Brokers Park Review – The Real Truth About brokerspark.com Scam

Is Brokers Park a Scam Broker?

Brokers Park Ltd is the company behind this shady brokerage. It is located in Saint Vincent and the Grenadines. This is bad news from the beginning.

SVG is an off-shore domain that has a poor tax system and lax financial market rules. This makes it a popular target for scammers. SVG’s Financial Services Authority, (FSA), does not regulate Forex trading markets like the European Securities and Markets Authority.

This is even stated explicitly on the FSA website. It means that the Brokers Park regulation was fake. This provider isn’t licensed to offer Forex trading services, and that’s a big problem.

This broker could scam you and cause you to lose your entire funds in an instant. We recommend a broker with a Tier 1 license issued by the likes of the FCA, ASIC, BaFin, CFTC, FINMA, CNMV, etc.

Brokers Park is an unlicensed Forex broker operating from Saint Vincent and Grenadines. This fraudster primarily targets traders from Turkey, Cyprus, and the United States.

Brokers Park Warning

We’ve debunked the lie about Brokers Park being regulated. We are not the only ones to see it. In 2021, the Russian Central Bank warned Brokers Park that it was not authorized to offer trading services in Russia. We must also pressure other financial watchdogs for warnings.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Brokers Park Reviews – Traders’ Experience

We were correct to warn you about the risks that this broker is not regulated. On WikiFX WikiFX we found a complaint from a US trader against the broker.

Fair warning: You should not trade with unregulated entities. Please bear this short review in mind when searching for a broker.

Friends, please be sure to stay away from these companies without any regulatory licenses. I have been scammed by such companies before, so I hope everyone can be vigilant and not scammed.

WikiFX user, March 7, 2023.

Brokers Park Trading Assets

Here’s an overview of Brokers Park’s trading instruments we found on the website:

• Forex pairs: EUR/USD, GBP/AUD…
• Indices: NASDAQ100, GER30…
• Metals: gold, silver…
• Energies: oil, gas;
• Shares: Google, Tesla, Apple…
• Crypto: BTC, ETH, LTC.

Brokers Park Trading Accounts

Brokers Park offers three different account types:

• Standard: 100 $;
• Pro: 2,500 $;
• ECN: 10,000 $.

Each one of these has a maximum leverage of 1:200. Extremely high leverage, such as that offered by Brokers Park, can lead to large losses. This is why ESMA and other onshore regulators have imposed a 1:30 limit for retail clients.

Brokers Park claims that each account type offers negative balance protection, but we wouldn’t place any bets on it.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Tradereview, Aiko Markets, Trustpac.

Brokers Park: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Brokers Park. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Brokers Park!