Risk Management Index
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The data are from WIKI Research 2021.06.25 updated
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Basic Information & Regulation
BFX International claims to be the trading name of Capital EM LTD, a Marshallese registered offshore company. BFX InternationalBFX International is currently an unregulated broker.
Safety Analysis of BFX International
An unregulated broker means that the safety of investors' funds and trading activities on the platform are not protected in any effective way. If the brokerage firm misappropriates client funds or the brokerage firm goes bankrupt, investors will not receive any compensation. Investors should choose brokers that are regulated by the FCA in the UK and CySEC in Cyprus.
BFX International claims to offer investors a wide range of financial trading assets, mainly CFD products such as commodities, indices, stocks, and a range of cryptocurrencies.
Accounts & Leverage
BFX International offers five types of accounts on its platform: Discovery, Silver, Gold, Premier, and VIP. BFX International does not offer a minimum deposit requirement, proving that BFX International may be a fraudulent brokerage.
Spreads & Commissions of BFX International
The trading conditions on the BFX International website are unclear, and the spreads and commissions on financial instruments are not known. The only information available is that BFX International's standard account has a spread of 3 pips on EURUSD, which is much higher than the industry standard.
Trading Platform Available of BFX International
BFX International offers investors a web-based trading platform as well as the widely used MT4 trading platform. MT4 is the preferred trading platform of most traders worldwide, user-friendly, reliable, and efficient, has a powerful charting package and customization options, and supports automated trading using EA's (Expert Advisors) or robots. Unfortunately, there is no demo account available on MT4 offered by BFX International to test.
Deposit and Withdrawal of BFX International
BFX International only supports traders to withdraw and deposit funds to their accounts via regular VISA, MasterCard, wire transfer, while popular e-wallet payment methods such as Skrill, Neteller are not supported.
Pros & Cons of BFX International
The main advantages of BFX International are:
1. Web & MT4 trading platforms available
2. A range of popular financial trading instruments
3. Five account types available
The main disadvantages of BFX International are:
1. Offshore broker & no regulation
2. Backlisted by CNMV
3. No demo accounts
4. Excessive spreads and unclear transaction costs
5. No minimum deposit requirements information
6. Limited withdrawal and deposit options
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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.
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