BSIFX Information
BSIFX, founded in 2018, is a brokerage registered in the United Kingdom. It provides traders with 100+ trading instruments, supporting traders to use the MT4 platform, and has 3 account types to choose from. However, the problem is that the broker is not regulated and carries relatively large risks.
Pros and Cons
Is BSIFX Legit?
BSIFX is not regulated and is an unsecured broker, which carries certain risks.
What Can I Trade on BSIFX?
BSIFX claims to offer 100+ trading instruments, including stocks, currencies, commodities, indices and CFDs. For example, hundreds of securities including currency pairs such as the euro/dollar, shares of publicly traded companies such as Tesla, as well as indices such as the Dow Jones and commodities such as gold, oil and silver can be traded.
Account Types
The broker offers three types of accounts: Classic Account, Golden Account, and VIP Account.
The minimum deposit requirements of the three accounts range from $250 to $100,000. The spread ranges from 1.0 to 2.0pips, and the higher the account level, the smaller the spread. The leverage is 1:100.
BSIFX Fees
BSIFX Spreads
The higher the BSIFX account level, the smaller the spread, and the spread range remains between 1.0 and 2.0pips. In addition, In BSIFX, In BSIFX, traders do not need commissions to make trades.
Non-Trading Fees
When deposits and withdrawals are made without a transaction, a 20% commission will be charged to cover the payment fee.
Trading Platform
The trading platform supported by BSIFX is MT4, available on Windows desktop as well as IOS and Android mobile systems.
Deposit and Withdrawal
BSIFX offers three modes of deposit and withdrawal: Credit Card, Wire Transfer and E-wallets.
Deposits made using Visa/MasterCard/BTC/ETH/ or USDT will be refunded first in the same way, with a minimum withdrawal amount of $50.
Customer Service
BSIFX says it offers a 24/6 online service. In addition, traders can access customer service through phone, email, social media and physical addresses.
The Bottom Line
Seeing zero commission trading, plus 100+ trading instruments and the MT4 platform, these advantages of BSIFX attract traders. However, BSIFX has a great security risk, because it is not regulated, this broker is very risky.
FAQs
Is BSIFX suitable for beginners?
No, it doesn't. While providing conditions that benefit beginners, the disadvantages of being unregulated are even greater.
What trading platform is supported by BSIFX?
BSIFX offers the MT4 platform for traders to use.
Is BSIFX safe?
It's not safe. The broker lacked supervision and security.
