BeCFD was an unlicensed CFD & Forex broker which opened in August 2017. It seems that their website is no longer operational.
BeCFD is owned by BeCFD Limited, located at: Trust Company Complex, Ajeltake Island, Majuro, Marshall Islands MH96960. Their phone number in United Kingdom is: +44 203 807 2033, and Germany: +49 69 204 579 237. Customer support email address is [email protected].
Withdrawal problems and investors complaints should read this.
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BeCFD Broker Review
BeCFD give investors the trading platform for CFD and Forex trading called TraderSoft. Available for trading are hundreds of underlying assets from Crypto, Forex, Stocks, Commodities and Market Indices. Standard leverage on Forex pairs like EUR/USD is 200:1, and the spread is 3 pips.
You have a choice of using either the web based desktop trading platform, downloading the MetaTrader4 software, or you get the newly released mobile trading apps for Android or iOS.
Minimum deposit for a new trading account is $250, and the brokers website is localized into German, Italian and Russian languages.
BeCFD License & Regulation
Australia Warning!!!
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence and is regulated by ASIC.”
What we look for when we review CFD or Forex brokers to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by a competent government regulator like ASIC in Australia or FCA in the United Kingdom. Trading with a licensed broker ensures you will not have issues withdrawing your investment, read more.
BeCFD is not a licensed broker.
When choosing a new Forex broker, it is very important to verify that they are in fact licensed for investors from your country of residence.
Compare Forex Brokers
The best forex broker is a very general statement, because each investor has their own needs and requirements from their broker. However, a smart investor will always have their main broker, and another broker as a backup. You can see our list of most popular brokers.
ForTrade is a very popular Forex broker, regulated both in Australia and England by the FCA and ASIC, see here.
Register your Free Trading Account at: ForTrade.com.
What was your experience like investing with BeCFD? Please leave your review in the comments below.