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 invested $500 with BordaFinance after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to The Dutch Authority for the Financial Markets.
Cons: Lost entire investment|Reported to authorities|Unresponsive
After for about three months with BordaFinance I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Demo account available|Responsive team|Dedicated account manager
Cons: Wait times can be long during peak hours|Minor UI glitches occasionally
BordaFinance advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Full transparency|Fast deposits|Copy trading available|Easy withdrawals
Cons: No dark mode on mobile
BordaFinance offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Dedicated account manager|Automated trading options
Cons: Spreads widen during volatile periods|Charting tools need more indicators
KYC with BordaFinance is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Good mobile app|Real-time alerts
Cons: Email notifications too frequent