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BarakaTrade

High riskForex / CFD broker
🇬🇧 United Kingdom · < 1 year · since 2025-10-20 · BARAKA TRADE LIMITED
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
$100
Min. deposit ›
—
Max leverage ›
5
Account types ›
57/100
Scam risk ›
0
Clone sites ›
Accounts: BASIC · $3000BUSINESS · $100000STANDARD · $25000BEGINNER · $100TEST · $500
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.16/10
Trustpilot—/5
Forex Peace Army—/5
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No sign that BarakaTrade actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
57
High risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Recently established — about 9 months old
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age9215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameBARAKA TRADE LIMITED
Headquarters🇬🇧 United Kingdom
Founded2025-10-20
Years operating< 1 year
Employees0
Official websitebarakatrade.org
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
11 GRACE AVENUE, STE 108 GREAT NECK, NEW YORK, 11021 USA

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 5

AccountMax leverageMin. depositMin. spreadCommissionEA
BASIC--$3000----✓
BUSINESS--$100000----✓
STANDARD--$25000----✓
BEGINNER--$100----✓
TEST--$500----✓

Review analysis AI

BarakaTrade is a newly established CFD broker with no known regulatory licences, placing it in the high-risk category. Its website makes bold claims about customer service and proprietary technology, but the lack of independent reviews and transparency on leverage, spreads, and deposit methods raises red flags. The elevated FXCanary Scam Risk Score of 57/100 reflects these concerns. Traders should exercise extreme caution and consider the absence of regulatory protection before committing funds.

Best for
  • Traders seeking high minimum deposit accounts with potential VIP treatment
  • Traders comfortable with unregulated brokers and proprietary platforms
Not for
  • Risk-averse traders requiring regulated oversight
  • Traders in the United States (explicitly restricted)
  • Traders needing MetaTrader or cTrader platforms
Period:

Real user reviews

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What BarakaTrade says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

BARAKA TRADE LIMITED states it is an officially registered company in the UK under number #08683932. The firm claims to be a professional team of cryptocurrency industry developers, with a unique trading bot that profits in both rising and falling markets. According to its website, the company aims to become the world's most trusted trading platform through innovation, security, and exceptional service.

Account Types

The broker offers five account tiers: BEGINNER (min deposit $100), TEST ($500), BASIC ($3,000), STANDARD ($25,000), and BUSINESS ($100,000). Leverage is not disclosed on the site for each account, but the website mentions leverage up to 1:200 on indices trading conditions.

Trading Platforms and Instruments

BarakaTrade claims to provide trading on forex, cryptocurrencies, commodities, and indices via a proprietary platform available on Web, Windows, macOS, iPhone, iPad, and Android. The site lists major, minor, exotic, Australasian, and Scandinavian currency pairs, as well as indices like US 500, Australia 200, Europe 50, etc. Spreads are described as competitive with lightning-fast execution.

Client Support and Education

The broker advertises 24/7 multilingual support with over 100 account managers. Its website includes an education center with resources on forex and CFD trading. The FAQ section confirms it does not accept clients from the United States.

About BarakaTrade

Who Is BarakaTrade?

BarakaTrade, operating as BARAKA TRADE LIMITED, is a retail forex and CFD broker that launched in October 2025. The firm lists its registered address at 11 Grace Avenue, Suite 108, Great Neck, New York, 11021, USA, despite claiming a UK registration (company number #08683932). The broker's official website at barakatrade.org presents itself as a multi-asset trading platform offering forex, indices, commodities, and cryptocurrencies.

Regulatory Status

Our review found no verifiable regulatory oversight from any financial authority. The broker's website mentions a UK company registration number, but this does not equate to regulation by the Financial Conduct Authority (FCA) or any other securities regulator. Traders should note that operating without a recognized license significantly increases counterparty risk.

Account Types and Minimum Deposits

BarakaTrade offers five account tiers designed to cater to different trader experience levels and capital sizes. The BEGINNER account requires a $100 minimum deposit, while the BUSINESS account demands $100,000. The STANDARD ($25,000), BASIC ($3,000), and TEST ($500) accounts fill the intermediate range. Leverage details are not fully disclosed on the website, though the indices page shows 1:200 leverage for those instruments.

Markets and Instruments

According to the broker's website, traders can access major, minor, exotic, Australasian, and Scandinavian forex pairs, along with global indices such as the US 500, Germany 30, and Hong Kong 50. Commodities and cryptocurrency trading are also advertised. The site includes live price feeds and market overviews, suggesting a broad product range.

Trading Platforms and Technology

BarakaTrade claims to offer a proprietary trading platform compatible with web, desktop, and mobile devices. The platform is promoted as user-friendly with fast execution. However, no information is provided about third-party platforms like MetaTrader 4/5, which are industry standards for forex traders.

Deposits, Withdrawals, and Support

The broker states it has a multilingual support team available 24/7 and over 100 account managers. The contact page lists a phone number (702-706-4466) and email (support@barakatrade.org). No specific payment methods are mentioned on the site, and withdrawal policies remain unclear.

Geographic Restrictions and Target Audience

BarakaTrade explicitly states it does not accept clients from the United States. The broker appears to target retail traders globally, though its lack of regulation may limit access to certain jurisdictions. The tiered account structure appeals to both beginners and high-net-worth individuals.

Overview compiled by FXCanary from regulatory records and public data. full BarakaTrade review