Brex Capital licences

The broker does not publish a list. Its risk warning says it does not serve certain regions without naming any, and its compliance policy refers to jurisdiction restrictions that are not set out anywhere on the site.

The registration form asks only for a name, email, mobile number and password, with no country of residence field at all, so nothing in the sign-up process indicates which residents are accepted or refused.

The published instrument tables cover forex majors, gold and silver, the US30, US100, US500, UK100 and dollar index, WTI, Brent and natural gas, and four crypto CFDs.

Be aware the site is inconsistent about its range: the markets page headline offers stocks and ETFs, but no stock or ETF appears in any instrument table, and the same page claims both 20 plus instruments in total and 40 plus currency pairs.

MetaTrader 5 only, on desktop, web and mobile, and every account type runs on it. There is a free MT5 demo account.

Brex Capital adds a branded mobile app and a copy trading service on top of the same platform. MetaTrader 4 is not offered and there is no proprietary terminal.

The broker states requests are reviewed and processed within 24 hours, with Thai baht payouts often landing the same day. The minimum withdrawal is 150 THB or 5 USD and the broker adds no fee.

The compliance policy allows a hold where an investigation, an AML review, a suspected identity issue, an outstanding chargeback or a profit claw back applies, so the 24 hour figure describes the normal case rather than a guarantee.

Funding is regional. Local bank transfer is offered in Thailand through SCB, KBank, Bangkok Bank and Krungthai from 150 THB, in Laos from 150,000 LAK and in Vietnam from 150,000 VND, all quoted at instant to 15 minutes. USDT on TRC20 or ERC20 is accepted from 100 USDT, quoted at 10 to 30 minutes.

Money must come back out the same way and in the same name it went in.

The spread is the only stated cost. Brex Capital charges no commission on any trade and no overnight swap on any instrument, and no deposit or withdrawal fee of its own.

Indicative spreads start at 0.5 pips on EURUSD, 1.6 on gold and 20.0 points on US30. Spread from varies by account, from 0.8 pips on PRO to 1.6 pips on STANDARD and CENT.

Up to 1:3000, which is among the highest advertised anywhere and far beyond what onshore regulators allow retail clients.

It is dynamic and falls as your balance grows: 1:3000 below 100 USD, 1:2000 to 10,000 USD, 1:1000 to 20,000 USD, 1:500 to 50,000 USD, 1:300 to 100,000 USD and 1:100 above that. Cryptocurrency is capped at 1:200 regardless of tier.

Five US dollars on the STANDARD and CAPITAL accounts, or 500 cent units on the CENT account. The PRO account requires 1,000 US dollars.

One practical catch: the only USD funding channel is USDT, and that carries a 100 USDT minimum, twenty times the advertised account minimum. The 5 USD entry point is only reachable through the Thai, Lao or Vietnamese local bank rails.

No, not if you are a client of Brex Capital LLC. FSP licence 55069 is held by Brex Capital (Pty) Ltd, a separate South African company registered as 2025/134967/07, and the Client Agreement places affiliates outside your trading relationship.

The licence itself is real and in force from 30 June 2025 for financial derivatives trading. It simply does not cover the counterparty holding your money.

Brex Capital LLC, a company incorporated on the Autonomous Island of Mwali in the Union of the Comoros, at Bonovo Road, Fomboni. Its Client Agreement states that clients contract exclusively with this company.

Two affiliates are named on the site: Brex Capital (Pty) Ltd in South Africa and Brex Capital Limited in New Zealand. The agreement expressly says no affiliate is responsible for the company's obligations. Individual ownership of the Comoros company is not disclosed.