BFX Investor – Is It Safe or a Scam?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
BFX Investor - DO NOT TRADE WITH THIS PROVIDER
2.5/10
$100
Minimum Depositupdated 2020
BFX Investor is a CFD brokerage. It is an offshore company that is registered in Saint Vincent and the Grenadines (SVG). it offers a trading platform that is based on the web. There is quite a confusion with the real products they offer. More so, about the trading condition of this brokerage.
BFX Investor comes with a demo account and offers plenty of choices for payment methods. Regardless of these things, it is still hard to find clarity and information about this brokerage company.
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82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://BFX-Investors.com
Founded: 2018
Regulations: Not Regulated
Languages: English
Deposit Methods: Credit cards, Bitcoin, wire transfer, Bitcoin, MoneyGram and Western Union, and Perfect Money
Minimum Deposit: N/A
Free Demo Account: Yes
Number of Assets: N/A
Types of Assets: CFD
Trading Accounts and Conditions
BFX Investor is a CFD brokerage. It is an offshore company that is registered in Saint Vincent and the Grenadines (SVG). it offers a trading platform that is based on the web. There is quite a confusion with the real products they offer. More so, about the trading condition of this brokerage.
BFX Investor comes with a demo account and offers plenty of choices for payment methods. Regardless of these things, it is still hard to find clarity and information about this brokerage company.
Also, BFX Investor is not regulated, and it doesn’t use the best trading platform available. If a brokerage is truly devoted to helping people, it should invest in these simple things.
Read on and let’s discover more about BFX Investor.
BFX Investor – Advantages
There isn’t much to say about BFX Investor. There are just a few pieces of information that you can get about it. However, we always try our best to give the information you need. The advantages of BFX Investor include it having a demo account and its wide array of payment method options.
Let’s give these two advantages a closer look:
Presence of Demo Account
To get an idea of how a brokerage is, you need to try it first-hand. This is one advantage you can get from BFX Investor. With a demo, you get a clear shot of what you are going into. And based on the demo account, it is more about depositing money.
Accepts Credit Cards, Bitcoin and e-wallets as Payment Methods
It is always a treat to be given a variety of options to choose from, at least for payment methods. We have to give it to BFX Investor. This brokerage accepts credit cards such as Visa and Mastercard. They also accept bitcoins and e-wallets. It is up to you on how you want to pay. You can go with MoneyGram and Western Union, and Perfect Money.
Finding a credit card as a payment option provides little security as you can ask for a charge back within 540 days after you make a payment. This is one reason why scammers exclude credit cards as payment methods.
BFX Investor– Disadvantages
There are just a few advantages offered by BFX Investor. The disadvantages account for the same. Looking at BFX Investor, we found out that this brokerage is not regulated. Also, it doesn’t offer MetaTrader4 as its trading platform.
There are so many holes and lapses with BFX Investor. It is hard to trust a brokerage where just a few data is provided. Always be vigilant. We are talking about money. Whether you have your money the easy or the hard way, it is essential to find the best option to make the best out of it.
Let’s look at these disadvantages in details:
Not regulated
Upon checking the website, we found out that BFX Investors is owned and operated by BFX Ltd. It is registered in SVG and you know how most offshore brokerage operates. Being registered in SVG means it is not regulated.
There are many other brokerages that use the same address as BFX Investors does. Being registered in SVG does not subject it to any regulatory oversight.
BFX Investors is not regulated so there is a high risk of getting scammed. There is no one who will be accountable if worse comes to worst. It is hard to trace your money should you lose it because it undergoes third-party processes. These are some reasons you should never fall for unregulated brokerages.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
BFX Investor uses a web-based trading platform. It would have been better if they used a more sophisticated and advantage trading platform. Most brokerages use MetaTrader4.
MetaTrader4 is popular and a great trading solution. Even if you are a beginner, it is easy to understand its interface. Working with a brokerage that comes with MetaTrader4 will allow you customize and trade bots. It can also assist you in running automated trading sessions.
With the help of a trading platform like MetaTrader4, it is easier to get more things than. It is boring to rely on a web-based trading platform that just seems like a place for depositing money.
Conclusion:
The trading world is complicated. If you do not do your research properly and if you just dive in and invest in everything you see on the internet; it is easy to get scammed. Numerous people have been victims to fraud and scamming. Be responsible and study the brokerage you want to join in.
In the case of BFX Investors, it is an unregulated brokerage. There is little clarity and information about how they operate. Upon looking at their Terms and Conditions, there are no withdrawal conditions or provision.
It is important for a brokerage to provide as much information as they can give. It is also important to maintain transparency. When everything is transparent, there is no fear that one will cheat over the other.
Since we did not find any withdrawal conditions or provisions from BFX Investors, a trader is not protected. Should BFX Investors decide to develop unexpected fees once a trader has already invested, it will be his loss. This is just a small part of the whole. What about the others they did not discuss?
Again, proceed with caution. Always be proactive and choose regulated brokerage. There is nothing wrong with safeguarding and securing the money you are investing. It is yours and it is your right to grow and keep it flourishing.
BFX Investor
Pros
- Presence of Demo Account
- Accepts Credit Cards, Bitcoin and e-wallets as Payment Methods
Cons
- Not regulated
- Unavailability of MetaTrader4
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
eToro is a multi-asset platform which offers CFD and non CFD products. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.