Statistics of BFSforex votes

BFSforex reviews

BFSforex_logo BFSforex 6/10 (votes 4119)

On-line since: 2013
Country of origin: Mauritius
Regulation: FSС
Payment options: VISA, MasterCard, wire transfer, China UnionPay, credit cards, Perfect Money
Minimum account size: $5
Minimum lot size: 0.01 lot
Leverage: 1:1000
Spreads: from 0 pips

BFSforex has been working since 2013 when Commission on financial services of the Republic of Mauritius granted BFS Markets Ltd the international commercial license of the first grade.

BFS Markets Ltd owns BFSforex trademark. Traders and investors from more than 10 countries with the majority from Asia and North America are among the company’s clients. The company offers its clients more than 20 currency pairs, metals, CFDs, and futures contracts.

Trading conditions

BFSforex offers its clients and partners various investment possibilities irrespective of the amount of the initial funds. Traders with low initial budget, as minimum deposit is $5 for Micro account and at the same time leverage is up to 1:1,000, may be interested in company’s services.

Clients may choose from five trading accounts. Trading on Micro, Standard, and Premium accounts, clients do not pay commissions. Working with Premium account, one is allowed to have an unlimited number of open orders.

BFSforex is one of few brokerage companies with which a client may open a Discount account. If a client chooses a 60% Discount account and replenishes it with $10,000, a client may get $4,000 to his bank card.

Mobile trading platform

Mobile MetaTrader4 trading platform is used for trading via PC and mobile phones.

Spreads

The amount of spread depends on a trading account type, i.e. from 0 pips for STP account, from 1.5 pips for Standard and Premium accounts, and from 2 pips for Micro account.

Leverage

The maximum size of leverage depends on the type of the order execution which corresponds to a trading account. If the amount of money on a trader’s account is no more than $100, or equivalent to it in the other currency, then a client can get a maximum leverage of 1:1,000. If the amount of money on a Forex Micro account is in the range from $100 to $1,000, or equivalent to the sum in other currency, then the maximum size of the leverage is 1:500. Such a considerable cut of margin requirements allows traders to implement effectively a wide range of trading strategies. Traders with STP account are provided with 1:100 leverage.

Bonuses and affiliate programs

Clients who opened Micro, Standard, or Premium accounts may get a bonus amounting up to 50%. In order to get a bonus, one has to replenish a deposit with more than $10 and trade within 30 days.

Affiliate programs make it possible to get commissions from every deal made by a new client who was invited by a trader. 35% is the commission which can be got on the Micro account. The second possible type of partnership is to become a regional representative.

Moreover, BFSforex offers its clients educational materials and support in terms of hedging and assets insurance.

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Comments about broker

Bambina trader
review BFSforex
22-02-21

BFSforex is very generous when it comes to bonuses. I got a bonus from depositing funds one time and it was readily available for trading. Having higher capital allows me to earn more as well.

Rasitha trader
review BFSforex
30-12-20

I am dealing in a micro account with BFSforex broker and I am satisfied so far. As I've got a perfect execution on the MT4 platform, where I found many features with many tools and indicators. I have liked their payment service too. It needs four hours via WebMoney. I haven't any issue and I want to deal with BFSforex.

Raiyan trader
review BFSforex
13-11-20

BFS forex is the biggest scam broker I've ever met and heard of, it took $565 from my credit card and didn't even deposit it to my trading accounts. The problem is that I traded with the same ip. It is not abused to me. I do not recommend this broker. Very poor control giving high risks of losing your money. Huge slippage few times. After so many years experience I realised I never can make money with this forex.

Howlett trader
review BFSforex
05-06-17

Please stay away this broker – BFSforex, because this broker is really a thief. Although I just joined trading with this broker in last year, I lost 1000$ with this broker during working with them. In the beginning, this broker attracted their clients by their interesting promos, and it’s easy to open and deposit in account. Therefore, I would like to share my bad case with this broker, and my case just happened in 2 months ago. At that time, I deposited 500$ for trading, and I made profit 700$. Then, I wanted to withdraw money, but BFSforex didn’t let me do this request. This broker canceled my request with note that my balance is not enough. I was strange becasuse my fund is 1000$. Therefore, I tried to withdraw again with the same amount, and I was waiting for almost a month. However, my request was still pending, because this broker didn’t make it. Hence, I contacted them for several times and they are not responding on email and even live chat. Only one time, I was able to chat with their representative who seemed alive, but I was kicked from the session without reason after a while. Immediately, their chat was offline. Thus, their phones and email are not working, so their support is so poor. Finally, I can’t stand with this broker, so I left them. BFSforex stole all my money, and I don’t recommend them to traders.

Seje trader
review BFSforex
23-05-17

I have used BFSforex for 1 year, and I really satisfy this broker. Thus, BFSforex always tries to serve me with their best conditions whenever I have difficulties in trading. I usually trade stocks at this broker, and now I move to the currency side. Yesterday, I earned profit 850$, when I deposited 600$ in trading. Therefore, I decided to withdraw my profit, and 4 hours later, I received money. It’s so fast. I always trade in EUR/USD, so I can earn interest on their available balance with interesting annum interest credited monthly. In addition, spreads don't widen during news release and instant deposits. Their platform really impresses me and it is one of the best platforms for trading forex. Overall, BFSforex is really the best broker ever. If you have plan to trade forex, you must trade with them.

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