Company Information

Get to know BOMADU

BOMADU presents itself as a global multi-asset brokerage focused on providing a superior trading experience through the MetaTrader 5 platform. The company claims to offer tight spreads, low commissions, and access to a wide range of financial instruments, including forex, indices, shares, commodities, and cryptocurrencies. It targets a global retail trading audience, emphasizing its technological infrastructure and customer support. However, the company is the subject of numerous warnings from European financial regulators for operating without authorization.

Industry

Forex Retail BrokerPRIMARY
Financial Banking
Financial Other Service

Software

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BOMADU

N/A

Founded in

25 Apr 2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.