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The WikiFX Score of this broker is reduced because of too many complaints!

BDG

United Kingdom|Scam Brokers|
5-10 years|Regulated in Australia|Suspicious Regulatory License|MT4/5 full license|The server is only located in China.|Australia Appointed Representative(AR) Revoked|Suspicious Overrun|High potential risk|

http://www.bangdefx.us/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
BDGCloudService-Demo MT4
Server Location China

Contact

http://www.bangdefx.us/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

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Company Name

BDG Cloud Service Limited

Company Abbreviation

BDG

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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This platform is a Ponzi Scheme. Please stay away! 6
Previous Detection : 2024-02-24
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

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Expose

    BDG · Company Summary

    Basic Information & Regulators of BDG

    BDG Global Limited, or BDG for short, is under the dual supervision of the Belize Financial Commission and the National Futures Association. BDG Cloud Service Limited, a cloud technology service company established in the UK, aims to provide online forex trading services for institutions and individuals. It is currently regulated by the Australian Securities and Investments Commission and has a general financial license from the National Futures Association of the United States. BDG won the Jinji Award for “Most Technological Innovation Broker” and Jinrong Award for “Best Fund Security Broker” in 2016.

    Market Instruments

    BDG provides popular forex, CFD, and commodity trading. There are 37 kinds of forex products, including eight pairs of major currencies, and other minor currencies. CFDs includes the US Dow Jones Index, S&P 500 Index, UK FTSE 100 Index, Germany DAX30 Index, New Zealand S&P 200 Index, Hong Kong Hang Seng Index, Xinhua FTSE A50 Index. Commodities include gold, silver, and crude oil.

    Leverage & Account of BDG Global

    Leverage means that a larger amount of funds can be leveraged within a limited range of funds to enhance the utilization of clients' funds. However, high leverage also means high risks, and customers should take it cautiously. The maximum leverage for forex is up to 1:100, the fixed leverage for CFD up to 1:100, and the leverage of silver/USD in commodities vary from 1:100 to 1:200, and the leverage of gold/USD and crude oil is up to 1:100. There are three main types of accounts: Standard account, VIP account, and ECN Account. The leverage level of Standard account & ECN account is 1:100, while VIP account leverage is up to 1:400.

    Trading Platform Applied of BDG

    BDG Meta Trader 4 is optimized trading software. Clients can enjoy thin spreads when trading on Bond MT4, and experience lightning-quick execution speed and a smooth transaction environment. BDG MT4 trading interface is clear, intuitive, and concise, including market quotation charts, position settings, account details, technical analysis tools, major news event reminders, position monitoring, transaction logs, price alerts, email notifications, etc., and supports EA strategies. BDG provides two mobile transaction solutions: iOS system and Android system, as good as PC. It also integrates market charts, analysis tools, trading orders, current affairs news, and other functions. Investors can trade wherever there is a network.

    Deposit & Withdrawal

    The minimum deposit for a Standard account is $200, the minimum deposit for VIP accounts is $500, and the minimum deposit for ECN accounts is $10,000. Online deposit customers enjoy the discount of deposit fee-free. BDG provides several deposit options, accepting domestic & international bank transfers, USDT, BPAY, Skrill, and debit card payments. The available currencies for the savings card are USD & RMB. International SWIFT bank wire transfer directly transfers money to the company's segregated account in NAB, supporting USD and RMB. Skrill/Moneybookers support USD currency. Wire transfer usually takes 3-5 working days. If the withdrawal amount is less than US$200, the user needs to bear the fee of US$20 charged by the bank, and if the amount of withdrawal above US$200, no charge fee is required.


    User Reviews

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    6

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    FX1156182314
    more than one year
    I opened an account on this platform in August through a friend's introduction. I made some profits trading currency pairs, and then I made a withdrawal request at the end of August. As a result, they still haven't approved my withdrawal application, and the website can't be opened now. What should I do?
    2022-12-13 10:53
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    0
    0
    右先生
    more than one year
    Liar, he ripped me off almost 14 thousand dollars! Can wikifx help me get my funds back? ? ? I really need this money! !
    2022-11-30 18:03
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    0
    0
    大D
    more than one year
    The withdrawal I applied for on June 28 has not yet arrived. Five months have passed, and now they even shut down the website, and I can’t access their mt4 platform. I guess they ran away. Never had a bad experience.
    2022-11-28 13:44
    Reply
    0
    0
    FX1061930451
    more than one year
    Absolutely horrible platform! If you don’t want to lose all your money, just stay away from it! They added slippage to your orders, arose your trading fees, thus making you lost all your investment funds. I hate this broker!They still don’t allow me to withdraw my $2,000.
    2022-11-28 10:29
    Reply
    0
    0
    yout
    more than one year
    hi
    2022-11-16 08:45
    Reply
    0
    0
    FX2834564275
    more than one year
    The front is not 8 points
    2022-10-16 12:19
    Reply
    0
    0
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