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BankDeFx -

Score

1.45 /10
Danger

BankDeFx

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://bankdefx.com

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Score

Regulatory Index0.00

Business Index6.53

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

BankDeFx Limited

Company Abbreviation

BankDeFx

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

BankDeFx · Company summary

Note: BankDeFx's official website - https://bankdefx.com is currently inaccessible normally.

BankDeFxReview Summary
Founded2021
Registered Country/RegionChina
RegulationNo regulation
Market InstrumentsForex, etc.
Demo Account/
LeverageUp to 1:20
SpreadFrom 2.8 pips
Trading PlatformWeb-based
Min Deposit$250
Customer Support/

Founded in 2021, BankDeFx is an unregulated forex broker registered in China, offering forex trading with leverage up to 1:20 and spread from 2.8 pips via a web-based platform. The minimum deposit requirement is up to $250.

Pros and Cons

Pros Cons
Popular payment optionsInaccessible website
Lack of valid regulation
Wide spreads
Not support MT4 or MT5
High minimum deposit
No contact channel

Is BankDeFx Legit?

No, BankDeFx is not regulated. Moreover, FMA (a financial authority in Austria) issued a warning notice about this company. Therefore, please be aware of the potential risks.

FMA information
Domain information

Leverage

The leverage can be up to 1:20, which is relatively low. However, customers still need to be careful, because high leverage may bring high potential risks.

Trading Platform

BankDeFx uses its own web-based trading platform.

Trading PlatformSupported Available Devices Suitable for
Web Trader✔Web/
MT4❌/Beginners
MT5❌/Experienced traders
Web Trader

Deposit and Withdrawal

BankDeFx supports several payment options, including credit/debit cards, Skrill, Neteller, and wire transfers. The minimum deposit is $250, but other details, such as the minimum withdrawal, the processing time, and fees, are not clear.

User Reviews

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User comment

2

Comments

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您的小姨
more than one year
This unregulated broke, BankDEFX, is notorious for manipulating spreads to their advantage, leading to significant losses for traders. In my experience, this company is a scam, and I strongly advise others to avoid doing business with them. there are many better options like exness, fp markets, to provide you with better services.
This unregulated broke, BankDEFX, is notorious for manipulating spreads to their advantage, leading to significant losses for traders. In my experience, this company is a scam, and I strongly advise others to avoid doing business with them. there are many better options like exness, fp markets, to provide you with better services.
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2023-03-22 13:36
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V229333455维权
more than one year
This company is a scam - don't get involved. They are unregulated and unlicensed - they are very convincing when they are looking for you to deposit money. Their brokers will open trades without your permission and they ignore withdrawal requests if you are trying to get out of it.
This company is a scam - don't get involved. They are unregulated and unlicensed - they are very convincing when they are looking for you to deposit money. Their brokers will open trades without your permission and they ignore withdrawal requests if you are trying to get out of it.
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2023-03-07 16:35
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