BeFX-Overview of Minimum Deposit, Leverage, Spreads
Abstract：BeFX was registered in 2019 in Chile and offers all kinds of trading instruments, including Forex, ETFs, cryptocurrencies, CFDs, commodities, stocks and indices with leverage up to 1:200 via the XOH trading platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.
| BeFX Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Chile |
| Regulation | Unregulated |
| Market Instruments | Forex, ETFs, cryptocurrencies, CFDs, commodities, stocks and indices |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Spread | / |
| Trading Platform | XOH trading platform |
| Min Deposit | $500 |
| Customer Support | Tel: 56232767335 |
| WhatsApp: 569 3418 9983 | |
| Email: clientes@mundobefx.com | |
| Address: El Bosque Norte #0123 Oficina 603 Las Condes, Santiago | |
BeFX was registered in 2019 in Chile and offers all kinds of trading instruments, including Forex, ETFs, cryptocurrencies, CFDs, commodities, stocks and indices with leverage up to 1:200 via the XOH trading platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.
Pros and Cons
| Pros | Cons |
| Diverse trading products | Unregulated |
| Demo accounts | No MT4 or MT5 |
| Multiple account types | High minimum deposit |
| Popular payment options |
Is BeFX Legit?
No. BeFX has no regulations currently. Please be aware of the risk!
What Can I Trade on BeFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Basic | Silver | Gold | Black |
| Min Deposit | $500 | $500 | $2,000 | $10,000 |
Leverage
BeFX offers the maximum trading leverage of up to 1:200 for all account types. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| XOH Trader platform | ✔ | Desktop, Android, IOS | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
BeFX accepts payments via webpay.cl, MasterCard, Visa, Wire Transfer, Skrill, and Neteller.
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