Since BOLONI CREATET FX CO LTDs official website (https://www.bololdd.com/en/index) is temporarily down, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.
Overview of BOLONI CREATET FX CO LTD
BOLONI CREATET FX CO LTD is a brokerage firm based in the United Kingdom, established within the past 1-2 years. As of now, the company operates without a valid license and is not regulated. Traders utilizing their services gain access to the industry-leading MT5 Trading Platform, enabling trading across a wide range of asset classes, including forex, stocks, spot indices, futures, spot precious metals, and spot energy.
The brokerage offers customer support exclusively via email, catering to clients' inquiries and concerns. It is essential for traders to exercise caution and conduct thorough research before engaging with BOLONI CREATET FX CO LTD due to its unregulated status.
Is BOLONI CREATET FX CO LTD Legit or a Scam？
BOLONI CREATET FX CO LTD is currently operating without valid regulation. The broker's regulatory status with the United States' NFA (license number: 0549546) is marked as “Unauthorized,” indicating an abnormal standing. Additionally, it is mentioned that the broker exceeds the business scope regulated by the United States NFA under the National Futures Association UNFX License.
Traders should exercise extreme caution and be fully aware of the associated risks when considering any trading activities with this broker. Operating without proper regulation may expose traders to potential risks, including lack of oversight, limited investor protections, and potential fraudulent practices.
It is advisable for traders to conduct thorough research and choose brokers that are duly regulated by reputable authorities to ensure a more secure and transparent trading environment.
Pros and Cons
The brokerage offers a diversified range of trading assets, including forex, stocks, spot indices, futures, spot precious metals, and spot energy. This diverse selection enables traders to explore various financial markets and potentially benefit from different market conditions. Additionally, clients gain access to the industry-leading MT5 trading platform, known for its comprehensive tools and features, facilitating technical and fundamental analysis, copy trading, and the development of custom indicators and trading robots.
One of the major drawbacks is the lack of valid regulation, as BOLONI CREATET FX CO LTD currently operates without a license. This raises concerns about the level of oversight and investor protections offered by the broker. Moreover, specific information about leverage, minimum deposit, and spreads is not provided, making it challenging for traders to assess their risk exposure accurately. Additionally, customer support is only available through email, which might lead to slower response times compared to real-time communication channels like live chat or phone support.
Market Instruments
BOLONI CREATET FX CO LTD offers its clients access to a diversified range of trading assets, covering a total of six asset classes. These include Foreign Exchange, Stocks, Spot Indices, Futures, Spot Precious Metals, and Spot Energy, providing traders with ample opportunities to engage in various financial markets through their brokerage platform.
Leverage
BOLONI CREATET FX CO LTD does not provide specific information about leverage on their platform. As leverage can significantly impact trading outcomes, especially for inexperienced traders, it is crucial for individuals to carefully consider their risk tolerance and select a suitable leverage amount that aligns with their comfort level.
Responsible risk management is essential in trading, and traders should exercise caution when using leverage to avoid potential substantial fund losses.
Trading Platform
BOLONI CREATET FX CO LTD presents its clients with the industry-leading MT5 trading platform, a versatile and cutting-edge platform ideal for trading across various asset classes, including forex, stocks, and futures markets.
The MT5 platform encompasses a wide array of essential tools for financial trading, facilitating technical and fundamental analysis, algorithmic and copy trading, and even enabling the creation of custom technical indicators and trading robots. With such comprehensive features, traders can benefit from a sophisticated and user-friendly environment to make informed and strategic trading decisions.
Negative Reviews
Several complaints have been registered against this broker on WikiFX. Notably, an American trader shared a distressing encounter, cautioning others about potential issues with the broker. To gain a comprehensive understanding of these complaints and the trader's experience, it is advised to visit WikiFX for the full story. Engaging with reliable sources and researching user feedback can provide valuable insights for traders considering this broker's services.
Customer Support
Traders can communicate their inquiries or concerns regarding their accounts or trading with BOLONI CREATET FX CO LTD exclusively through email at info@finaguide.com. It is essential for traders to keep this contact information in mind for reaching out to the brokerage's support team whenever needed.
Risk Warning
Trading on the financial markets comes with a certain level of risk and should be approached with caution. Instruments such as foreign exchange, futures, CFDs, and other financial contracts involve trading on margin, which amplifies the inherent risks. It is vital for individuals to carefully assess their risk tolerance and suitability for such investment activities before proceeding. The information provided in this article is meant for reference purposes only and should not be construed as investment advice. It is advisable to seek professional guidance and conduct thorough research before engaging in any trading activities to make informed and responsible decisions.
Conclusion
In conclusion, on the positive side, the brokerage provides a diversified range of trading assets, allowing clients to explore various financial markets. Additionally, the use of the industry-leading MT5 trading platform offers advanced tools and features for traders' benefit.
The major drawback lies in the lack of valid regulation, raising concerns about the level of oversight and investor protections. Furthermore, the absence of specific information regarding leverage, minimum deposit, and spreads adds to the uncertainty for potential traders. Considering these aspects, caution should be exercised, and thorough research is necessary before considering BOLONI CREATET FX CO LTD as a trading platform.
FAQs
Q: What types of trading assets are available at BOLONI CREATET FX CO LTD？
A: BOLONI CREATET FX CO LTD offers a wide variety of trading instruments, including forex, stocks, spot indices, futures, spot precious metals, and spot energy.
Q: Is BOLONI CREATET FX CO LTD regulated？
A: As of now, BOLONI CREATET FX CO LTD operates without a valid license and lacks regulation.
Q: What trading platform does BOLONI CREATET FX CO LTD use？
A: BOLONI CREATET FX CO LTD utilizes the industry-leading MT5 trading platform.
Q: How can traders get customer support from BOLONI CREATET FX CO LTD？
A: Traders can reach out to BOLONI CREATET FX CO LTD's customer support team via email at info@finaguide.com.
Q: Does BOLONI CREATET FX CO LTD disclose information about leverage and spreads？
A: Specific details about leverage, minimum deposit, and spreads are not provided.
2023-12-11 18:58
2023-12-08 18:32
