Bbcfx Global Limited is a forex broker established at the end of 2023, primarily offering investors trading services in financial derivatives such as forex, stocks, futures, energy, precious metals, and cryptocurrencies. Given its recent establishment and limited registration information, investors should exercise caution and conduct thorough investigations to ensure its reliability.
Corporate Background:
This broker, Bbcfx Global Limited, is a newly established forex broker with limited registration information publicly disclosed, and there is no record of this broker in the official registration authorities. According to public information, the official domain name of this broker was registered on December 2, 2023, indicating that its establishment is very recent.
The broker claims its company address is 96 WADSWORTH BLVD NUM 127-3255 LAKEWOOD, CO 80226 U.S.A. Investigations found that this address is also used by multiple brokers including Leanx Global, suggesting a possible connection between these brokers. Investors should be wary of such black platforms to prevent loss to their personal assets.
Regulatory Status:
Public information on the official website of Bbcfx Global Limited indicates that it provides forex CFD trading services, registered with the United States National Futures Association (NFA) and authorized and regulated by them, with an NFA ID of 0558052.
Verification revealed that the NFA's official website lists the entity with registration number 0558052 as TONGLI WEALTH INCORPORATION, which is not a regulated member.
The web design and content of the broker's official website is suspiciously similar to the websites of brokers such as MultiBank Group Limited, CEREMOS, XM Market Limited, Dukascopy Trade MT5, CMC Market Trade MT5, FUNDING, possibly indicating the use of a shared template for website development.
Account Opening:
Bbcfx Global Limited offers a relatively simple account opening process. Customers need to visit the broker's official website and click the "Register" button on the homepage or the top right corner of the page to enter the account registration page. There, customers are required to fill in personal information and upload identification documents. Upon completing these steps and submitting their application, customers can finish registering their account.
However, there have been reports of errors on the broker's registration page, potentially posing a significant security risk. These issues could lead to the leakage of personal information or other security risks. Hence, potential customers are advised to thoroughly review and evaluate the broker's website before registering an account, to ensure its security and reliability.
Trading Account Information:
The official website of Bbcfx Global Limited has released some trading account information, but some details remain undisclosed. The broker offers variable spreads, starting from 1 pip; trading leverages range from 1:100 to 1:500; margin call level is 100%, and stop out level is 50%; the contract size is 1 lot = 100,000 currency units.
While this information may provide some reference for potential customers, it has been noted that the broker's website does not disclose key information such as account types, trading commissions, minimum/maximum trading volume, maximum number of open/pending orders, and minimum price precision.
Trading Platform:
Bbcfx Global Limited offers a proprietary trading platform named "Bbcfx Global Limited ST5". It supports both real and demo accounts, but is only available for download on mobile devices. The absence of any corporate entity backing this trading platform may pose certain risks and uncertainties for investors. The lack of corporate support could mean that investors may not receive proper safeguards or have a comprehensive understanding of the trading platform's operational and security aspects.
Deposit and Withdrawal Methods:
Bbcfx Global Limited has not clearly stated on its official website the deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts it supports. Each method may involve different fee structures and minimum amount restrictions. Users are unable to obtain more detailed information.
Conclusion:
Bbcfx Global Limited is a forex broker with opaque registration information and without effective regulation, with communication limited to email, which significantly simplifies contact methods. Its website design and content is suspiciously similar to those of MultiBank Group Limited, CEREMOS, XM Market Limited, Dukascopy Trade MT5, CMC Market Trade MT5, FUNDING, indicating the use of a common template. Trader Encyclopedia advises investors to opt for brokers with transparent information, strong regulation, and good reputation to avoid unnecessary losses to their personal assets.
Currently, Bbcfx Global Limited is marked "Suspected Fraud" on TraderKnows.
