Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighA genuine Lebanese CMA licence confirmed on the register, but held by the group's Lebanese company; the Comoros entity that takes client deposits relies on a Mwali licence we could not confirm from an authority that is not a financial supervisor.
Identity & transparency
5/10 · ModerateNamed entity, registration number, registered and office addresses and a traceable Lebanese parent, offset by a second entity name on the legal page, no register verification links, and terms allowing unnamed affiliates to process deposits and withdrawals.
Withdrawals & conduct
4/10 · ModerateOne fund-integrity report in May 2026 describing trades cancelled and the balance pushed out without prior notice; isolated, single-platform and without amounts or dates, and set against reviewers who report being paid.
Reputation
6/10 · HighA very thin footprint for a firm claiming 10,000 clients: eight Trustpilot reviews at 4.0 from first-time reviewers, nothing on trader forums, and two aggregators rating it unregulated, but no regulator warning anywhere.
Website claims
6/10 · HighAdvertises 3 regulated licences while naming one and linking none, attaches an Est. 2004 heritage to a company formed in December 2024, and promotes client and trade volumes and awards that are not evidenced.
Operational history
6/10 · HighAbout six years of verifiable presence through bbcorpfx.com from May 2020 with unbroken archived history and a clean migration to bbcorp.trade, tempered by the fact that the contracting entity is under a year old and neither company could be dated from a registry.
Who they are
A quick desk file on the company behind the brand.
- Brand: BBCorp
- Legal entity (contracts with clients): BBcorp LTD (Comoros) Limited, registration number HV00724047
- Registered: Bonovo Road, Fomboni, Island of Moheli, Comoros Union
- Group parent: Beirut Brokerage Corporation S.A.L., Beirut, Lebanon, Lebanese commercial register number 1002276
- Website: www.bbcorp.trade, client portal at portal.bbcorp.trade; the older bbcorpfx.com now redirects to it
- Stated office: Taki Sofokleous 23A, 2049 Strovolos, Nicosia, Cyprus; contact numbers in Lebanon and Cyprus
- Licences: Mwali (MISA) BFX2024241, advertised on the site; Lebanon CMA approved-institution number 8, held by the Lebanese company
- Offers: MetaTrader 5; forex, metals, indices, shares, commodities, energies and crypto CFDs; leverage to 1:500; negative balance protection on all accounts
- Minimum deposit: 10 USD on the Standard and Trader accounts, 30,000 USD on the Investor account
- Not accepted: United States, EU residents, and FATF high-risk states including Iran, North Korea and Myanmar
- Age claim: Est. 2004, alongside 10,000+ clients and 3 regulated licences
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Mwali International Services Authority (MISA)
Capital Markets Authority Lebanon (CMA)
Why we reached this verdict
How the evidence adds up.
High risk rather than scam. The operation is real and has a traceable history, but the entity holding client deposits sits outside any functioning supervision, and the licence it advertises is the one we could not confirm.
- The real licence is on the wrong company. Lebanon's Capital Markets Authority lists Beirut Brokerage Corporation SAL as an approved Financial Intermediation Institution at number 8. That is genuine national regulation. It applies to the Lebanese company, not to BBcorp LTD (Comoros) Limited, which is the counterparty named in the site's own terms and the one that takes deposits from international clients.
- The advertised offshore licence is unconfirmed. The Mwali International Services Authority publishes its authorised brokerage companies as a single roster. That roster ends at licence BFX2024235, issued 24 December 2024. BBCorp's BFX2024241 is six numbers later and does not appear, so the licence can be neither confirmed nor ruled out from the authority's own record. Mwali offers no per-firm lookup by number.
- Even if it exists, it is worth very little. Mwali is the registrar of an autonomous Comorian island, not a financial regulator. The Central Bank of the Comoros does not recognise forex licences issued there. There is no compensation scheme, no ombudsman and no realistic route to enforcement.
- The claims outrun the evidence. The homepage advertises 3 regulated licences; the site names one and publishes no verification link for any of them. It never mentions the Lebanese regulator that gives it its only real credential. It also advertises Est. 2004 while the contracting company was formed in December 2024.
- The entity naming is inconsistent. The footer names BBcorp LTD (Comoros) Limited; the legal documents page heads its terms BBCorp Corporate Limited. The terms also say deposits and withdrawals may be processed by unnamed affiliates, so a client cannot tell which company will be holding the money.
- One fund-integrity complaint, no pattern. A Lebanese client wrote in May 2026 that trades were cancelled without warning and the account balance was pushed out as a withdrawal before being told. That is a serious account, but it is one report on one platform with no amounts or dates, so it does not establish a pattern. Seven other reviewers, all first-time reviewers, are positive, one of them specifically about withdrawal speed.
