The broker BritonPrice is a hybrid brokerage service provider including many cryptos and forex CFDs. Five trading accounts are offered micro trade size lots, attractive leverages, and high spreads. Sadly, the broker BritonPrice is not regulated and has other issues in its offerings. This BritonPrice review is very crucial for those traders who want to invest in it and start trading. So better not to miss any valuable information given here.
The five trading accounts are Micro, Mini, Silver, Gold, and Diamond that needed initial investment of €5000, €7000, €10000, €30000, and €100000 respectively. The 0.01 micro trade size offered on these five accounts. Also, a fixed leverage ratio of 200:1 and spreads of 3.5 pips are provided on each of them. To maintain our uniqueness we better discuss all the possible benefits and downsides of BritonPrice here. We must commence this review with all the possible benefits of it. A wide variety of crypto coins including majors like Bitcoin, Ethereum, and Ripple also minor like Tron, Qtum, Neo and others are offered. It also provides CFDs over foreign exchange pairs, stocks, commodities, indexes and bonds as well as ETFs. The wide variety of trading assets is beneficial to reduce risk in trading. The 200:1 leverage ratios are provided but leverage is controversial they fall under positive and negative as well if not traded wisely. However, these provided leverage levels are sufficient to suit all sort of traders.
Here we will talk about the downside of it. Solutions CM LTD is the owner of the brand BritonPrice situated in Bulgaria. Nevertheless, it is also the owner of another scam cryptocurrencies broker we have reviewed like CryptoFG and Bitcoinoie. Bulgarian crypto brokers should be registered and regulated under the Financial Supervision Commission of Bulgaria or other EU regulators. Sadly, it is not. On top of that, we saw a scam warning against BritonPrice by Spanish CNMV. All of these characteristics of BritonPrice are worrying. The trading conditions we have talked so far are not available on the official website but on the trading platform. The trading platform offered is the most common one that can be seen with other scam brokers as well. The initial investment of €5000 is not acceptable and actually a huge amount.
Is BritonPrice scam or legit?
Briton Price is offshore based and unregulated crypto and forex broker. It is owned by a company that has been blacklisted by several financial regulators. MT is absent and initial funding is immensely high. Also, it provides poorer trading conditions. Therefore it is a potential scam cryptocurrency broker.