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Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|


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+44 7593363209


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Broker Information


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Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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BQIT-Finance · Company Summary

Aspect Information
Registered Country/Area Saint Vincent and the Grenadines
Company Name BQIT-Finance
Regulation Unregulated
Minimum Deposit Varies by account type
Maximum Leverage Up to 1:400
Spreads Vary by account type and are not specified
Trading Platforms MetaTrader 5 (MT5)
Tradable Assets Forex, Precious Metals, Cryptocurrencies
Account Types VIP Trader, Elite Trader, Premium Trader, Standard Trader, Active Trader, Micro Trader
Demo Account Available
Islamic Account Not specified, but commonly offered
Customer Support Email
Payment Methods Visa, Mastercard, Wire Transfer, Cryptocurrencies
Educational Tools No
Website Functionality Website functionality appears to be non-operational


BQIT-Finance, an unregulated broker based in Saint Vincent and the Grenadines, raises significant concerns in multiple aspects. Its lack of regulatory oversight poses potential risks for traders, including questions about transparency and financial stability. While it offers a range of account types and a high maximum leverage of up to 1:400, the absence of specified spreads and educational tools is a notable drawback. Furthermore, customer support primarily relies on email communication, potentially resulting in delays in addressing trader inquiries. The functionality of its website is also a cause for concern, as it appears to be non-operational. Traders should exercise extreme caution and consider alternative options with better regulatory oversight and a more robust support and educational infrastructure.



BQIT-Finance is an unregulated broker, which means it operates without oversight from financial regulatory authorities. Unregulated brokers like BQIT-Finance may not adhere to the same stringent standards and guidelines that regulated brokers are required to follow. This lack of oversight can pose significant risks to investors and traders, as there is no guarantee of the broker's financial stability, transparency, or fair business practices. Investors should exercise caution when considering such brokers and carefully research their background, customer reviews, and the legal protections available in case of disputes or issues with the broker. Engaging with an unregulated broker may entail a higher level of risk, and it is advisable to opt for regulated alternatives that offer greater protection and accountability.


Pros and Cons

Pros Cons
  • Offers access to various markets, including Forex, precious metals, and cryptocurrencies.
  • Operates as an unregulated broker, lacking oversight from financial regulatory authorities.
  • Provides a range of account types to cater to traders with varying capital and preferences.
  • Absence of educational resources, limiting opportunities for skill enhancement.
  • Offers high leverage of up to 1:400, allowing traders to control larger positions with smaller capital.
  • Limited customer support options, with a reliance on email communication.
  • Supports multiple deposit methods, including Visa, Mastercard, wire transfer, and cryptocurrencies.
  • The website's functionality appears to be non-operational, raising concerns about reliability.

BQIT-Finance presents a mixed profile of pros and cons for traders to consider. On the positive side, it offers access to various markets and a range of account types to accommodate different trading preferences. Additionally, high leverage and multiple deposit methods are available. However, significant drawbacks include the lack of regulation, absence of educational resources, and limited customer support options, primarily relying on email communication. Furthermore, concerns arise due to the non-operational website, raising questions about the broker's reliability. Traders should carefully weigh these factors when evaluating BQIT-Finance as a potential trading platform.

Market Instruments

BQIT-Finance is a financial brokerage firm that specializes in offering a range of market instruments to traders and investors. These instruments include forex (foreign exchange), precious metals, and cryptocurrencies.

  1. Forex (Foreign Exchange): BQIT-Finance provides access to the forex market, allowing clients to trade various currency pairs. The forex market is the largest financial market globally, where participants can speculate on the price movements of different currencies. Traders can take advantage of the fluctuations in exchange rates to potentially profit from currency movements.

  2. Precious Metals: This broker also offers trading opportunities in precious metals such as gold, silver, platinum, and palladium. Precious metals are considered safe-haven assets and are often sought after as a store of value during times of economic uncertainty. Traders can buy and sell these metals to benefit from their price fluctuations.

  1. Cryptocurrencies: BQIT-Finance enables clients to trade cryptocurrencies, which are digital or virtual currencies that use cryptography for security. Cryptocurrencies like Bitcoin, Ethereum, and Ripple have gained popularity as alternative investments. Traders can speculate on the price movements of these digital assets in a highly volatile market.

It's important to note that while BQIT-Finance offers these market instruments, the fact that it is an unregulated broker, as mentioned earlier, means that clients should exercise caution and conduct thorough research before engaging with the platform. Unregulated brokers may lack the investor protection and oversight provided by regulatory authorities in the financial industry, potentially exposing traders to higher levels of risk. Therefore, individuals considering BQIT-Finance or similar unregulated brokers should carefully evaluate their risk tolerance and consider alternative options with regulatory oversight for added security and peace of mind.

