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BLH Forex

Australia|1-2 years|
Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://blhweb.top/

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https://blhweb.top/

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Warning: Low score, please stay away! 4
Previous Detection : 2024-07-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0555971) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0556811) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

BLH Forex · WikiFX Survey

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BLH Forex · Company Summary

BLH Forex Basic Information
Company Name BLH Forex
Founded Not specified
Headquarters Australia
Regulations Unregulated
Tradable Assets Cryptocurrencies, Forex, Indices, Commodities, Stocks, Equities, Global Indices
Account Types Not specified
Minimum Deposit Not specified
Maximum Leverage 1:100
Spreads Not specified
Commission 0 commission
Deposit Methods Not specified
Trading Platforms FX6 Trading Platform (PC, Android, iOS)
Customer Support Email: blhforex123@gmail.com, WhatsApp: +81 8092876777
Education Resources Beginner's guides
Bonus Offerings Not specified

Overview of BLH Forex

BLH Forex is an unregulated trading provider based in Australia. The company offers a wide range of tradable assets, including cryptocurrencies, forex, indices, commodities, stocks, equities, and global indices. While specific details about account types and minimum deposits are not provided, BLH Forex operates with a maximum leverage of 1:100 and charges zero commissions on trades. The deposit methods and spreads are not specified, and the trading platform offered is the FX6 Trading Platform, available for PC, Android, and iOS devices. Customer support can be contacted through email and WhatsApp, and beginner's guides are available as educational resources. No information is given regarding bonus offerings.

BLH Forex operates as an unregulated trading provider, which means it lacks oversight and regulatory protection. While the company offers a diverse range of tradable assets and a user-friendly trading platform, traders should be aware of the risks associated with dealing with an unregulated broker. Limited information on account types, spreads, and deposit methods may impact transparency and decision-making. Traders are advised to carefully consider the pros and cons before engaging with BLH Forex as their trading provider.

basic-info

Is BLH Forex Legit?

BLH Forex is not regulated by any valid regulatory authority. This means that the broker operates without oversight or supervision from a regulatory body. It is important to note that trading with an unregulated broker carries inherent risks, as there is no guarantee of fair practices or investor protection.

Specifically, BLH Forex does not hold a valid license from the United States National Futures Association (NFA). The regulatory status of the broker is classified as unauthorized by the NFA. Furthermore, the broker exceeds the business scope regulated by the NFA, specifically the National Futures Association-UNFX Non-Forex License.

Additionally, it is worth noting that the current information indicates that BLH Forex does not have a trading software available. This lack of trading software can impact the functionality and reliability of the trading platform.

Considering the absence of regulation, abnormal regulatory status, and lack of trading software, it is important for traders to exercise caution and be aware of the associated risks when dealing with BLH Forex.

regulation

Pros and Cons

BLH Forex offers a diverse range of tradable assets, beginner-friendly educational resources, and a user-friendly trading platform. They do not charge commissions on trades and provide customer support via email and WhatsApp. However, as an unregulated trading provider, there is a lack of oversight and investor protection. Information on account types, minimum deposits, spreads, and deposit methods is limited. The availability of bonus offerings and the clarity of the trading software are also unclear. Traders should consider these pros and cons before choosing BLH Forex as their trading provider.

Pros Cons
Diverse range of tradable assets, including cryptocurrencies, forex, indices, commodities, stocks, equities, and global indices. Unregulated trading provider, lacking oversight and investor protection.
Beginner-friendly educational resources and guides. Limited information on account types.
No commission charges on trades. Unclear spreads and deposit methods.
User-friendly FX6 Trading Platform with educational videos, risk management tools, and real-time market updates. No information on bonus offerings.
Customer support available via email and WhatsApp. Lack of clarity on the trading software available.

Trading Instruments

At BLH Forex, the trading instruments offered cater to professional traders with a focus on cryptocurrencies. Their crypto trading platform utilizes a unique price aggregation system, making it appealing to experienced traders. The Electronic Communication Network (ECN) account option provides a cost-effective way of trading, ensuring favorable market conditions for users.

