BordaFinance has been flagged by The Dutch Authority for the Financial Markets for "Fraud and Other Types of Misconduct". The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from BordaFinance. This company is a suspected boiler room, a form of online investment fraud. BordaFinance has approached persons without being asked, to offer them investment proposals. A boiler r... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: https://bordafinance.com/.
I was contacted by BordaFinance 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.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
For anyone considering BordaFinance, please be aware that this company has been flagged by The Dutch Authority for the Financial Markets. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
The only good thing about BordaFinance is that they remind you why regulation matters. I found them after a family member had a good experience. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Two-factor authentication|Regular platform improvements|Dedicated account manager|Reliable uptime
Cons: Nothing significant
After spending since last summer trying to make BordaFinance work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Multi-currency support|Helpful community forum
Cons: Could offer more webinars
I closed a profitable position at BordaFinance and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: No hidden fees|Fast execution
Cons: None so far
The spread at BordaFinance is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Great customer service|Portfolio tracking tools|Segregated accounts
Cons: Charting tools need more indicators|No integrated tax optimization
I found BordaFinance after my brother mentioned them and the initial impression was positive. But for a couple of months now later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Tax reports included|Multi-currency support|Easy withdrawals|Regular platform improvements
Cons: Cannot customize dashboard fully
Several red flags with BordaFinance: (1) They promise unrealistically high returns, (2) They're not registered with The Dutch Authority for the Financial Markets, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by The Dutch Authority for the Financial Markets|Cannot verify credentials
The mobile app from BordaFinance is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Detailed reporting|Regular updates|Regular platform improvements|High security standards
Cons: Withdrawal takes 1-2 business days|No live chat on mobile
I gave BordaFinance a fair chance. After for about five months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Social trading features|High security standards
Cons: No phone support on weekends