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No valid regulatory information, please be aware of the risk!
Since BSB GLOBAL's official website (http://ww1.bsb-global.io/)is now down, we had to resort to scouring other websites for relevant information in order to construct a rough picture of the company's forex broker operations.
BSB GLOBAL presents itself as an online forex broker providing various classes of trading instruments, such as Forex, Commodities, Indices, Precious Metals, and Stocks.
Concerning regulation, BSB GLOBAL is an offshore broker, operated by Lotens Partner LTD, A company under no valid regulation. Please be aware of the risk.
With the BSB GLOBAL platform, investors are provided the opportunity to a series of trading instruments, such as Forex, Commodities, Indices, Precious Metals, Stocks.
A total of six types of trading accounts are on offer: Mini, Classic, Classic+, Pro, VIP, and Platinum.
The minimum initial deposit required by each account is quite high in comparison to its competitors, with the Mini account from $1,000, the Classic account from $2,500, the Classic+ account from $5,000, the Pro account from $10,000, the VIP account from $50,000, and the Platinum account from $100,000.
Obviously, BSB GLOBAL, this unregulated forex broker, is ready to defraud investors by asking for high deposits at the very first.
Trading leverage varies depending on different types of trading accounts, ranging from 1:20 to 1:200. Problematically, BSB Global allows its clients to use leverage of up to 1:200, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
BSB Global says it offers spreads starting from 3-4 pips on the Mini account and the Classic account, which is more than twice higher than the average in the sector. The spreads offered by the Pro, VIP and Platinum accounts are from 2 pips, 1 pip, and 0.7 pips, respectively.
BSB Global provides access to the MT4 trading platform. The trading terminal remains the preferred choice for most FX traders (and brokers) globally, as it provides a full array of trading tools and features, robust charting package, over 50 built-in technical indicators, wide range of Expert Advisors (EAs), the option to create your own indicators and EAs, and extensive back-testing options for them.
The minimum deposit to invest with this broker is $1,000, and this broker allows its clients to make a deposit and withdrawal through Credit Cards/Debit Card, VISA, MasterCard. Bear in mind that VISA, and MasterCard increased the previous time period of six months for filling a chargeback to a year and a half.
If clients have any inquiries or trading-related issues, they can get in touch with BSB Global through the following contact channels:
Telephone: +44 203-519-71-48
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
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