Review summary
BDG Group, operating under the brand name LICHADE, has been active for 5-10 years and is registered in the United Kingdom. This entity currently operates without mainstream forex regulation and lacks any valid authoritative trading licenses, such as from the FCA or other top-tier regulators. Its listing on New Zealand's Financial Service Providers Register (FSPR) is marked as 'Unverified' and for an 'Inst Investment Advisory' category, which does not constitute a license to operate a forex brokerage. The firm's overall SkyEye score is 1.53 out of 10, and its business scope is identified as suspicious. Consequently, traders face significant risks due to the absence of credible financial oversight. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-11)




