The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Brokerz Ltd

Commissione Nazionale per le Società e la Borsa (CONSOB; Italian Companies and Exchange Commission) warned the public that the firm is carrying out financial activities unlawfully: https://www.consob.it/web/consob-and-its activities/warnings/documenti/english/entutela/cns/2019/enct20190923.htm?hkeywords=www.brokerz.com&docid=1&page=0&hits=5&nav=false

There are several severe red flags on Brokerz's website. To start with, this broker presents zero details about its company information and regulation. Lacking for such vital information is already a huge red flag for potential traders. Besides, Brokerz claims to be founded in 2013, but the broker’s site was created in 2017, which is inconsistent with its statement. Brokerz also states that its legal documents are governed and constructed in accordance with Saint Vincent and Grenadines laws. However, Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So Brokerz is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.