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Brokers Station Review

Rating:

Brokers Station is the online trading broker with the primary focus on Forex trading. Despite the fact that Brokers Station claims to be professional and innovative, we would not recommend signing up with this broker. There are plenty of reasons for this.Read our Broker Stations scam review to find them out!
Brokers Station logo
Leverage: 1:200               Licences: N/A

Min. Deposit: 100 USD    Bonus: N/A

Spreads: from 2 pips         US Clients: No

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Our Broker Stations review defined the major pitfalls:

  • Scarce company information
  • Absence of license
  • Confusing account packages
  • Many sections on the website are inactive
  • Disabled FAQ

Company Overview

So what is known about Brokers Station? Well, not so much. The broker is said to be located at the following address – the Trust Company Complex, Ajeltake Road, Ajeltake Road, Ajeltake Island Maguro Republic of Marshall Islands MH96960. Besides using a suspicious offshore location, the company disappoints by providing misleading legal information. On its main webpage, Brokers Station claims to be licensed. After a long research, we did not find any sign of regulation.

In the “About Us” section, the user is unlikely to discover anything concrete about the company behind brokersstation.com scam. Most information about Brokers Station is kept under lock and key. For instance, it is unknown when the company started offering its services, which firm owns and operates Brokers Station website etc.

Brokers Station Bonus Review

Brokers Station scam bonus

Brokers Station claims to offer the best promotions for Forex traders. This is far from the truth. The only promo available is the “Matchup Bonus”. In other words, Brokers Station promises to provide extra capital depending on the initial deposit made. The bonus starts as little as 10% up to 65%. Its size is determined by the account packages that we will discuss further in this Brokers Station review.

Overview of Trading Accounts

There are 5 live accounts for the trader to choose at this broker, namely:

  • Trial
  • Conservative
  • ECN
  • International
  • VIP

Instead of offering a single well-designed real trading account, Brokers Station Forex overloads the trader with multiple but yet very similar account packages. All accounts are said to offer the trader an access to the customer support, economic calendar tips, social trading, “pro chart station”, different trading platforms and so on. For ECN, International, VIP users the broker grants the possibility to participate in webinars, enjoy the services of the strategy advisor and get 1 on 1 coaching with an expert agent.

We should admit that the broker offers pretty wide spreads, which is certainly not to the trader’s advantage. Even for the luxurious International trading account, Brokers Station offers fixed spreads from 2.2 pips. The leverage offered to the user also depends on the selected account, except for Trial. It starts from 1:200 for Conservative account but can be as high as 1:1000 for VIP traders.

Trading Platforms at Brokers Station

As one of the honest Brokers Station reviews, this broker should work more on its software solution. Brokers Station offers its proprietary web-based platform along with slightly obsolete MetaTrader 4. The webtrader might look promising at first sight, but in fact the platform is quite unstable. It is frequently lagging which can adversely affect the performance in the real market.

Brokers Station platforms

Deposits & Withdrawals

The broker offers payment cards, Skrill, Neteller, wires, and Sofort to make a transfer. Although deposits are free, Brokers Station scam does charge fees for processing withdrawals – 30$ or the equivalent in EUR or GBP. The withdrawal processing time depends on the account type, starting from 5 business days.

Brokers Station scam banking methods

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Brokers Station Review Overall rating: 1 out of 5 based on 4 reviews.

Avoid at all cost

★☆☆☆☆
1 5 1
Only put money in that you don't want to get back at any time. Broker Station is a group of 'dudes' who probably run their business from a basement somewhere. The company is 'registered' in Vanuatu Republic with a fake UK address and routed VOIP phone number that shows as a UK number to give the illusion of legitimacy. I advise extreme caution and avoidance at all costs. Don't count on any customer service, you'll get better service at any DMV than with this company and believe me I've spoken to everyone who works there from the bottom up. They'll sell you some bullshit about growth programs and monthly returns but in reality they'll just keep asking you for more money, if that doesn't work, they'll show you temporary growth with the money invested and then put it on a position that will deplete it and then ask you for more money to recover from the loss and promise you even more growth. Don't fall for any of their lies, question them about their non-existing withdraw policy and the company structure. Better yet, ask the people on the phone for their real names... Nothing about this company is legitimate.

Broker

★☆☆☆☆
1 5 1
Biggest scam ever. Stay away from BrokersStation...

Chriss

★☆☆☆☆
1 5 1
Do not trade with this Scams !!! They will not let you to make any withdraw making stupid transactions and in the end they will loose all your money if you decide to leave.
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