Score

1.57 /10
Danger

BULLFOREX

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm United Kingdom

High potential risk

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Comparison

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Score

Regulatory Index0.00

Business Index7.44

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

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

BULLFOREX

Company Abbreviation

BULLFOREX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-22
  • The claimed United KingdomFCA regulation (license number: 470392) is verified as a clone firm. Please pay attention to 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

BULLFOREX · Company summary

Note: BULLFOREX's official website: http://crm.bullforex.top:81/ is normally inaccessible.

BULLFOREX Information

BULLFOREX is an unregulated brokerage company registered in the United Kingdom. While the broker's official website has been closed, so traders cannot obtain more security information.

Is BULLFOREX Legit?

Is BULLFOREX Legit?
Financial Conduct Authority(FCA)
Current StatusClone Firm
Regulated by United Kingdom
License TypeInstitution Forex License (STP)
License No.470392
Licensed InstitutionYCM-Invest Ltd

BULLFOREX is authorized and regulated by the Financial Conduct Authority(FCA). Its current status is Clone Firm, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.

Is BULLFOREX Legit?

Downsides of BULLFOREX

  • Unavailable Website

The website of BULLFOREX is inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since BULLFOREX does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

The FCA regulates BULLFOREX. However, the Clone Firm status is less safe than a regulated one.

Conclusion

BULLFOREX Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Clone Firm status indicates that the trading risks of the broker are high. It is advisable to choose regulated brokers with transparent operationsto ensure the safety of your investments and compliance with legal standards. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

User Reviews

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User comment

1

Comments

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FX1141318583
more than one year
This company seems untrustworthy, from the regulatory license to the address to the trading platform MT4. Fortunately, no one seems to be cheated.
This company seems untrustworthy, from the regulatory license to the address to the trading platform MT4. Fortunately, no one seems to be cheated.
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2022-12-12 10:46
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