BrokersView has reviewed that BreeTrade is an unregulated forex broker BreeTrade claims to be registered in the UK and regulated by the US National Futures Association (NFA) with regulatory number: 0541392. However, we didn't find any results matching this broker from the registry of the UK regulator FCA. Besides, we indeed found a matching result in NFA's registry, however, BreeTrade is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Obviously, BreeTrade doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.

BrokersView has identified that BreeTrade's website is currently offline BrokersView found that the domain "https://en.breetrade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

How many and from which country did BreeTrade get its licensing from? BreeTrade is not a licensed or regulated broker even though it states offers that look good to be true. BreeTrade claims it is registered in the Companies House of United Kingdom (CH) with registration number: 09110851. However, CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). But there are no matching results to BreeTrade in FCA.What's more, BreeTrade claims to be owned by BREE LIMITED, a foreign exchange broker authorized and regulated by the US National Futures Association (NFA) under regulatory number: 0541392. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member.The truth is, BreeTrade is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like BreeTrade and trade with licensed brokers. View Source