Caution! Bedbrook is an offshore company! Your funds may be at risk.
Bedbrook.net Key Facts
🔴 Bedbrook.net is an anonymous broker claiming to be ASIC regulated. But they aren't, because Bedbrook.net is a clone firm abusing the details of a genuine company. Red flag!
🔴 Bedbrook.net refuses to reveal vital information about themselves. Red flag!
🔴 Bedbrook.net is co-hosted alongside other suspicious, shady brokers. Disturbing sign!
Bedbrook.net registration, license and regulation
Bedbrook.net introduces as Australian regulated broker, but they aren’t. The research in the authority's register showed nothing about this website, so we verify it’s a clone company abusing the details of duly authorised entities. The illegal brokers are thieves investors have to avoid, so trade only with companies holding licenses issued by the respectable regulators.
Each broker presented in US have to be an NFA member and registered with CFTC.
The regulations in USA are quite heavy, compared to other domains. The capital adequacy requirement state Forex brokers have to provide minimum 20 million USD in paid-up capital to get a US license. Also clients’ funds should be kept in segregated accounts, making it impossible for brokers to misuse the capital for daily expenses.
The restrictions on Forex trading in USA includes a maximum allowed ratio of 1:50. Clients are also limited by the FIFO rule (first in, first out), meaning traders have to close their positions consequently. Hedging is also disallowed, which some traders might find restricting.
Bedbrook.net address and contacts
Bedbrook.net refuses to disclose their headquarter address and contact numbers. It's only possible to reach them via e-mail, and that doesn't seem reasonable for a broker claiming to be regulated. The legit FX companies are bound by the law to reveal who they are. This shady broker's secretive nature indicates it's most probably a scam.
Bedbrook.net website information
Bedbrook.net has a Hong Kong IP address co-hosting the websites of 8 other Forex brokers. The website was created at 19.10.2020, so it’s some 3 months old at the time of writing. The age isn't a problem itself, but it's a disturbing sign given the claims they make. We believe Bedbrook.net is one of many brands created by a group of shady individuals who want to steal as much as possible from traders and investors.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.