Broker Major

Broker Major is a Thailand-based trading platform founded on December 30, 2020. It operates under the official domain brokermajor-fx.com and presents itself as an online broker offering access to multiple asset classes. However, independent public information about the company is extremely limited, and our records indicate that it does not hold any financial regulatory licence.

This absence of regulatory oversight is a significant red flag for traders. Without a credible regulator, there are no guarantees regarding the safety of client funds, transparency of operations, or recourse in case of disputes. As such, caution is advised for anyone considering this broker.

Broker Major offers four distinct account tiers: Platinum, Gold, Standard, and Mini. The minimum deposit requirements range from $500 for the Mini account up to $15,001 for the Platinum account. Each tier provides a maximum leverage of 1:50, which is relatively conservative compared to some offshore brokers.

The high minimum deposit for the basic Mini account ($500) may deter novice traders or those looking to start with a smaller capital. The tiered structure suggests an attempt to cater to different client segments, but without independent user reviews, it is difficult to assess the actual trading conditions and service quality across these accounts.

The broker claims to offer the Sirix trading platform, a web-based platform known for its simplicity. Sirix is less common among mainstream brokers, which may indicate a niche offering. Supported instruments include forex, commodities, stocks, and indices, covering a typical range for CFD brokers.

Leverage is capped at 1:50 across all accounts, and the broker advertises a floating EUR/USD spread of around 0.4 pips. While these figures are within industry norms, the lack of independent verification means they should be treated with caution. No information is available on the number of currency pairs, execution models, or additional fees such as swaps or commissions.

Our records confirm that Broker Major is not regulated by any financial authority. This is a critical deficiency for a broker handling client funds. Regulated brokers are required to adhere to strict capital adequacy, segregation of client money, and reporting standards. The absence of such oversight exposes traders to heightened risk.

FXCanary's Scam Risk Score for Broker Major is 85 out of 100, indicating a severe risk profile. This score is driven by the lack of regulation, limited public information, and the relatively high minimum deposit requirement. Traders should weigh these factors carefully before committing funds.

No specific deposit or withdrawal methods are mentioned in the available information. Typically, unregulated brokers offer a range of options including bank transfers, credit/debit cards, and cryptocurrencies, but this is unconfirmed for Broker Major. The lack of transparency on payment processing adds to the overall risk.

Furthermore, the broker's website does not appear to disclose its corporate entity details or address, which is a common warning sign. Without clear information on how funds are handled, clients may face difficulties when trying to withdraw their money.

Given the high minimum deposit and lack of regulation, Broker Major appears to target retail traders who are either unaware of the risks or willing to accept them. The tiered account structure might appeal to those seeking a sense of exclusivity, but the absence of regulatory safeguards makes this broker unsuitable for the vast majority of traders.

Professional or institutional traders typically require robust regulation and transparency, which this broker does not offer. For retail traders, especially beginners, the risks are disproportionately high. Regulated alternatives with lower minimum deposits and stronger client protections are widely available.

In summary, Broker Major is an unregulated broker based in Thailand with a limited public footprint. Its offering includes a standard range of instruments, a fixed leverage cap of 1:50, and a floating spread claim. However, the lack of regulatory oversight and the high minimum deposit create a precarious environment for clients.

Traders are strongly advised to conduct thorough due diligence and consider only regulated brokers with a proven track record. The severe risk score assigned by FXCanary reflects the numerous unanswered questions about this broker's operations and client fund safety.