Borrica
Comprehensive Overview of Borrica
Borrica company presents a unique trading experience in the Forex and CFD markets. The main page showcases key advantages such as top-notch technical support, secure payment processing, and an exceptionally high leverage ratio of up to 1:3000.
Operating under Borrica Financial Instruments Limited, based at 12 Grigori Afxentiou, 6023, Larnaca, Cyprus, the company caters its services to clients in the United Kingdom, the European Economic Area, and the Russian Federation. However, specific licensing details are not openly disclosed on the borrica.com platform.
For clientele in Russia, the company offers assistance through the phone number +74950453791, while European clients can reach out via +442081571451 as indicated in the website footer.
Trading Offerings and Platform by Borrica
Borrica facilitates trading across a diverse range of assets that include:
- currency pairs,
- industrial indices,
- precious metals,
- stocks,
- exchange-traded futures,
- cryptocurrencies.
Clients can engage in trading activities using the widely popular MetaTrader 5 trading platform, accessible across various mobile versions. The company actively expands its services to include PAMM accounts and portfolios, with a dedicated focus on enhancing its PAMM service.
Variety of Trading Accounts at Borrica
Borrica features multiple account options tailored to different trading preferences:
The “For Beginners” plan mandates a minimum deposit of 500 euros or US dollars, offering zero spreads, no commissions, and a maximum leverage of up to 1:3000.
The “Intermediate” package is geared towards ECN trading, requiring an initial deposit of 1000 USD/EUR. Here, the lot fee amounts to 2 dollars, with clients receiving a refund of this fee. The leverage provided on this plan is 1:500.
The “Best” account, available with a deposit of 1,000 USD or EUR, is recommended for cryptocurrency trading due to its low spreads starting from 1 point and no commission charges. The maximum leverage on this account reaches 1:5.
Account Funding and Withdrawal Processes on borrica.com
Borrica ensures clients access to popular payment systems for depositing and withdrawing funds. A comprehensive list of available transaction channels is provided upon registration within the Borrica personal account, with specific options dependent on the client’s location.
Information regarding withdrawal procedures and the client agreement remains undisclosed on the website. Notably, the primary account currencies supported by Borrica are limited to euros and US dollars.
Final Thoughts
While Borrica’s website lacks transparency regarding its registration details, licensing, and withdrawal regulations, it is crucial for potential investors to conduct thorough research on the terms and associated risks before committing funds. Seeking guidance from broker ratings or consulting with financial experts is advisable for making well-informed investment decisions.
This review has been prepared by the specialists at ExpertsReview.
I had a very disappointing experience with Borrica brokerage. Their customer service is abysmal and their response times are sluggish. Furthermore, their lack of transparency with fees and rates gave me quite the surprise when I was charged more than I was initially told. The platform also isn’t user-friendly and navigating through it felt like a cumbersome chore. I felt unsupported and misinformed throughout my dealings with Borrica. I definitely will not be recommending them to anyone.