Cambodia|2-5 years| https://www.bicmarkets.com.kh/
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BIC Markets
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WikiFX Data provide| BIC Markets | Basic Information |
| Company Name | BIC Markets |
| Founded | 2018 |
| Headquarters | Cambodia |
| Regulations | SERC(Exceeded) |
| Tradable Assets | Forex, Metals, Energy, Indices |
| Account Types | No commission account |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:100 |
| Spreads | Starting from 2 points |
| Commission | None |
| Deposit Methods | Bank wire, Credit/Debit card, Skrill, Neteller |
| Trading Platforms | MetaTrader 4 (MT4) |
| Customer Support | Phone: +855-023 966 669Email: info@bicmarkets.com.khFacebook: B.I.C Markets CambodiaOnline chat |
| Education Resources | Market analysis, Seminars, Webinars, Trading contests |
| Bonus Offerings | None |
BIC Markets, established in 2018 and headquartered in Cambodia, is a dynamic financial brokerage offering an array of trading opportunities in Forex, metals, energy, and indices. Known for its “no commission account” model, it aims to cater to a diverse client base with varying levels of trading experience. Despite its innovative approach and commitment to accessibility, with features like a minimum deposit of $100 and maximum leverage of 1:100, BIC Markets navigates challenges related to regulatory compliance. The firm operates under the oversight of the Cambodia Securities Exchange Commission (SERC), yet it has extended its business scope beyond what is permitted by its license, presenting a noteworthy risk factor for potential traders.
BIC Markets is regulated by the Cambodia Securities Exchange Commission (SERC) under the Common Financial License Non-Forex License with license number 011. Traders can have confidence in the oversight provided by the regulatory authority in Cambodia, ensuring adherence to established financial standards and investor protection measures.
BIC Markets presents an attractive option for traders with its commission-free trading, variety of deposit options, and accessible minimum deposits. The provision of MetaTrader 4, along with a wide range of educational materials, supports both new and experienced traders in their investment journeys. Additionally, the broad array of customer support channels ensures that users have access to assistance when needed. However, the significant concern arises from the brokerage exceeding its regulated business scope as outlined by its SERC license, highlighting a critical risk factor. Furthermore, the absence of bonus offerings might detract from its appeal to certain traders looking for additional trading incentives. While BIC Markets offers several advantages, potential clients should carefully consider the implications of its regulatory exceedance before engaging in trading activities.
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BIC Markets provides a wide range of trading instruments, including Forex, metals, energy, and indices.
Here is a comparison table of trading instruments offered by different brokers:
| Broker | Forex | Metals | Crypto | CFD | Indexes | Stocks | ETFs |
| BIC Markets | Yes | Yes | No | No | Yes | No | No |
| AMarkets | Yes | Yes | No | Yes | Yes | Yes | No |
| Tickmill | Yes | Yes | Yes | Yes | Yes | Yes | No |
| EXNESS Group | Yes | Yes | Yes | Yes | Yes | Yes | No |
BIC Markets offers account types with no commission fees. Clients can open accounts with as little as $100 and enjoy trading without any markups. Additionally, accounts come with the option to trade with leverage up to 1:100 and access various trading instruments including Forex, metals, energy, and indices. The platform supports MetaTrader 4, WebTrader, and mobile trading, providing flexibility and convenience to traders.
To open an account with BIC Markets, follow these steps.
Visit the BIC Markets website. Look for the “Open Account” button on the homepage and click on it.
Sign up on websites registration page.
Receive your personal account login from an automated email
Log in
Proceed to deposit funds to your account
Download the platform and start trading
BIC Markets offers a maximum leverage of 1:100 for trading, allowing traders to amplify their potential profits or losses by up to 100 times their initial investment.
Here is a comparison table of maximum leverage offered by different brokers:
| Broker | BIC Markets | Libertex | IC Markets | RoboForex |
| Maximum Leverage | 1:100 | 1:30 | 1:500 | 1:2000 |
BIC Markets does not charge commissions on trades. Instead, it offers spreads starting from 2 points, which may vary depending on market conditions and the type of trading instrument being traded.
BIC Markets offers various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, and online payment processors such as Skrill and Neteller.
BIC Markets offers the MetaTrader 4 (MT4) trading platform, providing traders with a user-friendly and feature-rich interface for executing trades.
BIC Markets offers customer support through various channels:
Phone: +855-023 966 669
Email: info@bicmarkets.com.kh
Facebook: B.I.C Markets Cambodia
Online chat support is also available for immediate assistance.
BIC Markets provides a range of educational content, including expert market analysis, seminars, webinars, and trading contests, to inform and enhance the skills of traders in the financial markets.
In conclusion, BIC Markets emerges as a brokerage with compelling features designed to attract a broad spectrum of traders through its no-commission accounts, diverse trading instruments, and a strong educational and support framework. Its commitment to accessibility, demonstrated by a low minimum deposit requirement and the use of the MetaTrader 4 platform, aligns with the needs of both novice and experienced traders. However, the critical concern regarding its regulatory compliance, specifically the exceedance of its licensed business scope, casts a shadow over its otherwise attractive offerings. This discrepancy underlines the importance of diligence and caution among potential clients, emphasizing the need for traders to weigh the benefits of BIC Markets' services against the potential risks associated with its regulatory status.
Q: What trading platforms does BIC Markets offer？
A: BIC Markets offers the MetaTrader 4 (MT4) trading platform.
Q: How can I deposit funds into my BIC Markets account？
A: You can deposit funds via bank wire, credit/debit cards, Skrill, and Neteller.
Q: What is the minimum deposit required to open an account with BIC Markets？
A: The minimum deposit required to open an account is $100.
Q: Does BIC Markets offer educational resources for traders？
A: Yes, BIC Markets provides a range of educational resources including market analysis, seminars, webinars, and trading contests.
Q: Is BIC Markets regulated？
Yes, BIC Markets is regulated by the Cambodia Securities Exchange Commission (SERC). However, it's important to note that while it holds a regulatory status, there have been concerns regarding BIC Markets extending its services beyond the scope allowed by its license.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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2024-03-15 10:17
