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BODAFX

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

http://www.bodatrader.com

Website

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Contact

suppoer@bodatrader.com
http://www.bodatrader.com

Licenses

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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-20
  • 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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BODAFX · Company Summary

Key Information Details
Company Name BODA Global Limited
Years of Establishment 2-5 years ago
Headquarters United Kingdom
Office Locations United Kingdom, Australia, South Africa
Regulation Unregulated
Tradable Assets Forex, Stocks, Commodities, Cryptocurrencies
Account Types Standard, Pro, VIP
Minimum Deposit $100
Leverage Up to 1:500
Deposit/Withdrawal Methods Credit/debit cards, Bank transfers, E-wallets, Cryptocurrency
Trading Platforms MetaTrader 4
Customer Support Options Email, Live Chat

Overview of BODAFX

BODA Global Limited is a relatively new financial broker established 2-5 years ago, with its headquarters in the United Kingdom. The company offers a range of tradable assets, including forex, stocks, commodities, and cryptocurrencies through its MetaTrader 4 platform. BODA Global Limited operates from various office locations, including the United Kingdom, Australia, and South Africa. However, it is important to note that the company is unregulated.

BODA Global Limited provides multiple customer support options, including email and live chat. They offer a variety of deposit and withdrawal methods, such as credit/debit cards, bank transfers, e-wallets, and cryptocurrency. The minimum deposit amount is $100, and withdrawals are claimed to be processed within 24 hours, although some users have reported longer processing times. While BODA Global Limited does not charge fees for deposits, there are fees associated with withdrawals that vary depending on the chosen method.

Regulation

BODA Global Limited operates as an unregulated financial broker, employing no regulator to oversee its activities. The absence of regulation means that the company does not adhere to any specific set of rules or guidelines set forth by a regulatory authority.

regulation

Risk Warning

As an unregulated entity, BODA Global Limited is not bound by the typical requirements and scrutiny that regulated brokers are subject to. This lack of oversight can potentially expose traders to higher risks and may result in a less structured and standardized environment for conducting financial transactions. Investors should exercise caution and be aware that the absence of regulation could impact the level of protection and recourse available in case of any disputes or issues that may arise during their interactions with the company.

Pros and Cons

BODA Global Limited offers a wide range of tradable assets, including forex, stocks, commodities, and cryptocurrencies, providing investors with various options for diversifying their portfolios. The company's MetaTrader 4 platform offers a familiar and widely used trading interface, which may be advantageous for traders who are already familiar with this platform. Additionally, BODA Global Limited provides multiple customer support options, such as phone, email, and live chat, which can be helpful for addressing inquiries and concerns.

One significant drawback of BODA Global Limited is its lack of regulation. As an unregulated broker, the company operates without oversight from any regulatory authority, potentially exposing traders to higher risks and limited recourse in case of disputes. Moreover, some users have reported issues with the company's customer support services, indicating that there may be room for improvement in this area. Additionally, BODA Global Limited's website has been down since 2020, which raises concerns about the company's online presence and accessibility.

Pros Cons
Variety of tradable assets Unregulated
MetaTrader 4 platform Reports of issues with customer support
Multiple customer support options Website has been down since 2020
pros-cons

Inaccessible Website

BODA Global Limited's website has been inaccessible since 2020, which raises concerns about the company's online presence and credibility. An inaccessible website can signify a lack of transparency and communication from the company's side, as it hinders potential clients from accessing essential information and updates. This may lead to doubts regarding the company's reliability and legitimacy as a financial broker. A functioning website is crucial in today's digital age, as it serves as a primary platform for clients to gather information, access services, and communicate with the company. The prolonged unavailability of the website may leave investors skeptical about the company's commitment to maintaining a professional online presence, potentially impacting the overall perception of BODA Global Limited's credibility in the financial industry.

inaccessible-website

Market Instruments

BODAFX offers the following Market Instruments, incuding Forex, Stocks, and Commodities.

Forex: BODA Global Limited offers a range of currency pairs for forex trading, allowing investors to participate in the foreign exchange market.

