Al Brooge Securities has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I had a dispute with Al Brooge Securities and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Social trading features|Demo account available|Educational resources
Cons: No phone support on weekends
I looked into Al Brooge Securities and found they appear in the regulatory warnings database. Financial Services Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I was contacted by Al Brooge Securities through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Blocked my account|No legitimate license|Fake returns
Al Brooge Securities changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Real-time alerts|Wide product range
Cons: Wait times can be long during peak hours
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Al Brooge Securities has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Flagged by Financial Services Authority|Cannot verify credentials
I referred a friend to Al Brooge Securities through word of mouth in my investment club. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Risk management tools|Excellent charting
Cons: Limited demo account features
Al Brooge Securities has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Tax reports included|Personal attention
Cons: Onboarding videos are outdated
I experienced a security concern with my Al Brooge Securities account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Multi-currency support|Dividend tracking
Cons: Limited demo account features|Search feature is basic
I lost a significant amount because Al Brooge Securities did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Demo account available|Full transparency
Cons: Email notifications too frequent|Withdrawal takes 1-2 business days
I have been trying to close my account with Al Brooge Securities for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Multi-currency support|Economic calendar|Market news feed|Tax reports included
Cons: Spreads widen during volatile periods|None so far