BSIFX

BSIFX Information

BSIFX is a global broker founded in 2018. It does not deliver clients' orders through a Dealing Desk. It offers a range of account types and supports MT4 platforms. BSIFX provides spread options starting from 2.0 pips for the classic account and offers leverage up to 1:100. It requires a minimum deposit of $250. However, it lacks any regulation.

Pros and Cons

Is BSIFX Legit?

BSIFX is not regulated by any financial regulatory authorities. Besides, its domain status shows that client transferring is prohibited. Please be aware of the risks!

What Can I Trade on BSIFX?

BSIFX offers over 100 instruments, including forex, commodities, indexes and stocks.

Account Types

BSIFX offers 3 types of trading accounts, each tailored to different account size, trading styles and experience levels. In addition, BSIFX provides demo accounts for practice. All accounts are in line with Islamic control. The accounts differ mainly in their spread structure and deposit sizes, allowing traders to choose the best fit based on their strategy.

Leverage

BSIFX offers leverage of up to 1:100. A high leverage ratio brings high returns along with high risks.

BSIFX Fees

Overall, BSIFX's trading fees are considered reasonable, especially with their flexible account types offering tight spreads.

Spreads: Start as low as 1.0 pips on the VIP account, and start from 2.0 pips on the classic account.

Commissions: Not mentioned.

Swap Fee: Not mentioned.

Trading Platform

Deposit and Withdrawal

BSIFX does not charge any deposit or withdrawal fees, making it cost-effective for clients to fund and withdraw from their trading accounts. However, there is a minimum deposit amount of $250.