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1.40 /10



2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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License Index 0.00
Business Index 6.18
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
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No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2023-06-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

BFX TRADING · Company summary

Note: Since BFX TRADINGs official website ( cannot be open at the moment, we could only piece together this brokerage firm by gathering some relevant information from some websites.

Risk Warning

Trading derivatives and leveraged products carry a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone.

Please note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Information
Registered Country/Region China
Regulation unregulated
Market Instrument N/A
Account Type Mini, Silver, Gold and Platinum
Demo Account N/A
Maximum Leverage N/A
Spread N/A
Commission N/A
Trading Platform N/A
Minimum Deposit $300
Deposit & Withdrawal Method N/A

BFX TRADING is supposed to be an offshore forex broker, with the company behind it and its founding time not disclosed to all. Since this brokers website cannot be opened, for now, we could only get minimal information.

Please note that it has been verified that BFX TRADING is not authorized or regulated by any regulatory authorities, and it got a low score of 1.38/10 on WikiFX. Although this does not necessarily mean that it is a scam, investors are advised to take extra vigilance and be aware of the risk involved.

General Information & Regulation

Note: The screenshot date is February 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Account Types

Four trading accounts are available with the BFX TRADING platform, namely Mini, Silver, Gold and Platinum. To open a Mini account, the most basic one, you need to fund at least $300 into your account, which is slightly more than what most regular traders can afford, as many peers only require $100 or even less to open a mini account.

The Silver account requires a minimum initial deposit of $500 and the Gold account asks for an account balance of as little as $1500. The Platinum account requires traders to at least fund $2500 into this account.

Unfortunately, additional account features, such as account services, leverage, trading tools available, and more, are not disclosed.

Customer Support

Traders with any inquiries or any trading-related problems can only get access to customer support through its email support: However, this broker doesnt disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple account types to choose from • No regulation
• Website inaccessible
• High minimum deposit ($300)

Frequently Asked Questions (FAQs)

Q 1: Is BFX TRADING regulated?
A 1: No. It has been verified that BFX TRADING currently has no valid regulation.
Q 2: What is the minimum deposit for BFX TRADING
A 2: The minimum initial deposit to open an account is $300.
Q 3: Is BFX TRADING a good broker for beginners?
A 3: No. BFX TRADING is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high initial deposit requirement.

User Reviews

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more than one year
As a trader who has used BFX TRADING, I must say that their mini account deposit requirement is unreasonably high. Furthermore, the trading platform they offer lacks reliability, which makes executing trades a risky and frustrating experience. Additionally, withdrawing funds from my account proved to be quite challenging, which was a major inconvenience. Overall, I would not recommend BFX TRADING.
2023-03-21 10:22
more than one year
Their site is always inaccessible suddenly and their customer service is not prompt... I think BFX TRADING should learn from other brokers in the market, they should maintain their services otherwise they will face problems due to high competition.
2023-03-13 10:53
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