bnbtgroup-Overview of Minimum Deposit, Leverage, Spreads

General Information

Established in 2021, bnbtgroup presents itself an online forex broker, offering its clients easy access to diversified range of financial markets, such as currencies, Commodities, Cryptocurrencies, and Indices. FX Tray claims that it offers three types of accounts, with the minimum deposit of $250, leverage up to 1：300.

However, bnbtgroup is quite vague on who runs it and its registered office address.

Is bnbtgroup safe to trade with？

bnbtgroup has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.08 out of 10.

Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Before making any choice, investors are advised to check out a forex brokers regulatory status on WikiFX.

Market Instruments

bnbtgroup says it provides access to a total of 5 classes of popular and mainstream financial instruments, Foreign Exchange, Metals, Indices, Cryptocurrencies, Futures, Shares, all available through this brokerage platform.

Account Types

Three trading accounts are available with the bnbtgroup Platforms, namely Bronze, Silver and Gold accounts.

Bronze-This type of account is suitable for beginners or inexperienced traders, with its minimum deposit of $ 250, a little bit higher than its peers requirements.

Silver-This account is suitable for all kinds of traders and it asks for an initial deposit of $3,000, a high account-opening amount.

Gold-The account seems to be more suitable for professional traders and experienced trades, and traders who want to try this account need to fund at least $10,000.

However, although this broker asks for high deposits, it does not offer corresponding account services, like Exclusive Webinars, Private Event, and Personal Business Plan.

Spreads & Commissions

Spreads are not disclosed on the bnbtgroup website, and you can check out its spreads on its web trading platform.

Leverage

When it comes to leverage, bnbtgroup permits traders to use leverage of up to 1:300, which is significantly higher than the levels regarded appropriate by many regulators.

Bear in mind that high leverage is not always the good thing, as it can magnify gains as well as losses.

Trading Platform

Bnbtgroup fails to provides its clients the industry-leading MT4 or MT5 trading platform, a webtrader with simple design instead.

Payment Methods

Bnbtgroup allows its clients to make a deposit and withdrawal through two limited payment options:

l Credit Card

l Bank Transfer

Customer Support

Traders with any inquiries or trading-related issues can only get in touch with Bnbtgroup through an email it gives: support@bnb-tgrp.com.

Other more direct contact channels, like phone support and online communication, are not available.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.