Account Types

BQIT-Finance offers a diverse range of account types to cater to the varying needs and preferences of traders. The first tier is the VIP Trader account, designed for high-net-worth individuals and experienced traders. With a high maximum leverage of 1:200 and a substantial minimum deposit requirement of $50,000, this account type offers the potential for lower spreads, providing an attractive option for those with significant capital at their disposal.

The Elite Trader account is the next level, offering a maximum leverage of 1:200 and a minimum deposit requirement of $20,000. While the minimum spread starts from 0.1 pips, this account is suitable for traders who possess substantial capital but may not meet the criteria for the VIP Trader account.

For traders seeking a balance between leverage and spreads, the Premium Trader account requires a minimum deposit of $5,000 and provides a maximum leverage of 1:200, with spreads starting from 1.2 pips. This account type is aimed at traders with a moderate amount of capital.

Moving down the tiers, the Standard Trader account offers higher leverage at 1:300 but requires a minimum deposit of $1,000. Spreads start from 1.6 pips, making it a fitting choice for traders with more modest initial investments.

The Active Trader account lowers the minimum deposit requirement to $500, while maintaining competitive leverage at 1:300. Spreads start from 2.1 pips, catering to traders who want to start with a lower initial deposit and are comfortable with slightly wider spreads.

Lastly, the Micro Trader account is designed for beginners or those with minimal capital. With a minimum deposit of $100 and a maximum leverage of 1:400, it provides accessibility to the markets, albeit with wider spreads starting from 2.6 pips.

Traders should carefully consider their financial goals, risk tolerance, and trading experience when selecting the most appropriate account type. Additionally, they should seek clarification from the broker regarding specific details such as supported Expert Advisors (EAs) and any associated commissions. It's essential to make an informed choice to align the chosen account type with one's trading strategy and financial circumstances.



BQIT-Finance offers a maximum trading leverage of up to 1:400. Leverage in trading refers to the ability to control a larger position in the market with a relatively smaller amount of capital. In this case, a leverage of 1:400 means that for every $1 in your trading account, you can control a trading position worth up to $400 in the market.

High leverage can amplify both potential profits and potential losses. While it allows traders to potentially magnify their gains with a smaller initial investment, it also exposes them to increased risk. Therefore, using high leverage requires careful risk management and a solid understanding of the markets.

Traders should be aware that higher leverage levels can lead to significant financial losses if market movements go against their positions. It's crucial to use leverage wisely, set stop-loss orders, and have a risk management strategy in place to protect your trading capital. Additionally, traders should ensure they are comfortable with the level of leverage offered by their broker and that it aligns with their trading objectives and risk tolerance.

Spreads and Commissions

BQIT-Finance offers a range of trading accounts tailored to suit traders with varying capital levels and preferences. Spreads and commissions vary across these accounts:

  • The VIP Trader Account offers incredibly tight spreads from 0.0 pips, but specific commission details are not provided. It caters to high-net-worth individuals with a minimum deposit of $50,000.

  • The Elite Trader Account provides competitive spreads starting from 0.1 pips, with commission details also unspecified. It requires a minimum deposit of $20,000.

  • With the Premium Trader Account, traders can start with a minimum deposit of $5,000. Spreads begin at 1.2 pips, and commissions are not explicitly mentioned.

  • The Standard Trader Account features spreads starting from 1.6 pips, with commission information not disclosed. It requires a minimum deposit of $1,000.

  • The Active Trader Account offers accessibility with a lower minimum deposit of $500 but comes with spreads starting at 2.1 pips. Commission details are not specified.

  • Beginners and traders with minimal capital can opt for the Micro Trader Account, which has a minimum deposit of $100. However, spreads are wider at 2.6 pips, and commission details are not provided.

Traders should review the broker's fee structure, including spreads and commissions, and consider how these factors align with their trading goals and budget. Keep in mind that spreads can fluctuate based on market conditions, and commission policies may vary among brokers. Careful evaluation is crucial for managing trading costs effectively.

Deposit & Withdrawal

BQIT-Finance offers a variety of deposit and withdrawal methods to accommodate the preferences of its clients:


  1. Visa and Mastercard: Clients can fund their trading accounts using Visa and Mastercard credit or debit cards. These methods offer convenience and speed, allowing traders to deposit funds quickly.

