Brokerz Limited (brokerz.co) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. Link to warning from overseas regulators: Bulgarian FSC https://www.iosco.org/investor_protection/investor_alerts/pdf/uploads/590274E0-B083-FEC0-B0073AF5A73EA7B0/warning%20message%20IOSCO.pdf, CMNV https://www.cnmv.es/webservices/verdocumento... 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.co.
I found Brokerz Limited (brokerz.co) after doing extensive research and the initial impression was positive. But for over a year 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: No hidden fees|Fast deposits
Cons: Withdrawal takes 1-2 business days|Would like more payment methods
I requested my data from Brokerz Limited (brokerz.co) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Portfolio tracking tools|Good mobile app|Dividend tracking|Personal attention
Cons: Research section could be deeper|Minor UI glitches occasionally
I referred a friend to Brokerz Limited (brokerz.co) after hearing about them at a conference. 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: Excellent charting|Good mobile app|Portfolio tracking tools|Comprehensive tools
Cons: Some tools only available on higher tiers
The platform itself is okay, but the customer service at Brokerz Limited (brokerz.co) 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: Dividend tracking|Comprehensive tools|Demo account available
Cons: Could offer more webinars|Onboarding videos are outdated
Opened my account with Brokerz Limited (brokerz.co) from a blog post comparing services 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: Two-factor authentication|Quick verification|Reliable uptime|Dedicated account manager
Cons: Research section could be deeper|Minor UI glitches occasionally
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Brokerz Limited (brokerz.co) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Copy trading available|High security standards|Fast support response
Cons: Website design could be more modern
The reporting at Brokerz Limited (brokerz.co) 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: Good analytical tools|High security standards|Detailed reporting|Comprehensive tools
Cons: Slow to add new assets
I wanted to transfer my portfolio from another broker to Brokerz Limited (brokerz.co). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Real-time alerts|Smooth onboarding
Cons: Onboarding videos are outdated|Alert system is basic
Brokerz Limited (brokerz.co) 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: Clean UI|Segregated accounts|Two-factor authentication
Cons: Mobile app could be improved
I lost a significant amount because Brokerz Limited (brokerz.co) 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: Great customer service|Instant funding|Fast execution|Dedicated account manager
Cons: No integrated tax optimization