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BACAPITAL

Australia|5-10 years|
Suspicious Regulatory License|White label MT4|Regional Brokers|High potential risk|

http://english.bacfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
BACapitalGroup-Live MT4
Server Location United States

Contact

400 0066 331
http://english.bacfx.com/

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

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Contact number

English

400 0066 331

Chinese (Simplified)

4000066331

Broker Information

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Company Name

BACAPITAL GROUP PTY LTD

Company Abbreviation

BACAPITAL

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-04-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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BACAPITAL · Company Summary

Registered in Australia
Regulated by No effective regulation at this time
Year(s) of establishment 2-5 years
Trading instruments Forex pairs, commodities, stocks, cryptocurrencies, indices
Minimum Initial Deposit $50
Maximum Leverage 1:1000
Minimum spread 0.0 pips onwards
Trading platform MT4
Deposit and withdrawal method Bank wire transfer, VISA, MasterCard, skrill, neteller
Customer Service Email, phone number, live chat, 24/7 service
Fraud Complaints Exposure No for now

It is important to 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.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of BACAPITAL

Advantages:

  • Wide range of trading instruments, including Forex pairs, commodities, stocks, cryptocurrencies, and indices.

  • Multiple account types with different features to suit different traders' needs, including premium, fixed, and zero accounts.

  • Low spreads and zero commissions on premium and fixed accounts.

  • High leverage options available, with a maximum of 1:1000 on the premium account.

  • Multiple deposit and withdrawal options, including bank wire transfer, VISA, MasterCard, Skrill, and Neteller.

  • Educational resources such as an economic calendar, market reports, and video tutorials.

  • 24/7 customer support via email, phone, and live chat.

Disadvantages:

  • Not regulated by any financial authority.

  • High commission charges of 4 USD per lot on the zero account.

  • The minimum deposit of $250 for the fixed account may be too high for some traders.

  • Lack of transparency regarding company ownership and background.

  • Limited trading platforms, with only the MT4 platform available.

  • No negative balance protection

What type of broker is BACAPITAL?

Advantages Disadvantages
BACAPITAL offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, BACAPITAL has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

BACAPITAL is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, BACAPITAL acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that BACAPITAL has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with BACAPITAL or any other MM broker.

General information and regulation of BACAPITAL

BACAPITAL is an Australian-based online brokerage firm that provides trading services in a range of financial markets, including forex, commodities, stocks, cryptocurrencies, and indices. They offer various account types, including premium, fixed, and zero accounts, each with different minimum deposit requirements, leverage, spreads, and commissions. The company uses the popular MT4 trading platform and supports multiple payment options, including bank wire transfer, Visa, MasterCard, Skrill, and Neteller. They also offer educational resources to help traders improve their skills, including an economic calendar, market reports, video tutorials, and more. Customer support is available via email, phone, and live chat 24/7.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
Offers a diverse range of tradable assets including forex, commodities, stocks, cryptocurrencies, and indices Not regulated by any regulatory authority
Opportunities to diversify investment portfolio across various asset classes No guarantee of safety for funds or personal information
Ability to trade popular and emerging cryptocurrencies Limited information available on the company's background and ownership
Access to major and exotic currency pairs with low spreads No assurance of fair market practices or transparent trading conditions
Opportunities to trade international stock markets without physical ownership Limited trading platforms and tools available

BACAPITAL provides a range of trading instruments across various asset classes including forex pairs, commodities, stocks, cryptocurrencies, and indices. This diverse selection of financial instruments allows traders to diversify their investment portfolio and trade emerging markets. The platform offers access to major and exotic currency pairs with competitive spreads, allowing traders to take advantage of market volatility and potential profits. Moreover, the ability to trade cryptocurrencies provides additional opportunities for investors to enter the cryptocurrency market. However, it is important to note that BACAPITAL is not regulated by any regulatory authority, which poses potential risks for investors. Additionally, the lack of information available on the company's background and ownership may raise concerns about the transparency and credibility of the platform. Overall, the instrument dimension of BACAPITAL provides traders with a range of trading opportunities across different asset classes, but investors should be aware of the potential risks involved due to the lack of regulation and transparency.

market instruments

Spreads, commissions and other costs

Advantages Disadvantages
Tight spreads on Zero account High commission on Zero account
No commission on Premium and Fixed accounts Fixed spreads on Fixed account
Low spreads on Premium account

BACAPITAL offers its clients three different account types, each with its own unique spreads, commissions, and other costs. The Premium account type offers clients spreads starting from 1.0 pips with no commission fees, making it a suitable option for traders who prefer tight spreads without incurring additional costs. The Fixed account type, on the other hand, offers fixed spreads with no commission fees, which can be beneficial for traders who prefer to know their trading costs upfront. Finally, the Zero account type offers clients spreads starting from 0.0 pips, but with a commission fee of $4 per lot traded. While this can be advantageous for traders looking for the lowest possible spreads, the high commission fee can quickly add up for high-frequency traders. Overall, BACAPITAL provides a range of account types with varying spreads and commissions to cater to different trading styles and preferences.

