BreeTrade
We checked BreeTrade against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report BreeTrade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.