WikiFX Review: What You Should Know About Bridge FX!

WikiFX | 2022-11-09 14:15

Abstract：Stay away from brokerage firms like Bridge FX that are not authorized by national financial institutions.

In the face of all kinds of financial frauds, are you still struggling with which dealer is trustworthy？ WikiFX can help you!!! Search on WikiFX before investing to avoid bad reviews of traders. Today WikiFX is going to talk about Bridge FX with you and find out if this broker is reliable.

About Bridge FX

Bridge FX said that they are dedicated to giving investors the very best of Service for Forex, Commodities, Stocks and Crypto Currencies. The company added that it is based in the UK and licensed by the country financial institute. To find out if a forex broker is trustworthy, check first that it is registered and authorized with a local financial institution.

As we can see from the figure above that the query result is quite negative –no company named “Bridge FX” is shown on the Financial Conduct Authority. It clearly proves that Bridge FX is not authorized by FCA but offered financial services and products in the UK. All members of the British public should be careful and stay away from it. Because you are unlikely to get your money back if things go wrong.

In addition, to get a better idea of Bridge FX, WikiFX also paid a visit to its official website. Bridge FX tries to convince us they are a legit and professional broker, but it turns out to be the opposite.

Bridge FX offers four types of trading accounts, the descriptions of which provide us with further evidence that this is not a regulated forex broker.

The so-called “advanced plan” requires a minimum deposit of $1001 to start the account, with an effective ROI of 5% daily for 5 days. And the so-called “executive plan” requires a minimum deposit of $15000 with an effective ROI of 10% daily for 10 days. over 24 days This is ridiculous! That's not what legitimate brokers do. Only a scammer can guarantee a high rate of return, because it uses an unrealistic ROI to lure clients to invest their money. As you can imagine, all of your hard money will end up in their pockets.

Bridge FX did not specify the terms of the transactions. On its website, you can't see the minimum deposit, leverage, spread and other trading conditions, nor do you know the deposit method and withdrawal conditions. Anyway, all the specific terms of the deal you want to know are not mentioned here. Apparently, there's only one reason he's doing this – Bridge FX 's trying to trick green hand to invest first, but it's hard to get your money out once you put it in.

Bridge FX does not have trading software. The website doesnt even mention this basic forex trading tool and and there is no link to download the trading software. Since Bridge FX promises to provide an automated trading platform,but I scoured the entire site and couldn't find any clue about a trading platform, let alone an industry perfect platform like MT4/MT5.

Now let's search “Bridge FX” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/6814630962.html), Bridge FX currently has no valid regulatory license and the score is rather negative - only 1.26/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

WikiFX does not advise you to invest in an unregulated broker with a low WikiFX score like Bridge FX. Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Please do more research and make yourself comfortable before making a decision.

If you want to know more information about the reliability of certain brokers, you can click the information you want on this page Or you can download the WikiFX APP (https://wikifx1.onelink.me/QUVu/fiona) to find the most trusted broker for yourself.

Broker Forex trading Forex margin Forex Chart Forex indicator Forex Broker Forex strategy Forex Currency pair Forex Analysis Forex news forex market forex beginners Scam Alert Fraud Alert MT4 MT5

Related broker

Not Regulated

Bridge FX

Company name：Bridge FX Limited

Score

1.51

Website：https://bridgefxltd.com/

5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.51

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