Are you a FX trader? Do you consider using BBI Trading Markets broker for trading? If yes, stay with us and read this review to find out if bbitradingfx.com is the trading platform you will want to trade with.
What is BBI Trading Markets?
BBI Trading Markets is an offshore brokerage company with a lot of promises for traders. This broker has claimed registered address from Hong Kong. What is more, FX broker trades on the following instruments like forex, stocks, commodities, crypto, and indices.
account descriptions or trading condition information
To clarify BBI Trading Markets claims, traders must know they are dealing with an unknown broker with no regulation over its head.
Withdrawal and Deposit
BBI Trading Markets Minimum Deposit / Withdrawal process
BBI Trading Markets leaves us with no specific information on withdrawal fee nor processing days on withdrawal. Truly, this broker is not legit and its fraudulent schemes are clear.
Further, BBI Trading Markets asserts that the minimal deposit is $300. Regrettably, it is a condition placed for traders before having access.
As for the payment methods, the broker only accepts deposit in the popular cryptocurrency Tether and via UUPay. However, you should not consider making any payment with this broker because it is a risk. So beware!
BBI Trading Markets Platform
BBI Trading Markets claims to operate on MT4. Even though this is the standard trading software in forex market, it still doesn’t make this broker different from other scam trading platforms.
As for the leverage, it can get up to 1:200. From all indications, we say don’t consider doing that with an unregulated forex broker like this one, because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Other Discovery Made About bbitradingfx.com Broker
First of, bbitradingfx.com has no financial authority overseeing its financial services. We believe this broker is not worth your money because Hong Kong Securities and Futures Commission does not have this broker on its records. In remark to this regulator, it is an important financial hub with fairly strict requirements for forex brokers.
Another red flag we discovered about this broker, is that there is no demo account for traders. If traders can’t test the broker on a free account, how then can we know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
BBI Trading Markets Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
bbitradingfx.com claims to be a genuine trading broker, but this is not the truth. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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