BWSTOCK-Overview of Minimum Deposit, Leverage, Spreads
abstrak：BWSTOCK is supposed to be forex broker registered in the United States, owned and operated by a company named BWSTOCK LIMITED. WikiFX shows that this brokerage is not authorized or regulated by any regulatory authorities, and it gets a low score of 1.46 on WikiFX based on five indexes, namely Regulatory Index, License Index, Risk Management Index, Software Index, Business Index. Although this alone does not that it is definitely a scam, investors are advised to be aware of the risk.
Note: BWSTOCK's official website: https://www.bwstock.com/is currently inaccessible normally.
BWSTOCK Information
BWSTOCK is an unregulated brokerage company in the United States. There are some complaints and negative reviews about this broker, which make this broker untrustworthy to trade with.
Is BWSTOCK Legit？
BWSTOCK currently does not hold any valid regulatory certificates. It lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.
Downsides of BWSTOCK
- Regulatory Concerns
BWSTOCK is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
- Unavailable Website
BWSTOCK's official website is currently inaccessible. So maybe it's time to find another brokerage.
- Lack of Transparency
There is a notable lack of information about BWSTOCK available online. This lack of transparency can really dampen investors' enthusiasm.
- Withdrawal Difficulty
According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals. Despite the request being pending for over a week, the issue remained unresolved.
Negative BWSTOCK Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are four pieces of BWSTOCK exposure in total. I'll introduce two of them.
Exposure 1. It is a flagship store
| Classification | Unable to Withdrawal |
| Date | February 14, 2019 |
| Post Country | Hong Kong |
The user said that “Unable to withdraw the profits of $180 from this scam platform”. You may visit: https://www.wikifx.com/en/comments/detail/208024668814487.html
Exposure 2. Black platform
| Classification | Unable to Withdrawal |
| Date | January 5, 2019 |
| Post Country | Hong Kong |
The user said that “I put in $1,000 and traded for two days, making a profit of $164.31.I applied for payment, but the platform refused”. You may visit: https://www.wikifx.com/en/comments/detail/208019447504480.html
Trading Platform
MT5 (MetaTrader 5) is available with BWSTOCK. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides excellent tools for various price analysis, use of algorithmic trading applications and copy trading.
Customer Support Options
For any question you might have, help may be available by phone (4001208916) or email (cs@bwstock.com).
Conclusion
Lack of transparency is a huge barrier for beginning traders. BWSTOCK is not a trusted broker because it is not regulated by a financial authority with strict standards. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.
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