FCA Warns reclaim-experts.com: 7 Checks Before You Pay
The UK regulator classified the website as a clone of an authorised firm on 28 August 2026. The FCA says the genuine Reclaim Experts Ltd has no connection with the clone.
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A Newly Created Website: Unlicensed BreeTrade is a Forex Scam
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Abstract：The company has a domain name that was created only a month ago and it also falsely states glorious awards.
A newly created website
BreeTrade has a domain name that was first created in April 2022, only a month ago. However, the companys homepage presents multiple awards in 2018, 2020 and 2021. So how could this happen？ Here is a strong signal that it is a fraud.
An unregulated forex broker
As you can see, BreeTrade claims that it is regulated by the American Futures Association (NFA) under regulatory number 0541392 and is registered in the Companies House of the United Kingdom under company registration number 09110851.
▶ Not an NFA member
When we searched with the regulatory number on the NFA Registry, we found BreeTrade is not an NFA Member. That means the firm is not allowed to offer forex investment activities as it is not supervised by NFA.
▶ Only registered in the UK Companies House
Headquartered in the UK, BreeTrade is only registered in the UK Companies House(company number: 09110851).
▶ Not a legitimate UK-based forex broker
However, the Companies House doesnt regulate any forex activities of British companies, it is the Financial Conduct Authority (FCA) that supervises currency activities in the UK market. And when we searched on the FCA registry, we found no registration results for BreeTrade. That means it is an unlicensed UK-based forex broker.
Based on the above information, we can conclude that BreeTrade is a scam.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Further Reading
GODO Regulation for India: RBI Alert, Licence, Login, and Withdrawal Risk
People searching GODO regulation or regulation GODO should separate overseas licensing from permission in India. The Reserve Bank of India Alert List, updated 19 November 2025, names “GoDo FX” and godofx.com. RBI says listed entities are neither authorised to deal in forex under FEMA nor authorised to operate an approved forex electronic trading platform. GODO's legal documents name GODO LTD and a Mauritius FSC licence, but that overseas status does not create RBI authorisation. No cited court ruling proves fraud. The main checks are jurisdiction, domains, leverage, and withdrawals.
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Succedo Markets Review 2026: The First Withdrawal Worked—What Happened Next?
Most traders who have opened accounts with Succedo Markets, a Saint Lucia-based brokerage entity, have reported withdrawal request denials after a pleasant first experience. Traders globally, including those from India, have made these complaints. Meanwhile, some traders have reportedly taken legal recourse to recover their stuck funds. The critical nature of these complaints made us share this in-depth Succedo Markets review. This review does not only examine user allegations but also shed light on its regulatory framework.
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Did you encounter trade-related concerns with Tattvam, a Mauritius-based brokerage entity? Several users have reportedly accused the broker of cancelling profitable trades, allegedly citing scalping as the reason. At the same time, traders have reportedly expressed concerns over the lack of understanding among the broker officials about critical trading aspects such as copy trading. In this Tattvam review, we have carefully examined user-reported allegations. Additionally, we have given a regulatory overview of the broker.
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