Financial Markets Group Limited being licensed or regulated by the Hong Kong Securities and Futures Commission (SFC); inconsistencies between the claimed founding year (2012) and the domain registration year (2022) have been noted by regulatory observers and reviews, raising serious concerns; the firm is categorized by independent reviewers as unregulated and potentially fraudulent ().
Who it’s for
- Experienced traders who understand the risks of trading with an unregulated broker.
- Traders who can commit to high minimum deposits (USD 5,000 or equivalent).
Pros and cons
Pros
- Offers multiple asset classes (Forex, metals, indices, crude oil).
- Supports Standard, Demo, and Professional account types.
- Uses STP model and provides trading across desktop and mobile platforms.
Cons
- Not regulated by any recognized financial authority, including the Hong Kong SFC.
- Domain registration and founding date discrepancies indicate possible misrepresentation.
- High minimum required deposit may exclude smaller retail investors.
