Booc Company Overview

　　

Founding Date and Background

　　Booc Company, a forex broker, was founded in 2011. It operates in the financial markets, providing a range of trading instruments including forex, precious metals, crude oil, indices, and cryptocurrencies. Despite its relatively recent establishment, Booc has garnered attention for its unique offerings and the controversies surrounding its regulatory status.

　　

Parent Company/Ownership Structure

　　Booc operates as an independent brokerage firm. However, it has been associated with various entities that raise questions about its legitimacy. It is registered under the name Srico Blockchain Technology Co., Ltd., which has led to scrutiny regarding its ownership and operational practices.

　　

Headquarters Location

　　The company is headquartered in New York, USA, specifically at 40 E 7th St, New York, NY 10003. This location places it in one of the world's financial hubs, but the lack of transparency regarding its operations has led to skepticism among potential clients.

　　

Global Business Scope

　　Booc offers its services primarily in the forex trading market, but it also extends its offerings to various other financial instruments. Its services are available in multiple languages, catering to a diverse clientele. However, it does not operate in jurisdictions that may violate local laws, such as North Korea, Israel, and Cuba.

　　

Main Regulatory Bodies

　　Booc claims to be regulated by the National Futures Association (NFA) in the United States. However, there are significant concerns regarding the validity of this claim, as investigations have revealed that the registration number associated with Booc corresponds to a non-member entity, Smart Global, which is not regulated by the NFA.

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Company History and Development

　　

Key Milestones

　　Since its inception in 2011, Booc has experienced several key milestones, including the launch of its trading platform, the introduction of various account types, and the expansion of its trading instruments. However, its journey has not been without challenges, particularly concerning its regulatory status.

　　

Business Expansion Journey

　　Booc has expanded its offerings to include a wide range of financial instruments, including forex, precious metals, commodities, and cryptocurrencies. This expansion reflects its strategy to attract a broader customer base and meet the diverse needs of traders.

　　

Customer Base Growth

　　The company has reported a growing customer base, although specific statistics are not publicly available. The increase in user registrations can be attributed to its competitive spreads and the variety of trading options available.

　　

Platform Development History

　　Booc utilizes the ST5 trading platform, which is noted for its user-friendly interface and comprehensive features. The platform has undergone various updates to enhance user experience and trading efficiency. However, it lacks a demo account feature, which could deter novice traders from exploring its offerings.

　　

Important Awards or Recognitions Received

　　While Booc has not publicly disclosed any awards or recognitions, its presence in the forex trading market has attracted attention, both positive and negative. The controversies regarding its regulatory status have overshadowed any potential accolades.

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Trading Services Offered

　　

Forex Trading Options

　　Booc provides access to a diverse range of forex trading options, offering numerous currency pairs for trading. Popular pairs include EUR/USD, USD/CAD, GBP/USD, and USD/JPY. This variety allows traders to engage in global currency trading and capitalize on market fluctuations.

　　

Stock Trading Options

　　In addition to forex, Booc offers trading in stock market indices, including the Nikkei, German Index, and S&P 500. However, detailed information on specific stocks available for trading is limited on its platform.

　　

CFD Trading Products

　　Booc provides contracts for difference (CFDs) on various assets, allowing traders to speculate on price movements without owning the underlying asset. This includes CFDs on commodities like crude oil and precious metals.

　　

Other Financial Instruments

　　Booc also facilitates trading in cryptocurrencies such as Bitcoin, Ether, and Ripple, providing exposure to the growing digital asset market. Moreover, it offers precious metals trading, including gold and silver.

　　

Special Services or Unique Advantages

　　Booc claims to offer competitive spreads starting as low as 0, which can be attractive to traders looking to minimize transaction costs. Additionally, it provides multiple account types tailored to different trading needs, including comprehensive, finance, and financial STP accounts.

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Regulatory and Legal Background

　　

Detailed Regulatory Information

　　Booc's regulatory claims are under scrutiny. While it states that it is registered with the NFA, investigations reveal that the corresponding registration number links to a non-member entity, raising concerns about its regulatory compliance. In Canada, it is registered with the Financial Transactions and Reports Analysis Centre (FINTRAC), but this does not extend to regulation for financial derivative trading.

　　

Legal Entity Structure by Region

　　Booc operates under different legal entities based on its geographical focus, but the lack of transparency regarding its operational structure complicates the understanding of its legal framework.

　　

Client Fund Protection Measures

　　There is limited information available regarding client fund protection measures. Potential clients should be aware of the risks associated with trading with an unregulated broker and the implications for fund security.

　　

Countries/Regions Served

　　Booc offers its services globally but does not operate in jurisdictions where its services may violate local laws, such as North Korea, Israel, and Cuba. Its primary customer base appears to be in regions with less stringent regulatory environments.

　　

Compliance History

　　Booc's compliance history is questionable, given the allegations of fraudulent activity and the lack of valid regulatory oversight. Clients are advised to conduct thorough research before engaging with the broker.

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Competitive Landscape

　　

3-5 Main Competitors

　　Booc faces competition from several well-established forex brokers, including:

• FXTM (ForexTime): Known for its extensive educational resources and diverse account types.
• IG Group: Offers a wide range of trading instruments and robust regulatory oversight.
• OANDA: Recognized for its transparent pricing and innovative trading tools.
• eToro: Popular for its social trading features and user-friendly platform.

　　

Positioning in the Industry

　　Booc positions itself as a competitive option in the forex trading market, but its regulatory concerns and the lack of transparency hinder its reputation. It attempts to attract traders with low spreads and a variety of trading instruments.

　　

Market Differentiation Factors

　　Booc differentiates itself through its diverse range of trading instruments and competitive spreads. However, the absence of a demo account and the questionable regulatory status may limit its appeal compared to more established competitors.

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　　In conclusion, while Booc Company offers a variety of trading services and competitive pricing, potential clients should exercise caution due to regulatory concerns and the lack of transparency in its operations. Thorough research and due diligence are essential for anyone considering engaging with this broker.

　　Learn more about Booc Company and its offerings.