Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
10/10 · CriticalNo genuine licence while taking deposits; a linked entity used a forged BVI licence and a government money-laundering action is under way.
Identity & transparency
9/10 · CriticalNo real operating entity disclosed; funds layered through shell companies, with a hidden Dubai-based controller and a forged licence.
Withdrawals & conduct
9/10 · CriticalFund-integrity failures: blocked withdrawals plus demands to deposit more before release, and assets frozen by authorities.
Reputation
9/10 · CriticalEnforcement Directorate action, multiple police FIRs and mainstream press coverage across the network.
Website claims
9/10 · CriticalGuaranteed 5 to 15 percent monthly returns, AI-robot claims and forged or fraudulent registration credentials.
Operational history
6/10 · HighDomain live since April 2022, but the operation serially rebrands to evade scrutiny, so longevity is not reassuring.
Who they are
A quick desk file on the company behind the brand.
- Brand: BotBro
- Legal entity: No genuine operating company disclosed; a network of shell companies. Linked entity QFX Trade Limited. Controlled by Nawab Ali, alias Lavish Chaudhary, based in Dubai.
- Registered: No verified registration. QFX Trade Limited purported to be registered in the British Virgin Islands, which the BVI regulator says is false.
- Website: botbro.biz (now offline). Note: botbro.io is an unrelated browser-automation product and is not this operation.
- Only licence: None. A forged British Virgin Islands investment-business licence was circulated by the linked entity.
- Offers: An AI forex trading robot and an investment plan promising 5 to 15 percent monthly returns, with referral commissions.
- Not accepted: Not applicable; the model collected deposits through Indian agents and payment gateways.
- Age claim: The botbro.biz domain was registered in April 2022.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
British Virgin Islands Financial Services Commission (BVI FSC)
Why we reached this verdict
How the evidence adds up.
This is a confirmed investment scam, backed by law-enforcement and regulator records.
- Enforcement Directorate action. India's ED conducted money-laundering searches in February 2025 and froze about 170 crore rupees held by shell companies in the BotBro and QFX network, naming Nawab Ali alias Lavish Chaudhary as the mastermind.
- Forged regulator licence. The British Virgin Islands Financial Services Commission published a statement that QFX Trade Limited, a linked entity, was never licensed and was circulating a forged investment-business licence.
- Guaranteed-return pyramid. The scheme promised fixed monthly returns of 5 to 15 percent through an AI robot, paid influencers to recruit, and offered cars and trips for elite recruiters. No legitimate broker guarantees returns like this.
- Money did not come back. Investors describe blocked withdrawals and pressure to deposit more before release, which is the advance-fee mechanic. Frozen accounts mean many will never recover funds.
- Serial rebranding. The same operators ran QFX Trade, Yorker FX, Bot-Alpha and TLC Coin, changing names every few months to keep attracting new money.
Note on operating history: the 4.3-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The BVI Financial Services Commission states that linked entity QFX Trade Limited was never licensed and was circulating a forged investment-business licence (Public Statement 5 of 2022, dated 16 May 2022).
E2India's Enforcement Directorate froze about 170 crore rupees across 30-plus accounts in the QFX and BotBro network under money-laundering law, naming Nawab Ali alias Lavish Chaudhary as mastermind (searches February 2025).
Hard proofOrganiser (ED action report)E3BotBro was marketed as an AI forex robot promising guaranteed monthly returns of 5 to 15 percent, with a referral-commission MLM structure and luxury recruitment incentives.
E4Police in 2026 registered a case against Chaudhary and the linked entities QFX Trade, Yorker FX, BotBro and Bot-Alpha for cheating more than 100 investors of nearly 11 crore rupees.
E5Investors report denied or delayed withdrawals and repeated demands to deposit more money before funds are released, the advance-fee pattern.
E6The botbro.biz domain was registered on 19 April 2022 through NameCheap, using Cloudflare nameservers and a privacy-shielded registrant. The site is now offline.
ModerateRDAP registry record (.biz)E7The network used flashy offices, polished websites and fraudulent GST registrations to appear legitimate while operating an unregulated deposit scheme.
E8The botbro.io website on our record is an unrelated browser-automation product from Moran Technologies LLC, not the forex operation. This is a name collision.
