Introduction
BurlyFX.com is an online broker that offers a variety of trading products and services. The company was founded in 2016 and is headquartered in London, UK. BurlyFX.com is regulated by the Financial Conduct Authority (FCA) of the United Kingdom and offers CFD trading on a range of assets including forex, commodities, indices, and cryptocurrencies. In this BurlyFX review, we will take a look at the broker’s key features, account types, fees, and more to help you decide if they are the right broker for you.
What is BurlyFX.com?
BurlyFX.com is a website that provides forex signals and trading tools to its members. The website has been operational since 2009 and is owned by a company called Burly Limited. The company is based in the British Virgin Islands and is not regulated by any financial authority.
The website offers two types of memberships: free and paid. Free members can access the website’s basic features, while paid members have access to additional features such as premium forex signals, live chat, and market analysis.
Paid memberships start at $99 per month and go up to $499 per month. There is also a one-time payment option of $999 for lifetime access to the website’s features.
BurlyFX.com has generally positive reviews from its users. Many users praise the website for its easy-to-use interface, comprehensive trading tools, and accurate forex signals. Some users have criticized the high price of the paid memberships, but overall, the feedback has been positive.
How does BurlyFX.com work?
BurlyFX.com is an online FX trading platform that offers a simple and convenient way for traders to buy and sell foreign currency. The platform provides access to the latest market quotes, charts, and analysis tools, as well as a wide range of order types and execution options. BurlyFX.com also offers a variety of account types and funding options to suit the needs of all types of traders.
What are the pros and cons of BurlyFX.com?
BurlyFX.com is an online trading platform that offers a wide range of features and tools for its users. It is a popular choice among online traders, but there are also some drawbacks to using this platform. Here are some of the pros and cons of BurlyFX.com:
PROS:
– Wide range of features and tools
– User-friendly interface
– Good customer support
CONS:
– Limited asset selection
– High fees for some services
Is BurlyFX.com a scam?
When it comes to online trading platforms, there are a lot of scams out there. So, is BurlyFX.com a scam? We did some research to find out.
BurlyFX is a new online trading platform that offers Forex and CFD trading. The company is based in the Marshall Islands and is operated by LB Group Ltd. BurlyFX is not regulated by any financial authority.
The website looks very professional and user-friendly. However, we could not find any information about the company behind the platform, which is a red flag.
Another thing that we don’t like about BurlyFX is that they offer a very high leverage of 1:500. This is extremely risky and not suitable for beginners or even experienced traders.
We also found some negative reviews about the platform from disgruntled customers who claimed that they lost money after using BurlyFX’s services.
Based on our research, we believe that BurlyFX is a scam. We recommend that you avoid this platform and choose a more reputable and trustworthy broker instead
Conclusion
BurlyFX.com is a great resource for those looking to get into forex trading. The site’s extensive research and analysis tools are top-notch, and the customer service is responsive and helpful. However, there are a few downsides to using BurlyFX.com that potential customers should be aware of. First, the platform can be a bit confusing to navigate at times. Second, the fees associated with trading on the site are higher than some of its competitors. Overall, though, BurlyFX.com is a great option for those looking to get started in forex trading.