Brokerz Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: + 44 20 8068 3493
Addresses: C/o Suite 305 Griffith Corporate Centre Beachmont PO Box 1510 Kingstown Saint Vincent and Grenadines; All Media EOOD Sofia Bulgaria This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: brokerz.com.
Do not use Brokerz Limited for anything serious. I used them since last summer for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Risk management tools|Copy trading available|Clean UI|Automated trading options
Cons: Some tools only available on higher tiers
I had a dispute with Brokerz Limited 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: Great customer service|Wide product range
Cons: Help articles are sometimes vague
After for over a year with Brokerz Limited 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: Easy withdrawals|Multiple order types|Fast support response|Educational resources
Cons: Limited social trading features
The mobile app from Brokerz Limited 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: High security standards|Portfolio tracking tools|Great customer service
Cons: Onboarding videos are outdated
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Brokerz Limited recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Clear documentation|Tax reports included|Demo account available
Cons: Limited ETF selection
Brokerz Limited 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: Easy withdrawals|Risk management tools|Helpful community forum|Reliable uptime
Cons: Withdrawal takes 1-2 business days
Opened my account with Brokerz Limited when my bank disappointed me and I searched for alternatives and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Tax reports included|Multiple order types
Cons: No dark mode on mobile|Email notifications too frequent
The reporting at Brokerz Limited is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Personal attention|Fast deposits|High security standards
Cons: Spreads widen during volatile periods|Email notifications too frequent
The platform itself is okay, but the customer service at Brokerz Limited is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Helpful community forum|Good analytical tools
Cons: Mobile app could be improved