Basel Capital Markets (BCM) is a Cyprus-based CFD broker that primarily offers trading services in forex, stocks, commodities, indices, and more. The broker operates within the European Economic Area (EEA), excluding Belgium and Malta, and does not provide services to residents or citizens of the United States. Their official website can be found at https://baselcapitalmarkets.de/, and it is available in English only.
Company Background:
BCM operates under the entity Leverate Financial Services Ltd, which is registered in Cyprus with registration number HE 290182. The registered address is 88 Agias Fylaxeos Street, Zavos City Centre, 4th Floor, Office 401, 3025, Limassol, Cyprus. The BCM domain, https://baselcapitalmarkets.de/, was registered on 01/06/2020, according to a WHOIS query.
Regulatory Status:
For the information available on their official website, the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and holds a regulatory license with license number 160/11 ("the Company"). A CySEC search confirms that BCM is indeed under the supervision of the Cyprus Securities and Exchange Commission, with the license being granted on 27/12/2011. However, it's worth noting that the regulatory authority is reviewing whether BCM has voluntarily relinquished its license.
BCM has announced on its official website its intention to terminate its operations and surrender regulatory license No. 160/11. The company suspended all investment and ancillary services on August 10, 2023, and all trading accounts will be automatically terminated as of August 28, 2023.
Market Instruments:
BCM offers a range of trading instruments, including:
- Stocks: Investors can trade various stocks, including well-known companies such as Apple, Google, Netflix, eBay, Coca Cola, Visa, American Express, Microsoft, and more.
- Forex: BCM provides Contract for Difference (CFD) forex trading services, allowing users to trade 24/5.
- Commodities: Investors can trade various commodities, including oil, natural gas, precious metals (such as gold and silver), and agricultural products.
- Indices: BCM offers a variety of index trading options, including the German DAX, the American NASDAQ, the French CAC, the Hong Kong 50, and others.
Trading Platforms:
BCM offers the MT4 trading platform and SIRIX TRADER trading platform, available on desktop, web, and mobile devices.
Account Types:
BCM provides four account types for users to choose from:
- Silver: Minimum deposit of 500€ / $ / £, starting spreads from 1.1, stock commissions of 0.5%, and fixed trading fees.
- Gold: Minimum deposit of 10,000€ / $ / £, starting spreads from 0.8, stock commissions of 0.4%, with a 10% trading fee discount.
- Platinum: Minimum deposit of 50,000€ / $ / £, starting spreads from 0.5, stock commissions of 0.35%, and a 25% trading fee discount.
- VIP: Minimum deposit of 150,000€ / $ / £, starting spreads from 0.2, stock commissions of 0.3%, with a 50% trading fee discount.
These account types share several common features. They operate with market execution to ensure trades are executed at real-time market prices, provide negative balance protection to prevent account liabilities from exceeding deposits, offer variable spreads, and support leverage of up to 1:30. Investors are required to maintain 100% margin and trigger a 50% loss stop level to limit further losses. The accounts allow trading in various asset classes, including currencies, commodities, indices, stocks, and blockchain assets. Traders can choose from multiple trading platforms, including MetaTrader 4 (MT4) and SIRIX Web Trader. Additionally, these accounts support trading on iOS and Android mobile devices and are all regulated by CySEC.
Deposits and Withdrawals:
The broker supports multiple deposit and withdrawal methods, including giro pay, Visa, Trustly, NETELLER, Skrill, and sofort.
Customer Support:
Users can contact the company by sending an email to @baselcapitalmarkets.de for further assistance.
Summary:
The Cyprus Securities and Exchange Commission (CySEC) is reviewing whether BCM has voluntarily relinquished its license. BCM has announced on its official website its intention to terminate its operations and surrender regulatory license No. 160/11. Currently, the broker is no longer providing services to users and is listed as "Ceased Business" on TraderKnows.
