Booc is a forex broker whose official website domain was registered on February 13, 2024, primarily offering investors financial derivative trading services in forex, stocks, futures, energy, precious metals, cryptocurrencies, among others, with an unknown head office address. This broker does not provide services in jurisdictions where it may violate local laws or regulations, such as North Korea, Israel, China, Vanuatu, and Cuba.
Company Registration Information and Regulatory Status:
Public information on Booc's official website shows that its headquarters is located in New York, USA. The company is registered with the Canadian Financial Transactions and Reports Analysis Centre (FINTRAC), with an MSB number of M23094823. The broker is also registered with the National Futures Association (NFA) in the United States, with an NFA ID of 0561418.
Upon verification, the NFA listing for registration number 0561418 corresponds to SMART GLOBAL, which is registered as a non-member entity and is not regulated by the NFA. In the Canadian Financial Transactions and Reports Analysis Centre (FINTRAC), the registered entity with MSB number M23094823 is SRICO BLOCKCHAIN TECHNOLOGY CO., LTD., trading as Booc, but FINTRAC does not provide regulation for financial derivative trading.
Moreover, this broker's website design and content are identical to those of brokers Maxtra, Smart Global, Diamond Road, Ruiz Capital FX, IEXSpro, Go Markets Pty limited, LonRoad Limited, Maxtra Financial Limited, CPT Limited, Unisnfx, XCY Global Ltd, and others.
Account Opening:
To open an account with Booc: Visit the broker's official website, click "Register" on the homepage or the top-right corner of the webpage, fill in personal information such as name, email address, and set a login password to submit. The account will be successfully registered upon submission.
Trading Account Information:
Booc's official website only discloses information on spreads, trading leverage, margin level for call/stop-out, and contract sizes, while account types, trading commissions, minimum/maximum trading volumes, maximum open/order volumes, and minimum price precision details are not disclosed.
- Spreads: Variable, starting from 1 point
- Trading Leverage: 1:100—1:500
- Margin Level for Call/Stop-out: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
Booc provides users with the ST5 trading platform.
Deposits and Withdrawals:
Booc does not clearly state the supported deposit and withdrawal methods, fees, and minimum deposit and withdrawal amounts on its official website.
Conclusion:
Traderknows reminds investors that Booc is a forex scam website with opaque registration and regulatory information, and suspected of false advertising. It can only be contacted via email with extremely limited contact information. The website design and content are identical to those of brokerage websites such as Maxtra, Smart Global, Diamond Road, Ruiz Capital FX, IEXSpro, Go Markets Pty Limited, LonRoad Limited, Maxtra Financial Limited, CPT Limited, Unisnfx, and XCY Global Ltd, indicating potential fraudulent behavior. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Booc is currently marked as "suspected of fraud" on Traderknows.