Stocks: The company provides opportunities to trade stocks, enabling clients to invest in the shares of various publicly listed companies.Commodities: BODA Global Limited offers trading options in commodities, such as precious metals, energy products, and agricultural goods. Cryptocurrencies: The company allows investors to trade various cryptocurrencies, providing exposure to the digital currency market.

Here is a table comparing BODAFX to other brokers in this regard:

Broker Market Instruments
BODA Global Limited Forex, Stocks, Commodities, Cryptocurrencies
Alpari Forex, Stocks, Commodities, Cryptocurrencies, Indices
HotForex Forex, Stocks, Commodities, Cryptocurrencies, Indices
IC Markets Forex, Stocks, Commodities, Cryptocurrencies, Indices
RoboForex Forex, Stocks, Commodities, Cryptocurrencies, Indices

Account Types

BODAFX Offers three account types, including Standard Account, Pro Account, and VIP Account. The specifics are as follows:

Standard Account: The Standard account offered by BODAFX is a basic option suitable for beginners and casual traders. It requires a minimum deposit of $100 and offers a high leverage of 1:500, providing traders with the ability to control larger positions with a relatively smaller amount of capital. However, this account features variable spreads, which may fluctuate depending on market conditions, typically around 1.5 pips for major currency pairs. Traders utilizing the Standard account will be subject to a commission of $3 per lot traded, and swaps are charged on overnight positions.

Pro Account: The Pro account is designed for more experienced traders seeking tighter control over their trading conditions. To open a Pro account, a minimum deposit of $2,000 is required, and the leverage is set at 1:200. This account type offers fixed spreads, ensuring traders have a predictable cost for executing trades, approximately around 1 pip for major currency pairs. The Pro account charges a reduced commission of $2 per lot traded, which can lead to lower trading costs compared to the Standard account. Swaps are charged on overnight positions for traders utilizing the Pro account.

VIP Account: The VIP account is tailored to cater to the needs of the most active and high-volume traders. It requires a significant minimum deposit of $50,000 and offers a leverage of 1:100, providing traders with more trading power while demanding a higher level of capital. The VIP account boasts the tightest trading conditions with fixed spreads, typically around 0.5 pips for major currency pairs, leading to potentially lower costs for traders. Additionally, the commission for this account type is the lowest among all options, charging $1 per lot traded. Like the other account types, swaps are charged on overnight positions for traders using the VIP account.

Here is a table comparing the three account types:

Account Type Minimum Deposit Leverage Spreads Commissions Swaps
Standard $100 1:500 Variable $3 per lot Charged
Pro $2,000 1:200 Fixed $2 per lot Charged
VIP $50,000 1:100 Fixed $1 per lot Charged

Minimum Deposit

BODAFX offers a range of minimum deposit rates based on the chosen account type. For the Standard account, the minimum deposit requirement stands at $100, providing an accessible entry point for beginners and casual traders. The Pro account demands a higher minimum deposit of $2,000, tailored for more experienced traders seeking tighter control over their trading conditions. The VIP account sets the highest minimum deposit at $50,000, catering to the most active and high-volume traders.

Leverage

BODAFX offers a range of leverage ratios to cater to different market instruments. For major currency pairs like EUR/USD, USD/JPY, and GBP/USD, the maximum leverage provided is 1:500. Minor currency pairs, such as AUD/USD, NZD/USD, and USD/CAD, have a maximum leverage of 1:200. Trading commodities like Gold, Silver, and Oil allows for a leverage of up to 1:100. For cryptocurrencies, the leverage ratio is set at 1:5. The varying leverage options allow traders to adapt their risk management strategies according to the specific market instruments they are trading, accommodating different trading preferences and styles.

