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No Regulation
Score
1.57 /10
Danger
Bedafx
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
Vanuatu Retail Forex License Revoked
High potential risk
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Comparison
Quantity 3
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.48
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
3
Previous Detection :
2025-01-11
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- VanuatuVFSC (license number: 40252) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
WikiFX Verification
Exposure
3 pieces of exposure in total Pyramid scheme complaint
Expose| BedafxReview Summary | |
| Founded | Not mentioned |
| Registered Country/Region | Vanuatu |
| Regulation | No regulation |
| Market Instruments | Forex, CFDS |
| Demo Account | Not mentioned |
| Leverage | Up to 1:400 |
| Spread | around 3.3 pips |
| Trading Platform | MT4 |
| Min Deposit | $500 |
| Customer Support | 4000602789 |
| info@bedafx.cnsupport@bedafx.com | |
Bedafx Information
Bedafx, a broker registered in Vanuttu, allows traders to trade Forex and CFDs using the MT4 platform. It is currently in a state without any supervision, carrying certain risks.
Pros and Cons
| Pros | Cons |
| Support MT4 | No regulation |
| Few types of trading instruments | |
| The minimum deposit threshold is up to $500 | |
| The spread is as high as 3.3 pips | |
| Standard account only |
Is Bedafx Legit?
Bedafx's license was revoked and it is in an abnormal regulatory state. At present, it has certain risks.
What Can I Trade on Bedafx?
Bedafx offers traders different trading instruments, including 20 foreign exchange pairs, which allow traders to trade contracts for Difference (CFDS) on precious metals such as gold, silver, platinum and palladium, as well as energy products CFDS, which provide exposure to the price movement of commodities such as crude oil, natural gas and other energy derivatives.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDS | ✔ |
| Precious metals & Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
Bedafx mainly provides a standard account, which is the main account that traders can choose from. The minimum deposit required for this account is $500.
Leverage
The maximum leverage offered by Bedafx is 1:400, which is relatively high.
Bedafx Fees
The spread offered by Bedafx for the euro/dollar is hovering around 3.3 pips, which is already high. In addition, this broker does not provide detailed information on the commission.
Trading Platform
Bedafx offers the MT4 trading platform, which can be used anytime, anywhere on mobile devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mobile | Beginner |
| MT5 | ❌ |
Deposit and Withdrawal
The payment method of this broker is not publicly stated, only that the minimum deposit is $500.
Customer Service
Bedafx does not offer traders a 24/7 online service. There are two ways traders can get customer support: by phone and by email.
| Contact Options | Details |
| Phone | 4000602789 |
| info@bedafx.cnsupport@bedafx.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Physical Address | ❌ |
3
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