Our Review of Bforex Ltd
Bforex is a leader in forex trading, providing superior trading experience and intuitive trading interfaces to customers. Bforex has excelled in offering customers with the best interaction with forex markets. Bforex offers excellent execution speeds, customer support and web-based trading platforms. Bforex offers support personnel to assist customers with varying experience. Bforex ensures customers can always execute stop and limit orders under all market conditions. Bforex is focused on maintaining a loyal and growing customer base. The company also offers partnerships with institutions via its broker and white label programs. Bforex has a dedicated team of professionals to ensure the best service, trading platforms and user experience.
Bforex allows an easy and web-based process to open a new account. You can start by giving your name, email, country and contact phone, and you are on your way to complete the account opening process. The customer can start trading as soon as the account is approved and depositing an initial balance.
Commissions and Spreads
Bforex requires margin amounts corresponding to the customer’s account size, balance, transactions and market conditions. Bforex offers different spreads depending on the customer’s margin requirements and current positions. Bforex requires the client to be responsible for maintaining all margin requirements.
Bforex offers multiple trading platforms. These include the web-profit, the profit trading and the trading app for iPhone. The platforms are highly adaptable, and the customers love the ability to customize their views. The platforms are available in multiple languages such as French, English, Spanish, Russian, Italian, Arabic, Polish, Dutch, Finnish and Turkish. The trading platforms are all web-based, which means you can trade even from the comfort of your living room.
The trading platforms provide streaming news feeds, charting packages, trading signals, automated trading, trade from charts, market commentary, email alerts, mobile alerts, hedging, trailing stops, guaranteed stop loss, interest on margin, one-click execution, mobile trading and web-based trading.
Deposits and Withdrawals
The deposit options include money bookers, credit cards, paypal, wire transfer, western union, money gram, bank guarantee, custodian banks and debit cards. You can login to your account, verify your identity and deposit the needed amount.
The withdrawal options include credit cards, Paypal, Money bookers, wire transfer, western union, web money and money gram. You can login to your account, and request an amount that is not on hold from any pending transactions.
The company offers customer support via phone, email and live chat. You can reach customer support on a 24/7 basis on all days. You can talk to experienced customer support personnel about opening new accounts, trading questions, deposits and withdrawals.
Bforex does not follow the UK regulations. The UK customers are unable to access some of the financial services offered in UK.
The company follows all the applicable laws and regulations wherever it operates locally.
The leverage rate ranges from 1:50 to 1:300 depending on the account type. Bforex does not allow exposure to more than $30 million in any account. The leverage rate is pre-defined by Bforex when the client opens the account. The customer may request a lower leverage by contacting the customer support team. Bforex reserves the right to alter the leverage rate at any time. Bforex charges an inactivity fee of $100 every quarter.
Promotions and Bonuses
The company does not offer any bonus on deposits. However, it offers a bonus on initial deposits. Further, Bforex offers bonuses based on the volume of transactions. The company also offers various other bonus programs from time to time.