Analysis of the Borrica Company
Borrica is a broker who claims to be honest and offers trading financial instruments for both beginner traders and professionals. The company promises to use the most liquid assets and conduct transactions quickly. The official Borrica website is presented as a landing page.
Legal information about the broker is located in the website footer. Borrica Financial Instruments Limited, registered in Cyprus, manages the borrica.com website. Registration documents on the platform are not provided, and licenses, information about regulators, and internal documents are also not disclosed.
Borrica Trading Conditions
For trading, the company offers the MetaTrader 5 platform. The broker provides opportunities for trading currency pairs, indices, securities, metals, commodities, and cryptocurrencies. The project includes 3 tariff plans, with a minimum entry threshold of 500 euros or US dollars. Users can use a demo account to learn about the trading terminal and strategies.
Traders can also invest in PAMM accounts, PAMM portfolios, and PAMM services. Details about the investment conditions are not disclosed.
The company offers free seminars, events, educational materials, and analytics to clients. Support can be obtained through the phone numbers and email provided on the website.
Account Funding and Withdrawal
Information about the procedure for depositing/withdrawing funds is not provided. It is stated that traders can use popular payment services for financial transactions, but specific services are not mentioned.
The company does not disclose information about the profit and deposit withdrawal regulations, minimum and maximum withdrawal amounts, the existence of commissions, transaction limits, processing speed of requests, and crediting of funds to the account.
Conclusion
The lack of documentation and information raises doubts about the transparency and reliability of the company’s operations. Uncertainty in the financial policy, lack of information about regulators and creators of Borrica reduce trust in the broker. It is recommended to pay attention to reviews and experiences of other clients before deciding to collaborate.