- Nothing adverse from any regulator. We found no entry naming BBCorp or its domains on the warning and alert lists we swept, and the company is not on Mwali's suspended or liquidation lists.
The age figure carries a caveat. Neither company could be dated from a corporate registry, because Lebanon's commercial register and the Comoros registrar publish no public company search. The verified track record therefore rests on the domain record: bbcorpfx.com was registered in May 2020 and carries continuous archived history from December 2021 to mid-2025, which is about six years and is an upper bound rather than a confirmed figure.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Lebanon's Capital Markets Authority lists Beirut Brokerage Corporation SAL as an approved Financial Intermediation Institution at number 8, matching the licence number BBCorp claims. This is genuine national regulation for the group's Lebanese company.
E2The Mwali International Services Authority's roster of authorised brokerage companies ends at licence BFX2024235, issued 24 December 2024. BBCorp's advertised BFX2024241 does not appear, and the authority publishes no per-firm lookup, so the licence can be neither confirmed nor ruled out from its own record.
E3Mwali is the registrar of an autonomous Comorian island rather than a financial supervisor, and the Central Bank of the Comoros does not recognise the forex licences issued there, so a Mwali licence gives a client no compensation scheme and no enforcement route.
E4The site's own footer names BBcorp LTD (Comoros) Limited, registration HV00724047, registered at Bonovo Road, Fomboni, Island of Moheli, as the company authorised by Mwali under BFX2024241. This, not the CMA-licensed Lebanese company, is the counterparty for clients who sign up on the site.
ModerateBBCorp website footerE5The homepage advertises 3 Regulated Licenses and Est. 2004, but the site names only the Mwali licence, never mentions the Lebanese regulator, and publishes no verification link to any register.
ModerateBBCorp homepageE6The legal documents page heads the terms BBCorp Corporate Limited while the footer on the same page names BBcorp LTD (Comoros) Limited, so the site gives two different company names for the firm a client is contracting with.
ModerateBBCorp legal documents pageE7The domain bbcorp.trade was registered on 31 December 2024 through GoDaddy, which places the current client-facing site and the Comoros entity behind it at about nine months old.
E8The predecessor domain bbcorpfx.com was registered on 29 May 2020 and now redirects permanently to bbcorp.trade, with archived copies running continuously from December 2021 to June 2025. The brand moved domains; it did not appear from nowhere.
E9The December 2021 version of bbcorpfx.com states that Beirut Brokerage Corporation S.A.L. is licensed by the Capital Market Authority under licence number 8, operating since 2004, with paid-up capital of 2 billion Lebanese pounds and Lebanese commercial register number 1002276.
E10Trustpilot's per-domain page for bbcorp.trade carries 8 reviews at 4.0 stars, 87% five-star and 13% one-star. The single negative review, from May 2026, describes trades being cancelled without warning and the full balance being pushed out as a withdrawal before the client was told.
ModerateTrustpilot, bbcorp.tradeE11The company's own Trustpilot profile states it was founded in 2004 as Beirut Brokerage Corporation S.A.L., headquartered in Beirut and licensed by Lebanon's Capital Market Authority under licence number 8, listing a Beirut address and a Cyprus telephone number.
E12A sweep of regulator warning and alert lists returned no entry naming BBCorp, bbcorp.trade, bbcorpfx.com or either company, and no enforcement action or fraud-related court record was found.
E13Mwali's suspended-companies list does not name BBCorp or either of its licence numbers, so there is no record of the authority having acted against it.
E14A broker-assessment site rated BBCorp unregulated in July 2023, noting it searched the Lebanese CMA and found a matching result but could not tie it to the bbcorpfx.com website because the register lists no domains. The page carries no user complaints.
E15The terms exclude residents of the United States, the European Union and FATF high-risk states including Iran, North Korea and Myanmar, and no local-language pages, tier-1 phone lines or region-locked European payment rails were found, so there is no sign of soliciting clients in markets where the licence gives no cover.
ModerateBBCorp website terms noticeE16All accounts are advertised with negative balance protection, the entry deposit is 10 US dollars, and platform downloads point to the official MetaTrader 5 listings on Google Play and the App Store rather than a self-hosted installer.
ModerateBBCorp account types pageE17The site's own notice says deposits and withdrawals may be coordinated, facilitated or processed by one or more affiliates of BBCorp LTD, without naming any of them, so a client cannot establish which company will hold or move their money.
