Worth to Know

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    • Vip accounts
    • Scalping
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    • Commition
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    • Expect Advisors
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General Information

    • Broker Name
    • Bforex
    • Founded
    • 2007
    • Headquaters
    • 5 Ebury Bridge Road, London, United Kingdom, SW1W SQX
    • Broker type
    • MM (Market Maker)
    • Regions
    • Arabic, English, Spanish
    • Payments Methods
    • Credit/debit cards, eWallet, Wire transfer
    • Minimum Deposit
    • $100
    • Min lot size
    • 0.025
    • Spread
    • 3 pip
    • Spread type
    • Fixed
    • Max Leverage
    • 200:1
    • Platforms
    • PROfit

Read Review of Bforex Broker

General Information

Bforex brokerage firm was founded in 2007 and registered in Cyprus.

Company provides online trading services on Forex market. Services are widely used by independent traders and big investment funds.

Bforex priority is constant improvement of trading, financial and information technologies that allow to create convenient cooperation with clients and partners.

Money Deposit and Withdrawal

Bforex works with world leading banks and other financial institutions that allow providing wide range of financial instruments for deposit amd withdrawal operations. To deposit or withdraw money, you can use:

  • Wire transfer;
  • Credit/debit cards of any bank;
  • Western Union cards;

Online payment systems:

  • Skrill (MoneyBookers);
  • Neteller;
  • OKPAY ;

Electronic services: Qiwi; Voguepay; PaySafeCard etc.

Payments are executed in:

  • Wire transfer: 1-3 business days;
  • Payments by credit or Western Union cards: immediately;
  • Online payment systems: 1 business day.

Withdrawal method is independent from initial depositing method.

If you withdraw money, there is a limit for withdrawal minimum. For wire transfer and credit cards amount equals 200 USD, for online payment systems – 50 USD.

Reliability

Bforex works without financial authority regulations. Company takes part in different international financial security, trading and financial confidentiality programs, providing high liquidity and reliability. In particular, White Label program participation allows providing high level of trading security and assets safekeeping.

Bonuses and Special Offers

At the moment company offers one bonus program. Every 500 USD client’s deposit (or more) allows getting 25% bonus. You can withdraw bonus money only after the trade turnover conditions are met.

Trading Account Types

Bforex clients can trade using the following trading account types:

  • BForex PROfit. Minimum deposit 100 USD, leverage 1:200;
  • BForex Metatrader. Minimum deposit 250 USD, leverage 1:200;

For both accounts minimum trade is 0,025 of standard lot. Fixed spread 1-3 pips;

You can use following currencies to open a live account:

  • United States dollar;
  • Euro;
  • British pound sterling;

Clients also can use demo accounts.

Platform Types

Company has two trading platforms:

  • МetaТrader 4;
  • Profit, WebPROfit.

МТ4 – is the most popular platform. Talking about Profit and its web-oriented WebPROfit version – those are two registered corporate platforms, developed by Bforex team. These powerful systems have following pros:

  • No slippage;
  • No requotes;
  • Immediate orders execution;
  • Efficient technical support;
  • Innovative charting package;
  • Powerful News Feed;

Technical Support

Technical support service represents team of experts who can help clients any time on any issue. Works 24/7. You can contact technical support experts via multichannel phone, e-mail or on interactive website forum. You can communicate using next languages:

  • English;
  • Arabic;
  • French;
  • Russian;
  • Hindi;
  • Turkish;
  • Spanish.

We also should mention special training programs for traders with different levels of expertise.

On the company’s official website you can find issue-related and overview webinars, held on regular basis.

Pros of Trading with Bforex

Main Bforex advantage is fast orders execution. In this area company is one of the best. All orders are executed with no requotes and slippages. That’s why they are fast.

Company has “No control” policy – it allows instant order execution. Some experts think that such an attitude represents company’s advantage, but some of them, claim that this approach is not safe for traders.

Cons

Company has no license.

Bforex Reviews

Michael Green: Strict orders execution and wide range of trading instruments. Profit Platform is a bit complicated, I tried to trade there, but then came back to МТ4. Payments are transferred faster than it is stated in agreement terms. E.g., when I was withdrawing money to the banking account, they were on my account within 12 hours.

Mick Joresa: I trade here for more than year. It is an ordinary company with its own problems. I’d like to give advice to administration – guys, you should widen the range of deposit currencies. For example, add Swiss franc.

Jonny17: It is reliable and stable broker. Obviously, company appreciates its reputation. Even when problems occur, company’s experts are eager to solve them. Orders execution is strict and fast. Withdrawal is good too. Minimal withdrawal sum is a kind of “disturbing”, but it’s okay. I recommend this broker to others and want to say thanks to its experts.

Conclusion

Counting BForex advantages and highly estimating its innovation policy and client orientation (including security of their assets), we can’t enjoy its powerful operation and high quality services to the full extent. Why? Because broker is not regulated. Company needs a license at least CySEC.

It is necessary to admit that Bforex puts a lot of efforts to support its reputation and provide comfortable conditions, including security issues. Those efforts aren’t pointless. Company’s client and partner bases are growing, thus creating basis for successful development of its clients and the company itself.

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