Boomline Trade is a forex broker that has been accused of being a scam. There are a number of red flags that suggest that Boomline Trade is not a legitimate broker, including the fact that it is not regulated by any reputable financial authority.
Overview of Boomline Trade
Boomline Trade is a forex broker that was founded in 2019. The company’s website claims that it is headquartered in London, England, but there is no evidence to support this claim. Boomline Trade does not have a physical address or phone number, and its contact information is a free email address.
Is Boomline Trade Authorized?
Boomline Trade is not authorized by any reputable financial authority. This means that there is no government agency that is responsible for overseeing the company’s activities or protecting its customers.
Warnings Against Boomline Trade
There are a number of warnings against Boomline Trade. The Financial Conduct Authority (FCA) in the United Kingdom has issued a warning against the company, stating that it is “not authorized to conduct investment business in the UK.” The Australian Securities and Investments Commission (ASIC) has also issued a warning against Boomline Trade, stating that it is “not licensed to provide financial services in Australia.”
Currency Pair They Offer
Boomline Trade claims to offer trading in a variety of currency pairs, including EUR/USD, USD/JPY, GBP/USD, and AUD/USD. However, there is no evidence to support this claim. The company’s website does not have a live trading platform, and there are no customer testimonials that mention trading with Boomline Trade.
Is Their Customer Service Good?
Boomline Trade’s customer service is notoriously bad. Customers who have tried to contact the company have reported being ignored or given the runaround. There are also a number of complaints about Boomline Trade’s withdrawal policies. Customers have reported being unable to withdraw their funds, or being required to pay high fees to do so.
What Do Previous Traders Think About Boomline Trade?
The few customer reviews that are available for Boomline Trade are overwhelmingly negative. Customers have complained about the company’s lack of transparency, its high fees, and its poor customer service.
Scammed By Boomline Trade?- Talk With Our Experts
If you believe that you have been scammed by Boomline Trade, do contact us. We will provide you with a free consultation and service recommendations to help you in recovering the lost funds.