Score

1.50 /10
Danger

Bein Markets

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Website

Score

Regulatory Index0.00

Business Index6.96

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Leverate Financial Services Ltd

Company Abbreviation

Bein Markets

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2025-02-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Bein Markets · Company summary

Note: Bein Markets' official website: https://beinmarkets.eu/ is currently inaccessible normally.

Bein MarketsReview Summary
Founded/
Registered Country/RegionCyprus
RegulationCySEC (Revoked)
Market InstrumentsForex, indices, precious metals, stocks, and energy
Demo Account/
LeverageUp to 1:30
SpreadFrom 0.9 pips (Standard account)
Trading PlatformSirix Web Trader, MT4 trading platform, and Sirix Mobile
Min Deposit$250
Customer SupportPhone: +357 25254422
Email: support@beinmarkets.eu
Address: 4th Floor, Office 401, Zavos City Centre, 88 Agias Fylaxeos Street, 3025 Limassol, Cyprus, Zavos City Center, 4th Floor 88 Agias Fylaxeos Street 3025 Limassol Cyprus

Bein Markets, headquartered in Cyprus, operates without regulation. Bein Markets offers various market instruments like forex currency pairs, indices, precious metals, stocks, and energy trading.

Pros and Cons

Pros Cons
Tight spreadsInaccessible website
Various trading assetsHigh minimum deposit
High commissions charged
Not regulated

Is Bein Markets Legit?

Bein Markets's regulation is revoked. It means that Bein Markets doesn't need to obey the rules and traders should be cautious when trading.

Revoked CySEC license

What Can I Trade on Bein Markets?

Tradable Instruments Supported
Forex
Currency pairs
Indices
Precious metals
Stocks
Energies
Options

Account Type

Bein Markets offers four account types: Standard, Gold, Platinum, and Islamic.

Account TypeMinimum deposit
Standard$250
Islamic$250
Gold$10000
Platinum$25000

Leverage

Bein Markets provides leverage up to 1:30. Higher leverage always comes with high profits and high losses.

Spreads and Commissions

The spread of Bein Markets is variable, starting from 0.5 pips for Platinum, Gold, and Islamic accounts, and Standard account starts from 0.9 pips.

For only on US & EU Shares, the commission of Standard account is 0.5% per deal, Gold account is 0.4% per trade, Platinum account is 0.35% per trade, and Islamic account is 2% per trade.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Sirix Web TraderWebExperienced traders
MT4Desktop, Mobile and WebBeginners
Sirix MobileApple and Android devicesExperienced traders
Trading Platform

Deposit and Withdrawal

Bein Markets can deposit and withdraw through wire transfer, VISA, MasterCard credit and debit cards, and e-wallets.

User Reviews

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User comment

9

Comments

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Jankal
more than one year
Till now everything is fine. Withdraws works. Tight spreads. Looks good to me but reviews are bit scary. Have expirience with that company for 5+ months.
Till now everything is fine. Withdraws works. Tight spreads. Looks good to me but reviews are bit scary. Have expirience with that company for 5+ months.
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2024-07-05 10:51
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Brian Lewis
more than one year
The Bein Markets mobile app is convenient, but it lacks some advanced features I find helpful, such as in-depth charting tools.
The Bein Markets mobile app is convenient, but it lacks some advanced features I find helpful, such as in-depth charting tools.
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2024-06-28 14:06
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