Abstract:BeeMarkets, a Comoros-based brokerage entity, is facing a massive backlash from users recently. They have reported about the disappearing funds, platform-related glitches and more while sharing the BeeMarkets review online. If these issues resonate with you, this is your article to read! Here, we have evaluated the user allegations against the broker, its product offerings and the regulatory supervision it is subject to.

BeeMarkets, a Comoros-based brokerage entity, is facing a massive backlash from users recently. They have reported about the disappearing funds, platform-related glitches and more while sharing the BeeMarkets review online. If these issues resonate with you, this is your article to read! Here, we have evaluated the user allegations against the broker, its product offerings and the regulatory supervision it is subject to.
BeeMarkets seems to be a valuable proposition for investors seeking to invest in brokerage products after checking its official website. The marketing language on the brokers homepage - Low Cost, Exceptional Service immediately intrigues users. As they see another promo saying spreads starting from zero, their intention to trade with the broker further enhances.
The broker is currently servicing customers across these markets -
At BeeMarkets, you can open any of these four trading accounts - Standard, Pro, Expert and Corporate. We have specified the brokers advertisement across these accounts in the table below. Take a look.
| Account Type | Minimum Deposit (USD) | Minimum Spread | Maximum Leverage | Commission | Minimum SL |
| Standard | 10 | 0 pips | 1:1000 | 1.5-2.3 per lot | 0-0.1 pips |
| Pro | 10,000 | 0 pips | 1:200 | 1.5-2.3 per lot | 0-0.1 pips |
| Expert | 1,000 | 0 pips | 1:400 | 1.5-2.3 per lot | 0-0.1 pips |
| Corporate | 50,000 | 0 pips | 1:200 | 1.2 per lot | 0-0.1 pips |
BeeMarkets undoubtedly catches ones attention with appealing offers across different assets. Examples include the low spread and low commission.
However, as we glance at the trading account types and the conditions specified by the broker, things become slightly mixed.
The minimum deposit required in Pro and Expert are slightly higher, making the ownership of these accounts slightly expensive. The Corporate account, expectedly, had a greater minimum deposit requirement.
On the other hand, the leverage offering is impressive but can be counterproductive in a volatile market scenario. For example, if the market moves even slightly against your high leveraged position, it can quickly lead to account blowups and a margin call by the brokerage entity.
Top jurisdictions such as the UK will have brokers offering a leverage of up to 1:30 to help avoid such undesirable trading outcomes.
A Portuguese trader recently alleged that BeeMarkets lets users open a metatrader account, deposit and trade. However, the trader, while explaining his case, reported that the account was not enabled for MetaTrader 5 (MT5). As the user contacted the support team, he was informed that the company no longer had MT5. At the same time, the user accused the brokerage firm of charging deposit and withdrawal fees and asked for a return of the same. The trader made these allegations in this BeeMarkets review.

BeeMarkets has been labeled a scammer by some traders from Britain and France. Although they did not explain how the company executed the scam, their frustration was evident. Here are two negative BeeMarkets reviews, where users have called the broker a scam operation.


A trader from the United Kingdom, shortly before the publication of this review article, claimed to have taken support from the legal firm to recover the funds stuck on the BeeMarkets login dashboard. The user appreciated the firms professional and empathetic support that helped him recover funds. He explained all that in this review. Have a look.

The recent complaints against BeeMarkets made it necessary to investigate its regulatory status. The WikiFX team found that the broker has three licenses, including one for forex trading by the Australian Securities and Investments Commission (ASIC). Other licenses gained by the brokerage entity are from the Capital Market Authority (CMA) in the United Arab Emirates and the Anjouan Offshore Finance Authority in Comoros. The sheer weight of these regulatory licenses makes the broker score 6.16 out of 10. However, if complaints continue to pile up against the broker, the score might reduce. Its therefore important for BeeMarkets to resolve customer issues fast and ensure a seamless operation for its clients.
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