Company Summary
BullFX is a Forex broker that trades via MT4 and offers a variety of payment methods. However, the minimum deposit is $1000, which makes many traders hesitant.
Pros and Cons
| Pros | Cons |
| Various payment methods | High minimum deposit: $1000 |
| Popular trading platform MT4 | High spreads: from 1.6 pips |
| Multiple tradable assets | No regulation |
Is BullFx Legit?
Bull Prime Limited established the broker with business registration number 014720 and asserts that the broker is regulated in Vanuatu under the local Vanuatu Financial Services Commission (VFSC). However, the broker is not regulated by ESMA or the FSA and the VFSC has no information about it.
What Can I Trade on BullFx?
BullFx offers six tradable assets. Traders can enhance their returns through diversification.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Options | ❌ |
Account Type
Standard, ECN, and Professional accounts, as well as demo accounts, are available from BullFx.
A standard account is the best choice for those who are just beginning to trade.
ECN accounts are used by traders who invest in the long term.
Professional trading accounts are intended for bold traders.
BullFx Fees
BullFx fees are higher than the industry average.
| Account Type | Minimum Deposit | Spread |
| Standard | $1,000 | From 1.8 pips |
| ECN | $5,000 | From 1.6 pips |
| Professional | $10,000 | From 1.6 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4/5 | ✔ | Windows | Beginners |
Deposit and Withdrawal
BullFx requires a deposit fee and a withdrawal fee. The minimum deposit is $1,000.
Deposit Options
| Deposit Options | Min. Deposit | Processing Time |
| Bank Wire Transfer | $1,000 | 1-5 days |
| Credit/Debit Cards | $1,000 | 1-5 days |
| Moneybookers (Skrill) | $1,000 | 1-5 days |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Processing Time |
| Bank Wire Transfer | $1,000 | 1-5 days |
| Credit/Debit Cards | $1,000 | 1-5 days |
| Moneybookers (Skrill) | $1,000 | 1-5 days |
Customer Service
| Contact Options | Details |
| Phone | (+60) 1-800-81-7242 |
| support@thebullfx.com | |
| Support Ticket System | ❌ |
| Online Chat | 7/24 |
| Social Media | Linkedin, Twitter, Facebook |
| Supported Language | English |
| Website Language | English |
| Physical Address | Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent, and the Grenadines |
The Bottom Line
BullFx offers various payment methods, making transactions easier and more efficient. However, traders must consider unregulated and high fees before choosing a broker. Therefore, this trader is more suitable for those bold traders.
FAQs
Is BullFx safe?
BullFX is a Forex broker without regulation, so it is not safe.
Is BullFx a good for beginners?
No, BullFx doesn't provide free educational resources that customers can't learn from.
Is BullFx good for day trading?
No, the minimum deposit is $1,000, which is higher than the industry average.
