It is not safe to trade with Broker XP, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
| 🗺️ Registered in | Marshall Islands |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is Broker XP safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
Broker XP is owned by the Aviant Marketing Limited. It is an offshore forex broker registered in the Marshall Islands with a Banking Commission of Marshall Islands license. There is another license the firm carries – M&A Mergers and Acquisitions Consultancy LP (Edinburgh, Scotland), but there are no records that it’s authorized in the UK. Dealing with a broker which has a Marshall Islands license is risky as it only takes $2,000 to get one. Comparing the license from UK’s Financial Conduct Authority, that costs $50,000 and also $100,000 of capital is needed aside from client deposits. The difference in the capital amounts is obvious, so the reputation of the regulators.