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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
    Open Account
    Website
    WikiFX Score
    Comparison
    Exposures
    • 4408000488968
    • support@bcfex.co.uk
    • --
    • --
    • --
    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

    More
    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

    --

    Information abstracts
    Pyramid scheme complaint
    Expose
    Warning: Low score, please stay away! 1
    2022.05.23

    It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

    Exposures

    1 pieces of exposure in total
    Pyramid scheme complaint Expose
    Scam

    The gang of King Yi scammed huge amount of fund through BCCT fake trading system

    The 3.08 million RMB was all savings of my family. With a rough estimation, the fund coveted has reached nearly 10 million RNMB. Scammers’ accounts: Liu Chuanshu, 6217003230049776242, Shenzhen Baonianhua Trading Co., Ltd. 010900040053331 Shenzhen Yingxinfu, Machinery Leasing Co., Ltd. 001200040072501 Shenzhen Rongzhihui Machinery Leasing Co., Ltd. 017900040027247 Shenzhen Shihuan Shun Industrial Co., Ltd. 015400040068145 Remember the names or nicknames of these crooks: Wang Tianyi , Yifeng, Lao Qi, Zhu Xiaohua, Fang Xin, Liu Hailin, and Liu Chuanshu Please investigate this illegal platform, arrest the scammers, and bring justice to the victims.

    FX3781448375

    2019/12/27 11:26:04

    China

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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
    Related Photos
    Confirm to Submit

    Submit successfully!

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

    Confirm

    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

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