Beirmancapital is a forex broker established in Saint Lucia, offering trading services in forex, commodities, stocks, indices, ETFs, and NDFs. Their official website supports English as the operating language. Additionally, the account registration page on Beirmancapital's website supports only English.
Corporate Background:
Information on Beirmancapital's website shows that the company is registered in Saint Lucia. Confirmation from the Saint Lucia International Financial Center (IFC) website indicates that the company's registration in Saint Lucia is legitimate. The Whois query of the website's domain registration reveals that the domain was registered on June 9, 2021, meaning it has been active for over two years.
Account Registration:
Information on Beirmancapital's website shows that the company provides a real account registration link for investors. To register for a real account, click either "Register" at the top left of the homepage or "Start Trading" to enter the registration page. Fill in the required details such as name, date of birth, phone number, country, city, email, and password to complete the registration. The registration page supports only English. However, there is no link provided for demo account registration.
Account Types:
According to information on Beirmancapital's website, three types of trading accounts are available: Raw ECN account, standard account, and Islamic account. However, the website does not provide details regarding the differences among these accounts in terms of minimum deposit/withdrawal amounts, spreads, commissions, leverage ratios, overnight interest, and customer service.
Trading Products:
Information on Beirmancapital's website indicates that investors can trade forex, commodities, stocks, indices, ETFs, and NDFs. However, the site does not provide specific details about the trading products covered under these categories, nor does it offer information on spreads, commissions, or overnight interest for these products.
Leverage Ratios:
While the homepage mentions offering leverage ratios up to 1:1000, the site does not provide specific information on leverage ratios for different account types or for various trading products under forex, commodities, stocks, indices, ETFs, and NDFs.
Trading Hours:
Information on specific trading hours for the various products (forex, commodities, stocks, indices, ETFs, NDFs) is not provided on Beirmancapital's website.
Deposits and Withdrawals:
The website mentions that deposits and withdrawals can be made via bank wire transfers, VISA, Mastercard, Skrill, and Perfect Money. However, it does not provide details regarding supported currencies, fees, and processing times for these methods.
Trading Software:
Beirmancapital offers the MetaTrader5 (MT5) trading platform, supporting desktop (Windows/MacOS), web, and mobile (iOS/Android). However, users in certain countries or regions may experience difficulties or delays while downloading or installing the Android app.
Regulatory Information:
Beirmancapital’s website does not provide details about obtaining regulatory approval or authorization. A check on the Saint Lucia Financial Services Regulatory Authority (FSRA) website could not find any regulatory or authorization information related to the company. Additionally, Beirmancapital claims no association with Raw Trading Ltd, which is regulated by the Seychelles Financial Services Authority (FSA).
Conclusion:
Beirmancapital shows signs of being a potential scam. Despite legitimate registration information from the Saint Lucia International Financial Center (IFC), the website does not provide regulatory or authorization information. Additionally, checks on the Saint Lucia Financial Services Regulatory Authority (FSRA) and associations with the Seychelles Financial Services Authority (FSA) show that Beirmancapital lacks proper authorization. Investors should exercise caution when considering services from this company. TraderKnows advises you to be vigilant about your financial safety and avoid falling into potential scams.