Trading accounts available in BACAPITAL

Advantages Disadvantages
Premium account has low minimum deposit requirement and high leverage, making it accessible for beginners. Zero account has a high commission fee per lot traded, which may not be cost-effective for frequent traders.
Fixed account offers stable fixed spreads, which can be helpful for traders who prefer predictability in their trading costs. Premium account has wider spreads compared to other account types.
Zero account has tight spreads, which can be advantageous for traders who focus on scalping or other short-term trading strategies. Fixed account has a higher minimum deposit requirement compared to other account types.
Premium and zero accounts offer high leverage, which can increase potential profits for traders. The company is not regulated by any financial authority, which may raise concerns about the safety of funds and fairness of trading conditions.

BACAPITAL offers three types of accounts: Premium, Fixed, and Zero. The Premium account has a low minimum deposit requirement of $50 and a high maximum leverage of 1:1000, making it accessible for beginners. However, it has wider spreads compared to other account types. The Fixed account requires a minimum deposit of $250 and offers stable fixed spreads, which can be helpful for traders who prefer predictability in their trading costs. On the downside, it has a higher minimum deposit requirement compared to other account types. The Zero account has a minimum deposit requirement of $100 and offers tight spreads, which can be advantageous for traders who focus on scalping or other short-term trading strategies. However, it has a commission fee of 4 USD per lot traded, which may not be cost-effective for frequent traders. It's important to note that BACAPITAL is not regulated by any financial authority, which may raise concerns about the safety of funds and fairness of trading conditions.

account types

Trading platform(s) that BACAPITAL offers

Advantages Disadvantages
User-friendly interface Limited number of technical indicators
Advanced charting tools No web-based platform
Support for automated trading Limited news and research tools
Multiple order types supported Limited customization options
Mobile trading platform available No support for hedging

BACAPITAL provides the MetaTrader 4 (MT4) trading platform, which is a popular choice among traders worldwide. The platform is known for its user-friendly interface, advanced charting tools, and support for automated trading through the use of expert advisors. Multiple order types are supported, including market orders, limit orders, and stop orders. Additionally, BACAPITAL offers a mobile trading platform for traders on-the-go. However, the platform has a limited number of technical indicators and customization options. There is also no support for hedging, and the platform is not available in a web-based version. News and research tools are also limited, which may be a disadvantage for some traders.

trading platform

Maximum leverage of BACAPITAL

Advantages Disadvantages
High maximum leverage options for traders High leverage can lead to high risk
Flexible leverage options based on account type Lack of regulatory oversight can lead to potential abuse of high leverage
Ability to potentially increase profits with high leverage Traders may not fully understand the risks associated with high leverage
Opportunity for small traders to trade larger positions with less capital High leverage can lead to larger losses if trades are unsuccessful

BACAPITAL offers different maximum leverage options for traders based on the type of account they choose. The Premium account offers the highest leverage of 1:1000, allowing traders to potentially increase profits with larger positions. The Fixed account offers a leverage of 1:400, while the Zero account offers a leverage of 1:250. While high leverage can lead to potentially large profits, it also comes with increased risk. Traders who do not fully understand the risks associated with high leverage may suffer significant losses. Additionally, the lack of regulatory oversight on BACAPITAL's maximum leverage can lead to potential abuse. Traders should carefully consider the risks and benefits of high leverage before choosing an account type.

maximum leverage

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
Multiple funding options available No mention of any deposit or withdrawal fees
Supports major credit/debit cards Limited payment methods compared to other brokers
Allows use of popular e-wallets Only offers electronic payment methods, no physical payment options
Quick and easy transactions No support for cryptocurrencies

