Borrica

Brief information about Borrica

Company Borrica offers the opportunity to trade on the Forex and CFD markets. Among the advantages highlighted on the main page are quality technical support, secure payment processing, and a uniquely high leverage of up to 1:3000.

Information on the borrica.com website indicates that the managing company is Borrica Financial Instruments Limited, registered in Cyprus at 12 Grigori Afxentiou, 6023, Larnaca. Licensing details are not disclosed.

The website footer states that the company provides its services to residents of the United Kingdom, the European Economic Area, and the Russian Federation. For Russian clients, a phone number is provided as +74950453791, and for Europeans – +442081571451.

Trading instruments and platform of Borrica company

The broker offers trading in assets from various categories:

• currency pairs,
• industrial indices,
• precious metals,
• stocks,
• exchange-traded futures,
• cryptocurrencies.

Trading is available through the popular MetaTrader 5 trading platform along with all its mobile versions. Borrica also actively develops its work with PAMM accounts and portfolios, offering its own PAMM service, which the company diligently works on creating.

Types of trading accounts in Borrica company

Borrica offers various tariffs:

The “For Beginners” plan requires a minimum deposit of 500 euros or US dollars, offers zero spread, no commissions, and a high leverage of up to 1:3000.

The “Intermediate” plan is designed for ECN trading, starting with a deposit of 1000 USD/EUR. Here, the lot fee is 2 dollars, but clients receive a refund of this commission. The leverage on this tariff is 1:500.

The “Best” plan is available with a deposit of 1,000 USD or EUR. Borrica recommends this plan for trading with cryptocurrencies with low spreads starting from 1 point and no commission. The maximum leverage here is 1:5.

Account funding and withdrawal on borrica.com

Borrica promises clients the ability to use popular payment systems for depositing and withdrawing funds. A detailed list is available after registration in the Borrica personal account, as transaction channels depend on the client’s country.

The withdrawal regulations are not disclosed. The company’s client agreement is also not published. The basic account currencies are only euros and US dollars.

Conclusion

The lack of information about registration in Cyprus, licensing, and withdrawal regulations on the borrica.com website raises questions. It is recommended to carefully study the terms and risks before investing money. It may be worth referring to broker ratings or consulting with an expert.