BForex Review 2024
Minimum
deposit:
  • 200$

Trading platform:

  • WebPROfit
  • Mobile PROfit

BForex Review 2024

Updated:
Updated: October 06, 2023

Attention!

This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of BForex Trading Company

BForex has become a scammer. This company has ceased to fulfill its obligations to customers and partners, and has stopped making payouts.

Geographic Distribution of BForex Traders

Popularity in

43.3%
AE
United Arab Emirates
28.4%
IN
India
14.1%
US
United States
1.4%
NG
Nigeria
1%
OM
Oman
0.8%
SA
Saudi Arabia
0.4%
IL
Israel
0.1%
ES
Spain
1%
KW
Kuwait
0.9%
RU
Russian Federation
0.6%
Others
Others

User Satisfaction i

2 comments
Total score:
3 /10

Share your experience

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stormyjay553154462
2 years ago

I traded with this broker a long time ago, but quickly moved to another one. The account was opened on the advice of one of the traders - I believed his review of BForex. I did not immediately pay attention to the fact that the broker offers fixed spreads. After a week of nervous trading, I realized that this was not an option for my strategy. As for the trading platform, it has all the necessary indicators and drawing tools, but it’s still more convenient for me to work through MetaTrader 4. I can’t say anything about withdrawing funds: I merged almost the entire deposit (thrown $ 200) and I can’t withdraw the remaining 5 bucks saw the meaning. If the broker had a cent account, I wouldn't have to trade a standard lot. And so I lost not only time, but also money.

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elisauawyrh
2 years ago

I just finished trading with them, I have a balance, but I don’t want to waste time on them and the balances are unlikely to be withdrawn.

Trading Conditions for BForex Users

Bforex takes pride in its superior service, in particular, 24-hour customer support, super-fast order execution, narrow spread, zero commission, and a user-friendly web platform. At Bforex, they offer an individual approach to every customer, as the company's management knows that depending on the investment amount, different investors have different needs. Bforex is a unique broker that guarantees Stop and Limit orders regardless of current market conditions.

Bforex is focused on establishing a long-term partnership with every client. As a result, the company conducts business under internationally accepted standards with unparalleled excellence and expertise.

200$

Minimum
deposit

1:300

Leverage

💻 Trading platform: Web-Profit, Mobile PROfit
📊 Accounts: Real, Demo
💰 Account currency: USD
💵 Replenishment / Withdrawal: Credit Card, Bank Transfer, E-wallet
🚀 Minimum deposit: 200$
⚖️ Leverage: 1:300
💼 PAMM-accounts: No
📈️ Min Order: NO
💱 Spread: from 3 point
🔧 Instruments: Forex, Commodities, CFD’s
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: yes
➕ Affiliate program: Yes
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: Welcome Bonus

Contacts

Registration address 16 Pergamou Street 4006 Limassol, Cyprus
Contacts

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
BForex Review BForex Review

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FAQs

Why has BForex been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against BForex by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of BForex is down, not updated or operates with clear errors and some features are not available;
• BForex has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if BForex got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why BForex got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from BForex?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if BForex is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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