BACAPITAL offers multiple options for funding your account, including bank wire transfer, VISA, MasterCard, Skrill, and Neteller. The broker supports major credit/debit cards and allows the use of popular e-wallets for quick and easy transactions. However, the payment methods offered by BACAPITAL are limited compared to other brokers, and they do not mention any deposit or withdrawal fees on their website. Additionally, the broker does not support cryptocurrencies for deposit or withdrawal.

deposit and withdrawal

Educational resources in BACAPITAL

Advantages Disadvantages
A variety of educational resources available, such as economic calendar, market reports, and video tutorials No live webinars or online courses available
Educational resources cover a range of topics, including market analysis and trading strategies Limited interactivity and personalization of educational content
All educational resources are available for free to all clients Educational resources are not regularly updated or expanded
Educational resources can help traders improve their skills and knowledge in the financial markets Educational resources may not be sufficient for advanced traders looking for more specialized information and insights

BACAPITAL offers a range of educational resources to help traders improve their skills and knowledge in the financial markets. These resources include an economic calendar, market reports, video tutorials, and more. The educational resources cover a range of topics, including market analysis and trading strategies. All educational resources are available for free to all clients. However, there are some limitations to the educational resources offered by BACAPITAL. For example, there are no live webinars or online courses available, and the educational resources may not be regularly updated or expanded. Additionally, the educational resources may not be sufficient for advanced traders looking for more specialized information and insights.

educational resources

Customer service of BACAPITAL

Advantages Disadvantages
24/7 customer service available Not regulated by any financial authority
Multiple channels of communication available Physical address not specified on website
Prompt response time No FAQ section on website
Responsive and professional customer support team

BACAPITAL offers multiple channels of communication for customer support, including email, phone number, live chat, and a 24/7 service. The customer support team is known to be prompt, responsive, and professional, providing timely and effective assistance to clients. However, one major disadvantage is that the company is not regulated by any financial authority, which may raise concerns about the company's credibility and reliability. Additionally, the physical address of the company is not specified on the website, which may make it difficult for clients to contact the company in case of any issues. Lastly, there is no FAQ section on the website, which could have provided clients with quick and easy access to basic information and answers to common questions.

customer support

Conclusion

In conclusion, BACAPITAL is an Australian-based company offering online trading services in Forex, commodities, stocks, cryptocurrencies, and indices. The company offers three types of accounts, namely premium, fixed, and zero accounts, with varying features such as spreads, commissions, and maximum leverage. Traders have access to the popular MT4 platform and various payment methods, including bank wire transfers, credit/debit cards, and e-wallets. BACAPITAL provides traders with educational resources such as an economic calendar, market reports, and video tutorials. The company's customer support team is available 24/7 via email, phone, and live chat. While the company offers some advantages such as competitive spreads, a wide range of tradable instruments, and multiple payment methods, there are also some disadvantages such as the lack of regulation, limited educational resources, and high commission fees on some account types. Therefore, traders should weigh the pros and cons carefully before deciding to trade with BACAPITAL.

Frequently asked questions about BACAPITAL

  • Question: Is BACAPITAL regulated?

  • Answer: No, BACAPITAL is not regulated by any financial regulatory authority.

  • Question: What trading platforms does BACAPITAL offer?

  • Answer: BACAPITAL offers the popular MetaTrader 4 (MT4) trading platform.

  • Question: What payment methods are accepted by BACAPITAL?

  • Answer: BACAPITAL accepts bank wire transfers, Visa, Mastercard, Skrill, and Neteller.

  • Question: What is the minimum deposit required to open an account with BACAPITAL?

  • Answer: The minimum deposit for a Premium account is $50, for a Fixed account is $250, and for a Zero account is $100.

  • Question: Does BACAPITAL offer educational resources for traders?

  • Answer: Yes, BACAPITAL offers educational resources such as an economic calendar, market reports, video tutorials, and more.

  • Question: What is the maximum leverage offered by BACAPITAL?

  • Answer: The maximum leverage offered by BACAPITAL ranges from 1:250 to 1:1000 depending on the account type.

  • Question: What customer support options are available at BACAPITAL?

  • Answer: BACAPITAL offers customer support via email, phone, and live chat, with 24/7 service available.

frequently asked questions

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张洪峰
more than one year
BACAPITAL claims to be regulated, but as an offshore broker without any oversight, they are likely a scam. After depositing funds, their customer service becomes unreachable, leading me to believe I have been duped. This lack of communication and transparency is a significant red flag and is indicative of a possible scam Avoid at all costs.
2023-03-24 09:33
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