Meet our BSPAssetManagement review, which focuses on a Forex/CFD broker that constantly touts its efficiency and accuracy while claiming to have more than 2 million client accounts. However, there is no evidence to back up these claims. Instead, its website is filled with statements about advanced analytics for traders, attractive trading conditions, and comprehensive customer support. Everything might sound great, but we have no doubt that this project was created by scammers. Its sole purpose is to collect as much money as possible, which will ultimately end up in the scammers’ pockets. In the sections below, we will explain why this pseudo-company should not be trusted.
Key Features
- Company Name: BSP Company PTY LTD
- Website: https://bspassetmanagement.info/, bspassetmanagement.com
- Available Contacts: [email protected]; +12268283720, +442394200807
- Foundation: 2026
- Services: Forex/CFD trading
- License: No license
- Initial Deposit: $250
From Sign-Up to Payout
These days, there is hardly any need to comment on the design of most brokers’ official websites. They use high-quality templates with well-optimized pages designed to load quickly. BSPAssetManagement is no exception, although its choice of color scheme, font sizes, and thematic images can hardly be called successful. Of course, this is a matter of taste. Still, it seems the company simply forgot that an appealing appearance is one of the factors contributing to a website’s success.
However, the content does not fare any better. Traders would certainly appreciate important and useful information on the website, but for some reason, there is very little of it. For example:
- On the Research section pages, the employees responsible for the content did not even bother to provide brief analytical reviews. Instead, they relied on an economic calendar from TradingView and a dozen articles from different categories. Unfortunately, these materials are of little value as well: the content, which is not particularly impressive to begin with, was taken from across the internet and lightly processed with AI. Apparently, the company believes this should be enough to satisfy potential clients. Real traders are likely to be disappointed.
- The intelligence section is no more impressive. The Daily News link leads nowhere, while e-Books contains a grand total of three electronic books. The only sections offering at least some practical value are Trading Tools, which contains various solutions designed to assist traders, and FAQ, where users can actually find some answers about the broker and how it operates.
- The information block with the rather pretentious title “Advanced Trading Tools Designed For Smarter Market Decisions” is also worth mentioning. Here, traders are told that the company has completed 708 projects aimed at improving trading efficiency. These supposedly include a real-time economic calendar, dynamic heat maps, and numerous other tools. We have already seen the latter on the Trading Tools page and were not impressed: they are standard tools presented in a more polished package. As for the calendar and heat maps in the Markets section, it is difficult to consider them the result of the company’s hard work, since the company’s contribution appears to have been limited to obtaining links from TradingView.
- Information about the company itself is completely absent. We will discuss this issue in more detail below, but such a lack of disclosure is inconsistent even with the more lenient requirements imposed by offshore regulators, let alone Tier 1 regulatory authorities.
All of this becomes somewhat understandable if we assume that the website serves only one purpose: establishing BSPAssetManagement’s presence online. Some traders may find the useful tools in the Trading Tools section interesting, but overall, the website is poorly suited to attracting clients. Its lack of visibility across the internet further supports this conclusion.
But that is not all. It turns out that users cannot even register independently on this supposedly impressive platform. The reason is simple: there is no button leading to a registration form. Apparently, company representatives attract clients through personal conversations over the phone and then create accounts for interested prospects themselves.
Unfortunately, we were unable to communicate with the support team. As a result, we do not have an active account and cannot assess the available deposit and withdrawal options. BSPAssetManagement does not publish its own payment details, or important information about transactions, such as limits, processing times, and fees. Regarding the list of payment methods, the FAQ contains a curious note that it “may” include bank transfers, debit cards, selected e-service providers, and optionally cryptocurrency transfers. The broker even stipulates that cryptocurrency is “never mandatory.”
Nevertheless, we are convinced that the broker does not offer legitimate deposit and withdrawal methods. We found confirmation of this in the Withdrawal Terms, where the company explicitly states that all withdrawals are processed exclusively in cryptocurrency (Tether). Not only is this a non-refundable payment method, but the project’s founders also contradict themselves.
Overall, all of these practices are well-known to us: scam projects use them on a regular basis. What genuinely surprised us was the sheer number of red flags we identified during our very first look at the BSPAssetManagement website. An experienced trader would likely reject cooperation with such a platform immediately, which suggests that the project’s main target may be inexperienced traders.
Our Trading Experience With BSPAssetManagement
Among the key parameters traders typically examine before choosing a broker, trading conditions occupy a particularly important place. To make a well-informed decision about working with a company, users need to know in advance which markets and assets are available to them, under what conditions trades are executed, what costs they will incur during trading, what leverage is offered, and what risks they may face.
Licensed brokers generally disclose this information in considerable detail. Potential clients can usually review the main account and trading parameters before registering. Scam platforms often take the opposite approach, choosing not to disclose the details that matter most.