One of the advantages of trading with BLH Forex is the ability to diversify one's portfolio across different assets. While they are primarily a cryptocurrency broker, they also provide trading opportunities in other markets, including forex, stocks, equities, global indices, and commodities.

market-instruments

Here is a comparison table of trading instruments offered by different brokers:

Trading Instruments BLH Forex IG Group Just2Trade Forex.com
CFDs No No No Yes
Forex Yes Yes No Yes
Indices Yes Yes No Yes
Commodities Yes Yes No Yes
Futures No Yes Yes Yes
Cryptocurrencies Yes Yes No Yes
ETFs No Yes Yes No
Shares Yes Yes No No
Options No Yes Yes Yes
Spread Betting No Yes No No
Stocks Yes No Yes Yes
ADRs No No Yes No
Bonds No No Yes No

How to Open an Account?

When you click on the “START TRADING” button on the BLH Forex website, if you are directed to a blank page, it is recommended to contact their customer support for assistance. This blank page may indicate a technical issue or temporary unavailability of the trading platform. By reaching out to their customer service, you can inform them about the problem and seek their guidance to resolve the issue and proceed with your trading activities. They will be able to provide you with the necessary support and ensure that you can access the trading platform seamlessly.

Leverage

BLH Forex provides a range of trading opportunities with different leverage options. For professional traders using the crypto trading platform, the leverage ratio is set at 1:3. This allows traders to control a position that is three times the size of their invested capital, providing potential for amplified profits or losses.

In addition to crypto trading, BLH Forex offers other trading instruments such as London gold, Gold T + D, paper gold, and physical gold. The leverage ratios for these products are as follows:

London gold: Traders can access a leverage ratio of 100 times, allowing them to control a significantly larger position in the gold market compared to their invested capital.

Gold T + D (Time + Deposit): This product offers a leverage ratio of about 12.5x. Traders can amplify their trading positions by a factor of 12.5, potentially increasing their profits or losses accordingly.

Paper gold and physical gold: These trading options do not involve leverage. Traders operate without leverage, meaning they trade with the actual value of their invested capital without any additional borrowing power.

leverage

It's important to note that leverage can enhance trading opportunities, but it also carries inherent risks. Traders should exercise caution, have a thorough understanding of leverage, and employ proper risk management strategies to mitigate potential losses.

Here is a comparison table of maximum leverage offered by different brokers:

BLH Forex IG Group Just2Trade Forex.com
Maximum Leverage 1:100 1:30 1:20 1:200

Spreads and Commissions (Trading Fees)

While specific information about spreads is not mentioned, the broker emphasizes that it offers a transaction cost of 0 commission. This means that clients can execute trades without incurring additional charges based on the commission structure. Furthermore, BLH Forex claims to have the lowest warehouse interest expenses in the industry, indicating that clients may benefit from lower costs associated with holding positions overnight. It is recommended to reach out to BLH Forex directly or consult their website for more detailed information on spreads and any other trading-related costs.

Non-Trading Fees

BLH Forex offers a transparent fee structure with a focus on non-trading fees. When it comes to account opening, clients can open simulated and real investment accounts without any cost, ensuring easy access to the trading platform.

In terms of settlement, BLH Forex implements a fixed settlement exchange rate, aiming to reduce investment costs and minimize risks associated with fluctuating exchange rates during the settlement process. This feature provides stability and predictability to clients when it comes to the financial aspects of their trades.

To access information about overnight interest rates, clients can refer to the FX6 platform. By navigating to the market observation section, they can right-click on a specific product and select the specifications option. A new window will open, displaying the relevant overnight interest rate for that particular product.

It is important to note that overnight interest charges for positions held on Wednesday differ from other days. Specifically, the amount increased or decreased due to the overnight interest charged on Wednesday nights is three times the usual amount. This is done to account for the extension period on Wednesday nights, which covers the settlement of weekend transactions. As the market remains closed during the weekend, no overnight interest is charged during that time.

For more detailed information and clarification on non-trading fees, it is advisable to contact BLH Forex directly or consult their platform for comprehensive fee schedules and policies.

Trading Platforms

BLH Forex provides traders with the FX6 Trading Platform, which offers several features to enhance the trading process. The platform includes educational videos to help traders improve their knowledge and skills. It also incorporates risk control functions such as stop loss and profit, allowing traders to manage their risks effectively.