ModerateBBCorp website footer notice
The other side
The strongest case in this broker’s favour.
The case for BBCorp being a legitimate business is stronger than the offshore label suggests, and it deserves stating.
- The Lebanese firm is real and really licensed. Beirut Brokerage Corporation S.A.L. appears on the Capital Markets Authority's approved-institutions list at number 8. A single-digit list number is consistent with a firm licensed early in the regime, which supports the claim of long standing rather than undermining it.
- There is a documented paper trail. The 2021 version of bbcorpfx.com already named the CMA licence number 8, the Lebanese commercial register number 1002276 and paid-up capital of 2 billion Lebanese pounds. Scam shells do not usually publish a commercial register number that resolves.
- Continuity is intact. bbcorpfx.com was registered in 2020, has unbroken archived history, and redirects to bbcorp.trade today. This is a brand moving to a new domain, not a fresh operation wearing an old name.
- It declines the jurisdictions a boiler room chases. The terms exclude United States and EU residents. We found no local-language landing pages, no tier-1 phone numbers and no region-locked payment rails aimed at Europe. Offshore brokers that intend to break into supervised markets do the opposite.
- The plumbing looks like a real broker's. Downloads point to the official MetaTrader 5 listings on Google Play and the App Store rather than a self-hosted installer, all accounts carry negative balance protection, the entry deposit is 10 USD, and there is a published risk disclosure and complaints policy.
- No regulator anywhere has said a word against it. No warning list entry, no enforcement action, no alert naming the brand or either domain.
- The one complaint has an innocent reading. Cancelling trades and returning the full balance is what a broker does when it decides a client's strategy breaches its terms, for example latency or arbitrage trading. Doing it without warning is poor practice. It is not the same as keeping the money, and the money was returned.
What would change this
What we would need to see to revise the verdict.
Concrete things that would move this verdict in either direction.
- Towards lower risk: Mwali updating its authorised brokerage list to show BFX2024241 held by BBcorp LTD (Comoros) Limited and in force.
- Towards lower risk: BBCorp publishing verification links next to each licence, naming all three of the licences it advertises, and stating plainly on the site which company holds client funds.
- Towards lower risk: evidence that client money for the Comoros entity is segregated at a named bank, or that the Lebanese CMA-supervised company is the counterparty for international clients.
- Towards lower risk: a corporate registry record dating either company, which would replace the current upper-bound age figure with a confirmed one.
- Towards higher risk: two or more further fund-integrity complaints on separate platforms describing the same mechanism, with amounts and dates.
- Towards higher risk: any demand for a tax, fee or insurance payment before a withdrawal is released. One credible instance of that would change this report substantially.
- Towards higher risk: a warning-list entry from any regulator naming bbcorp.trade, bbcorpfx.com or either company.
- Towards higher risk: confirmation that BFX2024241 is not a real Mwali licence, or that it belongs to a different company.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Mwali International Services Authority - authorised brokerage companies
The authority's own roster of licensed brokers; it ends at BFX2024235 dated 24 December 2024 and does not list BBCorp's number.
Lebanon Capital Markets Authority - approved institutions
The regulator's list of approved Lebanese institutions; Beirut Brokerage Corporation SAL is number 8 on the Financial Intermediation Institutions list.
Lebanon CMA approved-institutions list, dated capture
A dated copy of the same register page showing Beirut Brokerage Corporation SAL at number 8.
Mwali suspended companies list
Check whether a Mwali-licensed firm has been suspended; BBCorp does not appear here.
Trustpilot reviews for bbcorp.trade
The per-domain review page, so it cannot be confused with a similarly named firm.
BBCorp legal documents
The broker's own terms, complaints policy and privacy documents.
Frequently asked questions
Quick answers about this broker’s safety.
Is BBCorp a scam?
We found no proof that it is. No regulator has issued a warning about BBCorp, there is no enforcement action against it, and the Lebanese arm of the group holds a genuine licence we confirmed. We still rate it high risk at 54%, because the company that actually takes international clients' deposits is registered in the Comoros and is not meaningfully supervised.
Is BBCorp a fraud?
No court or regulator has found BBCorp to have committed fraud, and we found no fraud-related legal record naming either of its companies or its websites. We assess the risk as elevated rather than proven, mainly because the offshore licence it advertises could not be confirmed and the money-holding company sits outside any effective supervision.
Is BBCorp regulated?
Partly. Beirut Brokerage Corporation S.A.L. is listed by Lebanon's Capital Markets Authority as an approved Financial Intermediation Institution at number 8. But the company you contract with on bbcorp.trade is BBcorp LTD (Comoros) Limited, and the Lebanese licence does not cover it. That company relies on a Mwali licence we could not confirm.
