BFX Review: Is BFX a Scam or a Legit Broker?

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.

Support

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: support@bfxinternational.com, kundenbetreuung@bfxinternational.com, supportes@bfxinternational.com

Conclusion

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.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

DID YOU KNOW!! Most Autotrading softwares or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, see our recommendation HERE

To recover your money from Scam Forex, Binary Options and Cryptocurrency brokerage or signals. Fill the form below to get help

powered by Typeform

Summary
Review Date
Reviewed Item
BFX
Author Rating
11stargraygraygraygray

Leave a Reply

avatar
  Subscribe  
Notify of
Translate »