BFX is a forex broker registered to Capital EM Ltd. The brokerage has an address in the Marshall Islands. It promises to equip traders with much needed education on forex trading. The educational steps include: basic term and intro to forex, fundamental and tech analysis, indicators, strategies and then VIP clubs. Security of information is promised to put the mind of investors at ease.
The BFX official page, bfxinternational.com, mentions five packages: discovery, silver, gold, premium and VIP. Each of these packages come with their own advantages and they are discussed on the website. With this brokerage, clients are assured of getting tutorial. They would be helped with exchange and an automated calculator.
BFX Trading Platform
The BFX Trading Software makes use of the MetaTrader 4. It is the most common trading platform and it can be downloaded from the page. A web version is also available for trading tests. The products available are FX Pairs, stocks, indices and commodities.
Deposits and Withdrawals
Deposits and withdrawals can be done via credit cards, wire, local bank transactions and more. Visa and MasterCard are supported on BFX. It is not stated what the minimum deposit requirements are and no mention is made of charges.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine if this is a legit brokerage or not.
Is BFX Licensed?
Because BFX is registered address is in an offshore location, it cannot own a legit license. Investors should be wary as offshore locations are becoming the hub of scam brokers.
There are several contact phone numbers on the page: +44-203-514-0606, +41-41-588-1309, +34-51-888-0288, +65-31-592-735. Other means of reaching a BFX care agent are these email addresses: email@example.com, firstname.lastname@example.org, email@example.com
BFX International is in an offshore location where forex trades are not regulated. The lack of minimum deposits is fishy as well. The educational strategies look good and the options on the packages are also tempting.
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