BullishFX

General Information & Regulation

BullishFX is a forex and CFD provider, offering trading solutions for active day traders and Scalpers as well as news beginners to the forex markets. There is no evidence that BullishFX is subject to any regulation.

Market Instruments

BullishFX offers trading in forex, CFDs, stock, cryptocurrency, metals, indices, commodities, futures, shares, energies and bonds.

Minimum Deposit

The minimum initial deposit for the Classic account is $100. The other accounts start at $1,000, 2,500 and 5,000 respectively.

Leverage

The maximum trading leverage offered by BullishFX is relatively high, reaching up to 1:500. High leverage can bring big win but it can also signify big loss. Given the fact that in forex trade around 70% of traders lose money in transactions, we expect the latter to happen rather than the former. Please avoid brokers with such high leverage as it hides a lot of risks for your hard-earned money. Instead look for brokers in EU that have a leverage restriction which cannot exceed 1:30 or US brokers that cannot exceed 1:50 in leverage.

Spreads & Commissions

In the account information, we find out that the spread for the Classic account is 1.9 pips which could be still seen as within normal boundaries.

Inactivity Fees

For dormant account that have been inactive for more than 3 months, the company charges a monthly fee of $99.90 which we find rather high (almost as high as the minimum initial deposit).

Trading Platform Available

When it comes to trading platform available, BullishFX offers its traders both MT4 and MT5 trading platform, as well as cTrader.

Deposit & Withdrawal

Among the many payment methods that the company offers, we can mention Bitcoin, Neteller, Skrill, PayPal, MasterCard, VISA, American Express, Discover Network, Western Union and MoneyGram. There are no fees on deposits and withdrawals and processing time is between instrnat to 2 hours or 2 business days.

Trading Hour

The trading hours for all currency pairs is 00:01 server time to 23:59 server time daily (23:57 on Friday), whereas for Gold is 01:02 server time to 23:57. All other Metals (XAG, XPD, XPT) open for trading at 01:00 server time (Monday) and close at 23:59 server time daily (23:57 on Friday).

Customer Support

The BullishFX customer support can be contacted via telephone or email. We cannot comment on the response rate of this company. They dont have client feedback, which is a worrisome factor.