Official website Unavailable
Since BS Tradings official website cannot be accessed for the moment, we could only pick up some relevant information from other website to get a rough picture of this forex broker.
General Information
BS Trading Ltd is a Vanuatu-registered brokerage firm offering its clients a wide selection of trading instruments including forex pairs, spot metals, indices and cryptocurrencies, leverage up to 1000:1, with one standard accounts offered.
Market Instruments
With BS Trading, traders can get access to a wide range of trading instruments, including more than 50 forex pairs, as well as CFDs on spot metals, indices, and cryptocurrencies.
Account Types
BS Trading only offers a standard account, with the minimum initial deposit as low as $1, which is extremely friendly to beginners. Low initial deposit requirements are quite beneficial for traders, especially to beginners or novices, as starting with large sum of capital is risky for them due to lack of experience and knowledge.
Leverage
The maximum trading leverage offered by BS Trading is up to 1000:1, which is considered high. Since this broker is an offshore broker, enjoying no restrictions on leverage, it is offer generous leverage to attract new investors. Although leverage can multiply increase your profits based on right trading strategies, it can also cause to heavy losses, especially to inexperienced traders.
Spreads & Commissions
BS Trading says spread on the EUR/USD pair start from 0.5 pips, and it turned 0.3 pips when tested in demo accounts. However, the spreads is too good to be true for a unregulated broker.
Trading Platforms
BS Trading offers MT4 trading platform, available for PC, Apple, and Android devices which is a good news. MT4 trading platform has more than 50 in-built technical indicators, excellent charting tools. The best known features of MT4 is its automated trading option where you can compile your own indicators and trading algorithms on a specially designed scripting language-the MQL4.
Demo Accounts
BS Trading offers demo accounts, which allows newcomers to test its trading environment and practice their trading strategy, quickly acquainting yourselves with forex trading without using their real money.
Deposit & Withdrawal
BS Trading allows its clients to make a deposit and withdrawal through some common payment methods, including VISA, MasterCard, UnionPay, Neteller, Skrill and Bank Wire. While some popular e-wallet processor such as PayPal, webmoney are not available.
Customer Support
BS Trading offers the poor customer support, and we cannot find its contact channels anywhere, including telephone number, email address, which is also a worrying sign that this broker is unsafe to trade with.
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