BRFXtrade Review:
is BRFXtrade a Scam or a Legit Broker?

BRFXtrade is a forex broker founded in 2009 and operating across 190+ countries of the world.


BRFXtrade offers its clients access to trading 5 asset classes: commodities (including energies and precious metals), currencies, stocks, indices, and cryptocurrencies.
The broker’s website can be read in 5 languages: English, Danish, Norwegian, Swedish, and Arabic. Islamic account upon request.
Minimum deposit is €250.
Promotion: the broker offers up to 100% bonus on first deposit and 10% bonus on the 1st deposit of a referral.

Spreads and Leverage

Spreads and leverage at BRFXtrade vary depending on account type. Here is the list of account types available with this broker with their features:

$250 – $999$1,000 – $24,999$25,000 – $99,999Above $100,000
Standard spreadStandard spread1,9 spread1,5 spread
Up to 1:100 leverageUp to 1:200 leverageUp to 1:400 leverageUpon request
Automatic tradingAutomatic tradingAutomatic tradingAutomatic trading
Account managerAccount managerAccount managerSenior account manager

Trading platform

BRFXtrade offers access to MT5 Web Platform and MT5 Metatrader. MT5 is the most innovative and popular trading platform with higher functionality compared to its predecessor MT4. It is a fast and flexible platform that supports all the necessary tools and resources to analyze financial markets, make trading decisions, execute trades, create and use automated trading programs.

Deposits and withdrawals

The broker accepts the following payment methods: bank transfer and debit/credit card, and the minimum deposit is €250. Withdrawals are made via the original payment method. Payments are processed within 7 business days.

Customer support

Clients can contact customer support in live chat, by email, or by phone.

Beginners support

BRFXtrade offers every client its free education package that includes ebook, text materials, and video tutorials. Every client has access to their personal account manager who also acts as a trading advisor and a trainer.


BRFXtrade is a legit broker which operates for more than 8 years across 190+ countries of the world. The broker offers access to the leading MT5 platform where traders have access to global markets in 5 asset classes. BRFXtrade’s trading conditions are favorable in these key aspects: competitive spreads, high leverage available, support from personal account manager, promotional bonuses, and free automatic trading option for all account types. At the same time, this broker does not have demo accounts and requires relatively high minimum deposit. Summarizing, BRFXtrade will be an optimum choice for serious traders and professionals.