Beaconforex is a CFD broker with a domain registered on March 13, 2024. This broker primarily provides investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services in countries or regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the public information on its website (beaconforex.online), Beaconforex claims to have been established in 2016, with its company entity as VLS and regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose detailed company registration or regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) had no records of a regulated company named "VLS."
Therefore, Beaconforex (beaconforex.online) is actually a scam broker site with no company entity or regulatory oversight.
Account Opening Process
Beaconforex account opening process: Visit the broker's website, click on "Open Account" on the homepage or "SIGN UP" in the upper right corner of the webpage to enter the account registration page. Fill in the required personal information such as name, email, and set a login password, then submit. Once the account is verified, the registration is complete.
Trading Instruments
Beaconforex offers various trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, enabling traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can find diverse trading opportunities and use high leverage to enhance potential returns.
- Commodities: Commodity trading covers essential resources in the global market, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price movements and dividends of public companies based on their performance without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the chance to profit from high-volatility assets.
Investment Plans
Beaconforex offers eight different types of investment plans: STARTER, PREMIUM, VIP MEMBERSHIP, FOREX SIGNAL SUBSCRIPTION, STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER:
- Minimum Deposit: $600
- Minimum Expected Profit: $2,500
- Maximum Expected Profit: $5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profits
PREMIUM:
- Minimum Deposit: $1,500
- Minimum Expected Profit: $10,500
- Maximum Expected Profit: $15,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profits
VIP MEMBERSHIP:
- Minimum Deposit: $5,000
- Minimum Expected Profit: $15,000
- Access to Full Benefits
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profits
FOREX SIGNAL SUBSCRIPTION:
- Professional Forex Signals
- Up to 10 Signals Daily
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payments Only
- Use Any Broker
STARTER ACCOUNT:
- Minimum Deposit: $500
- Minimum Expected Profit: $3,500
- Maximum Expected Profit: $5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profits
CLASSIC ACCOUNT:
- Minimum Deposit: $5,000
- Minimum Expected Profit: $45,000
- Maximum Expected Profit: $50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profits
PLATINUM:
- Minimum Deposit: $10,000
- Minimum Expected Profit: $99,999
- Access to Full Benefits
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profits
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals Daily
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payments Only
- Use Any Broker
Trading Platform
Beaconforex provides a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over 12,000 orders executed per second from an extensive range of liquidity providers.
Deposits and Withdrawals
Beaconforex does not support deposits or withdrawals via credit/debit cards or bank wire transfers. Users can only deposit and withdraw using cryptocurrencies.
Conclusion
Traderknows reminds investors that beaconforex is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
