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The United Kingdom’s Financial Conduct Authority has issued a warning against Baze Capital in October 2023
Baze Capital is a forex and CFD broker that claims to offer a wide range of trading instruments, competitive spreads, fast execution, and excellent customer support. But is Baze Capital a reliable and trustworthy broker, or is it a scam that you should avoid?
In this review, we will examine the features, advantages, and disadvantages of Baze Capital, and help you decide whether it is a good choice for your trading needs.
What is Baze Capital?
Baze Capital is an online trading platform that was founded in 2019 and is operated by Baze Capital Ltd, a company registered in St. Vincent and the Grenadines. According to its website, Baze Capital has offices in London, Dubai, and Hong Kong, and serves clients from over 100 countries.
Baze Capital offers access to more than 250 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies. The broker claims to provide low spreads, high leverage, fast execution, and no commission fees. Baze Capital also offers various account types, trading platforms, educational resources, and customer support services.
However, there are some red flags that raise doubts about the legitimacy and credibility of Baze Capital. Here are some of the reasons why we think Baze Capital might be a scam:
- Lack of regulation: Baze Capital is not regulated by any reputable financial authority, such as the FCA in the UK, CySEC in Cyprus, or ASIC in Australia. This means that the broker does not comply with any rules or standards that protect the interests and rights of traders. Moreover, the broker is based in St. Vincent and the Grenadines, which is known as a haven for offshore and unregulated brokers that often engage in fraudulent activities.
- Negative reviews: Baze Capital has received many negative reviews and complaints from its clients on various online forums and websites. Some of the common issues reported by traders include difficulty in withdrawing funds, manipulation of prices and spreads, denial of service, and aggressive marketing tactics. Some clients have even accused Baze Capital of being a Ponzi scheme that uses fake testimonials and awards to lure unsuspecting traders.
- Unrealistic promises: Baze Capital makes some unrealistic and misleading promises on its website, such as guaranteeing profits, offering risk-free trades, and providing 24/7 support. However, these claims are not backed by any evidence or proof. In fact, no broker can guarantee profits or eliminate risks in trading, as these depend on many factors beyond the broker’s control. Furthermore, many clients have reported that the support team of Baze Capital is unresponsive, rude, and unprofessional.
Based on our research and analysis, we conclude that Baze Capital is not a legit broker, but a scam that should be avoided at all costs. The broker has no regulation, no reputation, and no transparency. It also has many negative reviews and complaints from its clients who have suffered losses and damages due to the broker’s misconduct.
Therefore, we advise you to stay away from Baze Capital and look for a regulated and reputable broker that can offer you a safe and fair trading environment.
What to Do If You’ve Lost Money with Baze Capital?
If you have been scammed by Baze Capital or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.