About BLOOM FXTRADE
Overview
BLOOM FXTRADE is an Australian-registered entity, founded in June 2021. The broker lists its registered address at Westfield Liverpool, Macquarie Street, Liverpool, New South Wales 2170.
As of the latest review, BLOOM FXTRADE does not hold any known regulatory licences from major financial authorities. The absence of regulation is a significant factor for traders to consider, as it means the broker operates without the oversight of a recognised regulator such as ASIC in Australia or the FCA in the UK.
Account Types
BLOOM FXTRADE offers four account tiers: BASIC, STANDARD, PREMIUM, and DELUXE. The minimum deposit requirements range from $500 for the BASIC account up to $10,000 for the DELUXE account.
Maximum leverage is not specified for any account type. The broker does not provide details on spreads, commissions, or other trading costs in the publicly available records. This lack of transparency makes it difficult for traders to assess the true cost of trading.
Instruments and Platforms
No information is available regarding the trading instruments offered by BLOOM FXTRADE. Similarly, the trading platform or platforms used have not been disclosed.
Without confirmation of available assets or platform features, traders cannot evaluate whether the broker meets their specific trading needs. This gap in information is a red flag for potential clients.
Funding and Withdrawals
No details have been provided about payment methods accepted for deposits or withdrawals. The known facts do not include information on transaction processing times or any associated fees.
Reliable funding information is essential for traders to plan their capital movements. The absence of such details further adds to the uncertainty surrounding this broker.
Target Audience
Given the relatively high minimum deposit requirements, BLOOM FXTRADE appears to target traders with substantial capital. The BASIC account starts at $500, which excludes absolute beginners.
However, the lack of regulatory oversight and limited public information make this broker unsuitable for risk-averse traders. It may appeal to experienced traders willing to assume higher risk in exchange for potentially higher returns, though no performance data is available.
Company Registration
BLOOM FXTRADE is registered as an Australian entity with a founding date of June 28, 2021. The company's address is a commercial location in Liverpool, NSW.
Registration in Australia does not imply licensing by ASIC. Traders should independently verify the company's registration status and any regulatory claims. The broker's website, bloomfxtrade.com, is the primary source of information, but it has not been reviewed for this profile.
Risk Considerations
The primary risk associated with BLOOM FXTRADE is the complete lack of regulatory oversight. Without a licence from a credible authority, there is no external mechanism to ensure fair trading practices, segregation of client funds, or dispute resolution.
Additionally, the absence of transparent information on spreads, leverage, instruments, and platforms compounds the risk. Traders should exercise extreme caution and consider the possibility of fraud or mismanagement. The known facts alone indicate a guarded risk profile.
Overview compiled by FXCanary from regulatory records and public data. full BLOOM FXTRADE review