Overview of BRUNSDON
Founded in 2011, BRUNSDON CAPITAL LIMITED is registered in Saint Vincent and the Grenadines. The broker operates under an investment advisory license granted by the UK's Financial Conduct Authority (FCA). BRUNSDON offers precious metals, energies, stock indices, and agricultural products. It provides three account types, namely live, demo, and agency accounts, to accommodate different trader requirements. The broker supports trading on the MetaTrader 4 (MT4) platform and offers multiple payment options like UnionPay, Tenpay, and direct deposits. BRUNSDON also provides educational materials covering technical analysis, trading techniques, and risk management strategies.
Pros and Cons
BRUNSDON, established in 2011, offers a variety of market instruments and provides a demo account for new traders to practice before committing real funds. The broker uses the popular MT4 trading platform, which is well-regarded for its advanced trading features and user-friendly interface. Additionally, BRUNSDON offers an online contact form for easy communication with customer support.
However, the broker's regulatory status is marked as “Exceeded,” indicating that its license could not be currently valid. There is limited transparency regarding the minimum deposit required to start trading, and the details about leverage and associated fees are not clearly disclosed. Furthermore, customer support is unavailable on weekends and public holidays, and the business hours are restricted to 10 a.m. to 5 p.m., potentially causing inconvenience to traders in different time zones.
Is BRUNSDON legit or a scam？
BRUNSDON holds an Investment Advisory License designated by the United Kingdom Financial Conduct Authority (FCA). However, its regulatory status is marked as “Exceeded,” implying that the license's validity has lapsed or is not currently recognized.
Market Instruments
BRUNSDON offers four trading instruments, including precious metals, energies, stock indices, and agricultural products. For precious metals, they offer both physical investments and electronic trading of gold and silver, leveraging their value preservation and hedging capabilities. In the energies sector, BRUNSDON provides CFDs on US Crude Oil, Brent Crude Oil, and Natural Gas, benefiting from their high volatility and trading volume. Their stock indices cover major global indices, enabling traders to speculate on market trends. Additionally, the broker offers trading in agricultural products through spot markets, allowing for hedging and speculation on various commodities.
Account Types
BRUNSDON offers three types of trading accounts: Live, Demo, and Agency. The Live account is suitable for active traders looking to engage in real-time market trading with real funds. The Demo account provides a risk-free environment for traders to practice and test their strategies using virtual funds. The Agency account appeals to intermediaries managing multiple client accounts, offering tools and features to efficiently handle various trading activities.
How to Open an Account with BRUNSDON
Visit the Website: Navigate to BRUNSDON's official website and click on the 'Open an Account' button.
Fill Out Registration Form: Complete the registration form with your personal information, including full name, email, phone number, and country of residence. Create a secure password for your account.
Verify Email: Check your email for a verification code and enter it on the website to verify your email address.
Complete Identity Verification: Submit additional documents such as your ID and proof of address to complete the verification process.
Fund Your Account: Once verified, deposit funds into your account using methods like UnionPay, Tenpay, or direct deposit. You can then begin trading on the MetaTrader 4 platform.
Spreads & Commissions
BRUNSDON employs a floating spread model, closely aligned with international market prices. The broker, adhering to the STP trading model, keeps spreads stable but acknowledges potential widening during major market events or periods of low liquidity. For transparency, BRUNSDON explicitly states that their primary revenue source is an additional 1 to 3 pips charged over the STP quotes.
Trading Platform
BRUNSDON offers the MetaTrader 4 (MT4) platform, favored for its intuitive design, extensive charting tools, and the ability to implement automated trading strategies via Expert Advisors (EAs). Available on both desktop and mobile, MT4 provides traders with the flexibility to stay connected to the markets and manage their trades on the go. The broker also integrates comprehensive account management through the Goldway Customer Centre, enabling easy deposits and withdrawals through multiple online payment methods.
Trading Tools
Economic Calendar: This feature offers a comprehensive schedule of important economic events and data releases, helping traders anticipate market movements and adjust their strategies accordingly.
Market Data: By providing real-time market data, BRUNSDON helps traders to have access to the latest information on global financial markets, aiding in the evaluation of trading opportunities and enhancing overall trading accuracy.
Deposit & Withdrawal
BRUNSDON offers multiple deposit and withdrawal options, including telegraphic transfer, direct deposit, and online payment methods such as MPay, UnionPay, BAOFOO, and Tenpay. Deposits are claimed to be processed instantly. Withdrawals can be arranged through the Goldway Customer Centre, with processing times as quick as 2 hours.
Customer Support
24-hour hotline: 010-53604995
Email: support@brcforex.com
Office: Room 3012, Block D, SOHO Modern City, Chaoyang District, Beijing
Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown, Saint Vincent and the Grenadines
Online contact form is also available. The support team is available during business hours, from 10 a.m. to 5 p.m., Monday through Friday.
Educational Resources
Technical Analysis: The broker details the importance of technical analysis in forecasting future price movements by studying historical trends and chart patterns.
Trading Skills: BRUNSDON highlights the significance of understanding their rules and provides strategies to identify market conditions for more profitable trading.
Money Mentality: The broker helps traders recognize biases like overconfidence and herd mentality that can hinder trading success.
Risk Management: BRUNSDON shares vital risk management techniques to mitigate losses, such as maintaining sufficient margins and using stop-loss orders.
Conclusion
BRUNSDON, founded in 2011 and registered in Saint Vincent and the Grenadines, currently operates under a Financial Conduct Authority (FCA) license marked as “Exceeded.” The broker offers precious metals, energies, stock indices, and agricultural products through the popular MT4 trading platform, and provides Live, Demo, and Agency accounts. Clients benefit from a variety of deposit and withdrawal options. However, the minimum deposit, leverage, and fees lack clear disclosure. Furthermore, limited business hours and unavailability of support on weekends can inconvenience clients across various time zones.
FAQs
Q: Is BRUNSDON a regulated broker？
A: BRUNSDON's investment advisory license from the FCA is marked “Exceeded.”
Q: What platforms are available for trading with BRUNSDON？
A: BRUNSDON provides access to the MetaTrader 4 (MT4) platform.
Q: What market instruments does BRUNSDON offer？
A: BRUNSDON offers precious metals, energies, stock indices, and agricultural products.
Q: What account types can traders choose from with BRUNSDON？
A: BRUNSDON offers Live, Demo, and Agency accounts.
Q: How can I deposit or withdraw funds from my BRUNSDON account？
A: BRUNSDON supports telegraphic transfers, direct deposits, and online payment methods like UnionPay and Tenpay.
Q: Is BRUNSDON's customer support available 24/7？
A: No, support is only available during business hours, 10 a.m. to 5 p.m. Monday through Friday.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.
Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.
2022-11-28 10:34
2022-11-25 13:38
2022-11-24 18:17