Weakbotbro.io
The other side
The strongest case in this broker’s favour.
In fairness, we looked for an innocent explanation.
- We checked whether botbro.io, the website on our record, was a genuine regulated business. It is an unrelated browser-automation tool run by a different company, so it neither helps nor harms the forex operation.
- We checked whether any real regulator ever authorised the operation. The only licence in play was declared forged by the British Virgin Islands regulator, so there is no genuine authorisation to credit.
- We considered whether the complaints could be planted by competitors. They are corroborated by a government enforcement action and police cases with specific frozen amounts and named entities, which planted reviews cannot fake.
- Nothing we found points toward a legitimate business. The domain age of about four years only shows the fraud ran for a while, not that it was safe.
What would change this
What we would need to see to revise the verdict.
Our verdict would only change on strong new facts.
- A genuine, verifiable licence from a real financial regulator issued to the actual operating entity, confirmed on that regulator's own register.
- The Enforcement Directorate and Indian courts clearing the network and returning frozen funds to investors.
- Evidence that the withdrawal complaints were fabricated and that clients were consistently paid out, which would contradict the frozen-account record.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
BVI FSC Public Statement 5 of 2022 (QFX Trade Limited)
BVI regulator confirms the linked entity was never licensed and used a forged licence
Enforcement Directorate freezes 170 crore in the QFX/BotBro scam
India ED money-laundering action naming the BotBro network and its mastermind
QFX Trade Limited scam profile
Independent review of the linked QFX Trade Limited entity and its complaints
Frequently asked questions
Quick answers about this broker’s safety.
Is BotBro a scam?
Yes. BotBro is an unregulated AI forex and multi-level marketing scheme. India's Enforcement Directorate has frozen about 170 crore rupees linked to the network, and police have registered cheating cases against it.
Is BotBro regulated by any financial authority?
No. It holds no genuine licence. A linked entity, QFX Trade Limited, was found by the British Virgin Islands regulator to have used a forged licence and to have never been authorised.
Can I withdraw my money from BotBro?
Many investors say they cannot. Reports describe blocked or denied withdrawals and demands to deposit more money before any payout. With accounts frozen by authorities, recovery is unlikely.
Who is behind BotBro?
Indian authorities name Nawab Ali, also known as Lavish Chaudhary, a Dubai-based promoter, as the mastermind. He also ran QFX Trade, Yorker FX, Bot-Alpha and TLC Coin.
Is my money safe with BotBro?
No. Funds were routed through shell companies and payment gateways and are the subject of a money-laundering investigation. There is no client-money protection of any kind.
What is the BotBro AI trading robot?
It is marketed as an AI robot that trades forex automatically and pays fixed monthly profits. No real trading of this kind was verified, and guaranteed returns are a hallmark of fraud.
Is botbro.io the same as the BotBro scam?
No. botbro.io is an unrelated browser-automation product from a different company. The forex scheme operated at botbro.biz, which is now offline.
Why did BotBro promise 5 to 15 percent monthly returns?
Those promises are bait. No legitimate investment guarantees such returns. Fixed high returns are used to attract deposits that fund payouts to earlier investors, the classic Ponzi pattern.
Has any regulator or government acted against BotBro?
Yes. India's Enforcement Directorate searched premises and froze assets in 2025, the BVI regulator flagged the forged licence of a linked entity in 2022, and police filed cheating cases in 2026.
What should I do if I invested in BotBro?
Stop sending money, especially any fee to unlock a withdrawal. Save all records and report to your local police and financial regulator. In India, the case sits with the Enforcement Directorate.
Could BotBro come back under a new name?
It already has, repeatedly. The same operators rebranded across QFX Trade, Yorker FX, Bot-Alpha and TLC Coin. Be wary of new AI-trading brands using the same pitch.
What we recommend
The practical takeaway from everything above.
Treat BotBro as a confirmed scam and avoid it completely.
- Do not deposit any money and ignore promises of guaranteed monthly returns.
- If you already invested, stop sending money, especially any fee to unlock a withdrawal, and gather your records.
- Report to your local police and financial regulator; in India, the matter sits with the Enforcement Directorate.
- Be alert to recovery scams that target victims of BotBro with promises to get your money back for an upfront fee.
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 August 21, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.