  2. Wire Transfer: Wire transfer is a traditional and widely accepted method for depositing funds into trading accounts. It involves transferring money directly from a bank account to the trading account. While it may take a bit longer to process compared to card payments, it is a secure and reliable option.

  3. Crypto: BQIT-Finance also supports cryptocurrency deposits. Traders can deposit funds using various cryptocurrencies, which may include Bitcoin, Ethereum, or other digital assets. Crypto deposits offer the advantage of quick transactions and may appeal to those who prefer using digital currencies.


Withdrawal methods generally mirror the deposit options, with some considerations:

  1. Visa and Mastercard: Traders can often withdraw funds back to their Visa or Mastercard if the broker permits this method. However, it's essential to check with BQIT-Finance regarding the withdrawal process and any associated fees or restrictions.

  2. Wire Transfer: Withdrawals via wire transfer are a standard option. Clients can request funds to be transferred to their linked bank accounts. Processing times may vary, and there could be fees associated with international bank transfers.

  3. Crypto: If traders deposited funds using cryptocurrencies, they may also have the option to withdraw in the same digital currency. Crypto withdrawals tend to be faster and may have lower fees compared to traditional banking methods.

It's crucial for traders to review BQIT-Finance's specific policies and fees related to depositing and withdrawing funds. Additionally, they should consider their own preferences, geographical location, and any potential currency conversion fees when choosing the most suitable deposit and withdrawal methods. Properly understanding these processes can help traders manage their accounts efficiently.

Trading Platforms


BQIT-Finance offers traders the widely acclaimed MetaTrader 5 (MT5) platform, known for its versatility and comprehensive tools for online trading. With MT5, users can access a diverse array of financial markets, including Forex, stocks, commodities, and cryptocurrencies, all within a user-friendly and customizable interface. Traders benefit from advanced charting tools, algorithmic trading capabilities, risk management features, and the ability to code and deploy Expert Advisors (EAs) for automated trading strategies. Additionally, MT5 provides access to real-time market data, economic calendars, and one-click trading options, empowering traders with the tools they need to make informed decisions and execute trades efficiently.

Customer Support

BQIT-Finance's customer support, unfortunately, leaves much to be desired. While they do provide a contact number for English-speaking clients, the absence of a dedicated customer support hotline and reliance on a single phone number can be frustrating for those seeking immediate assistance. Additionally, their communication seems to rely heavily on email, which can result in delayed responses and prolonged issue resolution times. This lack of diverse and readily available contact options, along with potential delays in addressing customer inquiries, can lead to a less than satisfactory customer support experience for traders who require timely assistance and support.

Educational Resources

The absence of educational resources is a notable drawback when considering BQIT-Finance as a trading platform. While many brokers offer a range of educational materials such as webinars, video tutorials, articles, and trading guides to help traders improve their skills and knowledge, BQIT-Finance appears to lack these resources. This could potentially hinder the development and success of traders who rely on educational materials to enhance their understanding of the financial markets and trading strategies. Traders seeking to expand their expertise may find this limitation to be a significant drawback when considering this brokerage.


BQIT-Finance, an unregulated broker, presents a concerning profile. With a lack of regulatory oversight, traders face increased risks, including potential issues related to financial stability and transparency. The absence of educational resources is a significant disadvantage, as it limits traders' opportunities to enhance their skills and knowledge. Moreover, the customer support experience falls short, relying heavily on email communication and offering limited contact options. To exacerbate matters, the broker's website appears to be non-functional, raising doubts about its overall reliability and operational status. Traders should exercise extreme caution when considering BQIT-Finance due to these various concerns and drawbacks.


Q1: Is BQIT-Finance a regulated broker?

A1: No, BQIT-Finance is an unregulated broker, operating without oversight from financial regulatory authorities.

Q2: What markets can I trade with BQIT-Finance?

A2: BQIT-Finance offers Forex, precious metals, and cryptocurrencies for trading.

Q3: Are there educational resources available for traders?

A3: Unfortunately, BQIT-Finance does not provide educational resources such as webinars or tutorials.

Q4: What is the maximum leverage offered by BQIT-Finance?

A4: BQIT-Finance offers a maximum trading leverage of up to 1:400.

Q5: How can I contact BQIT-Finance's customer support?

A5: You can contact BQIT-Finance's customer support through email at However, the availability of alternative contact methods is limited, and customer support may not be prompt.

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more than one year
My friend told me that forex brokers registered with Saint Vincent and the Grenadines are most likely scammers and I think he is right. If it is not a liar, it is also a small company with no strength.
2022-12-12 11:29
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