Abstract:BLH Forex, a broker from Australia, provides traders with opportunities to trade cryptocurrencies, Forex, indices, commodities, stocks, equities and global indices. The trading platform currently supported is FX6. However, it currently operates in an unregulated state and is not secure.
BLH ForexReview Summary | |
Founded | Not mentioned |
Registered Country/Region | Australia |
Regulation | No regulation |
Market Instruments | Cryptocurrency, Forex, Commodities, Indices, Stocks, Equities |
Demo Account | Not mentioned |
Leverage | Up to 1:100 |
Spread | Not mentioned |
Trading Platform | FX6 |
Min Deposit | Not mentioned |
Customer Support | Phone: +81 8092876777 |
Email: blhforex123@gmail.com | |
Physical Address: FLOOR 1 OFFICE 25 22 MARKETSQUARE LONDON UNITED KINGDOM E14 6BU |
BLH Forex, a broker from Australia, provides traders with opportunities to trade cryptocurrencies, Forex, indices, commodities, stocks, equities and global indices. The trading platform currently supported is FX6. However, it currently operates in an unregulated state and is not secure.
Pros | Cons |
Zero commission | No regulation |
A variety of tradable assets | MT4/5 is not supported |
No account information was provided | |
Spread commission information is not clear | |
Terms of payment unknown |
BLH Forex is currently not under the supervision of effective regulators and operates outside the law, carrying large risks.
BLH Forex primarily positions itself as a cryptocurrency broker, but the instruments that traders can trade on BLH Forex also include Forex, stocks, equities, global indices and commodities.
Tradable Instruments | Supported |
Cryptocurrency | ✔ |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Stocks | ✔ |
Equities | ✔ |
Bonds | ❌ |
ETF | ❌ |
What can be known is that BLH Forex offers London Gold with a leverage ratio of 100 times and Gold T+D with a leverage ratio of about 12.5 times.
The broker emphasized that it offers traders a trade with zero commission, but did not mention specific information about the spread. In addition, BLH Forex claims to have the lowest warehouse interest expense in the industry, but the specifics are unknown.
BLH Forex offers the FX6 trading platform, which can be easily used on PC, Android and iOS devices.
Trading Platform | Supported | Available Devices | Suitable for |
FX6 trading platform | ✔ | Desktop, Mobile | Beginner |
MT4 | ❌ | ||
MT5 | ❌ |
BLH Forex does not state that it offers a 24/7 online service. There are three clear ways for traders to get customer support: phone, email and physical address.
Contact Options | Details |
Phone | +81 8092876777 |
blhforex123@gmail.com | |
Physical Address | FLOOR 1 OFFICE 25 22 MARKETSQUARE LONDON UNITED KINGDOM E14 6BU |
Even though BLH Forex claims zero commission trading and offers a large number of trading products, none of them can offset the impact of its current problems. BLH Forex does little to disclose critical information and is not regulated. It can be said that it is a poor quality and unsafe broker.
Does BLH Forex have comparative advantages?
Yes, 0 commission and a variety of trading products are its biggest advantages.
What tradable assets does BLH Forex offer?
BLH Forex offers trading products including cryptocurrencies, forex, stocks and more.
What are the transaction fees for BLH Forex?
BLH Forex is commission-free and the exact fees for spreads and overnight interest are not specified.
In Forex trading, even small fluctuations can make a significant difference, especially over the long term. One crucial factor that seasoned traders pay close attention to is the spread – the difference between the bid (selling) price and the ask (buying) price of a currency pair. While beginners may overlook its impact, experienced traders understand that spreads play a crucial role in trading costs, strategy selection, and overall profitability.
Analyzing last year's trading data offers invaluable insights into market trends, helps refine trading strategies, and enhances decision-making for future trades.
For new traders entering the world of forex, choosing the right broker is one of the most crucial decisions they’ll make. A reliable broker can serve as a trusted partner, providing a platform that’s secure, transparent, and regulated. However, with thousands of options available, selecting the right broker can be overwhelming. That is why WikiFX is here to make things easy for you!
In the world of online trading, a common misconception persists: trading is often seen as no different from gambling. This belief is particularly prevalent among newcomers, who may view the financial markets as a fast-paced game where winning is just a matter of luck. But trading, when done correctly, is far from mere chance!