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Bravo Markets

Australia|2-5 years|
Suspicious Scope of Business|High potential risk|

https://bravomarkets.com

Website

Rating Index

Contact

+61 2 9586 3864
cs@bravomarkets.com
https://bravomarkets.com

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Warning: Low score, please stay away! 3
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 305908) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Bravo Markets · WikiFX Survey

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Bravo Markets · Company Summary

Note: Regrettably, the official website of Bravo Markets, namely https://bravomarkets.com, is currently experiencing functionality issues.

Bravo Markets Review Summary
Registered Country/Region Australia
Regulation ASIC (Suspicious Clone)
Services & Products Market investing, portfolio management and financial planning service
Trading Platforms N/A
Minimum Deposit N/A
Customer Support Phone and email

What is Bravo Markets?

Bravo Markets, a trading name of Bravo Markets Pty Ltd., is an investment adviser registered in Australia. The company claims to offer advisory services in the state of NSW Australia and in other jurisdictions where exempted. However, the regulatory status of Bravo Markets is listed as “ASIC (Suspicious Clone)”.

Bravo Markets presents a range of services and products, including market investing, portfolio management, and financial planning services. Despite not having a specified trading platform or minimum deposit requirement, traders interested in accessing Bravo Markets' services will need to pay an annual fee of $5,000, equivalent to $1,250 per quarter. This fee structure is intended to cover the costs associated with the services provided by Bravo Markets.

Bravo Markets homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Diversified Services
  • ASIC (Suspicious Clone)
  • Inaccessible website
  • High fees charged
  • Unclear trading conditions (accounts, funding methods)

Pros:

- Diversified Services: Bravo Markets offers a range of services including market investing, portfolio management, and financial planning, providing clients with various options to meet their investment needs.

Cons:

-. ASIC (Suspicious Clone): The regulatory status of Bravo Markets as listed as “ASIC (Suspicious Clone)” raises red flags regarding its regulatory compliance and legitimacy, potentially indicating risks associated with engaging with the company.

- Inaccessible Website: The reported unavailability of Bravo Markets' official website can be concerning as it may hinder clients from accessing essential information about the company, its services, and trading conditions.

- High Fees Charged: Bravo Markets imposes high fees on traders, requiring them to pay a significant annual fee of $5,000, which amounts to $1,250 per quarter. These high fees can significantly impact clients' overall trading costs and potentially diminish returns on investments.

- Unclear Trading Conditions: The lack of clarity surrounding Bravo Markets' trading conditions, including accounts offered and funding methods available, can pose challenges for clients in understanding the terms and requirements associated with trading on the platform. This lack of transparency may lead to confusion and potential issues during the trading process.

Is Bravo Markets Safe or Scam?

The purported Australian Securities and Investments Commission (ASIC) regulation, specifically the claim of holding an Institution Forex License (STP) with license number 305908, by this broker is being questioned for its authenticity and may potentially be a clone or fraudulent. Traders are advised to exercise caution and be aware of the increased risk involved in dealing with Bravo Markets due to this uncertainty.

suspicious clone ASIC license

Additionally, the unavailability of their official website raises doubts about the credibility and stability of their trading platform, further heightening concerns regarding the safety and reliability of investing through Bravo Markets. These factors collectively contribute to a heightened level of risk associated with engaging in transactions and investments with Bravo Markets, underscoring the importance of thorough research and due diligence before proceeding.

Services & Products

Bravo Markets promotes a diverse range of services that span across market investing, portfolio management, and financial planning.

- Market Investing: Bravo Markets provides access to various financial markets, allowing clients to trade and invest in a wide range of instruments such as stocks, currencies, commodities, and indices. Clients can take advantage of different trading strategies and instruments to capitalize on market opportunities.

- Portfolio Management: Bravo Markets offers portfolio management services to assist clients in managing their investments effectively. This may include creating diversified portfolios aligned with the client's investment goals and risk tolerance, as well as actively monitoring and adjusting the portfolio to optimize performance.

- Financial Planning Services: Bravo Markets assists clients in developing comprehensive financial plans tailored to their individual needs and objectives. This may involve setting financial goals, creating a roadmap for achieving them, managing cash flow, optimizing tax strategies, and planning for retirement or other financial milestones.

Services & Products

Fees

Bravo Markets imposes fees on traders who wish to access its services, requiring them to pay an annual fee of $5,000, which amounts to $1,250 per quarter. This fee structure is designed to cover the costs associated with providing services such as market investing, portfolio management, and financial planning. Additionally, Bravo Markets may apply fees related to trading activities, including spreads, commissions, and overnight financing charges, depending on the financial products traded and the trading account type.

Moreover, traders should be mindful of any other potential fees that Bravo Markets may levy, such as deposit and withdrawal fees, account maintenance fees, and inactivity fees. These additional charges can impact the overall cost of trading and managing investments with Bravo Markets.

Customer Service

Customers can get in touch with customer service line using the information provided below:

Telephone: +61 2 9586 3864

Email: cs@bravomarkets.com

Conclusion

Overall, while Bravo Markets offers diversified services, the presence of regulatory concerns, an inaccessible website, high fees, and unclear trading conditions highlight important drawbacks and risks that clients should consider before engaging with the company. Clients should exercise caution, conduct thorough research, and seek clarity on all aspects of Bravo Markets' operations before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is Bravo Markets regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Bravo Markets?
A 2: You can contact via telephone: +61 2 9586 3864 and email: cs@bravomarkets.com.
Q 3: What services and products Bravo Markets provides?
A 3: It provides market investing, portfolio management and financial planning service.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

Bravo Markets Pty Ltd.

Abbreviation

Bravo Markets

Regulatory Status

Suspicious Clone

Platform registered country and region

Australia

Company website
Phone of the company
  • +61 2 9586 3864

Twitter

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Company address

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Customer Service Email Address
  • cs@bravomarkets.com

Company Summary

User Reviews

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CEOCEO
more than one year
We put our trust in the companies we choose to work with, and it's imperative that they operate with honesty and transparency. Bravo Markets has violated this trust, and I would advise all traders to stay away from them. They are a danger to the industry, and I hope that the authorities will take appropriate action to bring them to justice.
2023-04-04 10:57
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0
0
CEOCEO
more than one year
As a seasoned trader in the forex industry, I have come across a fair share of fraudulent companies, but Bravo Markets takes the cake. The company's regulatory license is a complete sham, and I found out the hard way that they have been deceiving customers by using a cloned license from another company. This is not only illegal but also unethical, and it's a clear indication that the company is not to be trusted.
2023-04-04 10:57
Reply
0
0
FX1128673387
more than one year
Bravo Markets is a complete scam. I have lost a lot of money and they haven’t paid me so far. Do not invest your money in these people. They are unregulated and untrustworthy!
2022-12-08 16:28
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0
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