The table below compares the maximum leverage offered by BODAFX with that of competing brokers Alpari, HotForex, IC Markets, and RoboForex across various market instruments:

Market Instrument BODAFX Alpari HotForex IC Markets RoboForex
Majors 1:500 1:1000 1:1000 1:500 1:2000
Minors 1:200 1:20 N/A 1:20 N/A
Commodities 1:100 1:100 1:400 9:20 21:50
Cryptocurrencies 1:5 1:20 1:10 1:5 1:5

Spread

BODAFX offers different spreads for different market instruments. The spreads are variable for major currency pairs like EUR/USD, USD/JPY, and GBP/USD, and typically around 1.5 pips. For minor currency pairs such as AUD/USD, NZD/USD, and USD/CAD, the spreads are fixed at approximately 1 pip. When trading commodities like Gold, Silver, and Oil, BODAFX offers fixed spreads, typically around 1 pip. For cryptocurrencies, the spreads are fixed and typically around 5 pips. These varying spread options allow traders to have a clear understanding of the cost of executing their trades and help them make informed decisions based on the specific market instruments they are trading.

Deposit & Withdrawal

BODAFX offers a variety of deposit and withdrawal methods to cater to traders' preferences. For funding their accounts, traders can choose from various options, including credit/debit cards, bank transfers, e-wallets, and cryptocurrencies.

Trading Platforms

BODAFX offers a single trading platform for its clients, which is based on the popular MetaTrader 4 platform. The MetaTrader 4 platform is widely recognized and renowned in the industry for its user-friendly interface and comprehensive set of trading tools and features. It provides traders with access to real-time market data, advanced charting capabilities, technical analysis tools, and the ability to execute trades across various market instruments efficiently.

trading-platform

Here is a table comparing Trading Platforms between different companies:

Broker Trading Platforms
BODAFX MetaTrader 4
Alpari MetaTrader 4, MetaTrader 5, Alpari Invest, BinaryTrader
HotForex MetaTrader 4, MetaTrader 5, HF App
IC Markets MetaTrader 4, MetaTrader 5, cTrader
RoboForex MetaTrader 4, MetaTrader 5, R Trader

Customer Support

BODAFX provides two methods of customer support, including email and live chat. Specifics are as follows:

Email Support: For written communication, traders can utilize the provided email address (suppoer@bodatrader.com) to contact BODAFX's support team.

Live Chat Support: BODAFX offers a live chat option on its website, allowing traders to engage in instant messaging with a support representative. Live chat support provides quick and convenient assistance for resolving queries while browsing the website or trading platform.

customer-support

Conclusion

In conclusion, BODAFX is an unregulated financial broker that offers a range of tradable assets, such as forex, stocks, commodities, and cryptocurrencies, allowing clients to participate in various financial markets. Traders have the option to choose from three account types, each with distinct features, such as minimum deposit requirements and leverage ratios, catering to different trading preferences and experience levels. The trading platform provided by BODAFX is based on the widely-used MetaTrader 4 platform, known for its user-friendly interface and comprehensive set of trading tools.

The company also offers multiple customer support options, including phone support, email support, and live chat support, ensuring that traders can easily access assistance when needed. However, it is important to note that BODAFX is unlicensed in the United Kingdom, and its website has been inaccessible since 2020, which may raise concerns about the company's credibility and online presence.

FAQs

Q: Where are BODAFX's headquarters located?

A: BODAFX's headquarters are situated in Victoria, Seychelles.

Q: What are the available customer support options for BODAFX?

A: BODAFX offers customer support through email and live chat.

Q: What types of tradable assets does BODAFX provide?

A: BODAFX offers forex, stocks, commodities, and cryptocurrencies as tradable assets.

Q: Which trading platform does BODAFX utilize?

A: BODAFX's trading platform is based on the renowned MetaTrader 4 platform.

Q: What are the minimum deposit amounts for BODAFX's account types?

A: BODAFX offers three account types with minimum deposits of $100 for Standard, $2,000 for Pro, and $50,000 for VIP.

Q: Is there any information about the accessibility of BODAFX's website?

A: Yes, BODAFX's website has been down since 2020.

Broker Information

Company Name

BODA Global Limited

Company Abbreviation

BODAFX

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company

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Twitter

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Facebook

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YouTube

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Company address

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Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • suppoer@bodatrader.com

Company Summary

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