Scammers work tirelessly when creating new brokers. Not a day goes by without a new scam project appearing online — sometimes even several at once. Our Barlen Group review uncovers yet another fake company that makes grand promises but only succeeds in stealing clients’ money. Want to learn the details to avoid becoming their victim? Check out our analysis below.
Key Features
- Company Name: Barlen Group
- Website: https://www.barlengroup.com/
- Available Contacts: [email protected]; +4171779876
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $250
From Sign-Up to Payout
Even the first glance at the homepage of Barlen Group left a rather bleak impression. This isn’t just about the developers’ peculiar design choices — like pink statistical blocks or lemon-yellow banners with payment system logos standing out against a strict black background.
What’s even more striking is the claim that daily trading volume is measured in percentages on the same statistics panel. Equally amusing is the email address in the footer, which is protected against copying, as if it were a state secret.
Another “masterpiece” can be found on the About page. Here, they boast about access to numerous trading assets via the MT4 Web Trader platform. At first glance, this might seem legitimate — until you realize the company actually uses a platform based on a TradingView widget.
In short, the broker’s level of professionalism and trustworthiness is evident right away. And there’s no shortage of further evidence on their website:
- The page content barely qualifies as information — it’s so useless.
- There was some hope for the Market Overview section. However, visitors are greeted by a chaotic cluster of TradingView widgets — a common trend among many scam brokers. While these widgets were originally designed to be useful tools, Barlen Group has turned them into clutter, making it hard to find anything helpful.
- The broker even decided to forgo a Contact page and any regulatory documents that govern client interactions.
There aren’t even links to these documents during the registration process. On what basis are clients supposed to send money to their accounts? However, this question becomes moot, as the deposit function in the personal account doesn’t even work. The payment methods list is blank, and users are instead urged to contact support. The company’s representatives will undoubtedly “assist” new clients in opening a trading account and explain how to fund it.
After all this, it’s clear we’re dealing with amateurs. They likely got their hands on a broker website template and decided to target naive beginners. For such users — who know as little about trading as the project owners themselves — the barely functional website will suffice.
Our Trading Experience With Barlen Group
Our impression of amateur scammers was only reinforced after exploring the broker’s trading platform. As mentioned earlier, Barlen Group seems oblivious to the difference between the MetaTrader web terminal and software based on a TradingView widget.
It quickly becomes apparent that all the talk about a company-developed software “masterpiece” capable of executing orders at lightning speed and handling thousands of assets belongs in the realm of modern fairy tales.
To be clear, we never expected Barlen Group to have developed their own terminal. The reason is simple — we’ve encountered this platform with scam brokers before.
Visually, it looks decent and includes built-in TradingView analytical tools, enabling quality analysis and price forecasting. However, the platform has numerous drawbacks:
- The terminal is designed for spread betting, not standard CFD trading. As a result, order execution processes — both market and pending — along with stop-loss placements, capital management, and risk handling, differ significantly.
- Multi-charting is not supported; only one trading instrument can be displayed at a time. This is a significant hindrance for traders managing asset portfolios.
- The platform offers a limited number of timeframes (only five). Traders accustomed to 15-minute, hourly, or four-hour charts will find this frustrating. It may even lead to substantial losses, as H1 and H4 are critical for intraday and short-term trading.
There’s no option to add custom indicators or integrate scripts for trading robots. This makes the platform unsuitable for creators of original trading systems.
In short, amateur scammers managed to stand out again by choosing a subpar trading platform. Perhaps no one even selected it — it might have been bundled with the same template as their official website.
The trading conditions proposed by Barlen Group also raise questions. The only source of information about them is a table of account types (it seems the staff are unfamiliar with the concept of contract specifications).
For now, we’ll set aside the “Customer Support” feature listed in the table, which seems to be included purely to make the list appear more impressive. Instead, let’s focus on the increasing leverage ratios tied to higher deposit amounts. For instance, a trader depositing $250 can trade with minimal risk (leverage of 0). But if the deposit exceeds $100,000, leverage jumps to 1:200 — introducing significant risk. In short, the larger the deposit, the easier it is to lose it. A classic scammer approach.
The absence of other essential characteristics — like spreads, swaps, commissions, or levels for Margin Call and Stop Out — is equally problematic. Instead, clients are left to figure out trading conditions on their own. And if they lose some or all of their deposit in the process, the company will only be pleased.
The Reality Check
We’re confident that Barlen Group is a scam broker. The most compelling evidence lies in the analysis of official company information — or the lack thereof on their website.
The only clue about their registration is an office address in Switzerland. Naturally, we started by checking the Swiss business registry…
Of course, we didn’t stop there. However, even the Open Corporates database only lists one active company, The Barlen Group Inc., registered in Pennsylvania (USA). It has no relation to financial services, let alone brokerage. Additionally, CFD trading is prohibited in the United States.
This means the company is not registered in any jurisdiction. Naturally, it does not have any licenses, as regulators do not issue them to virtual entities. Providing brokerage services without the necessary permits is illegal. Users who choose to cooperate with such brokers do so at their own risk, without any protection for their rights or interests.
Trusting an unregistered, unlicensed company would be a grave mistake. Let’s not forget that Barlen Group also does not publish any documentation regulating its relationship with traders. In other words, it doesn’t even formalize agreements with its clients. So on what basis is Barlen Group providing services, accepting payments, or processing withdrawals? These are questions that remain unanswered.
How Long Has Barlen Group Been in the Game?
Finding the company’s registration date is straightforward. We used the Whois service to check the domain registration details.
The platform operates under the domain barlengroup.com, which was registered back in 2010. However, this does not mean the broker has been in business that long. According to snapshots from Web Archive, the domain was up for sale until 2024, and as of early August, the website had not yet been launched.
This aligns with the last modification date of September 18, 2024. Most likely, the company has only been active since then, which means it has been operating for just over two months.
This clearly debunks the rosy statistics displayed on barlengroup.com’s homepage. It’s hard to believe that even the most impressive company could gather traders from 94 countries and win 11 international awards in just a few months. While these claims look impressive, they’re clearly fake and fail to convince anyone except the scammers themselves.
Extra Fraud Indicators
There are additional reasons to suspect the company is fraudulent. For instance, reviews for Barlen Group are currently non-existent. This clearly reflects the broker’s short lifespan. However, plenty of articles about the company have already appeared on various websites, both relevant and unrelated to trading. Opinions on these platforms are divided.
Some articles label the broker as trustworthy, praising its success story and exceptional trading conditions. These can be found in YouTube videos and on less-known, non-reputable websites. It’s clear that these aren’t genuine opinions but rather paid advertisements sponsored by the fraudulent company.
On the other hand, trading and investment portals describe the platform as a scam. Experts’ opinions are unanimous: the company operates without registration or licensing and deliberately misleads users. They warn against trusting it or engaging with it, echoing the conclusions we’ve already discussed.
Is Barlen Group the Right Fit?
We hope you’ve reviewed the materials we have provided. Our Barlen Group review aimed to achieve one goal: to demonstrate that this platform was created by scammers, and trading with them means risking all your invested funds. The broker lacks a license and any official registration, publishes misleading information, hides critical details about trading terms, financial operations, and the company itself.
Trading with Barlen Group is utterly pointless. If you see glowing reviews, rest assured they are paid for. This company operates without legal documentation, lacks access to real markets, and merely imitates the trading process. Worse still, if you attempt to withdraw funds, your account will be blocked. This is a true scam. Don’t repeat others’ mistakes – don’t send them a dime!