BormanCorp Review is Bormancorp.com a Scam or Legit Broker

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BormanCorp Review

BormanCorp is an unlicensed Crypto Forex CFD broker, which opened in July 2020.

BormanCorp is actually owned by: Board LTD, and located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960 Marshall Islands. Their phone number from the United Kingdom is: +442036080432. Customer support email address is: [email protected], and the official website is: https://www.bormancorp.com.

For withdrawal problem and complaints, read this.

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BormanCorp Reviews

BormanCorp gives their clients and investors a web based trading platform made by TraderSoft. Their software has CFD’s, Crypto Currencies, and Simplified Forex trading, available on hundreds of underlying assets in the markets of Forex, Stocks, Commodities and Market Indices.

As with many CFD brokers, the difference is the level of leverage offered on the various underlying assets. Bitcoin CFD trading is available for example, at a 1:5 leverage with spreads of $130.

Minimum deposit for a new trading account type is $250. This broker does not offer the popular MetaTrader5 desktop software or mobile apps. You can only use their web based trading software. Their website is available in English and Russian.

Most investors start with a Free Demo Account, see here.

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BormanCorp License

When the Scam Broker Investigator reviews a new Crypto / Forex broker, the best way to know if they are a legitimate broker is by checking for a license. All brokers must be licensed and regulated by a government authority in your country. For example; ASIC Australia, FCA United Kingdom or CySEC Europe.

BormanCorp is not regulated and not licensed. Also mentioned on their website is that they are owned by: Starrin Corporation Zrt, located at: 1089, Budapest, Orczy tér 4 A.ép.2. Iház.1 emelet 20.

Smart traders always verify that the broker they are going to invest with, is also licensed in their local country. You can find a list of all the popular Forex brokers here.

WARNING.

BormanCorp is NOT Licensed by ASIC

Compare BormanCorp

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What was your trading experience with BormanCorp like? Please leave your review in the comments below.

BormanCorp Review: is Bormancorp.com a Scam or Legit Broker?

I have joined the trade, when I want to close it off they are refusing they are telling me stories and said I still have to trade for the period of 60 days before I can close the account and this was never communicated with me at first. I don’t know if I will even get my money.

Ngwanaphalama More

Borman corp has my money unauthorised and they refuse to pay back my money. Thay keep calling me like stalkers and I would like them to be held liable. They are now interfere with my human rights and my personal information. I want them named and shamed. Closed forever if possible

Borman corp gave me my account details i was able to redraw my profit from my initial investment of 2000 usd . I got profit of about 900$ . SO in the world do you guys say they are scam.

ScamRecovery

You probably are people from Bormancorp, I believe :))

Borman Killer

This is 100% a SCAM
This is 100% a scam. As the web says, they are not registered and are warned by the Bank of Ireland and the FMA (Financial Market Authority).

They didn’t get any of my money. I smelled the fish right after registering. They call you immediately after you submit your email address and your phone number, leaving you no time to make a research about the company (because there are tons of bad reviews against them by their victims on the internet). After that, they keep calling you again and again and again until you finally agree to deposit the money. And you will be never able to get that money back.

And one thing is that they keep bothering by calling you many many times and you are unable to block them because they call with a different number each time. I believe they use Skype or Viber or some kinds of other low fee international calling internet services to call. But they all come with the same country code starting with +44. So in that case, if you are not from the UK, I recommend installing the app called CALLS BLACKLIST-CALL BLOCKER. They have a function that is able to block calls and messages with specific starting numbers.

If they got your money, you might want to grab help from some of the agents online. They will help you to claim the money back. Just choose the right one. Hope that help!

Bolanle Olaleye

Bormacorps have refused to give me back my money when I told them, I want to withdraw my money. They stop picking up my calls and stop replying back.

Bormancorp Review

Bormancorp

Reason to avoid: Offshore license

Listed Date: October 18, 2020

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Beware Bormancorp is a Non-Regulated broker. It is NOT SAFE to trade.

  • Our Review
  • Bormancorp User Reviews
  • Bormancorp News

Is Bormancorp a scam or legit broker?

No, it is not safe to trade with Bormancorp. Bormancorp is owned by Board LTD. which is an offshore company registered in the Marshall Islands.

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Obsbit, Capital Hall and more.

BormanCorp provides access to a trader with a wide range of Forex and CFD instruments. However, on the official website, the information confuses overview since there is a mentioning about the company address in Budapest, Hungary. We couldn’t find any proffs of the company’s regulation, therfore, the owning disclaimer by the EU company rather confirms the broker’s suspicious performance.

In addition to that, there are some strange conditions that are required by the BormanCorp broker including not-typical withdrawal or maintenance fees, as well as an imposed fee for verification of an account. While all in all seem to be a very tricky business.

Also, the company has been banned by Austria’s regulator Financial Market Authority (FMA) in October 2020:

“Board LTD (“Bormancorp.com”) is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.”

We advise all investors and traders to avoid Bormancorp and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and CityIndex.

BormanCorp Review: is Bormancorp.com a Scam or Legit Broker?

BormanCorp Review: Scam or Legit Broker? Bormancorp.com is a forex and cfd cryptocurrency broker that offers trading in a huge range of assets spanning commodities, indices, stocks, currency pairs and cryptocurrencies. They have their address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 and they are owned and operated by Board LTD.

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BORMANCORP TRADING PLATFORM

This broker uses the MT4 trading platform for CFD, Cryptocurrency and Forex trading.

DEPOSIT AND WITHDRAWAL METHODS

The available methods are Bank Wire Transfer, MasterCard, Skrill, WebMoney, Neteller, Giropay, Sofort Banking, Paysafecard. The minimum deposit is $250

Is BORMANCORP LICENSED?

NO! Borman Corp broker is not licensed. Therefore, no regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.

SUPPORT

This broker offers support to its traders, they could be reached through phone calls or emails, whichever you prefer.

CONCLUSION

BormanCorp is an unregulated broker, this is a source of major concern. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.

To recover your money from Scam Forex, Binary Options and Cryptocurrency brokerage or signals. Fill the form below to get help

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Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe. They accept traders worldwide.. visit their official website

Hi All I am a current client of Bormancorp (BMC) and I am here to tell my story of investing with Bormancorp, whether you choose to invest or not that surely remains your decision. My journey began I guess around September when I was looking into options to invest in autotrading options after my prior experience of trading by myself with a different organization was too stressful for me and I could not mix it with my 9 to 5 job. I explored a couple of online options, got several options including Bormancorp, I even closed the window to invest … Read more »

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Bormancorp Scam Broker

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Bormancorp Complaint – Bormancorp Review

Is Bormancorp a Scam Broker?

If you have traded with Bormancorp and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to be scam traders. At Broker Complaint Registry, it’s our job to make sure you can fight back and get your money refunded. By filling out the form you have taken the first step to recover your money.

Is Bormancorp a scam or legit broker?

Bormancorp has been suspected as a scam broker. We don’t recommend trading with them, and if you are trading with Bormancorp contact them immediately and try to get your funds out. If Bormancorp has done the following, you have probably been a victim of Bormancorp scam broker.

Reason to suspect a scam broker is in action:

  • The broker froze your account
  • The broker blocked your account
  • You cannot login back into your account
  • Money has been taken out from the account
  • The broker doesn’t take your calls
  • The broker shut down his website
  • You noticed the broker took money out from your bank account without your permission
  • The broker is offering you a bonus
  • The broker is offering you to fund more money into the account after you lost a large sum

Don’t give up. You can fight back and get your money refunded. Start by filling out the form above and we will get in touch with you and provide you with information on how to start the process.

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