Booster

Booster, operating under the domain bsfxholding.com, is a financial entity registered in New Zealand as of September 24, 2020. Our records confirm the company's incorporation in New Zealand, but no regulatory licenses from any financial authority are on file. This absence of oversight places Booster in a category of entities where trader protection mechanisms are minimal or nonexistent.

Given the lack of verifiable information from public sources, FXCanary cannot confirm the firm's operational history, corporate structure, or any specific financial services it may offer. Traders should exercise extreme caution when dealing with unregulated entities, as recourse in the event of disputes is typically limited.

Booster does not hold any known regulatory licenses from recognized financial watchdogs such as the FCA, ASIC, CySEC, or any equivalent body. The New Zealand Companies Office registration alone does not imply oversight of financial conduct or client fund protection.

In jurisdictions like New Zealand, financial service providers must adhere to the Financial Markets Authority (FMA) regulations if they offer certain services, but Booster does not appear on the FMA's register of licensed providers. This regulatory gap significantly elevates the risk profile for prospective clients.

FXCanary's proprietary risk model assigns Booster a Scam Risk Score of 51 out of 100, indicating an elevated risk level. This score is driven primarily by the complete lack of regulatory oversight and the absence of independent user reviews or operational transparency.

Without regulatory licensing, client funds are not protected by compensation schemes, and the broker is not required to follow strict segregation of client money. These factors, combined with the scarcity of public information, make it difficult for traders to evaluate the trustworthiness of the platform.

Based on the limited available data, Booster appears to target international clients, possibly through online trading platforms, but this remains unconfirmed. The entity's domain (bsfxholding.com) suggests a UK or European connection, though its registration is in New Zealand.

Given the lack of verified services, it is unclear whether Booster is a forex broker, a holding company, or another type of financial firm. Traders should be especially wary of any solicitation to deposit funds without transparent regulatory disclosure.

Booster presents a high-risk proposition due to its unregulated status and the very limited public information available. Without independent verification or user feedback, it is impossible to accurately assess the broker's reliability or service quality.

FXCanary recommends that traders only consider regulated brokers with a proven track record and transparent operations. In the case of Booster, the elevated risk score serves as a clear warning that extensive due diligence is necessary before any commitment of funds.