BSPAssetManagement is particularly notable in this regard. This is certainly not praise or an indication of any advantage. Rather, it highlights a serious issue: the broker provides traders with virtually no information about its trading conditions. The website contains no comprehensive descriptions of accounts or pricing plans, contract specifications, or other details necessary to objectively assess the offer. In particular:
- Minimum deposit. We found this information only on the FAQ page. The only numerical trading-condition figure listed there states that the initial deposit must be at least $250, while subsequent deposits can reportedly be made in amounts starting from $1.
- Leverage. The broker does not specify the available leverage, meaning that potential clients cannot assess the level of trading risk they would be taking.
- Spreads, swaps, and trading commissions. The absence of this information makes it impossible to calculate the actual costs associated with opening, maintaining, and closing positions in advance.
- Permitted trade sizes and limits. The broker does not disclose either the maximum position size or any restrictions on the total number of simultaneously open trades. As a result, the possibilities for effective capital management also remain unclear.
And these are only the most obvious parameters. Other characteristics that an experienced trader would normally want to examine before opening an account are also left undisclosed. This raises a perfectly reasonable question: how is a potential client supposed to decide whether to start trading when even the basic conditions are not provided?
We decided to put this question directly to the company’s support team. After a fairly long wait, we received a response stating that all the necessary parameters would supposedly be available directly in the trading terminal, but only after registration.
At first glance, such an explanation might seem acceptable. However, as we have already mentioned, registration on the website is impossible because we could not find any element on the site that would allow us to open a registration form. At the same time, when explaining the procedure, the support representatives apparently did not consider it necessary to mention that the registration process itself is effectively unavailable.
We then decided to take a different approach and simply requested the trading conditions directly from the company’s representatives. We were even assured that we would not have to wait long and that the requested information would be sent to our email within an hour. Apparently, however, BSPAssetManagement has a somewhat different understanding of time intervals. To put it mildly, the promised one-hour wait has now stretched into its fourth day, while no one appears to be in any hurry to send us the information we requested.
As a result, potential clients of the broker find themselves in a difficult situation: they cannot open an account independently, they cannot review the trading parameters, and they are unable to obtain the necessary information through customer support. In practice, the company has created conditions that may discourage a trader who discovers the firm independently from pursuing cooperation with it.
We can understand why scammers might use such an approach. They have little interest in experienced traders who can objectively assess the service conditions and share negative feedback about BSPAssetManagement online. From a scammer’s perspective, it is much easier and more effective to approach a beginner with promises of quick profits, personalized support, and training from experienced mentors. This appears to be the approach on which this pseudo-broker relies.
Naturally, we were also interested in finding out which trading platform the company offers to its supposedly millions of clients. However, we were unable to establish this either. As a reminder, the website does not provide a button for registering an account, and we decided not to contact support with a separate request to open one, since our previous attempts to communicate had already demonstrated how little enthusiasm the staff showed toward providing assistance.
Still, the lack of access to the trading terminal did not come as a surprise. If a broker does not provide a normal registration process or allow potential clients to review its trading conditions, we are left with little choice but to take its own claims about the quality of its trading software at face value.
That said, we do not believe the company would have surprised us in this regard. Considering everything outlined above, we have serious doubts that the company could have obtained a genuinely functional and user-friendly trading platform. Developers of widely used trading software typically work with brokers under official agreements. BSPAssetManagement has given us numerous reasons to question whether it operates through a legitimate legal entity complying with the laws of any particular jurisdiction. Accordingly, there is little reason to expect it to have access to top-tier trading software.
The Reality Check
For some traders, the mere fact that a company is registered in a country with a strong financial tradition, including in the Forex brokerage sector, may be enough to create an impression of reliability. For example, references to Australia or the United Kingdom on an official website can give the impression that a business operates under the supervision of reputable regulators. Experienced users, however, know that relying solely on a country name or geographical reference is not sufficient. That is why we examine any claims regarding registration and licensing particularly carefully.
BSPAssetManagement certainly provided us with plenty of geographical information about itself. The company name and address of an Australian entity appear on different pages of the website, while the contact information includes telephone numbers with UK and Canadian country codes. For some reason, there is no Australian number.
Naturally, our first step was to consult the official Australian registers. We were looking for information about BSP COMPANY PTY LTD, company number 161 116 810, which, according to the broker itself, is the entity providing its services.
The first result turned out to be somewhat unexpected for us: a company with this name is indeed listed in the Australian business register. It has been assigned ACN 161 116 810, which matches the number provided by the broker, as well as ABN 91 161 116 810. The company was registered back in November 2012 and remains active to this day. The website creators are trying to convince us that we are dealing with a broker that has existed for almost 14 years. Of course, we could believe this, but only if this legal entity were found to hold an AFSL (Australian Financial Services License), which is mandatory for any broker operating in Australia.
However, a check of the ASIC Professional Registers Search shows that the active company does not hold an AFSL, or any other license issued by ASIC. In practical terms, this means that it has no legal authorization to provide brokerage/dealing services.
