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No valid regulatory information, please be aware of the risk!
+44 203 514 0458
+ 44 203 514 0458
I deposited 1260 pesos and was unable to operate.
Bforex has scammed a lot of clients by stealing money from their accounts.
I deposited 60,000 pesos but lost all of the money due to its operation and the fluctuation of market.
I have lost 25,000USD with Bforex . They are bigggggggg scam . First they will provide you all the profits then they will start to loose all your heard earned money . They wont even bother about you if you have started talking anything against them . Please dont invest with bforex . Can anyone tell me how to get back my money from them.
I would like to inform you that i have been trading with BForex from 2020. I had deposited 5700 usd dollar. I tried to withdraw my money from them but they kept me block in trades. And they kept on forcing me to deposit more. I took 1st withdrawal from them because i had a doubt in this trader. The made a lost of 3700 usd. They told me you can withdraw money you in lost. slowly i recovred my money. And when i asked for the withdrawal they kept saying its approved. it never happened. today 19th Aug. they asked me to place a position which made a lost of 3500 usd they called me and said deposit money to save your position. when i said no i dont have money to put in. they said then sorry we cant help close your position. I tried many times to withdraw they never did.
General Information & Regulation
Bforex is an online broker registered in United Kingdom, with its founding time, actual address, and the company behind it not disclosed to all. There is no regulation information mentioned on the Bforex website. Bforex is an unregulated broker, it is unsafe to trade with it.
Only forex trading is available on the Bforex platform. Whether traders can trade other trading assets with this broker is unknown.
In terms of minimum initial deposit requirement, Bforex requires traders to open an account for as little as $200. Although this is a reasonable range, given the fact that Bforex is not regulated anyway,
It is unsafe to trade with this broker.
The maximum trading leverage offered by Bforex is up to 1:200, when it comes to this part. Traders should note that high leverage level means high risks when in the fluctuating markets. It is important to learn how to use leverage and how to manage risks.
Spreads & Commissions
Bforex offers a commission-free environment. Specified spreads on particular instruments are displayed clearly on its official website. The spread on the EUR/USD pair is 3 pips, much higher than the industry standard, with the EURUSD spread varying from 1 pip to 1.5 pips. The spreads on the Gold and Silver are 0.5 pip and 0.04 pip, respectively, which seems average, not that competitive enogh.
Trading Platform Available
With respect to trading platform available, what Bforex offers is not the widely recognized MetaTrader platform. The trading platforms offered by Bforex are web-PROfit and Mobile PROfit. WebPROfit is an easy to use online trading platform allowing you to trade anytime from anywhere, no download required. The mobile PROfit is easy to download, free to all Bforex traders.
Deposit & Withdrawal
Deposit options available include Credit Card, Bank Transfer, as well as some e-wallet payment methods like Skrill, Neteller, OKPAY, CASHU, Sofort, QIWI, RBK, Filspay, Voguepay. On average, a withdrawal requests processing time is 4-5 business days, depending on your banking provider and your withdrawal documentation.
Both customer and technical support is available 24 hours from Sunday to Friday. The customer support team can be reached through telephone: +44 203 514 0458, +44 203 150 0447/ +35924928310 (English), 442038071435(Arabic), +5078365996 (Spanish), email：firstname.lastname@example.org. Its live chat communication is not available.
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