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BestoFeX

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://thebestofex.com/

Website

Rating Index

Contact

+44 7552923107
support@thebestofex.com
http://thebestofex.com/

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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40G

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Contact number

English

+44 7552923107

Broker Information

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Company Name

BestoFeX Limited

Company Abbreviation

BestoFeX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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BestoFeX · Company Summary

Since BestoFeXs official website (http://thebestofex.com/) is temporarily down, we could only piece together the rough picture of this brokerage house by gathering some relevant information from other websites.

basic-info

General Information

Registered in Saint Vincent and the Grenadines, BestoFeX is newly-established forex broker, claiming to provide easy access to various financial markets, such as currency pairs, commodities, index, stocks, and more. BestoFeX offers the flexibility to choose from thrre trading accounts, with the minimum deposit to invest with this broker starting at $200, the maximum leverage available up to 1:500.

BestoFeX is the trading name of BestoFeX Limited, a St.Vincent and the Grenadines-based company. BestoFeX is just an offshore forex broker under no valid regulation. please be aware of the risk involved.

Account Types

BestoFeX provides three tiered trading accounts to accommodate varying trading needs of different traders, namely Standard, Professional and ECN.

The Standard account is suitable for all types of traders, asking for an initial deposit of $200, which is acceptable. The professional account is designed for professional traders, with the minimum deposit starting at $2,000. The ECN account is ideal for scalpers who pursue superb trading environment, low spreads, and traders who want to try out this account need to fund at least $2,000.

account-types

Leverage

When it comes to leverage, BestoFeX permits traders to use leverage of up to 1:500, which is significantly higher than the levels regarded appropriate by many regulators.

Leverage can also cause serious fund losses, so it is wise to keep your leverage ratio at no more than 10:1 for a beginner.

Spreads

Commissions are not disclosed,

and spreads on the BestoFeX are tied to the type of trading account you have, as is the case with most other forex brokers. The standard account offers average spreads from 0.8 pips, and professional can ECN account offer more competitive spreads from 0.1 pips and 0.0 pips, respectively.

Initial Deposit Bonus

To attract more clients, BestoFeX provides an initial deposit bonus, which means if you make a deposit, you have the chance to get the bonus. Please note that bonus cannot be withdrawn, it can only be for trading.

Trading Platform

BestoFeX provides its clients access to the leading MT5 trading platform and some features and functionalities of the MT5 trading platform include the following:

  • User friendly and high-customized

  • Multiple technical indicators, and robust charting tools

  • Free EA hosting capabilities

  • Web and mobile trading support

Customer Support

Traders can reach out to EMD Forex about any questions or concerns they may have about their accounts or their trading through the following methods:

Telephone: +44 7552923107

Email: support@thebestofex.com

Or you can follow this brokerage house Facebook.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

User Reviews

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2

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LINGYI
more than one year
Oops, I have to spit on this brokerage company. BestoFeX's customer service is a nightmare. They couldn't solve my problems and kept me waiting. The trading platform is also not bad, sometimes there are strange mistakes, and my mentality is broken. It was a waste of my time and energy, and I felt completely untrustworthy.
2023-04-23 17:45
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0
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耳东王大可
more than one year
The company's website is down. My friend once advised me not to deal with any financial company registered in St. Vincent and the Grenadines and I think he was right.
2022-12-07 11:07
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