Bedafx

Note: Bedafxs official site - http://www.bedafx.com/en is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Bedafx Review Summary
Founded	5-10 years
Registered Country/Region	Vanuatu
Regulation	VFSC Revoked
Market Instruments	20 currency pairs, CFDs on precious metals and energy products
Demo Account	N/A
Leverage	1:400
EUR/ USD Spreads	3.3 pips
Trading Platforms	MT4
Minimum Deposit	$500
Customer Support	Phone, email

What is Bedafx？

Bedafx is a trading platform. The VFSC has revoked its license, leaving Bedafx without valid regulation and oversight from any government or financial authority. Furthermore, there are indications that the official website of Bedafx is currently inaccessible, raising suspicions of a potential absconding by the trading platform. Bedafx offered a range of trading instruments across multiple asset classes. Operating with their Standard account as the sole option, Bedafx allowed traders to access these instruments.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros	Cons
• MT4 supported	• Website is unavailable
• A range of trading instruments	• Some reports of withdrawal issues
• Phone and email support available	• No regulated
	• Wide EUR/USD spreads
	• No social media presence
	• High minimum deposit

Bedafx Alternative Brokers

There are many alternative brokers to Bedafx depending on the specific needs and preferences of the trader. Some popular options include:

• TD Direct Investing – A well-established and trusted broker in Canada offering a range of investment products and in-depth research.

• Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.

• TrioMarkets - A global forex and CFD broker offering a diverse range of trading instruments, competitive spreads, and advanced trading platforms to cater to the needs of both beginner and experienced traders.

Is Bedafx Safe or Scam？

The license of the Vanuatu Financial Services Commission (VFSC) is revoked. Bedafx currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of Bedafx is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with Bedafx, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

Bedafx offers a variety of trading instruments across different asset classes, including 20 currency pairs, CFDs on precious metals and energy products.

-Currency Pairs: Bedafx provides access to 20 currency pairs, representing major, minor, and exotic currencies. Traders can participate in the foreign exchange (forex) market and take advantage of currency price movements for potential profit.

-CFDs on Precious Metals: Bedafx allows trading Contracts for Difference (CFDs) on precious metals such as gold, silver, platinum, and palladium. Traders can speculate on the price fluctuations of these metals without owning the physical assets, providing opportunities to capitalize on market trends in the precious metals market.

-CFDs on Energy Products: Bedafx also offers CFDs on energy products, providing exposure to the price movements of commodities like crude oil, natural gas, and other energy derivatives. This allows traders to take positions on the energy market without the need for physical ownership.

Accounts

The Bedafx Standard account is the primary and only account option available for traders. This account is designed to cater to a broad range of traders, from beginners to experienced professionals. To open a Standard account with Bedafx, traders are required to make a minimum deposit of $500. This affordable entry point allows traders with different budgets to get started.

Leverage

Bedafx offers a maximum leverage of 1:400. Leverage essentially allows traders to control larger positions in the market with a smaller amount of capital. In the case of Bedafx, a leverage of 1:400 means that for every $1 in your trading account, you can trade up to $400 in the market.

The high leverage offered by Bedafx can potentially amplify both profits and losses. While leverage allows traders to maximize their potential gains, it is crucial to understand the associated risks. Trading with high leverage significantly increases market exposure and leaves traders vulnerable to abrupt market movements. It's essential to employ risk management strategies such as setting stop-loss orders and managing position sizes accordingly.

Spreads & Commissions

The spread offered by Bedafx for their account starts from 3.3 pips. A spread of 3.3 pips implies that there is a 3.3-pip difference between the buying and selling price of a particular instrument. This cost is applied to each trade and can vary depending on market conditions and the specific instrument being traded. Generally, tighter spreads are considered more favorable for traders as they reduce the cost of entering and exiting positions.

Additionally, it's important to consider any applicable commissions alongside the spread. Some brokers charge commission fees on top of the spread, while others solely rely on spreads to generate revenue.

Besides, due to the unavailable website, there is no access to find out the commission ofBedafx.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
Bedafx	3.3 pips	N/A
TD Direct Investing	0.9 pips	None
Equiti	0.0 pips	$ 3.5 per lot
TrioMarkets	0.3 pips	None

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

Bedafx offers its clients the MetaTrader 4 (MT4) trading platform, which is widely recognized and highly regarded in the industry. The Bedafx MT4 platform features a user-friendly interface that is intuitive and easy to navigate. Traders, both beginners and experienced professionals, can quickly familiarize themselves with the platforms layout and functionality. MT4 platform is available on mobile devices, including smartphones and tablets. This allows traders to access their trading accounts and manage their positions on the go. The mobile platform provides full functionality, enabling traders to monitor the market, place trades, and manage orders from anywhere.

See the trading platform comparison table below:

Broker	Trading Platform
Bedafx	MT4
TD Direct Investing	WebBroker, TD app, thinkorswim
Equiti	MT4, MT5
TrioMarkets	MT4

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: 4000602789 (English)

4000602789 (Chinese)

Email: info@bedafx.cn

support@bedafx.com

Conclusion

In conclusion, Bedafx, a trading platform that previously operated under the license of VFSC, currently lacks valid regulation and oversight from any government or financial authority. Furthermore, the inaccessibility of Bedafx's official website raises suspicions about the platform possibly absconding. These factors significantly increase the risks associated with investing or trading with Bedafx.

Given these circumstances and the reports of difficulties in withdrawing funds, it is strongly advised to exercise extreme caution when considering any involvement with Bedafx.

Frequently Asked Questions (FAQs)

Q 1:	Is Bedafx regulated？
A 1:	No. It has been verified that this broker currently has no valid regulation.

Q 2:	How can I contact the customer support team at Bedafx？
A 2:	You can contact via telephone, 4000602789 (English) and 4000602789 (Chinese) and email, info@bedafx.cn and support@bedafx.com.

Q 4:	Does Bedafx offer the industry leading MT4 & MT5？
A 4:	Yes. It supports MT4.

Q 5:	What is the minimum deposit for Bedafx？
A 5:	The minimum initial deposit to open an account is $500.

Q 5:	Is Bedafx a good broker for beginners？
A 5:	No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.