Scam Brokers

BrandoInvestment – Can You Trust Them?

Chainbits Staff | Publish date: 10/24/2023 (Last updated: October 27, 2023 06:02 AM)

Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

BrandoInvestment - DO NOT TRADE WITH THIS PROVIDER

2.3/10

$100

Minimum Deposit

updated 2023

Try other platforms

The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.

Try these regulated brokers if you want to start trading cryptocurrencies

Plus500 Review - Regulated broker

Plus500CY Ltdauthorized & regulated by CySEC

try this broker

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

Website URL: https://brandoinvestment.com

Founded: 2023

Regulations: No License

Languages: English

Deposit Methods: Bitcoin, Tether, Ethereum, etc.

Minimum Deposit: $50

Free Demo Account: Not Available

Number of Assets: Unknown

Types of Assets: Cryptos, Currencies

Trading Accounts and Conditions

BrandoInvestment does not tell us anything about the types of trading accounts they offer. We are also not told anything about their trading conditions.

BrandoInvestment – Advantages

There are no advantages to trading with BrandoInvestment.

BrandoInvestment – Disadvantages

BrandoInvestment is a scammer and here are all the red flags that tell us so:

Anonymous and Unregulated Broker

The first red flag is BrandoInvestment’s anonymity.

Regulated brokers are legally required to provide all the following information on their websites – their company name, their physical location, contact information (telephone numbers, email addresses, social media accounts and so on), and their registration and license details.

None of this information is available on BrandoInvestment’s website. We do not know which company runs this website. We also do not know where this entity is located or even how we can contact them. The only way is to leave the broker a message and they will get in touch with you. We do not know anything about their regulation status either.

All this lack of information tells us is that we are dealing with an anonymous broker and an anonymous broker is never regulated.

Thus, we are dealing with a scammer here. We also need to point out that this broker’s anonymity is simply a common scam tactic that we have seen many other scammers employ.

Plus500

$100

Minimum Deposit

Start Trading

Read Review

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade

$100

Minimum Deposit

Start Trading

Read Review

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

Issues with Trading Platform

BradoInvesment claims to offer their clients the use of the famous MetaTrader 5 trading platform. Had this broker really offered the MT5 trading platform, it would have a huge win for them. The MT5 trading platform is the world’s number one trading software currently. It has a massive range of features that make trading almost intuitive for traders.

However, this is a lie. When we checked their trading platform for ourselves, we found out that what this broker offered was a far cry from the highly regarded MT5 platform.

The trading platform is a brokers main offering. This is the tool that traders use to carry out their trades. So, legitimate brokers ensure that they offer their clients top of the line trading platforms. When a broker lies about their key product offering, then you know that you are dealing with a scammer.

No Trading Conditions

The fact that this broker does not even speak about their trading conditions is another red flag that tells us that we are dealing with a scammer.

The trading conditions – along with the trading platform – are key to what a broker offers. These are the terms of a broker’s service that tell you whether it would be advantageous for you to trade using that broker’s services or not.

These trading conditions tell you the cost of a trade – which is the spreads and the commissions put together. They can tell you how much risk you can take, i.e., the leverage ratios offered by the broker. You can also find out how fast your orders or trades will be, and so on.

This information is critical for a trader to make an informed decision about signing up with a broker. So, if this information is missing then you know that you are dealing with a scammer.

Single Payment Option

There is only one way to make payments when you are dealing with BrandoInvestment – cryptocurrencies. This is huge red flag that tells us that we are dealing with a scammer.

Regulated brokers will offer their clients multiple ways in which to make payments. This includes bank transfers, wire transfers, credit and debit card payments, e-wallets, and cryptocurrencies.

However, when only cryptocurrencies are offered as a payment option, it is a cause for concern. This is because crypto payments are permanent and anonymous, which is why it is such a popular option with scammers. If a broker is offering only cryptos as a payment options, chances are that that broker is a scammer.

We advise all traders to never use cryptocurrencies as a payment option if you are dealing with a broker for the first time. It would be wiser to use credit cards as your payment option. This is because credit card payments can be disputed and you can file for a chargeback in case you are scammed; you still have a chance to get your money back.

So, if you see a broker offering this kind of a payment option, back away; they are in all probability a scam.

Issues with Withdrawal Policy

We also need to point out another red flag – the lack of a withdrawal policy.

Regulated brokers offer their clients a detailed withdrawal policy. Such a policy will tell you exactly what you can and cannot do when you wish to withdraw your funds. The broker will tell you what your minimum and maximum withdrawal amounts are. They will also tell you if there are any withdrawal fees, or any other conditions they have in place for withdrawals; there are many brokers that will expect you to meet a certain trading turnover target before you can withdraw your funds. This information lets you know whether the broker is reasonable about you being able to withdraw your money.

When a broker simply does not bother with clarify their withdrawal policy, it is a huge red flag that tells us that that broker cannot be trusted. And since BrandoInvestment does not bother with this critical piece of information, we know that they are out to scam their clients.

Conclusion

BrandoInvestment is a scammer and it would be unwise to do business with this broker. We would recommend finding another regulated broker to trade with.