The brokerage company, allegedly based in Switzerland, promises traders maximum profits in the Forex markets. According to the website, this intermediary has gained popularity among users from more than 90 countries and received 11 awards in the field of trading. However, despite the firm’s stunning success, there are no copies of licenses confirming the legality of its financial activities.
How reliable is this project? We will reveal some secrets of this broker in our Barlen Group review.
How to Trade
The terminal is presented in the form of WebTrader, which the firm calls the BarlenGroup MT4 proprietary platform. The broker offers clients the following options:
- 5 trading plans.
- More than 1500 assets.
- Minimum deposit from 250 USD to 100,000 USD.
- Leverage from 0 to 1:200.
Important parameters such as spreads, commissions, and other fees are not specified on the official website of this broker. In addition, the withdrawal procedure is not disclosed.
The intermediary does not offer educational and other additional services. The analytics are provided by online tables from the TradingView platform.
Barlen Group Vital Info
There is no information about the company’s owners and team. As for the project start date, we did not find any relevant information on the company’s official website. Meanwhile, the domain was created more than 14 years ago, in 2010. We checked the web archive for this domain name and found out that the site originally belonged to Barlen Group, a trade organization from Nigeria, but it ceased to exist in 2013. Then the domain was updated on September 18, 2024. Presumably, this Brokerage platform has only existed for a few months.
What is the broker’s company registration and license? We checked the Swiss register of legal entities for the hero of our review, and, unsurprisingly, Barlen Group was not there. In addition, the Swiss regulator FINMA informs us that this company was not found in its register. Finally, the hotel is located at the address in Zurich indicated on the website, and there is no brokerage firm there.
Fraudsters, scam, bastards!!! They stole 1,732 dollars from me!! I hate these bastards!!! let the whole world know that barlengroup.com IS A SCAM!!!!!
the worst broker... with disgusting conditions... to be more precise, they don't exist at all... very few assets are available for trading on the minimum account... I've come to terms with it... the terminal is just awful... constant slippages, because of them trades go in the red... chart updates, well, definitely not in real time. I don't know why I deposited $460 here... at first the commissions are adequate, but later they grow, the more turnover, the higher the commission per transaction... Half of what the broker promised is a lie... as a result, I lost both money and time, I do not recommend this company to anyone...
I am a Turkish citizen. I didn't realize, does this intermediary have some kind of ban on trading with Turkey or something? Or is it only for Turkish citizens? I would like to try to trade on this platform, but I can't understand these bans. I don't understand why the BARLEN GROUP banned Turkey. It's not North Korea. Can someone please explain this point to me?
Do not try to work with BARLEN GROUP under any circumstances! They are just plain scammers. It is a pity that I found out about it after I lost a lot of money there. The company offers very favorable trading conditions on its website, and then the managers of this company do everything available to them in order for the client to lose the deposit. On the other hand, when the trader earns money here, their withdrawal becomes impossible - the account is simply blocked when trying to withdraw. I have already found out now that the information about the official registration of the broker in Switzerland is not true. But initially, the company representatives were able to convince me in the reliability of barlengroup.com, I believed and invested 5 thousand dollars to get access to more than 800 assets. Don't believe it, they are scammers!
Burten Group is for those who are not afraid to take risks and are not used to doubting themselves!!!! Slackers can leave right away, and newbies too, because they manage to lose money anywhere and then blame the broker! I came here with 316 USDT, and that was my rent money and I just quit my job at that time. It was a stalemate, but I stayed up all night until I started to feel confident on this field! Further I tried to trade constantly and I earn always in every free minute! I made a profit of 184 USDT today on one trade while I was waiting to receive an order from an online store! You need to learn how to trade so you don't have to whine later that you don't have money! Burten Group is a good solution for those who are looking for a job!
This is not a broker, but a black hole. Money is sucked into it instantly and getting it back is a big problem. I faced such problems when I realized that barlen group was cheating me and decided to withdraw my money. The scammers put many conditions on me, gradually, not immediately, promising to withdraw my remaining €8,324. And the most painless condition was verification, which I went through for 2 weeks :( Then, I had to pay a fee for withdrawal of funds, for closing the segregated account, for using negative balance protection, although I still have to waste and waste the balance to the level of this protection. In general, I spit and gave up this idea, I will go to lawyers and consult. If there is any way to punish assholes, I will definitely use it.
This brokerage company was created by real scammers. You will not be able to generate any income here, it is impossible. Yes, scammers attract clients to their site with a small initial deposit, as well as additional bonuses that they promise at the consultation. However, you will not be able to withdraw funds from the brokerage account. When I tried to withdraw 2.7 thousand euros, I found out that I had to pay a ton of taxes, a huge commission and a bunch of other fees. In the end it turns out that I owe the broker more than I invested in this company and earned from trading. This is a usual scam and stealing money from clients. You can't work for a profit with these crooks.
I started registering an account without even reading the reviews about BARLEN GROUP. I agonized for a long time, but I was never able to attach all my documents and pass the verification. I got an error all the time and sent the scans back. Now reading other reviews, I am very glad that the BARLEN GROUP staff kept me off their site, otherwise I would have lost a substantial portion of my savings here, and as it is, I only lost a little bit of my time. I can't recommend it enough.
I decided to play with this broker just for the sake of interest, registered, deposited 530 dollars. I realized that Barlen Group has problems with liquidity. All volumes are overestimated here, there is no money reserve at this broker, and traders don't want to trade here. You will not be able to earn even 20 dollars on any of the markets, the exception is top cryptocurrencies, and even then, the entry point will not suit many people. Withdrawal of funds on barlengroup.com is also an event that will take away all your health. For example, the transaction confirmation code that came to me only from the 18th try!!! In general, if you are completely crazy, you can start trading here! I do not recommend this site to reasonable guys
The first thing I would like to mention as an undeniable advantage of working with Barlen group is that even an inexperienced person can start trading here. You just need to consult with an analyst and choose the most suitable assets for your investment portfolio and trading. These assets will then generate income for you. It will also help you learn how to trade on your own because you can add profitable stocks to your investment portfolio, getting rid of useless ones and buying more profitable ones. I have already studied the stock market well enough during several months of work with Barlen group to choose assets for trading and get income from it. I would also like to note that the spreads on barlengroup.com are quite narrow, on the euro-dollar forex they are kept within 1.7 points. The terminal works almost without freezing, quotes are real, execution is quite fast. I can not call Barlen group the best forex broker in the world, but in principle, you can work here with profit.