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    BCFEX

    • United Kingdom United Kingdom
    • 2-5 years
    • Suspicious Regulatory License
    • Non MT4/5 Software
    • Suspicious Scope of Business
    • High potential risk
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    WikiFX Score
    Comparison
    • 4408000488968
    • support@bcfex.co.uk
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    • --
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    Licenses

    No valid regulatory information

    Please be aware of the risk!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Get it for free

    Broker Information

    Company Name

    BCFEX Limited

    Phone of the company

    4408000488968

    Company website
    https://bcfex.co.uk
    Customer Service Email Address

    support@bcfex.co.uk

    Company address

    --

    Pyramid scheme complaint
    Expose

    BCFEX

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    BCFEX

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    BCFEX
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Confirm to Submit

    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    BCFEX · Company summary

      General Information & Regulation

      Founded in 2016 and headquartered in London, UK, BCFEX is a multi-asset trading company offering investors financial instruments such as cryptocurrencies, CFDs, Forex. BCFEX is currently not subject to any effective regulation.

      Market Instruments

      BCFEX offers investors access to some financial instruments, including currency pairs in the Forex market, CFDs, cryptocurrencies, and binary options. Tradable instruments offered by BCFEX seem pretty average, as some popular assets not available, like indices, shares, ETFs, etc.

      Minimum Deposit

      The minimum initial deposit part is not fully disclosed. Most brokers would require a minimum initial deposit of $100-$200 for brokers to start a basic account.

      BCFEX Leverage

      Spreads and Commissions are not mentioned on the BCFEX website.

      Spreads & commissions

      BCFEX does not announces any key trading conditions on its website. A broker is usually by adding spreads and commissions onto a traders trade to make a profit. No clear trading conditions are provided, such as spreads, commission, which means brokers are vague about trading fees to cheat traders.

      Trading Platforms

      BCFEX offers investors the leading MT5 trading platform on the market. MT5 is the latest version of MT4 and has all the positive features of the MT4 platform, including more built-in technical indicators and timeframes. However, it is not as stable as the MT4 trading platform.

      BCFEX Pros & Cons

      BCFEX Advantages Include:

      1. MT5 trading platform

      BCFEX disadvantages Include:

      1. Not subject to any regulation

      2. Narrow range of trading products

      3. Showing no information about trading conditions (such as spreads, commissions, etc.)

      4. No account information

      5. Absence of information on deposit and withdrawal

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.