BCFEX

General Information & Regulation

Founded in 2016 and headquartered in London, UK, BCFEX is a multi-asset trading company offering investors financial instruments such as cryptocurrencies, CFDs, Forex. BCFEX is currently not subject to any effective regulation.

Market Instruments

BCFEX offers investors access to some financial instruments, including currency pairs in the Forex market, CFDs, cryptocurrencies, and binary options. Tradable instruments offered by BCFEX seem pretty average, as some popular assets not available, like indices, shares, ETFs, etc.

Minimum Deposit

The minimum initial deposit part is not fully disclosed. Most brokers would require a minimum initial deposit of $100-$200 for brokers to start a basic account.

BCFEX Leverage

Spreads and Commissions are not mentioned on the BCFEX website.

Spreads & commissions

BCFEX does not announces any key trading conditions on its website. A broker is usually by adding spreads and commissions onto a traders trade to make a profit. No clear trading conditions are provided, such as spreads, commission, which means brokers are vague about trading fees to cheat traders.

Trading Platforms

BCFEX offers investors the leading MT5 trading platform on the market. MT5 is the latest version of MT4 and has all the positive features of the MT4 platform, including more built-in technical indicators and timeframes. However, it is not as stable as the MT4 trading platform.

BCFEX Pros & Cons

BCFEX Advantages Include:

1. MT5 trading platform

BCFEX disadvantages Include:

1. Not subject to any regulation

2. Narrow range of trading products

3. Showing no information about trading conditions (such as spreads, commissions, etc.)

4. No account information

5. Absence of information on deposit and withdrawal