BeFX-Overview of Minimum Deposit, Leverage, Spreads

BeFX was registered in 2019 in Chile and offers all kinds of trading instruments, including Forex, ETFs, cryptocurrencies, CFDs, commodities, stocks and indices with leverage up to 1:200 via the XOH trading platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.

Pros and Cons

Is BeFX Legit?

No. BeFX has no regulations currently. Please be aware of the risk!

What Can I Trade on BeFX?

Account Type

Leverage

BeFX offers the maximum trading leverage of up to 1:200 for all account types. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Trading Platform

Deposit and Withdrawal

BeFX accepts payments via webpay.cl, MasterCard, Visa, Wire Transfer, Skrill, and Neteller.