For novice traders in particular, it is important not to confuse the registration of a legal entity with an authorization to provide financial services. The mere fact that a company exists in the Australian business register does not mean that it is legally entitled to operate as a broker. Without a license, it cannot engage in such activities, and this example of a real Australian company illustrates the distinction perfectly.
As a next step, we turned to the database of the UK’s Companies House. The picture there proved to be no less interesting. The search returned a record for a company whose name almost completely matches the broker’s name — BSP ASSET MANAGEMENT LIMITED. It was registered under number 04380759 in February 2002 and is currently active. The record lists its business activity as financial holding companies, while aggregators report net assets of more than £26 million. Here, too, we appear to have another genuine candidate for the company supposedly operating the successful broker, but…
This legal entity also has no FCA license. In addition, the company has its own website at bspcredit.com/international, whose name matches the company’s previous name. The website clearly identifies its area of business as alternative lending. There is no mention whatsoever of providing brokerage/dealing services in the Forex/CFD markets.
A similar situation can be observed with the Canadian part of the broker’s story. The telephone number listed in the contact details belongs to the province of Ontario. A search of Canadian registries under the name BSP and the province of Ontario returned a considerable number of registered companies, both active and inactive. However, none of them is included in the federal SRO CIRO register, to which provincial regulators have delegated part of their regulatory powers. Accordingly, it can be stated with confidence that none of these companies is authorized to operate as a broker/dealer.
Thus, neither the company mentioned by BSPAssetManagement on its website, nor any of the British or Canadian companies that could have been presented by the broker online, have any connection to its purported core business. The conclusion is obvious: no matter how actively the platform’s creators try to convince traders that it is a genuine and legally operating entity, a basic verification of the available records does not support this claim.
This means that the platform is not merely operating without the required licenses; it also has not undergone any official registration and is unlawfully using the details of a genuine Australian company. This, in turn, raises serious questions about the broker’s corporate banking arrangements, insurance coverage, agreements with liquidity and pricing providers, and other essential business relationships.
In simple terms, the broker’s activities are not supported by the necessary regulatory authorizations. Under such circumstances, clients should be aware that their funds do not receive the same protections that are available when dealing with a properly licensed financial company.
How Long Has BSPAssetManagement Been in the Game?
Next, let us examine another important aspect: how long has this pseudo-company actually been present online? To determine this, we can look at the domain registration information. The domain creation date can provide at least an approximate indication of the project’s actual age.
According to information from the WHOIS service, the active domain bspassetmanagement.info was registered on February 19, 2026. Accordingly, at the time our review was prepared, the website had been online for only 7 months. The broker also has another domain — bspassetmanagement.com — which was registered on the same day. In short, the platform’s actual age appears rather modest. Against this background, the statistics displayed on the homepage are particularly noteworthy: the website claims that the service already has 2 million clients.
This means that, in order to reach the claimed figures, BSPAssetManagement would have had to attract an average of around 10,000 new registrations every day. These numbers look highly unusual for a project that has only recently appeared online. Of course, extremely rapid growth is theoretically possible. But in that case, there should also be corresponding external signs: numerous mentions, discussions, reviews, client publications, and a significant online footprint.
We see none of this. Therefore, there are two possible explanations: either the project owners have genuinely demonstrated extraordinary user-acquisition capabilities — which is difficult to believe given the broker’s website — or the stated statistics do not reflect reality and are simply part of the company’s fabricated story. Given the inconsistencies we have already identified, the second explanation appears more plausible.
Extra Fraud Indicators
Interestingly, BSPAssetManagement is virtually unknown online. We did not find a single objective review on any of the major platforms such as Trustpilot or Reviews.io. At the same time, a few publications mentioning the broker can still be found on social media. However, their content raises questions: these materials appear to be clearly promotional and seem designed to create a positive image of the platform, presumably in exchange for substantial payment.
So far, experts from specialized trading and investment websites have also paid virtually no attention to this broker. Among the major portals, we found a broker review only on Personal Reviews. As expected, its assessment is quite categorical: SCAM.
Is BSPAssetManagement the Right Fit?
Our bspassetmanagement.info review has shown that the number of questions surrounding this broker far exceeds the amount of evidence supporting its reliability. We identified problems with its registration, the absence of a brokerage license, minimal disclosure of trading conditions, the inability to complete the registration process properly, and an extremely short online history. Additional concerns are raised by the claimed multi-million client base and the almost complete absence of independent reviews. Taken together, all of this leads us to believe that the platform was created by scammers.
I was manipulated!
These scammers from Bspassetmanagement left me without my deposit. I opened an account on their platform with the minimum deposit and then, at the manager’s suggestion, kept adding more funds until I had deposited $10,000. At first, my trading went fairly well, but the problem was that the profits were very small. My manager told me that I needed to increase the size of my trades to get better returns, and I had already become caught up in the excitement, so I agreed. I never even considered that I was being manipulated!!! After that, one losing trade followed another, and I did not close a single position in profit. In the end, I quickly lost everything and made no money at all. I am convinced that this was exactly what the scammers had planned.