What is the MISA licence worth?
Very little. The Mwali International Services Authority is the registrar of an autonomous island in the Comoros, not a financial supervisor. The Central Bank of the Comoros does not recognise forex licences issued there. There is no compensation fund, no dispute body and no realistic enforcement if something goes wrong.
Why could you not verify licence BFX2024241?
Mwali publishes its licensed brokers as a single roster with no per-firm search. That roster stops at BFX2024235, issued on 24 December 2024, so any licence numbered after that is simply not covered by the published record. BBCorp's number is six places later and does not appear.
Can I withdraw my money from BBCorp?
Most reviewers who mention withdrawals say they were paid, and one specifically praises fast withdrawals. One client reported in May 2026 that BBCorp cancelled their trades and pushed the whole balance out as a withdrawal without warning. The money was returned in that case, but the client was not consulted. Make a small test withdrawal early and keep the records.
Is my money safe with BBCorp?
Your money is only as protected as the company holding it, and that company is registered in the Comoros with no compensation scheme behind it. The site says deposits and withdrawals may be processed by unnamed affiliates, which makes it harder to know where funds sit. Ask in writing which entity and which bank holds client money before you deposit.
Who owns BBCorp and how old is it?
The brand belongs to Beirut Brokerage Corporation S.A.L. of Beirut, Lebanon, which carries Lebanese commercial register number 1002276 and advertises 2004 as its founding year. The Comoros company that serves international clients was registered in December 2024. Neither company could be dated from a public registry, so the verified history rests on the domain record, which reaches back to May 2020.
Is BBCorp a clone of another broker?
No. The licence numbers, company names and registration details we checked belong to BBCorp's own group, not to some other firm. The Lebanese licence is held by a genuine affiliate that shares the brand and the predecessor website, so this is a group structure rather than impersonation.
Why does BBCorp say it has 3 regulated licences?
We could not establish what the third one is. The website names only the Mwali licence, the company claims the Lebanese CMA licence elsewhere, and no register link is published for any of them. Until the third licence is named and verifiable, treat the claim as unsupported.
Does BBCorp accept clients from the EU or the United States?
No. Its terms exclude residents of the United States, the European Union and jurisdictions the Financial Action Task Force treats as high risk, naming Iran, North Korea and Myanmar. That is a point in its favour, since brokers chasing supervised markets without permission usually do the opposite.
What platform and accounts does BBCorp offer?
MetaTrader 5, with forex, metals, indices, shares, commodities, energies and crypto CFDs, and leverage up to 1:500. The Standard and Trader accounts start at 10 USD; the Investor account for shares requires 30,000 USD. All accounts are advertised with negative balance protection.
What should I check before depositing with BBCorp?
Confirm which legal entity your account agreement names, ask for the Mwali licence certificate with its issue date, ask where client funds are held and whether they are segregated, and test a small withdrawal early. Never pay a fee, tax or insurance charge to release a withdrawal.
What do I do if I think I was scammed by a broker?
Stop sending money immediately and never pay a release fee. Gather your deposit receipts, statements, ticket numbers and all correspondence. Report it to your bank or card issuer to ask about a chargeback, to your national financial regulator, and to your local police. Ignore anyone who contacts you offering to recover your funds for an upfront fee, as that is a common follow-up scam.
What we recommend
The practical takeaway from everything above.
Treat BBCorp as a high-risk offshore broker and size any deposit accordingly.
- Know who your counterparty is. Signing up at bbcorp.trade puts you with the Comoros company, not the Lebanon-regulated one. The Lebanese CMA cannot help you with a dispute against the Comoros entity.
- Ask before you deposit. Ask in writing which legal entity holds your funds, at which bank, and whether the account is segregated. Ask for a copy of the Mwali licence certificate with its issue date.
- Deposit only what you can afford to lose. There is no compensation scheme behind the Comoros entity and no ombudsman to appeal to.
- Withdraw early and small first. Make a small withdrawal soon after your first deposit and keep the records. A broker that pays small test withdrawals quickly is telling you something useful.
- Keep your own records. Save deposit receipts, trade confirmations, ticket numbers and every chat or email with an account manager.
- Never pay to get your money out. No legitimate broker asks for a tax, release fee, insurance or margin top-up before releasing a withdrawal. If that happens, stop paying and report it.
- If you are in Lebanon and dealt with Beirut Brokerage Corporation S.A.L., you can file a complaint with Lebanon's Capital Markets Authority, which supervises that company.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 24, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.