The FX6 Trading Platform is designed to be user-friendly, with a simple operation and flexible ordering system. It provides immediate feedback on market movements, enabling traders to stay informed about real-time changes and make timely trading decisions. The platform has clear and intuitive price icons, making it easy for traders to understand market prices and trends.

In terms of installation, the FX6 Trading Platform is conveniently available for download on PC, Android, and iOS devices. It is designed to have a small occupation of system resources, ensuring smooth performance on various devices.

Overall, the FX6 Trading Platform offered by BLH Forex aims to provide traders with a reliable and accessible trading experience, with educational resources, risk management tools, and intuitive features for efficient trading operations.

tarding-platform

Customer Support

BLH Forex provides customer support services to assist their clients in their trading activities. They offer one-on-one customer service and professional analysis guidance, aiming to ensure a positive investment experience for each customer.

Clients can contact BLH Forex through email at blhforex123@gmail.com or via WhatsApp at +81 8092876777. These communication channels allow customers to reach out for assistance, ask questions, or seek guidance related to their trading.

The company is located at FLOOR 1 OFFICE 25 22 MARKET SQUARE LONDON UNITED KINGDOM E14 6BU, providing customers with their physical address for reference.

By offering personalized support and accessible communication channels, BLH Forex aims to provide a satisfactory level of customer support and address any inquiries or concerns that clients may have.

customer-support

Educational Resources and Community Support

BLH Forex offers educational resources and community support to assist traders in expanding their knowledge and skills in the financial markets. Their educational resources include beginner's guides on topics like precious metals trading and chart time adjustments. They also provide information on checking overnight interest and address common queries regarding account validation and cryptocurrency transaction security. The community support aspect allows traders to connect with each other, fostering a sense of community where they can share experiences and learn from one another. These resources and support aim to empower traders and contribute to their trading success.

educational-resources

Trading Tools

BLH Forex provides traders with access to an Economic Calendar as one of its essential trading tools. The Economic Calendar is a valuable resource that displays upcoming economic events, announcements, and data releases from various countries around the world. These events can have a significant impact on the financial markets, influencing the prices of currencies, stocks, commodities, and other assets.

By using BLH Forex's Economic Calendar, traders can stay informed about key economic indicators such as GDP reports, employment data, inflation rates, central bank decisions, and more. The calendar typically includes the date and time of each event, the country or region involved, the expected outcome, and the previous data for comparison.

Having this information readily available allows traders to plan their strategies and make informed decisions based on the potential market impact of upcoming economic events. It is particularly useful for those engaged in fundamental analysis, as they can align their trading positions with the expected market movements resulting from these events.

trading-tools

Conclusion

In conclusion, BLH Forex offers a diverse range of tradable assets and provides beginner-friendly educational resources through its user-friendly FX6 Trading Platform. The absence of commission charges on trades and the availability of customer support via email and WhatsApp are additional advantages. However, as an unregulated trading provider, there is a lack of oversight and investor protection. Limited information on account types, minimum deposits, spreads, deposit methods, bonus offerings, and the trading software creates uncertainty. Traders should carefully consider these pros and cons before deciding to trade with BLH Forex.

FAQs

Q: Is BLH Forex a regulated trading provider?

A: No, BLH Forex is an unregulated trading provider and does not operate under the oversight of any regulatory authority.

Q: What types of assets can I trade with BLH Forex?

A: BLH Forex offers a diverse range of tradable assets, including cryptocurrencies, forex, indices, commodities, stocks, equities, and global indices.

Q: Does BLH Forex charge commissions on trades?

A: No, BLH Forex does not charge any commissions on trades.

Q: What trading platform does BLH Forex provide?

A: BLH Forex offers the FX6 Trading Platform, which is available on PC, Android, and iOS devices. However, specific information about the trading software is not provided.

Q: How can I contact customer support at BLH Forex?

A: You can reach BLH Forex customer support via email at blhforex123@gmail.com or through WhatsApp at +81 8092876777.

Broker Information

Company Name

BLH Forex

Abbreviation

BLH Forex

Regulatory Status

Suspicious Clone

Platform registered country and region

Australia

Company website
Phone of the company

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Company Summary

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